[Federal Register Volume 63, Number 178 (Tuesday, September 15, 1998)] [Notices] [Page 49378] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 98-24628] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Submission to OMB for Review; Comment Request August 31, 1998. The Department of Treasury has submitted the following public information collection requirement(s) to OMB for review and clearance under the Paperwork Reduction Act of 1995, Public Law 104-13. 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 2110, 1425 New York Avenue, NW., Washington, DC 20220. DATES: Written comments should be received on or before October 15, 1998 to be assured of consideration. Internal Revenue Service (IRS) OMB Number: 1545-0099. Form Number: IRS Form 1065, Schedule D and Schedule K-1). Type of Review: Revision. Title: U.S. Partnership Return of Income (1065); Capital Gains and Losses (Schedule D); and Partner's Share of Income, Credits, Deductions, etc. (Schedule K-1). Description: Internal Revenue Code (IRC) section 6031 requires partnerships to file returns that show gross income items, allowable deductions, partners' names, addresses, and distribution shares, and other information. This information is used to verify correct reporting of partnership items and for general statistics. Respondents: Businesses or other for-profit, Individuals or households, Farms. Estimated Number of Respondents/Recordkeepers: 1,488,000. Estimated Burden Hours Per Respondent/Recordkeeper: -------------------------------------------------------------------------------------------------------------------------------------------------------- Learning about the law or Copying, assembling, and Form Recordkeeping the form Preparing the form sending the form to the IRS -------------------------------------------------------------------------------------------------------------------------------------------------------- 1065............................. 39 hr., 50 min.............. 21 hr., 28 min.............. 37 hr., 11 min.............. 4 hr., 1 min. Schedule D....................... 6 hr., 56 min............... 1 hr., 29 min............... 1 hr., 40 min............... Schedule K-1..................... 25 hr., 7 min............... 9 hr., 20 min............... 10 hr., 10 min.............. -------------------------------------------------------------------------------------------------------------------------------------------------------- Frequency of Response: Annually. Estimated Total Reporting/Recordkeeping Burden: 1,121,918,608 hours. Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue Service, Room 5571, 1111 Constitution Avenue, NW, Washington, DC 20224. OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of Management and Budget, Room 10226, New Executive Office Building, Washington, DC 20503. Lois K. Holland, Departmental Reports Management Officer. [FR Doc. 98-24628 Filed 9-14-98; 8:45 am] BILLING CODE 4830-01-P