[Federal Register Volume 69, Number 176 (Monday, September 13, 2004)]
[Notices]
[Pages 55211-55212]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-20582]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

August 30, 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 October 13, 
2004 to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1032.
    Form Number: IRS Form 8869.
    Type of Review: Revision.
    Title: Allocation of Individual Income Tax to the Virgin Islands.
    Description: Form 8869 is used by U.S. citizens or residents as an 
attachment to Form 1040 when they have Virgin Islands source income. 
The data is used by IRS to verify the amount claimed on Form 1040 for 
taxes paid to the Virgin Islands.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 800.

[[Page 55212]]

    Estimated Burden Hours Respondent/Recordkeeper:

Recordkeeping--2 hr., 43 min.
Learning about the law or the form--18 min.
Preparing the form--1 hr., 4 min.
Copying, assembling, and sending the form to the IRS--20 min.
    Frequency of response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 3,600 hours.

    OMB Number: 1545-1102.
    Regulation Project Number: PS-19-92 Final.
    Type of Review: Extension.
    Title: Carryover Allocations and Other Rules Relating to the Low-
Income Housing Credit.
    Description: The regulations provide the Service the information it 
needs to ensure that low-income housing tax credits are being properly 
allocated under section 42. This is accomplished through the use of 
carryover allocation documents, election statements, and binding 
agreements executed between taxpayers (e.g., individuals, businesses, 
etc.) and housing credit agencies.
    Respondents: Business or other for-profit, Farms, Individuals or 
households, Not-for-profit institutions, State, local or tribal 
government.
    Estimated Number of Respondents/Recordkeepers: 2,230.
    Estimated Burden Hours Respondent/Recordkeeper: 1 hr., 48 min.
    Frequency of response: Other (one time).
    Estimated Total Reporting/Recordkeeping Burden: 4,008 hours.

    OMB Number: 1545-1148.
    Regulation Project Number: EE-113-90 (TD 8324) Final and Temporary.
    Type of Review: Extension.
    Title: Employee Business Expense-Reporting and Withholding Employee 
Business Expense Reimbursements and Allowances.
    Description: These temporary and final regulations provide rules 
concerning the taxation of, and reporting and withholding on, employee 
business expense reimbursements and other expenses allowance 
arrangements.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions, Not-for-profit institutions, 
Farms, Federal Government, State, local or tribal government.
    Estimated Number of Recordkeepers: 1,419,456.
    Estimated Burden Hours Recordkeeper: 30 minutes.
    Estimated Total Recordkeeping Burden: 709,728 hours.

    OMB Number: 1545-1357.
    Regulatory Project Numbers: PS-78-91 Final, PS-50-92 Final and REG-
114664-97 Final.
    Type of Review: Extension.
    Title: PS-78-91 Final: Procedure for Monitoring Compliance with 
Low-Income Housing Credit Requirements; PS-50-92 Final: Rules to Carry 
Out the Purposes of Section 42 and for Correcting Administrative Errors 
and Omissions; and REG-114664-97 Final: Compliance Monitoring and 
Miscellaneous Issues Relating to the Low-Income Housing Credit.
    Description: PS-78-91 The regulations require State allocation 
plans to provide a procedure for State and local housing credit 
agencies to monitor for compliance with the requirements of section 42 
and report any noncompliance to the IRS. PS-50-92 These regulations 
concern the Secretary's authority to provide guidance under section 42, 
and provide for the correction of administrative errors and omissions 
related to the allocation of low-income housing credit dollar amounts 
and recordkeeping. REG-114664-97 The regulations amend the procedures 
for State and local housing credit agencies' compliance monitoring and 
the rules for State and local housing credit agencies' correction of 
administrative errors and omissions.
    Respondents: Business or other for-profit, Individuals or 
households, Not-for-profit institutions, State, local or tribal 
government.
    Estimated Number of Respondents/Recordkeepers: 22,055.
    Estimated Burden Hours Respondent/Recordkeeper: 4 hours, 45 
minutes.
    Frequency of response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 104,899 hours.

    OMB Number: 1545-1397.
    Form Number: IRS Form 8453-OL.
    Type of Review: Extension.
    Title: U.S. Individual Income Tax Declaration for an IRS e-file 
Online Return.
    Description: This form is used to secure taxpayer signatures and 
declarations in conjunction with the Online Electronic Filing program. 
This form, together with electronic transmission, comprises the 
taxpayer's return.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 50,000.
    Estimated Burden Hours Respondent/Recordkeeper: 15 minutes.
    Frequency of response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 12,500 hours.

    OMB Number: 1545-1575.
    Regulation Project Number: REG-116608-97 Final.
    Type of Review: Extension.
    Title: Eligibility Requirements after Denial of the Earned Income 
Credit.
    Description: This information is to provide guidance to taxpayers 
who have been denied the earned income credit (EIC).
    Respondents: Individuals or households.
    Estimated Number of Respondents: 1.
    Estimated Burden Hours Respondent: 1 hour.
    Frequency of response: Other (once).
    Estimated Total Reporting Burden: 1 hour.
    Clearance Officer: Paul H. Finger, (202) 622-4078, Internal Revenue 
Service, Room 6516, 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. 04-20582 Filed 9-10-04; 8:45 am]
BILLING CODE 4830-01-P