[Federal Register Volume 70, Number 92 (Friday, May 13, 2005)]
[Notices]
[Page 25649]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-2395]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 730

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Form 730, Tax on Wagering.

DATES: Written comments should be received on or before July 12, 2005 
to be assured of consideration.

ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal 
Revenue Service, room 6516, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to R. Joseph 
Durbala, (202) 622-3634, Internal Revenue Service, room 6407, 1111 
Constitution Avenue, NW., Washington, DC 20224 or through the Internet 
at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Tax on Wagering.
    OMB Number: 1545-0235.
    Form Number: Form 730.
    Abstract: Form 730 is used to identify taxable wagers under 
Internal Revenue Code section 4401 and collect the tax monthly. The 
information is used to determine if persons accepting wagers are 
correctly reporting the amount of wagers and paying the required tax.
    Current Actions: Form 730 has been reformatted to be scannable. New 
entry boxes have been added for a daytime telephone number, and to 
indicate a final return. Lines 4a and 4b each have a new entry to allow 
for the separate computation of tax amounts for wagers authorized under 
state law (line 4a) and for all other wagers (line 4b).
    Type of Review: Revision of a currently approved collection.
    Affected Public: Businesses or other for-profit organizations and 
individuals.
    Estimated Number of Respondents: 102,164.
    Estimated Time Per Response: 8 hrs., 25 min.
    Estimated Total Annual Burden Hours: 384,291.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology; and (e) 
estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Approved: May 6, 2005.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E5-2395 Filed 5-12-05; 8:45 am]
BILLING CODE 4830-01-P