[Federal Register Volume 68, Number 243 (Thursday, December 18, 2003)]
[Notices]
[Pages 70581-70582]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-31205]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

December 8, 2003.
    The Department of the 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 January 20, 
2004 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0236.
    Form Number: IRS Form 11-C.
    Type of Review: Extension.
    Title: Occupational Tax and Registration Return for Wagering.
    Description: Form 11-C is used to register persons accepting wagers 
(Internal Revenue Code section 4412). IRS uses this form to register 
the respondent, collect the annual stamp tax (Internal Revenue Code 
section 4411), and to verify that the tax on wagers is reported on Form 
730.
    Respondents: Business or other for-profit, individuals or 
households, farms.
    Estimated Number of Respondents/Recordkeeping: 11,500.
    Estimated Burden Hours Respondent/Recordkeeper:

------------------------------------------------------------------------
 
------------------------------------------------------------------------
Recordkeeping....................  8 hr., 35 min.
Learning about the law or the      57 min.
 form.
Preparing the form...............  11 min. 2 hr., 4 min.
Copying, assembling, and sending   16 min.
 the form to the IRS.
------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 126,175 hours.
    OMB Number: 1545-1130.
    Form Number: IRS Form 8816.
    Type of Review: Revision.
    Title: Special Loss Discount Account and Special Estimated Tax 
Payment for Insurance Companies.
    Description: Form 8816 is used by insurance companies claiming an 
additional deduction under Internal Revenue Code (IRC) section 847 to 
reconcile their special loss discount and special estimated tax 
payments, and to determine their tax benefit associated with the 
deduction. The information is needed by the IRS to determine that the 
proper additional deduction was claimed and to insure the proper amount 
of special estimated tax was computed and deposited.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 3,000.
    Estimated Burden Hours Respondent/Recordkeeper:

------------------------------------------------------------------------
 
------------------------------------------------------------------------
Recordkeeping....................  4 hr., 18 min.
Learning about the law or the      1 hr., 5 min.
 form.
Preparing, copying, assembling,    1 hr., 12 min.
 and sending the form to the IRS.
------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 19,830 hours.
    OMB Number: 1545-1151.
    Form Number: IRS Form 8818.
    Type of Review: Extension.
    Title: Optional Form to Record Redemption of Series EE and I U.S. 
Savings Bonds Issued After 1989.
    Description: Under Internal Revenue Code section 135, if an 
individual redeems U.S. Savings Bonds issued after 1989 and pays 
qualified higher education expenses during the year, the interest on 
the bonds is excludable from income. Form 8818 can be used to keep a 
record of the bonds cashed so that the taxpayer can claim the proper 
interest exclusion.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 25,000.
    Estimated Burden Hours Respondent/Recordkeeper:

------------------------------------------------------------------------
 
------------------------------------------------------------------------
Recordkeeping....................  13 min.
Learning about the law or the      4 min.
 form.
Preparing the form...............  13 min.
------------------------------------------------------------------------


[[Page 70582]]

    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 32,000 hours.
    Clearance Officer: R. Joseph Durbala, (202) 622-3634, Internal 
Revenue Service, Room 6411, 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. 03-31205 Filed 12-17-03; 8:45 am]
BILLING CODE 4830-01-P