[Federal Register Volume 68, Number 97 (Tuesday, May 20, 2003)]
[Notices]
[Pages 27628-27629]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-12595]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

May 12, 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, Pub. L. 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 19, 
2003 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0169.
    Form Number: IRS Forms 4461, 4461-A, and 4461-B.
    Type of Review: Revision.
    Title: Form 4461: Application for Approval of Master or Prototype 
Defined Contribution Plan;
    Form 4461-A: Application for Approval of Master or Prototype 
Defined Benefit Plan; and
    Form 4461-B: Application for Approval of Master or Prototype Plan, 
Mass Submitter Adopting Sponsor.
    Description: The IRS uses these forms to determine from the 
information submitted whether the applicant plan qualifies under 
section 401(a) of the Internal Revenue Code for plan approval. The 
application is also used to determine if the related trust qualifies 
for tax exempt status under Code section 501(a).
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 1,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

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                                              4461                     4461-A                    4461-B
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Recordkeeping....................  43 hr., 17 min...........  42 hr., 34 min..........  5 hr., 58 min.
Learning about the law or the      6 hr., 43 min............  6 hr., 1 min............  52 min.
 form.
Preparing the form...............  8 hr., 39 min............  7 hr., 55 min...........  1 hr., 56 min.
Copying, assembling, and sending   16 min...................  16 min..................  16 min.
 the to the IRS.
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[[Page 27629]]

    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 109,298 hours.

    OMB Number: 1545-0881.
    Form Number: IRS Form 8271.
    Type of Review:
    Title: Investor Reporting of Tax Shelter Registration Number.
    Description: All persons who are claiming a deduction, loss, 
credit, or other tax benefit, or reporting any income on their returns 
from a tax shelter required to be registered (under IRC 6111) must 
report the tax shelter registration number on that return. Form 8271 is 
sued for this purpose. We use the information to associate claimed 
benefits with the tax shelter and to determine if any compliance 
actions are needed.
    Respondents: Individuals or households, business or other for-
profit, not-for-profit institutions, farms, State, Local or Tribal 
Government.
    Estimated Number of Respondents/Recordkeepers: 297,500.
    Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--6 min.
Learning about the law or the form--7 min.
Preparing the form--16 min.
Copying, assembling, and sending the form to the IRS--10 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 205,275 hours.

    OMB Number: 1545-1099.
    Form Number: IRS Form 8811.
    Type of Review: Extension.
    Title: Information Return for Real Estate Mortgage Investment 
Conduits (REMICs) and Issuers of Collateralized Debt Obligations
    Description: Form 8811 is used to collect the name, address, and 
phone number of a representative of a REMIC who can provide brokers 
with the correct income amounts that the broker's clients must report 
on their income tax returns. The form allows the IRS to provide the 
REMIC industry the information necessary to issue correct information 
returns to investors.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 1,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--3 hr., 49 min.
Learning about the law or the form--35 min.
Preparing, copying, assembling, and sending the form to the IRS--41 
min.
    Frequency of Response: Other (One-time for each obligation).
    Estimated Total Reporting/Recordkeeping Burden: 5,110 hours.

    OMB Number: 1545-1277.
    Form Number: IRS Form 1040-TeleFile.
    Type of Review: Revision.
    Title: TeleFile.
    Description: Form 1040EZ filers whose IRS mail label has not 
changed, will be given the option to file their return by telephone, 
with no return to send in to the IRS. The IRS will use the information 
obtained to compute the taxpayer's refund or balance due.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 4,578,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--6 min.
Learning about the law or the Tax Record--26 min.
Preparing the Tax Record--39 min.
TeleFile phone call--10 min.
Preparing Form 8855-V--22 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 7,133,900 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. 03-12595 Filed 5-19-03; 8:45 am]
BILLING CODE 4830-01-J