[Federal Register Volume 69, Number 40 (Monday, March 1, 2004)]
[Notices]
[Pages 9676-9677]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-4453]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

February 23, 2004.
    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 March 31, 2004 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0044.
    Form Number: IRS Form 973.
    Type of Review: Extension.
    Title: Corporation Claim for Deduction for Consent Dividends.
    Description: Corporations file Form 973 to claim a deduction for 
dividends paid. If shareholders consent and IRS approves, the 
corporation may claim a deduction for dividends paid, which reduces the 
corporation's tax liability. IRS uses Form 973 to determine if 
shareholders have included the dividend in gross income.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 500.
    Estimated Burden Hours Respondent/Recordkeeper:

Recordkeeping--3 hr., 21 min.
Learning about the law or the form--30 min.
Preparing and sending the form to the IRS--34 min.

    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 2,210 hours.
    OMB Number: 1545-0045.
    Form Number: IRS Form 976.
    Type of Review: Extension.
    Title: Claim for Deficiency Dividends Deductions by a Personal 
Holding Company, Regulated Investment Company, or Real Estate 
Investment Trust.
    Description: Form 976 is filed by corporations that wish to claim a 
deficiency dividend deduction. The deduction allows the corporation to 
eliminate all or a portion of a tax deficiency. The IRS uses Form 976 
to determine if shareholders have included amounts in gross income.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 500.
    Estimated Burden Hours Respondent/Recordkeeper:

Recordkeeping--5 hr., 44 min.
Learning about the law or the form--53 min.
Preparing, copying, assembling, and sending the form to the IRS--1 hr., 
1 min.

    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 3,830 hours.
    OMB Number: 1545-0073.
    Form Number: IRS Form 1310.
    Type of Review: Extension.
    Title: Statement of Person Claiming Refund Due a Deceased Taxpayer.
    Description: Form 1310 is used by a claimant to secure payment of a 
refund on behalf of a deceased taxpayer. The information enables IRS to 
send the refund to the correct person.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 7,500.
    Estimated Burden Hours Respondent/Recordkeeper:

Recordkeeping--6 min.
Learning about the law or the form--3 min.
Preparing the form--15 min.
Copying, assembling, and sending the form to the IRS--16 min.

    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 5,250 hours.
    OMB Number: 1545-0746.
    Regulation Project Number: LR-100-78 Final.
    Type of Review: Extension.
    Title: Creditability of Foreign Taxes.
    Description: The information needed is a statement by the taxpayer 
that it has elected to apply the safe harbor formula of section 1.901-
2A(e) of the foreign tax credit regulations. This statement is 
necessary in order that the IRS may properly determine the taxpayer's 
tax liability.
    Respondents: Business or other for-profit, Individuals or 
households, Farms.
    Estimated Number of Respondents: 110.
    Estimated Burden Hours Respondent: 3 hours.
    Frequency of Response: Other (non-recurring).
    Estimated Total Reporting Burden: 37 hours.
    OMB Number: 1545-1455.
    Regulation Project Number: PS-80-93 Final.

[[Page 9677]]

    Type of Review: Extension.
    Title: Rules for Certain Rental Real Estate Activities.
    Description: The regulation provides rules relating to the 
treatment of rental real estate activities of certain taxpayers under 
the passive activity loss and credit limitations of Internal Revenue 
Code section 469.
    Respondents: Individuals or households, Business or other for-
profit.
    Estimated Number of Respondents: 20,100.
    Estimated Burden Hours Respondent: 9 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 3,015 hours.
    Clearance Officer: Glenn P. 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. 04-4453 Filed 2-27-04; 8:45 am]
BILLING CODE 4830-01-P