[Federal Register Volume 69, Number 99 (Friday, May 21, 2004)]
[Notices]
[Pages 29348-29349]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-11494]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

May 13, 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 21, 2004 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1013.
    Form Number: IRS Form 8612.
    Type of Review: Extension.
    Title: Return of Excise Tax on Undistributed Income of Real Estate 
Investment Trusts.
    Description: Form 8612 is used by real estate investment trusts to 
compute and pay the excise tax on undistributed income imposed under 
section 4981. IRS uses the information to verify that the correct 
amount of tax has been reported.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeeping: 20.
    Estimated Burden Hours Respondent/Recordkeepers:
     Recordkeeping--6 hr., 13 min.
     Learning about the law or the form--1 hr., 40 min.
     Preparing and sending the form to the IRS--1 hr., 52 min.
    Frequency of response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 196 hours.
    OMB Number: 1545-1338.
    Regulation Project Number: PS-103-90 Final.
    Type of Review: Extension.
    Title: Election Out of Subchapter K for Producers of Natural Gas.
    Description: Under section 1.761-2(d)(5)(i), gas producers subject 
to gas balancing agreements on the regulation's effective date are to 
file Form 3115 and certain additional information to obtain the 
Commissioner's consent to a change in method of accounting to either of 
the two new permissible accounting methods in the regulations.

[[Page 29349]]

    Respondents: Business or other for-profit, individuals or 
households.
    Estimated Number of Respondents: 10.
    Estimated Burden Hours Respondent: 30 minutes.
    Frequency of response: On occasion, Other (one-time only).
    Estimated Total Reporting Burden: 5 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. 04-11494 Filed 5-20-04; 8:45 am]
BILLING CODE 4830-01-P