[Federal Register Volume 66, Number 131 (Monday, July 9, 2001)]
[Notices]
[Pages 35832-35833]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-17082]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

June 29, 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,

[[Page 35833]]

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 August 8, 2001 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0016.
    Form Number: IRS Form 706.
    Type of Review: Revision.
    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 
2601. IRS uses the information to enforce these taxes and to verify 
that the tax has been properly computed.
    Respondents: Individuals or households, Business or other for-
profit.
    Estimated Number of Respondents/Recordkeepers: 117,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

----------------------------------------------------------------------------------------------------------------
                                                                                                   Copying,
                                                        Learning about                          assembling, and
          Form/Schedule              Recordkeeping      the law or the    Preparing the form   sending the form
                                                             form                                 to the IRS
----------------------------------------------------------------------------------------------------------------
706.............................  2 hr., 10 min.....  1 hr., 30 min.....  3 hr., 40 min.....  48 min.
Schedule A......................  19 min............  15 min............  9 min.............  20 min.
Schedule A-1....................  45 min............  25 min............  58 min............  48 min.
Schedule B......................  19 min............  9 min.............  15 min............  20 min.
Schedule C......................  13 min............  1 min.............  8 min.............  20 min.
Schedule D......................  6 min.............  6 min.............  8 min.............  20 min.
Schedule E......................  39 min............  7 min.............  24 min............  20 min.
Schedule F......................  33 min............  7 min.............  21 min............  20 min.
Schedule G......................  26 min............  22 min............  11 min............  13 min.
Schedule H......................  26 min............  7 min.............  9 min.............  13 min.
Schedule I......................  26 min............  27 min............  11 min............  20 min.
Schedule J......................  26 min............  7 min.............  15 min............  20 min.
Schedule K......................  26 min............  10 min............  9 min.............  20 min.
Schedule L......................  13 min............  4 min.............  9 min.............  20 min.
Schedule M......................  13 min............  31 min............  24 min............  20 min.
Schedule O......................  19 min............  11 min............  18 min............  16 min.
Schedule P......................  6 min.............  14 min............  18 min............  13 min.
Schedule Q......................  6 min.............  9 min.............  11 min............  13 min.
Schedule Q Worksheet............  6 min.............  9 min.............  58 min............  20 min.
Schedule R......................  19 min............  34 min............  1 hr., 1 min......  48 min.
Schedule R-1....................  6 min.............  29 min............  24 min............  20 min
Schedule T......................  1 hr., 12 min.....  27 min............  1 hr., 14 min.....  1 hr., 3 min.
Schedule U......................  19 min............  3 min.............  28 min............  20 min.
Cont. Schedule..................  19 min............  2 min.............  7 min.............  20 min.
----------------------------------------------------------------------------------------------------------------

    Frequency of Response: Other (once).
    Estimated Total Reporting. Recordkeeping Burden: 2,079,835 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. 01-17082 Filed 7-6-01; 8:45 am]
BILLING CODE 4830-01-P