[Federal Register Volume 68, Number 117 (Wednesday, June 18, 2003)]
[Notices]
[Page 36630]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-15382]



[[Page 36630]]

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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

June 10, 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 July 18, 2003 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0139.
    Form Number: IRS Form 2106.
    Type of Review: Revision.
    Title: Employee Business Expenses.
    Description: Internal Revenue Code (IRC) section 62 allows 
employees to deduct their business expenses to the extent of 
reimbursement in computing ``Adjusted Gross Income''. Expenses in 
excess of reimbursements are allowed as an itemized deduction. 
Unreimbursed meals and entertainment are allowed to the extent of 50% 
of the expense. Form 2106 is used to figure these expenses.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 5,567,188.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--2 hr., 11 min.
Learning about the law or the form--27 min.
Preparing and sending the form--1 hr., 27 min.
Copying, assembling, and sending the form to the IRS--34 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 22,809,519 hours.

    OMB Number: 1545-0890.
    Form Number: IRS Form 1120-A.
    Type of Review: Extension.
    Title: U.S. Corporation Short-Form Income Tax Return.
    Description: Form 1120-A is used by small corporations, those with 
less that $500,000 of income and assets, to compute their taxable 
income and tax liability. The IRS uses Form 1120-A to determine whether 
corporations have correctly computed their tax liability.
    Respondents: Business or other for-profit, Farms.
    Estimated Number of Respondents/Recordkeepers: 191,769.
    Estimated Burden Hours Per Respondent/Recordkeeper:

----------------------------------------------------------------------------------------------------------------
                                                     Learning about                        Copying, assembling,
             Form                 Recordkeeping      the law or the     Preparing the    and sending the form to
                                                          form               form                the IRS
----------------------------------------------------------------------------------------------------------------
1120..........................  71 hr., 18 min...  43 hr., 29 min...  75 hr., 24 min...  8 hr., 18 min.
1120-A........................  43 hr., 44 min...  23 hr., 6 min....  41 hr., 35 min...  4 hr., 49 min.
Schedule D (1120).............  7 hr., 10 min....  4 hr., 6 min.....  6 hr., 16 min....  32 min.
Schedule H (1120).............  5 hr., 58 min....  35 min...........  43 min...........  0 min.
Schedule N (1120).............  3 hr., 35 min....  1 hr., 7 min.....  3 hr., 6 min.....  32 min.
Schedule PH (1120)............  15 hr., 18 min...  6 hr., 12 min....  8 hr., 35 min....  32 min.
----------------------------------------------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 19,152,552 hours.

    OMB Number: 1545-1057.
    Form Number: IRS Form 8800.
    Type of Review: Extension.
    Title: Application for Additional Extension of Time to File U.S. 
Return for a Partnership, REMIC, or for Certain Trusts.
    Description: Form 8800 is used by partnerships, real estate 
mortgage investment conduits (REMICs), and by certain trusts to request 
an additional extension of time (up to 3 months) to file Form 1065, 
Form 1041, or Form 1066. Form 8800 contains data needed by the IRS to 
determine whether or not a taxpayer qualifies for such an extension.
    Respondents: Business or other for-profit, Farms.
    Estimated Number of Respondents/Recordkeepers: 20,000.
    Estimated Burden Hours Per Respondent/Recordkeeper: 11 minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 3,800 hours.
    Clearance Officer: Glenn Kirkland, Internal Revenue Service, Room 
6411-03, 1111 Constitution Avenue, NW, Washington, DC 20224, (202) 622-
3428.
    OMB Reviewer: Joseph F. Lackey, Jr., Office of Management and 
Budget, Room 10235, New Executive Office Building, Washington, DC 
20503, (202) 395-7316.

Mary A. Able,
Departmental Reports Management Officer.
[FR Doc. 03-15382 Filed 6-17-03; 8:45 am]
BILLING CODE 4830-01-P