[Federal Register Volume 69, Number 76 (Tuesday, April 20, 2004)]
[Notices]
[Pages 21191-21192]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-8887]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
April 13, 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 May 20, 2004,
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0927.
Form Number: IRS Form 8390.
Type of Review: Extension.
Title: Information Return for Determination of Life Insurance
Company Earnings Rate Under Section 809.
Description: Life insurance companies are required to provide data
so the Secretary of the Treasury can compute the (1) stock earnings
rate of the 50 largest companies; and (2) average mutual earnings rate.
These factors are used to compute the differential earnings rate which
will determine the tax liability for mutual life insurance companies.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 300.
Estimated Burden Hours Respondent/Recordkeeper:
------------------------------------------------------------------------
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Recordkeeping....................................... 58 hr., 35 min.
Learning about the law or the form.................. 2 hr., 28 min.
Preparing and sending the form to the IRS........... 3 hr., 33 min.
------------------------------------------------------------------------
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 19,386 hours.
OMB Number: 1545-1296.
Regulation Project Number: PS-27-91 Final.
Type of Review: Extension.
Title: Procedural Rules for Excise Taxes Currently Reportable on
Form 720.
Description: Section 6302(c) authorizes the use of Government
depositaries. These regulations provide reporting and recordkeeping
rules relating to the use of Government depositaries for taxes imposed
by chapter 33 of the Code.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 9,000.
Estimated Burden Hours Respondent/Recordkeeper: 22 minutes.
Frequency of Response: On occasion, Quarterly.
Estimated Total Reporting/Recordkeeping Burden: 241,850 hours.
OMB Number: 1545-1577.
Regulation Project Number: REG-109704-97 NPRM.
Type of Review: Extension.
Title: HIPAA Mental Health Parity Act; (Temporary) Interim Rules
for Mental Health Parity.
Description: The regulations provide guidance for group health
plans with mental benefits about requirements relating to parity in the
dollar limits imposed on mental health benefits and medical/surgical
benefits.
Respondents: Business or other for-profit, Not-for-profit
institutions.
Estimated Number of Respondents/Recordkeepers: 7,053.
Estimated Burden Hours Respondent/Recordkeeper: 28 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 3,280 hours.
OMB Number: 1545-1592.
Revenue Procedure Number: Revenue Procedure 98-20.
Type of Review: Extension.
Title: Certification for No Information Reporting on the Sale of a
Principal Residence.
Description: The revenue procedure applies only to the sale of a
principal residence for $250,000 or less ($500,000 or less if the
seller is married). The revenue procedure provides the written
assurances that are acceptable to the Service for exempting a real
estate reporting person from information reporting requirements for the
sale of a principal residence.
Respondents: Individuals or households, Business or other for-
profit.
Estimated Number of Respondents/Recordkeepers: 2,390,000.
Estimated Burden Hours Respondent/Recordkeeper: 10 minutes.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 420,500 hours.
OMB Number: 1545-1595.
Revenue Procedure Number: Revenue Procedure 98-25.
Type of Review: Extension.
Title: Automatic Data Processing.
[[Page 21192]]
Description: Revenue Procedure 98-25 specifies the basic
requirements that the IRS considers to be essential in cases where a
taxpayer's records are maintained within an Automatic Data Processing
System (ADP). If machine-sensible records are lost, stolen, destroyed,
or materially inaccurate, the Revenue Procedure requires that a
taxpayer promptly notify its District Director and submit a plan to
replace the affected records. The District Director will notify the
taxpayer of any objection(s) to the taxpayer's plan. Also, the Revenue
Procedure provides that a taxpayer who maintains machine-sensible
records may request to enter into a Record Retention Limitation
Agreement (RRLA) with its District Director. The taxpayer's request
must identify and describe those records the taxpayer proposes not to
retain and explain why those records will not become material to the
administration of any Internal Revenue law. The District Director will
notify the taxpayer whether or not the District Director will enter
into a RRLA. Finally, Revenue Procedure 98-25 provides that the
District Director may conduct an evaluation of a taxpayer's machine-
sensible records and may initiate testing to establish the
authenticity, readability, completeness, and integrity of such records.
Respondents: Business of other for-profit, Individuals or
households, Not-for-profit institutions, Farms, Federal Government,
State, local or tribal government.
Estimated Number of Respondents/Recordkeepers: 3,000.
Estimated Burden Hours Respondent/Recordkeeper: 40 hours.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 120.000 hours.
OMB Number: 1545-1708.
Publication Number: Publication 1345.
Type of Review: Revision.
Title: Handbook for Authorized IRS e-file Providers.
Description: Publication 1345 informs those who participate in the
IRS e-file Program for Individual Income Tax Returns of their
obligations to the Internal Revenue Service, taxpayers, and other
participants.
Respondents: Business of other for-profit.
Estimated Number of Respondents/Recordkeepers: 145,000.
Estimated Burden Hours Respondent/Recordkeeper: 25 hours, 5
minutes.
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 3,636,463 hours.
OMB Number: 1545-1873.
Revenue Procedure Number: Revenue Procedure 2004-15.
Type of Review: Extension.
Title: Waivers of Minimum Funding Standards.
Description: This revenue procedure describes the process for
obtaining a waiver from the minimum funding standards set forth in
section 412 of the Code.
Respondents: Business or other for-profit, Not-for-profit
institutions, Farms, State, local or tribal government.
Estimated Number of Respondents: 55.
Estimated Burden Hours Respondent: 86 hours.
Frequency of Response: Other (one response).
Estimated Total Reporting Burden: 4,730 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. 04-8887 Filed 4-19-04; 8:45 am]
BILLING CODE 4830-01-P
