[Federal Register Volume 69, Number 89 (Friday, May 7, 2004)]
[Notices]
[Pages 25669-25670]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-10413]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

April 27, 2004.
    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 June 7, 2004 to 
be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-0170.
    Form Number: IRS Form 4466.
    Type of Review: Extension.
    Title: Corporation application for Quick Refund of Overpayment of 
Estimated Tax.
    Description: Form 4466 is used by a corporation to file for an 
adjustment (quick refund) of overpayment of estimated income tax return 
for the tax year. This information is used to process the claim, so the 
refund can be issued.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 16,125.
    Estimated Burden Hours Respondent/Recordkeeper
     Recordkeeping--4 hr., 4 min.
     Learning about the law or the form--18 min.
     Preparing, copying, and sending the form to the IRS--22 min.
    Frequency of response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 76,433 hours.

    OMB Number: 1545-0213.
    Form Number: IRS Form 5578.
    Type of Review: Extension.
    Title: Annual Certification of Racial Nondiscrimination for a 
Private School Exempt from Federal Income Tax.
    Description: Form 5578 is used by private schools that do not file 
Schedule A (Form 990) to certify that they have a racially 
nondiscriminatory policy toward students as outlined in Revenue 
Procedure 75-50. The Internal Revenue Service uses the information to 
help ensure that the school is maintaining a nondiscriminatory policy 
in keeping with its exempt status.

[[Page 25670]]

    Respondents: Not-for-profit institutions.
    Estimated Number of Respondents/Recordkeepers: 1,000.
    Estimated Burden Hours Respondent/Recordkeeper:
     Recordkeeping--2 hr., 52 min.
     Learning about the law or the form--24 min.
     Preparing and sending the form to the IRS--27 min.
    Frequency of response: Annually.

    Estimated Total Reporting/Recordkeeping Burden: 3,730 hours.

    OMB Number: 1545-1308.
    Regulation Project Number: PS-260-82 Final.
    Type of Review: Extension.
    Title: Election, Revocation, Termination, and Tax Effect of 
Subchapter S Status.
    Description: Sections 1-1362 through 1.1362-7 of the Income Tax 
Regulations provide the specific procedures and requirements necessary 
to implement section 1362, including the filing of various elections 
and statements with the Internal Revenue Service.
    Respondents: Individuals or households, business or other for-
profit, farms.
    Estimated Number of Respondents/Recordkeepers: 133.
    Estimated Burden Hours Respondent/Recordkeeper: 2 hours, 25 
minutes.
    Frequency of response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 322 hours.

    OMB Number: 1545-1461.
    Regulation Project Number: INTL-24-94 Final.
    Type of Review: Extension.
    Title: Taxpayer Identifying Numbers (TINs).
    Description: This regulation relates to requirements for furnishing 
a taxpayer identifying number on returns, statements, or other 
documents. Procedures are provided for requesting a taxpayer 
identifying number for certain alien individuals for whom a social 
security number is not available. The regulation also requires foreign 
persons to furnish a taxpayer identifying number on their tax returns.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 1.
    Estimated Burden Hours Respondent/Recordkeeper: 1 hour.
    Frequency of response: On occasion, annually.
    Estimated Total Reporting/Recordkeeping Burden: 1 hour.

    OMB Number: 1545-1599.
    Regulation Project Number: REG-208299-90 NPRM.
    Type of Review: Extension.
    Title: Allocation and Sourcing of Income and Deductions Among 
Taxpayers Engaged in a Global Dealing Operation.
    Description: The information requested in sections 1.475(g)-2(b), 
1.482-8(b)(3), (c)(3), (e)(5), (e)(6), (d)(3), and 1.863-3(h) is 
necessary for the Service to determine whether the taxpayer has entered 
into controlled transactions at an arm's length price.
    Respondents: Business or other for-profit.
    Estimated Number of Recordkeepers: 500.
    Estimated Burden Hours Recordkeeper: 40 hours.
    Estimated Total Recordkeeping Burden: 20,000 hours.
    OMB Number: 1545-1859.
    Notice Number: Notice 2004-11.
    Type of Review: Extension.
    Title: Research Credit Record Retention Agreements.
    Description: The notice announces a pilot program in which the 
Internal Revenue Service and large and mid-size business taxpayers may 
enter into research credit recordkeeping agreements (RCRAs). If the 
taxpayer complies with the terms of RCRA, the Service will deem the 
taxpayer to satisfy the recordkeeping requirements of section 6001 for 
purposes of the credit for increasing research activities under section 
41 of the Internal Revenue Code.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 65.
    Estimated Burden Hours Respondent: 18 hours.
    Frequency of response: On occasion.
    Estimated Total Reporting Burden: 1,170 hours.

    OMB Number: 1545-1875.
    Revenue Procedure Number: Revenue Procedure 2004-12.
    Type of Review: Extension.
    Title: Health Insurance Costs of Eligible Individuals.
    Description: Revenue Procedure 2004-12 informs states how to elect 
a health program to be qualified health insurance for the purposes of 
the health coverage tax credit (HCTC) under section 35 of the Internal 
Revenue Code. The collection of information is voluntary. However, if a 
state does not make an election, eligible residents of the state may be 
impeded in their efforts to claim the HCTC.
    Respondents: State, Local or Tribal Government.
    Estimated Number of Respondents: 51.
    Estimated Burden Hours Respondent: 30 minutes.
    Frequency of response: Other (one-time election).
    Estimated Total Reporting Burden: 26 hours.

    OMB Number: 1545-1877.
    Revenue Procedure Number: Revenue Procedure 2004-18.
    Type of Review: Extension.
    Title: Average Area Purchase Price Safe Harbors and Nationwide 
Purchase Prices under section 143.
    Description: Revenue Procedure 2004-18 provides issuers of 
qualified mortgage bonds, as defined in section 143(a) of the Internal 
Revenue Code, and issuers of mortgage credit certificates, as defined 
in section 25(c), with (1) nationwide average purchase prices for 
residences located in the United States, and (2) average area purchase 
price safe harbors for residences located in statistical areas in each 
state, the District of Columbia, Puerto Rico, the Northern Mariana 
Islands, American Samoa, the Virgin Islands, and Guam.
    Respondents: State, Local or Tribal Government.
    Estimated Number of Recordkeepers: 60.
    Estimated Burden Hours Recordkeeper: 15 minutes.
    Estimated Total Recordkeeping Burden: 15 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. 04-10413 Filed 5-6-04; 8:45 am]
BILLING CODE 4830-01-P