[Federal Register Volume 69, Number 80 (Monday, April 26, 2004)]
[Notices]
[Pages 22596-22597]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-9354]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

April 15, 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 26, 2004, 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0041.
    Form Number: IRS Form 966.
    Type of Review: Revision.
    Title: Corporate Dissolution or Liquidation.
    Description: Form 966 is filed by a corporation whose shareholders 
have agreed to liquidate the corporation. As a result of the 
liquidation, the shareholders receive the property of the corporation 
in exchange for their stock. The IRS uses Form 966 to determine if the 
liquidation election was properly made and if any taxes are due on the 
transfer of property.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 26,000.
    Estimated Burden Hours Respondent/Recordkeeper:

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Recordkeeping..........................  5 hr., 1 min.
Learning about the law or the form.....  30 min.
Preparing and sending the form to the    36 min.
 IRS.
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    Frequency of response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 159,120 hours.
    OMB Number: 1545-0134.
    Form Number: IRS Form 1128.
    Type of Review: Extension.
    Title: Application to Adopt, Change, or Retain a Tax Year.
    Description: Form 1128 is needed in order to process taxpayers' 
requests to change their tax year. All information requested is used to 
determine whether the application should be approved. Respondents are 
taxable and nontaxable entities including individuals, partnerships, 
corporations, estates, tax-exempt organizations and cooperatives.
    Respondents: Business or other for-profit, individuals or 
households, not-for-profit institutions, farms.
    Estimated Number of Respondents/Recordkeepers: 11,800.
    Estimated Burden Hours Respondent/Recordkeeper:

[[Page 22597]]



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                                                               Learning about the law     Preparing and sending
                                         Recordkeeping               or the form           the form to the IRS
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Parts I and II (Form 1128).......  8 hr., 36 min............  5 hr., 51 min...........  6 hr., 15 min.
Parts I and III (Form 1128)......  22 hr., 14 min...........  5 hr., 37 min...........  7 hr., 26 min.
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    Frequency of response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 350,544 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. 04-9354 Filed 4-23-04; 8:45 am]
BILLING CODE 4830-01-P