[Federal Register Volume 59, Number 33 (Thursday, February 17, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-3668]


[[Page Unknown]]

[Federal Register: February 17, 1994]


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DEPARTMENT OF THE TREASURY

 

Public Information Collection Requirements Submitted to OMB for 
Review

February 10, 1994.
    The Department of Treasury has made revisions and resubmitted the 
following public information collection requirement(s) to OMB for 
review and clearance under the Paperwork Reduction Act of 1980, Public 
Law 96-511. Copies of the submission(s) may be obtained by calling the 
Treasury Bureau Clearance Officer listed. Comments regarding this 
information collection should be addressed to the OMB reviewer listed 
and to the Treasury Department Clearance Officer, Department of the 
Treasury, room 3171 Treasury Annex, 1500 Pennsylvania Avenue NW., 
Washington, DC 20220.

Internal Revenue Service

OMB Number: 1545-0023
Form Number: IRS Form 720
Type of Review: Resubmission
Title: Quarterly Federal Excise Tax Return
Description: Form 720 is used to report excise taxes due from retailers 
and manufacturers on the sale or manufacture of various articles, to 
report taxes on facilities and services, and taxes on certain products 
and commodities (gasoline and vaccines, etc.). It enables IRS to 
monitor excise tax liability for various categories on a single form 
and to collect the tax quarterly in compliance with the law and 
regulations (Internal Revenue Code 6011).
Respondents: Individuals or households, businesses or other for- 
profit, small businesses or organizations
Estimated Number of Respondents/Recordkeepers: 338,000
Estimated Burden Hours Per Respondent/Recordkeeper: 

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                                                             Learning about the law or    Preparing and sending 
            Form                     Recordkeeping                   the form              the form to the IRS  
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720.........................  25 hr., 21 min..............  2 hr., 26 min..............  8 hr., 52 min.         
Sch. A......................  2 hr., 23 min...............  ...........................  2 min.                 
Sch. C Part I...............  2 hr., 38 min...............  ...........................  2 min.                 
Sch. C Part II..............  11 hr., 58 min..............  ...........................  12 min.                
Sch. C Part III.............  14 min......................  ...........................  .......................
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Frequency of Response: Quarterly
Estimated Total Reporting/Recordkeeping Burden: 10,003,900 hours
Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue 
Service, room 5571, 1111 Constitution Avenue NW., Washington, DC 20224.
OMB Reviewer: Milo Sunderhauf (202) 395-6880, Office of Management and 
Budget, room 3001, New Executive Office Building, Washington, DC 20503.
Lois K. Holland,
Departmental Reports, Management Officer.
[FR Doc. 94-3668 Filed 2-16-94; 8:45 am]
BILLING CODE 4830-01-P