[Federal Register Volume 69, Number 76 (Tuesday, April 20, 2004)]
[Notices]
[Pages 21191-21192]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-8887]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

April 13, 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 May 20, 2004, 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0927.
    Form Number: IRS Form 8390.
    Type of Review: Extension.
    Title: Information Return for Determination of Life Insurance 
Company Earnings Rate Under Section 809.
    Description: Life insurance companies are required to provide data 
so the Secretary of the Treasury can compute the (1) stock earnings 
rate of the 50 largest companies; and (2) average mutual earnings rate. 
These factors are used to compute the differential earnings rate which 
will determine the tax liability for mutual life insurance companies.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 300.
    Estimated Burden Hours Respondent/Recordkeeper:


------------------------------------------------------------------------
 
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Recordkeeping.......................................     58 hr., 35 min.
Learning about the law or the form..................      2 hr., 28 min.
Preparing and sending the form to the IRS...........      3 hr., 33 min.
------------------------------------------------------------------------


    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 19,386 hours.

    OMB Number: 1545-1296.
    Regulation Project Number: PS-27-91 Final.
    Type of Review: Extension.
    Title: Procedural Rules for Excise Taxes Currently Reportable on 
Form 720.
    Description: Section 6302(c) authorizes the use of Government 
depositaries. These regulations provide reporting and recordkeeping 
rules relating to the use of Government depositaries for taxes imposed 
by chapter 33 of the Code.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 9,000.
    Estimated Burden Hours Respondent/Recordkeeper: 22 minutes.
    Frequency of Response: On occasion, Quarterly.
    Estimated Total Reporting/Recordkeeping Burden: 241,850 hours.

    OMB Number: 1545-1577.
    Regulation Project Number: REG-109704-97 NPRM.
    Type of Review: Extension.
    Title: HIPAA Mental Health Parity Act; (Temporary) Interim Rules 
for Mental Health Parity.
    Description: The regulations provide guidance for group health 
plans with mental benefits about requirements relating to parity in the 
dollar limits imposed on mental health benefits and medical/surgical 
benefits.
    Respondents: Business or other for-profit, Not-for-profit 
institutions.
    Estimated Number of Respondents/Recordkeepers: 7,053.
    Estimated Burden Hours Respondent/Recordkeeper: 28 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 3,280 hours.

    OMB Number: 1545-1592.
    Revenue Procedure Number: Revenue Procedure 98-20.
    Type of Review: Extension.
    Title: Certification for No Information Reporting on the Sale of a 
Principal Residence.
    Description: The revenue procedure applies only to the sale of a 
principal residence for $250,000 or less ($500,000 or less if the 
seller is married). The revenue procedure provides the written 
assurances that are acceptable to the Service for exempting a real 
estate reporting person from information reporting requirements for the 
sale of a principal residence.
    Respondents: Individuals or households, Business or other for-
profit.
    Estimated Number of Respondents/Recordkeepers: 2,390,000.
    Estimated Burden Hours Respondent/Recordkeeper: 10 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 420,500 hours.

    OMB Number: 1545-1595.
    Revenue Procedure Number: Revenue Procedure 98-25.
    Type of Review: Extension.
    Title: Automatic Data Processing.

[[Page 21192]]

    Description: Revenue Procedure 98-25 specifies the basic 
requirements that the IRS considers to be essential in cases where a 
taxpayer's records are maintained within an Automatic Data Processing 
System (ADP). If machine-sensible records are lost, stolen, destroyed, 
or materially inaccurate, the Revenue Procedure requires that a 
taxpayer promptly notify its District Director and submit a plan to 
replace the affected records. The District Director will notify the 
taxpayer of any objection(s) to the taxpayer's plan. Also, the Revenue 
Procedure provides that a taxpayer who maintains machine-sensible 
records may request to enter into a Record Retention Limitation 
Agreement (RRLA) with its District Director. The taxpayer's request 
must identify and describe those records the taxpayer proposes not to 
retain and explain why those records will not become material to the 
administration of any Internal Revenue law. The District Director will 
notify the taxpayer whether or not the District Director will enter 
into a RRLA. Finally, Revenue Procedure 98-25 provides that the 
District Director may conduct an evaluation of a taxpayer's machine-
sensible records and may initiate testing to establish the 
authenticity, readability, completeness, and integrity of such records.
    Respondents: Business of other for-profit, Individuals or 
households, Not-for-profit institutions, Farms, Federal Government, 
State, local or tribal government.
    Estimated Number of Respondents/Recordkeepers: 3,000.
    Estimated Burden Hours Respondent/Recordkeeper: 40 hours.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 120.000 hours.

    OMB Number: 1545-1708.
    Publication Number: Publication 1345.
    Type of Review: Revision.
    Title: Handbook for Authorized IRS e-file Providers.
    Description: Publication 1345 informs those who participate in the 
IRS e-file Program for Individual Income Tax Returns of their 
obligations to the Internal Revenue Service, taxpayers, and other 
participants.
    Respondents: Business of other for-profit.
    Estimated Number of Respondents/Recordkeepers: 145,000.
    Estimated Burden Hours Respondent/Recordkeeper: 25 hours, 5 
minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 3,636,463 hours.

    OMB Number: 1545-1873.
    Revenue Procedure Number: Revenue Procedure 2004-15.
    Type of Review: Extension.
    Title: Waivers of Minimum Funding Standards.
    Description: This revenue procedure describes the process for 
obtaining a waiver from the minimum funding standards set forth in 
section 412 of the Code.
    Respondents: Business or other for-profit, Not-for-profit 
institutions, Farms, State, local or tribal government.
    Estimated Number of Respondents: 55.
    Estimated Burden Hours Respondent: 86 hours.
    Frequency of Response: Other (one response).
    Estimated Total Reporting Burden: 4,730 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. 04-8887 Filed 4-19-04; 8:45 am]
BILLING CODE 4830-01-P