[Federal Register Volume 66, Number 57 (Friday, March 23, 2001)]
[Notices]
[Page 16315]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-7176]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

March 15, 2001.
    The Department of the 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 23, 2001 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0092.
    Form Number: IRS Form 1041 and related Schedules D, J, and K-1.
    Type of Review: Revision.
    Title: U.S. Income Tax Return for Estates and Trusts.
    Description: Internal Revenue Code (IRC) section 6012 requires that 
an annual income tax return be filed for estates and trusts. Data is 
used to determine that the estates, trusts, and beneficiaries filed the 
proper returns and paid the correct tax. IRC section 59 requires the 
fiduciary to recompute the distributable net income on a minimum tax 
basis.
    Respondents: Business or other for-profit, individuals or 
households.
    Estimated Number of Respondents/Recordkeepers: 3,496,119.
    Estimated Burden Hours Per Respondent/Recordkeeper:

----------------------------------------------------------------------------------------------------------------
                                    Form 1041        Schedule D        Schedule J            Schedule K-1
----------------------------------------------------------------------------------------------------------------
Recordkeeping.................  46 hr., 37 min..  29 hr., 53 min..  39 hr., 27 min..  8 hr., 51 min.
Learning about the law or the   18 hr., 36 min..  2 hr., 34 min...  1 hr., 17 min...  1 hr., 17 min.
 form.
Preparing the form............  35 hr., 4 min...  3 hr., 10 min...  1 hr., 59 min...  1 hr., 29 min.
Copying, assembling, and        4 hr., 17 min...
 sending the form to the IRS.
----------------------------------------------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 364,219,012 hours.

    OMB Number: 1545-1529.
    Form Number: None.
    Type of Review: Extension.
    Title: Tip Reporting Alternative Commitment (Hairstyling Industry).
    Description: Information is required by the Internal Revenue 
Service in its compliance efforts to assist employers and their 
employees in understanding and complying with section 6053(a), which 
requires employees to report all their tips monthly to their employers.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 4,600.
    Estimated Burden Hours Per Respondent/Recordkeeper: 9 hours, 22 
minutes.
    Frequency of Response: On occasion
    Estimated Total Reporting/Recordkeeping Burden: 43,073 hours.

    OMB Number: 1545-1710.
    Revenue Procedure Number: Revenue Procedure 2001-9.
    Type of Review: Extension.
    Title: Form 940 e-file Program.
    Description: Revenue Procedure 2001-9 provides guidance and the 
requirements for participating in the Form 940 e-file Program.
    Respondents: Business or other for-profit, not-for-profit 
institutions, Federal Government, State, Local or Tribal Government.
    Estimated Number of Respondents/Recordkeepers: 390,685.
    Estimated Burden Hours Per Respondent/Recordkeeper: 32 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 207,125 hours.

    OMB Number: 1545-1717.
    Form Number: None.
    Type of Review: Extension.
    Title: Tip Rate Determination Agreement (TRDA) for Most Industries.
    Description: Information is required by the Internal Revenue 
Service in its tax compliance efforts to assist employers and their 
employees in understanding and complying with section 6053(a), which 
requires employees to report all their tips monthly to their employers.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 100.
    Estimated Burden Hours Per Respondent/Recordkeeper: 58 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 1,897.

    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. 01-7176 Filed 3-22-01; 8:45 am]
BILLING CODE 4830-01-P