[Federal Register Volume 69, Number 126 (Thursday, July 1, 2004)]
[Notices]
[Pages 39998-39999]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-14972]


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DEPARTMENT OF THE TREASURY

Submission for OMB Review; Comment Request




June 22, 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 August 2, 2004 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1622.
    Form Number: IRS Form 8866.
    Type of Review: Revision.
    Title: Interest Computation under the Look-Back Method for Property 
Depreciated Under the Income Forecast Method.
    Description: Taxpayers depreciating property under the income 
forecast method and placed in service after September 13, 1995, must 
use Form 8866 to compute and report interest due or to be refunded 
under Internal Revenue Code (IRC) 167(g)(2). The IRS uses Form 8866 to 
determine if the interest has been figured correctly.
    Respondents: Individuals or households, Business or other for-
profit.
    Estimated Number of Respondents/Recordkeepers: 5,000.
    Estimated Burden Hours Respondent/Recordkeeper:

Recordkeeping--10 hrs., 45 min.
Learning about the law or the form--1 hr., 12 min.
Preparing, copying, assembling, and sending the form to the IRS--1 hr., 
25 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 66,850 hours.


[[Page 39999]]


    OMB Number: 1545-1882.
    Announcement Number: Announcement 2004-38.
    Type of Review: Extension.
    Title: Election of Alternative Deficit Reduction Contribution.
    Description: This announcement describes the election that must be 
made in order for certain employers to take advantage of the 
alternative deficit reduction contribution in section 102 of H.R. 3108.
    Respondents: Business or other for-profit, Individuals or 
households.
    Estimated Number of Respondents/Recordkeepers: 200.
    Estimated Burden Hours Respondent/Recordkeeper: 4 hours.
    Frequency of response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 800 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. 04-14972 Filed 6-30-04; 8:45 am]
BILLING CODE 4830-01-P