[Federal Register Volume 65, Number 54 (Monday, March 20, 2000)]
[Notices]
[Pages 15036-15037]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-6733]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

March 13, 2000.
    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 April 19, 2000 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1007.
    Form Number: IRS Form 8606.
    Type of Review: Revision.
    Title: Nondeductible IRAs.
    Description: Internal Revenue Code (IRC) section 408(o) requires 
certain information regarding nondeductible contributions to 
traditional IRAs (reported on Part I of Form 8606). IRC section 408A(d) 
requires information regarding conversions from traditional IRAs to 
Roth IRAs (reported on Parts II and III of Form 8606). IRC section 530 
requires information regarding distributions from ED IRAs (reported on 
Part IV of Form 8606).
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 1,800,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping: 1 hr., 6 min.
Learning about the law or the form: 1 hr., 37 min.
Preparing the form: 2 hr., 11 min.
Copying, assembling, and sending the form to the IRS: 58 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 2,198,320 hours.

    OMB Number: 1545-1506.
    Notice Number: Notice 96-65.
    Type of Review: Extension.
    Title: Treatment of a Trust as Domestic or Foreign-Changes Made by 
the Small Business Job Protection Act.
    Description: Notice 96-65 announces that a domestic trust may avoid 
an involuntary change in status caused by operation of the Small 
Business job Protection Act of 1996 by reforming within a reasonable 
period of time. The notice also announces how to elect to apply the new 
trust status rules retroactively.
    Respondents: Individuals or households, Business or other for-
profit, Not-for-profit institution.
    Estimated Number of Respondents: 1,200.
    Estimated Burden Hours Per Respondent: 28 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 550 hours.

    OMB Number: 1545-1512.
    Revenue Procedure Number: Revenue Procedure 98-50 (formerly Revenue 
Procedure 96-61).
    Type of Review: Revision.
    Title: Form 1040 RS e-file Program.
    Description: Revenue Procedure 98-50 information those who 
participate in the Electronic Filing Program for Form 1040, and Form 
1040A, and Form 1040EZ, of their obligations to the Internal Revenue 
Service, and other participants..
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 75,000.
    Estimated Burden Hours Per Respondent/Recordkeeper: 30 hours, 19 
minutes (or approximately six (6) minutes per electronically filed 
return).
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 2,273,932 hours.

    OMB Number: 1545-1513.
    Revenue Procedure Number: Revenue Procedure 98-51 (formerly Revenue 
Procedure 96-62).
    Type of Review: Revision.
    Title: Form 1040 On-Line Filing Program.
    Description: Revenue Procedure 98-51 information those who 
participate in the On-Line Filing Program for Form 1040, Form 1040A, 
and Form 1040EZ, of their obligations to the Internal Revenue Service, 
taxpayers, and other participants.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 14.

[[Page 15037]]

    Estimated Burden Hours Per Respondent/Recordkeeper: 5,179 hours (or 
approximately two (2) minutes per on-line electronically-filed return).
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recording Burden: 72,509 hours.

    OMB Number: 1545-1667.
    Revenue Procedure Number: Revenue Procedure 99-50.
    Type of Review: Extension.
    Title: Combined Information Reporting.
    Description: The revenue procedure permits combined information 
reporting by a successor ``business entity'' (i.e., a corporation, 
partnership, or sole proprietorship) in certain situations following a 
merger or an acquisition. The successor must file a statement with the 
Internal Revenue Service indicating what forms are being filed on a 
combined basis.
    Respondents: Business or other for-profit, not-for-profit 
institution, farms.
    Estimated Number of Respondents: 6,000.
    Estimated Burden Hours Per Respondent: 5 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 500 hours.
    Clearance Officer: Garrick Shear, Internal Revenue Service, Room 
5244, 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. 00-6733 Filed 3-17-00; 8:45 am]
BILLING CODE 4830-01-M