The Department of the 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 November 20, 2002 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-1519.
Form Number: IRS Form 1099-LTC.
Type of Review: Extension.
Title: Long-Term Care and Accelerated Death Benefits.
Description: Under the terms of the Internal Revenue Code sections 7702B and 101g, qualified long-term care and accelerated death benefits paid to chronically ill individuals are treated as amounts received for expenses incurred for medical care. Amounts received on a per diem basis in excess of $175 per day are taxable. Section 6050Q requires all such amounts to be reported.
Respondents: Business or other for-profit, Individuals or households, Not-for-profit institutions, State, Local or Tribal Government.
Estimated Number of Respondents: 3,000.
Estimated Burden Hours Per Respondent: 13 minutes.
Frequency of Response: Annually.
Estimated Total Reporting Burden: 18,181 hours.
Clearance Officer: Glenn Kirkland, (202) 622-3428, Internal Revenue Service, Room 6411-03, 1111 Constitution Avenue, NW., Washington, DC 20224.
OMB Reviewer: Joseph F. Lackey, Jr., (202) 395-7316, Office of Management and Budget, Room 10235, New Executive Office Building, Washington, DC 20503.Start Signature
Mary A. Able,
Departmental Reports, Management Officer.
[FR Doc. 02-26649 Filed 10-18-02; 8:45 am]
BILLING CODE 4830-01-P