[Federal Register Volume 68, Number 91 (Monday, May 12, 2003)]
[Notices]
[Page 25408]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-11690]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

May 5, 2003.
    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 
11000, 1750 Pennsylvania Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before June 11, 2003 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0195.
    Form Number: IRS Form 5213.
    Type of Review: Revision.
    Title: Election to Postpone Determination as to Whether the 
Presumption Applies That an Activity is Engaged in for Profit.
    Description: This form is used by individuals, partnerships, 
estates, trusts, and S corporations to make an election to postpone an 
IRS determination as to whether an activity is engaged in for profit 
for 5 years (7 years for breeding, training, showing, or racing 
horses). The data is used to verify eligibility to make the election.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents/Recordkeepers: 10,730.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--6 min.
Learning about the law or the form--10 min.
Preparing the form--9 min.
Copying, assembling, and sending the form to the IRS--20 min.

    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 8,370 hours.
    OMB Number: 1545-0865.
    Form Number: IRS Form 8264.
    Type of Review: Revision.
    Title: Application for Registration of a Tax Shelter.
    Description: Organizers of certain tax shelters are required to 
register them with the IRS using Form 8264. Other persons may have to 
register the tax shelter if the organizer doesn't. We use the 
information to give the tax shelter a registration number. Sellers of 
interests in the tax shelter furnish the number to investors who report 
the number on their tax returns.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents/Recordkeepers: 350.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--33 hr., 14 min.
Learning about the law or the form--3 hr., 34 min.
Preparing, copying, assembling, and sending the form to the IRS--4 hr., 
16 min.

    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 14,382 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. 03-11690 Filed 5-9-03; 8:45 am]
BILLING CODE 4830-01-P