[Federal Register Volume 63, Number 242 (Thursday, December 17, 1998)] [Notices] [Pages 69712-69713] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 98-33415] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Submission for OMB Review; Comment Request December 8, 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 January 19, 1999 to be assured of consideration. Internal Revenue Service (IRS) OMB Number: 1545-0015. Form Number: IRS Form 706. Type of Review: Extension. Title: United States Estate (and Generation-Skipping Transfer) Tax Return. Description: Form 706 is used by executors to report and compute the Federal Estate Tax imposed by Internal Revenue Code (IRC) section 2001 and the Federal GST tax imposed by IRC section 2601. IRS uses the information to enforce these taxes and to verify that the tax has been properly computed. Respondents: Individuals or households, Business and other for- profit. Estimated Number of Respondents/Recordkeepers: 75,000. Estimated Burden Hours Per Respondent/Recordkeeper: -------------------------------------------------------------------------------------------------------------------------------------------------------- Copying, assembling, Form/schedule Recordkeeping Learning about the law or the Preparing the form and sending the form to form the IRS -------------------------------------------------------------------------------------------------------------------------------------------------------- 706............................. 2 hr., 11 min................. 1 hr., 25 min................. 3 hr., 34 min................ 49 min. Schedule A...................... 20 min........................ 16 min........................ 10 min....................... 20 min. Schedule A-1.................... 46 min........................ 25 min........................ 59 min....................... 49 min. Schedule B...................... 20 min........................ 16 min........................ 20 min....................... 20 min. Schedule C...................... 13 min........................ 2 min......................... 8 min........................ 20 min. Schedule D...................... 7 min......................... 6 min......................... 8 min........................ 20 min. Schedule E...................... 40 min........................ 7 min......................... 24 min....................... 20 min. Schedule F...................... 33 min........................ 8 min......................... 21 min....................... 20 min. Schedule G...................... 26 min........................ 23 min........................ 11 min....................... 14 min. Schedule H...................... 26 min........................ 7 min......................... 10 min....................... 14 min. Schedule I...................... 26 min........................ 27 min........................ 11 min....................... 20 min. Schedule J...................... 26 min........................ 7 min......................... 16 min....................... 20 min. Schedule K...................... 26 min........................ 10 min........................ 10 min....................... 20 min. Schedule L...................... 13 min........................ 5 min......................... 10 min....................... 20 min. Schedule M...................... 13 min........................ 29 min........................ 24 min,20 min................ Schedule O...................... 20 min........................ 11 min........................ 18 min....................... 17 min. [[Page 69713]] Schedule P...................... 7 min......................... 14 min........................ 18 min....................... 14 min. Schedule Q...................... 7 min......................... 10 min........................ 11 min....................... 14 min. Schedule Q (Worksheet).......... 7 min......................... 10 min........................ 59 min....................... 20 min. Schedule R...................... 20 min........................ 34 min........................ 1 hr., 1 min................. 49 min. Schedule R-1.................... 7 min......................... 29 min........................ 24 min....................... 20 min. Schedule T...................... 1 hr., 12 min................. 26 min........................ 1 hr., 14 min................ 1 hr., 3 min. Schedule U...................... 20 in......................... 3 min......................... 29 min....................... 20 min. 706 Continuation................ 20 min........................ 3 min......................... 7 min........................ 20 min. -------------------------------------------------------------------------------------------------------------------------------------------------------- Frequency of Response: Other (once). Estimated Total Reporting/Recordkeeping Burden: 1,739,052 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. 98-33415 Filed 12-16-98; 8:45 am] BILLING CODE 4830-01-P