[Federal Register Volume 68, Number 123 (Thursday, June 26, 2003)]
[Notices]
[Page 38110]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-16120]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

June 19, 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 July 28, 2003 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0046.
    Form Number: IRS Form 982.
    Type of Review: Extension.
    Title: Reduction of Tax Attributes Due to Discharge of Indebtedness 
(and Section 1082 Basis Adjustment).
    Description: Internal Revenue Code section 108 allows taxpayers to 
exclude from gross income amounts attributable to discharge of 
indebtedness. Code section 1081(b) allows corporations to exclude from 
gross income amounts attributable to certain transfers of property. The 
data is used to verify adjustments to basis of property and reduction 
of tax attributes.
    Respondents: Business or other for-profit, Individuals or 
households, Farms, Federal Government, State, Local or Tribal 
Government.
    Estimated Number of Respondents/Recordkeepers: 1,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--5 hr., 44 min.
Learning about the law or the form--2 hr., 10 min.
Preparing and sending the form to the IRS--2 hr., 22 min.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 10,300 hours.

    OMB Number: 1545-0062.
    Form Number: IRS Form 3902.
    Type of Review: Extension.
    Title: Moving Expenses.
    Description: Internal Revenue Code (IRC) section 217 requires 
itemization of various allowable moving expenses. Form 3903 is filed 
with Form 1040 by individuals claiming employment related moves. The 
data is used to help verify that the expenses are deductible and that 
the deduction is computed correctly.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 678,678.
    Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--3 min.
Learning about the law or the form--9 min.
Preparing the form--15 min.
Copying, assembling, and sending the form to IRS--13 min.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 807,627 hours.

    OMB Number: 1545-0770.
    Regulation Project Number: FI-182-78 NPRM.
    Type of Review: Extension.
    Title: Transfers of Securities Under Certain Agreements.
    Description: Section 1058 of the Internal Revenue Code provides 
tax-free treatment for transfers of securities pursuant to a securities 
lending agreement. The agreement must be in writing and is used by the 
taxpayer, in a tax audit situation, to justify nonrecognition treatment 
of gain or loss on the exchange of the securities.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions.
    Estimated Number of Respondents: 11,742.
    Estimated Burden Hours Per Respondent: 50 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 9,781 hours.

    OMB Number: 1545-1163.
    Form Number: IRS Form 8822.
    Type of Review: Extension.
    Title: Change of Address.
    Description: Form 8822 is used by taxpayers to notify the Internal 
Revenue Service that they have changed their home or business address 
or business location.
    Respondents: Individuals or households, Business or other for-
profit, Not-for-profit institutions, Farms, Federal Government, State, 
Local or Tribal Government.
    Estimated Number of Respondents: 1,500,000.
    Estimated Burden Hours Per Respondent: 16 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 387,501 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,
Treasury PRA Clearance Officer.
[FR Doc. 03-16120 Filed 6-25-03; 8:45 am]
BILLING CODE 4830-01-P