[Federal Register Volume 63, Number 242 (Thursday, December 17, 1998)]
[Notices]
[Pages 69712-69713]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-33415]


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DEPARTMENT OF THE TREASURY

Submission for OMB Review; Comment Request


December 8, 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 January 19, 
1999 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0015.
    Form Number: IRS Form 706.
    Type of Review: Extension.
    Title: United States Estate (and Generation-Skipping Transfer) Tax 
Return.
    Description: Form 706 is used by executors to report and compute 
the Federal Estate Tax imposed by Internal Revenue Code (IRC) section 
2001 and the Federal GST tax imposed by IRC section 2601. IRS uses the 
information to enforce these taxes and to verify that the tax has been 
properly computed.
    Respondents: Individuals or households, Business and other for-
profit.
    Estimated Number of Respondents/Recordkeepers: 75,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                                                                                                   Copying, assembling,
          Form/schedule                    Recordkeeping           Learning about the law or the        Preparing the form       and sending the form to
                                                                               form                                                      the IRS
--------------------------------------------------------------------------------------------------------------------------------------------------------
706.............................  2 hr., 11 min.................  1 hr., 25 min.................  3 hr., 34 min................  49 min.
Schedule A......................  20 min........................  16 min........................  10 min.......................  20 min.
Schedule A-1....................  46 min........................  25 min........................  59 min.......................  49 min.
Schedule B......................  20 min........................  16 min........................  20 min.......................  20 min.
Schedule C......................  13 min........................  2 min.........................  8 min........................  20 min.
Schedule D......................  7 min.........................  6 min.........................  8 min........................  20 min.
Schedule E......................  40 min........................  7 min.........................  24 min.......................  20 min.
Schedule F......................  33 min........................  8 min.........................  21 min.......................  20 min.
Schedule G......................  26 min........................  23 min........................  11 min.......................  14 min.
Schedule H......................  26 min........................  7 min.........................  10 min.......................  14 min.
Schedule I......................  26 min........................  27 min........................  11 min.......................  20 min.
Schedule J......................  26 min........................  7 min.........................  16 min.......................  20 min.
Schedule K......................  26 min........................  10 min........................  10 min.......................  20 min.
Schedule L......................  13 min........................  5 min.........................  10 min.......................  20 min.
Schedule M......................  13 min........................  29 min........................  24 min,20 min................
Schedule O......................  20 min........................  11 min........................  18 min.......................  17 min.

[[Page 69713]]

 
Schedule P......................  7 min.........................  14 min........................  18 min.......................  14 min.
Schedule Q......................  7 min.........................  10 min........................  11 min.......................  14 min.
Schedule Q (Worksheet)..........  7 min.........................  10 min........................  59 min.......................  20 min.
Schedule R......................  20 min........................  34 min........................  1 hr., 1 min.................  49 min.
Schedule R-1....................  7 min.........................  29 min........................  24 min.......................  20 min.
Schedule T......................  1 hr., 12 min.................  26 min........................  1 hr., 14 min................  1 hr., 3 min.
Schedule U......................  20 in.........................  3 min.........................  29 min.......................  20 min.
706 Continuation................  20 min........................  3 min.........................  7 min........................  20 min.
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    Frequency of Response: Other (once).
    Estimated Total Reporting/Recordkeeping Burden: 1,739,052 hours.
    Clearance Officer: Garrick Shear, 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 10202, New Executive Office Building, 
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 98-33415 Filed 12-16-98; 8:45 am]
BILLING CODE 4830-01-P