[Federal Register Volume 69, Number 22 (Tuesday, February 3, 2004)]
[Notices]
[Pages 5243-5244]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-2142]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

January 22, 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, Pub. L. 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 March 4, 2004.

Internal Revenue Service (IRS)

    OMB Number: 1545-0007.
    Form Number: IRS Form T.
    Type of Review: Extension.
    Title: Forest Activities Schedule.
    Description: Form T is filed by individuals and corporations to 
report income and deductions from the timber business. The IRS uses 
Form T to determine if the correct amount of income and deduction are 
reported.
    Respondents: Business or other for-profit, individuals or 
households.
    Estimated Number of Respondents/Recordkeepers: 37,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

------------------------------------------------------------------------
 
------------------------------------------------------------------------
Recordkeeping...........................  32 hr., 45 min.
Learning about the law or the form......  42 min.
Preparing and sending the form to the     1 hr., 15 min.
 IRS.
------------------------------------------------------------------------

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 1,284,640 hours.

    OMB Number: 1545-0742.
    Regulation Project Number: EE-111-80 Final.
    Type of Review: Extension.
    Title: Public Inspection of Exempt Organizations Return.
    Description: Section 6104(b) authorizes the Service to make 
available to the public the return required to be filed by exempt 
organizations. The information requested in Treasury Regulations 
section 301.6104(b)-1(b)(4) is necessary in order for the Service not 
to disclose confidential business information furnished by businesses 
which contribute to exempt black lung trusts.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 22.
    Estimated Burden Hours Per Respondent: 1 hour.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 22 hours.


[[Page 5244]]


    OMB Number: 1545-1458.
    Regulation Project Number: REG-209835-86 Final.
    Type of Review: Extension.
    Title: Computation of Foreign Taxes Deemed Paid Under Section 902 
Pursuant to a Pooling Mechanism for Undistributed Earnings and Foreign 
Taxes.
    Description: These regulations provide rules for computing foreign 
taxes deemed paid under section 902. The regulations affect foreign 
corporations and their U.S. corporate shareholders.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 1.
    Estimated Burden Hours Per Respondent: 1 hour.
    Frequency of Response: Annually.
    Estimated Total Reporting Burden: 1 hour.

    OMB Number: 1545-1590.
    Regulation Project Number: REG-251698-96 Final.
    Type of Review: Extension.
    Title: Subchapter S Subsidiaries.
    Description: The IRS will use the information provided by taxpayers 
to determine whether a corporation should be treated as an S 
corporation, a C corporation, or an entity that is disregarded for 
federal tax purposes. The collection of information covered in the 
regulation is necessary for a taxpayer to obtain, retain, or terminate 
S corporation treatment.
    Respondents: Business or other for-profit, individuals or 
households, farms.
    Estimated Number of Respondents/Recordkeepers: 10,660.
    Estimated Burden Hours Per Respondent/Recordkeeper: 57 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 10,110 hours.
    Clearance Officer: Robert M. Coar, (202) 622-3579, Internal Revenue 
Service, Room 6411, 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. 04-2142 Filed 2-2-04; 8:45 am]
BILLING CODE 4830-01-P