[Federal Register: June 21, 1999 (Volume 64, Number 118)]
[Notices]               
[Page 33137-33138]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr21jn99-137]                         

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DEPARTMENT OF THE TREASURY

 
Submission for OMB Review; Comment Request

June 14, 1999.
    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 July 21, 1999 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0227.
    Form Number: IRS Form 6251.
    Type of Review: Extension.
    Title: Alternative Minimum Tax-Individuals.
    Description: Form 6251 is used by individuals with adjustments, tax 
preference items, taxable income above certain exemption amount, or 
certain credits. Form 6251 computes the alternative minimum tax which 
is added to regular tax. The information is needed to ensure the 
taxpayer is complying with the law.
    Respondents: Business or others for-profit.
    Estimated Number of Respondents/Recordkeepers: 414,106.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--2 hrs., 31 min.
Learning about the law or the form--1 hr., 11 min..
Preparing the form--1 hr., 50 min.
Copying, assembling, and sending the form to the IRS--28 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 2,476,354 hours.

    OMB Number: 1545-1128.
    Form Number: IRS Form 8814.
    Type of Review: Revision.
    Title: Parents' Election To Report Child's Interest and Dividends.
    Description: Form 8814 is used by parents who elect to report the 
interest and dividend income of their child under age 14 on their own 
tax return. If this election is made, the child is not required to file 
a return.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 1,100,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--7 min.
Learning about the law or the form--10 min.
Preparing the form--24 min.
Copying, assembling, and sending the form to the IRS--17 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 1,419,000 hours.
    Clearance Officer: Garrick Shear, Internal Revenue Service, Room 
5571, 1111 Constitution Avenue, NW, Washington, DC 20224.

[[Page 33138]]

    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. 99-15597 Filed 6-18-99; 8:45 am]
BILLING CODE 4830-01-P