[Federal Register Volume 66, Number 140 (Friday, July 20, 2001)]
[Notices]
[Page 38053]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-18144]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

July 13, 2001
    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 August 20, 2001 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0192.
    Form Number: IRS Form 4562.
    Type of Review: Revision.
    Title: Depreciation and Amortization (Including Information on 
Listed Property).
    Description: Taxpayers use Form 4562 to: (1) claim for depreciation 
and/or amortization; (2) make a section 179 election to expense 
depreciable assets; and (3) answer questions regarding the use of 
automobiles and other listed property to substantiate the business use 
under section 274(d).
    Respondents: Individuals or households, Business or other for-
profit, Farms.
    Estimated Number of Respondents/Recordkeepers: 6,500,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--37 hr., 19 min.
Learning about the law or the form--5 hr., 10 min.
Preparing and sending the form to the IRS--5 hr., 59 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 298,367,500 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. 01-18144 Filed 7-19-01; 8:45 am]
BILLING CODE 4830-01-P