[Federal Register Volume 68, Number 70 (Friday, April 11, 2003)]
[Notices]
[Pages 17859-17860]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-8864]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

April 3, 2003.
    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, Pubic 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 
11000, 1750 Pennsylvania Avenue, NW., Washington, DC 20220.

Dates: Written comments should be received on or before May 12, 2003 to 
be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1233.
    Regulation Project Number: IA-14-91 Final.
    Type of Review: Extension.
    Title: Adjusted Current Earnings.
    Description: This regulation affects business and other for-profit 
institutions. This information is required by the IRS to ensure the 
proper application of section 1.56(g)-1 of the regulation. It will be 
used to verify that taxpayers have properly elected the benefits of 
section 1.56(g)-1[reg] of the regulation.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 1,000.
    Estimated Burden Hours Per Respondent: 1 hour.
    Estimated Total Reporting/Recordkeeping Burden: 1,000 hours.


[[Page 17860]]


    OMB Number: 1545-1380.
    Regulation Project Number: IA-17-90 Final.
    Type of Review: Extension.
    Title: Reporting Requirements for Recipients of Points Paid on 
Residential Mortgages.
    Description: To encourage compliance with the tax laws relating to 
the mortgage interest deduction, the regulations require the reporting 
on Form 1098 of points paid on residential mortgages. Only businesses 
that receive mortgage interest in the course of a trade or business are 
affected by this requirement.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 37,644.
    Estimated Burden Hours per Respondent/Recordkeeper: 7 hours, 31 
minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 283,056 hours.

    OMB Number: 1545-1431.
    Regulation Project Number: IA-74-93 Final.
    Type of Review: Extension.
    Title: Substantiation Requirement for Certain Contributions.
    Description: These regulations provide that, for purposes of 
substantiation for certain charitable contributions, consideration does 
not include de minimis goods or services. It also provides guidance on 
how taxpayers may satisfy the substantiation requirement for 
contributions of $250 or more.
    Respondents: Business or other for-profit, Individuals or 
households, not-for-profit institutions.
    Estimated Number of Respondents: 16,000.
    Estimated Burden Hours per Respondent: 3 hours, 13 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 51,500 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.

Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 03-8864 Filed 4-10-03; 8:45 am]
BILLING CODE 4830-01-P