Submission to OMB for Review; Comment Request

DEPARTMENT OF THE TREASURY

Submission to OMB for Review; Comment Request

July 1, 1998.

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 12, 1998

to be assured of consideration.

Internal Revenue Service (IRS)

OMB Number: 1545-0301.

Form Number: IRS Letter 1117(c).

Type of Review: Extension.

Title: Confirmation Letter.

Description: It is necessary to directly communicate with taxpayers

and/or other knowledgeable parties to obtain verification of

information such as the correct amount of tax due, returns filed, etc.

Response information is used to determine the accuracy of tax and

ledger accounts, etc.

Respondents: Individuals or households, Business or other for-

profit, Not-for-profit institutions, Farms, Federal Government, State,

Local or Tribal Government.

Estimated Number of Respondents: 4,200.

Estimated Burden Hours Per Respondent: 15 minutes.

Frequency of Response: On occasion.

Estimated Total Reporting Burden: 1,050 hours.

OMB Number: 1545-0597.

Form Number: IRS Form 4598.

Type of Review: Extension.

Title: Form W-2, or 1099 Not Received or Incorrect.

Description: Employers and/or payers are required to furnish Forms

W-2 or 1099 to employees and other payees. This three-part form is

necessary for the resolution of taxpayer complaints concerning the non-

receipt of or incorrect Forms W-2 or 1099.

Respondents: Individuals or households, Business or other for-

profit, Farms, Federal Government, State, Local or Tribal Government.

Estimated Number of Respondents: 850,000.

Estimated Burden Hours Per Respondent: 15 minutes.

[[Page 37624]]

Frequency of Response: On occasion.

Estimated Total Reporting Burden: 212,500 hours.

OMB Number: 1545-00806.

Regulation Project Number: EE-12-78 Final.

Type of Review: Extension.

Title: Nonbank Trustees.

Description: Internal Revenue Code (IRC) section 408(a)(2) permits

an institution other than a bank to be the trustee of an Individual

Retirement Account (IRA). To do so, an application needs to be filed

and various qualifications need to be met. IRS uses the information to

determine whether an institution qualifies to be a non-bank trustee.

Respondents: Business or other for-profit.

Estimated Number of Respondents/Recordkeepers: 23.

Estimated Burden Hours Per Respondent/Recordkeeper: 34 minutes.

Frequency of Response: On occasion.

Estimated Total Reporting/Recordkeeping Burden: 13 hours.

OMB Number: 1545-0.

Regulation Project Number: LR 2013 (TD 7533) Final and EE-155-78

(TD 7896) Final.

Type of Review: Extension.

Title: DISC Rules on Procedure and Administration; Rules on Export

Trade Corporations; and Income From Trade Shows (EE-155-78).

Description: Section 1.6071-1(b) requires that when a taxpayer

files a late return for a short period, proof of unusual circumstances

for late filing must be given to the District Director. Sections

1.6072(b), (c), (d), and (e) of the Internal Revenue Code (IRC) deals

with the filing dates of certain corporate returns. Regulation section

1.6072-2 provides additional information concerning these filing dates.

The information is used to insure timely filing of corporate income tax

returns.

Respondents: Business or other for-profit, Individuals or

households, Not-for-profit institutions, Farms, State, Local or Tribal

Government.

Estimated Number of Respondents: 12,417.

Estimated Burden Hours Per Respondent: 15 minutes.

Frequency of Response: On occasion.

Estimated Total Reporting Burden: 3,104 hours.

Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue

Service, Room 5571, 1111 Constitution Avenue, NW, Washington, DC 20224.

OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of

Management and Budget, Room 10226, New Executive Office Building,

Washington, DC 20503.

Lois K. Holland,

Departmental Reports Management Officer.

[FR Doc. 98-18479 Filed 7-10-98; 8:45 am]

BILLING CODE 4810-40-P