[Federal Register Volume 68, Number 126 (Tuesday, July 1, 2003)]
[Notices]
[Pages 39233-39234]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-16603]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8613

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Form 8613, Return of Excise Tax on Undistributed Income of Regulated 
Investment Companies.

DATES: Written comments should be received on or before September 2, 
2003 to be assured of consideration.

ADDRESSES: Direct all written comments to Glenn Kirkland, Internal 
Revenue Service, room 6411, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Allan Hopkins 
at (202) 622-6665, Internal Revenue Service, room 6407, 1111 
Constitution Avenue NW., Washington, DC 20224 or through the Internet 
at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Return of Excise Tax on Undistributed Income of Regulated 
Investment Companies.
    OMB Number: 1545-1016.
    Form Number: 8613.
    Abstract: Form 8613 is used by regulated investment companies to 
compute and pay the excise tax on undistributed income imposed under 
Internal Revenue Code section 4982. IRS uses the information to verify 
that the correct amount of tax has been reported.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business of other for-profit organizations.
    Estimated Number of Respondents: 1,500
    Estimated Time Per Respondent: 11 hr., 53 min.
    Estimated Total Annual Burden Hours: 17,820.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.
    Request for Comments: Comments submitted in response to this notice 
will be summarized and/or included in the

[[Page 39234]]

request for OMB approval. All comments will become a matter of public 
record. Comments are invited on: (a) Whether the collection of 
information is necessary for the proper performance of the functions of 
the agency, including whether the information shall have practical 
utility; (b) the accuracy of the agency's estimate of the burden of the 
collection of information; (c) ways to enhance the quality, utility, 
and clarity of the information to be collected; (d) ways to minimize 
the burden of the collection of information on respondents, including 
through the use of automated collection techniques or other forms of 
information technology; and (e) estimates of capital or start-up costs 
and costs of operation, maintenance, and purchase of services to 
provide information.

    Approved: June 17, 2003.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. 03-16603 Filed 6-30-03; 8:45 am]
BILLING CODE 4830-01-P