[Federal Register: February 11, 1999 (Volume 64, Number 28)]
[Notices]               
[Page 6938]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr11fe99-126]

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DEPARTMENT OF THE TREASURY

 
Submission for OMB Review; Comment Request

February 4, 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 March 15, 1999 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1626.
    Form Number: IRS Forms 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:

------------------------------------------------------------------------
                                   Form 1065-B         Schedule K-1
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Recordkeeping.................  43 hr., 46 min..  9 hr., 5 min.
Learning about the law or the   17 hr., 50 min..  7 hr., 20 min.
 form.
Preparing the form............  28 hr., 48 min..  11 hr., 31 min.
Copying, assembling and         2 hr., 41 min...
 sending the form to the IRS.
------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 448,637 hours.
    Clearance Officer: Garrick Shear, 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 10202, New Executive Office Building, 
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 99-3371 Filed 2-10-99; 8:45 am]
BILLING CODE 4830-01-P