[Federal Register Volume 61, Number 95 (Wednesday, May 15, 1996)]
[Notices]
[Pages 24529-24530]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-12202]



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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 1099-DIV

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Form 1099-DIV, Dividends and Distributions.

DATES: Written comments should be received on or before July 15, 1996 
to be assured of consideration.

ADDRESSES: Direct all written comments to Garrick R. Shear, Internal 
Revenue Service, room 5571, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form(s) and instructions should be directed to Martha R. 
Brinson, (202) 622-3869, Internal Revenue Service, room 5571, 1111 
Constitution Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION: 

    Title: Dividends and Distributions.
    OMB Number: 1545-0110.
    Form Number: Form 1099-DIV.
    Abstract: This form is used by the Service to insure that dividends 
are

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properly reported as required by Internal Revenue Code section 6042, 
that liquidation distributions are correctly reported as required by 
Code section 6043, and to determine whether payees are correctly 
reporting their income.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 140,560.
    Estimated Time per Respondent: 165 hr. 45 min.
    Estimated Total Annual Burden Hours: 23,297,824.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record.
    Comments are invited on: (a) Whether the collection of information 
is necessary for the proper performance of the functions of the agency, 
including whether the information shall have practical utility; (b) the 
accuracy of the agency's estimate of the burden of the collection of 
information; (c) ways to enhance the quality, utility, and clarity of 
the information to be collected; and (d) ways to minimize the burden of 
the collection of information on respondents, including through the use 
of automated collection techniques or other forms of information 
technology.

    Approved: May 1, 1996.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 96-12202 Filed 5-14-96; 8:45 am]
BILLING CODE 4830-01-U