[Federal Register Volume 62, Number 245 (Monday, December 22, 1997)]
[Pages 66894-66895]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-33361]



Internal Revenue Service

Proposed Collection; Comment Request For Forms 4804 and 4802

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.


SUMMARY: The Department of the Treasury, as part of its continuing 

[[Page 66895]]

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, Pub. L. 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Form 4804, Transmittal of Information Returns Reported Magnetically/
Electronically, and Form 4802, Transmittal of Information Returns 
Reported Magnetically/Electronically (Continuation of Form 4804).

DATES: Written comments should be received on or before February 20, 
1998 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 information collection should be directed to Carol 
Savage, (202) 622-3945, Internal Revenue Service, room 5569, 1111 
Constitution Avenue NW., Washington, DC 20224.


    Title: Form 4804, Transmittal of Information Returns Reported 
Magnetically/Electronically, and Form 4802, Transmittal of Information 
Returns Reported Magnetically/Electronically (Continuation of Form 
    OMB Number: 1545-0367.
    Form Number: Forms 4804 and 4802.
    Abstract: Under Internal Revenue Code sections 6041 and 6042, all 
persons engaged in a trade or business and making payments of taxable 
income must file reports of this income with the IRS. In certain cases, 
this information must be filed on magnetic media. Forms 4804 and 4802 
are transmittal forms for the magnetic media and indicate the payer, 
type of document, and total payee records.
    Current Actions: There are no changes being made to the forms at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals, business or other for-profit 
organizations, not-for-profit institutions, farms, and Federal, state, 
local or tribal governments.
    Estimated Number of Responses: 138,343.
    Estimated Time Per Response: 20 minutes.
    Estimated Total Annual Burden Hours: 45,406.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.

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; (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; and (e) estimates 
of capital or start-up costs and costs of operation, maintenance, and 
purchase of services to provide information.

    Approved: December 17, 1997.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 97-33361 Filed 12-19-97; 8:45 am]