[Federal Register Volume 67, Number 41 (Friday, March 1, 2002)]
[Notices]
[Pages 9502-9503]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-4874]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

February 20, 2002.
    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 1, 2002, 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1626.
    Form Number: IRS Form 1065-B and Schedule K-1 .
    Type of Review: Extension.
    Title: U.S. Return of Income for Electing Large Partnerships (Form 
1065-B); and Partner's Share of Income (Loss) From an Electing Large 
Partnership (Schedule K-1).
    Description: Code sections 771-777 allow large partnerships to 
elect to file a simplified return which requires fewer items to be 
reported to partners.
    Respondents: Business or other for-profit, farms.
    Estimated Number of Respondents/Recordkeepers: 100.
    Estimated Burden Hours Per Respondent/Recordkeeper:

----------------------------------------------------------------------------------------------------------------
                                                                                                   Copying,
                                                      Learning about the                        assembling, and
              Form                   Recordkeeping      law or the form   Preparing the form   sending the form
                                                                                                  to the IRS
----------------------------------------------------------------------------------------------------------------
Form 1065-B.....................  50 hr., 22 min....  21 hr., 1 min.....  32 hr., 6 min.....  2 hr., 40 min.
Schedule K-1 (Form 6065-B)......  10 hr., 10 min....  7 hr., 49 min.....  11 hr., 56 min....
----------------------------------------------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 456,151 hours.
    OMB Number: 1545-1756.
    Revenue Procedure Number: Revenue Procedure 2001-56.
    Type of Review: Extension.
    Title: Demonstration Automobile Use.
    Description: This revenue procedure provides optional simplified 
methods for determining the value of the sue of demonstration 
automobiles provided to employees by automobile dealerships.
    Respondents: Business or other for-profit.
    Estimated Number of Recordkeepers: 20,000.
    Estimated Burden Hours Per Recordkeeper: 5 hours.
    Estimated Total Recordkeeping Burden: 100,000 hours.
    OMB Number: 1545-1758.
    Form Number: IRS Form 8879.
    Type of Review: Extension.
    Title: IRS e-file Signature Authorization.
    Description: Form 8879 is used to allow taxpayers to authorize the 
Electronic Return Originators to enter the taxpayer's PIN on the 
electronically filed tax return.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 8,000,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Learning about the law or the form--8 min.
Preparing the form--15 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 5,440,000 hours.
    OMB Number: 1545-1760.
    Form Number: IRS Form 1099-Q.
    Type of Review: Extension.
    Title: Qualified Tuition Program Payments (Under Section 529).
    Description: Form 1099-Q is used to report distributions from 
private and state qualified tuition programs as required under Internal 
Revenue Code section 529.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 150.
    Estimated Burden Hours Per Respondent/Recordkeeper: 11 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 28,500 hours.

[[Page 9503]]

    Clearance Officer: George Freeland, Internal Revenue Service, Room 
5577, 1111 Constitution Avenue, NW., Washington, DC 20224.
    OMB Reviewer: Alexander T. Hunt, Office of Management and Budget, 
Room 10202, New Executive Office Building, Washington, DC 20503, (202) 
395-7860.

Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 02-4874 Filed 2-28-02; 8:45 am]
BILLING CODE 4830-01-P