[Federal Register Volume 68, Number 165 (Tuesday, August 26, 2003)]
[Notices]
[Pages 51327-51328]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-21802]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

August 18, 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 September 22, 
2003 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0087.
    Form Number: 1040-ES, 1040-ES (NR), and 1040-ES(Espanol).
    Type of Review: Extension.
    Title: Form 1040-ES: Estimated Tax for Individuals;
    Form 1040-ES (NR): U.S. Estimated Tax for Nonresident Alien 
Individuals;
    Form 1040-ES (Espanol): Contribuciones Federales Estimadas Del 
Trabajo Por Cuenta Propia Y Sobre El Empleo de Empleados Domesticos--
Puerto Rico.
    Description: Form 1040-ES is used by individuals (including self-
employed) to make estimated tax payments if their estimated tax due is 
$500 or more. IRS uses the data to credit taxpayers' accounts and to 
determine if estimated tax has been properly computed and timely paid.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 14,563,250.
    Estimated Burden Hours Respondent/Recordkeeper:

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                                                                                                   Copying,
                                                                            Prepearing the      assembling, and
              Form                   Recordkeeping    Learning about the    worksheets and        sending the
                                                              law          payment vouchers   payment voucher to
                                                                                                    the IRS
----------------------------------------------------------------------------------------------------------------
1040-ES.........................  52 min............  28 min............  48 min............  10 min.
1040-ES (NR)....................  39 min............  18 min............  49 min............  10 min.
1040-ES (Espanol)...............  6 min.............  17 min............  30 min............  10 min.
----------------------------------------------------------------------------------------------------------------

    Frequency of Response: Quarterly.
    Estimated Total Reporting/Recordkeeping Burden: 94,591,282 hours.

    OMB Number: 1545-0175.
    Form Number: IRS Form 4626.
    Type of Review: Revision.
    Title: Alternative Minimum Tax--Corporations.
    Description: Form 4626 is used by corporations to calculate their 
alternative minimum tax.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 60,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

------------------------------------------------------------------------
 
------------------------------------------------------------------------
Recordkeeping.............................  17 hr., 13 min.
Learning about the law or the form........  12 hr., 36 min.
Preparing and sending the form to the IRS.  13 hr., 27 min.
------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 2,596,800 hours.

    OMB Number: 1545-0938.
    Form Number: IRS Form 1120-IC-DISC and Schedules.
    Type of Review: Extension.
    Title: 1120-IC-DISC: Interest Charge Domestic International Sales 
Corporation Return;
    Schedule K (Form 1120-IC-DISC): Shareholder's Statement of IC-DISC 
Distributions; and
    Schedule P (Form 1120-IC-DISC): Intercompany Transfer Price or 
Commission.
    Description: U.S. corporations that have elected to be an interest 
charge domestic international sales corporation (IC-DISC) file Form 
1120-IC-DISC to report their income and deductions. The IC-DISC is not 
taxed, but IC-DISC shareholders are taxed on their share of IC-DISC 
income. IRS uses Form 1120-IC-DISC to check the IC-DISC's computation 
of income. Schedule K (Form 1120-IC-DISC) is used to report income to 
shareholders. Schedule P (Form 1120-IC-DISC) is used by the IC-DISC to 
report its dealings with related suppliers, etc.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 1,200.
    Estimated Burden Hours Per Respondent/Recordkeeper:

----------------------------------------------------------------------------------------------------------------
                                                                                                   Copying,
                                                      Learning about the                        assembling, and
              Form                   Recordkeeping      law or the form   Preparing the form   sending the form
                                                                                                  to the IRS
----------------------------------------------------------------------------------------------------------------
1120-IC-DISC....................  94 hr., 56 min....  20 hr., 0 min.....  30 hr., 48 min....  2 hr., 24 min.
Schedule K......................  4 hr., 4 min......  18 min............  22 min............  ..................
Schedule P......................  12 hr., 40 min....  1 hr., 29 min.....  1 hr., 48 min.....  ..................
----------------------------------------------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 229,676 hours.
    OMB Number: 1545-0976.
    Form Number: IRS Form 990-W.
    Type of Review: Extension.
    Title: Estimated Tax on Unrelated Business Taxable Income for Tax-
Exempt Organizations.
    Description: Form 990-W is used by tax-exempt trusts and tax-exempt 
corporations to figure estimated tax liability on unrelated business 
income and on investment income for private

[[Page 51328]]

foundations and the amount of each installment payment. Form 990-W is a 
worksheet only. It is not required to be filed.
    Respondents: Not-for-profit institutions, Business of other for-
profit.
    Estimated Number of Respondents/Recordkeepers: 27,265.
    Estimated Burden Hours Respondent/Recordkeeper:

----------------------------------------------------------------------------------------------------------------
                                                                 Learning about the law
                 Form                       Recordkeeping             or the form           Preparing the form
----------------------------------------------------------------------------------------------------------------
Form 990-W...........................  10 hr., 2 min..........  1 hr., 40 min..........  1 hr., 55 min.
Form 990-W, Schedule A (Pt. I).......  11 hr., 14 min.........  42 min.................  54 min.
Form 990-W, Schedule A (Pt. II)......  23 hr., 26 min.........  12 min.................  35 min.
Form 990-W, Schedule A (Pt. III).....  4 hr., 32 min..........  .......................  4 min.
----------------------------------------------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 387,392 hours.

    OMB Number: 1545-0991.
    Form Number: IRS Form 8633.
    Type of Review: Extension.
    Title: Application to Participate in the IRS e-file Program.
    Description: Form 8633 is used by tax preparers, electronic return 
collectors, software firms, service bureaus and electronic 
transmitters, as an application to participate in the electronic filing 
program covering individual income tax returns.
    Respondents: Business of other for-profit, Not-for-profit 
institutions.
    Estimated Number of Respondents: 50,000.
    Estimated Burden Hours Respondent: 1 hour.
    Estimated Total Reporting Burden: 50,000 hours.

    OMB Number: 1545-1561.
    Form Number: IRS Form 8853.
    Type of Review: Extension.
    Title: Archer MSAs and Long-Term Care Insurance Contracts.
    Description: This form is used by individuals to report general 
information about their medical savings accounts (MSAs), to figure 
their MSA deductions, and to figure their taxable distributions from 
MSAs. The form is also used to report taxable payments from long-term 
care (LTC) contracts.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 56,000.
    Estimated Burden Hours Respondent/Recordkeeper:

------------------------------------------------------------------------
 
------------------------------------------------------------------------
Recordkeeping.............................  1 hr., 31 min.
Learning about the law or the form........  34 min.
Preparing the form........................  1 hr., 42 min.
Copying, assembling, and sending the form   46 min.
 to the IRS.
------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 100,795 hours.

    OMB Number: 1545-1690.
    Notice Number: Notice 2000-28.
    Type of Review: Extension.
    Title: Coal Exports.
    Description: Notice 2000-28 provides guidance relating to the coal 
excise tax imposed by section 4121 of the Internal Revenue Code. The 
notice provides rules under the Code for making a nontaxable sale of 
coal for export or for obtaining a credit or refund when tax has been 
with respect to a nontaxable sale of coal for export.
    Respondents: Business of other for-profit.
    Estimated Number of Respondents/Recordkeeper: 400.
    Estimated Burden Hours Respondent/Recordkeeper: 1 hour.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 400 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. 03-21802 Filed 8-25-03; 8:45 am]
BILLING CODE 4830-01-P