[Federal Register Volume 63, Number 82 (Wednesday, April 29, 1998)]
[Notices]
[Pages 23489-23490]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-11358]
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DEPARTMENT OF THE TREASURY
Submission to OMB for Review; Comment Request
April 20, 1998.
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
2110, 1425 New York Avenue, NW., Washington, DC 20220.
DATES: Written comments should be received on or before May 29, 1998 to
be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0044.
Form Number: IRS Form 973.
Type of Review: Extension.
Title: Corporation Claim for Deduction for Consent Dividends.
Description: Corporations file Form 973 to claim a deduction for
dividends paid. If shareholders consent and IRS approves, the
corporation may claim a deduction for dividends paid, which reduces the
corporation's tax liability. IRS uses Form 973 to determine if
shareholders have included the dividend in gross income.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 500.
Estimated Burden Hours Per Respondent/Recordkeeper:
------------------------------------------------------------------------
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Recordkeeping....................... 4 hours, 4 minutes.
Learning about the law or the form.. 30 minutes.
Preparing and sending the form to 35 minutes.
the IRS.
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Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 2,580 hours.
OMB Number: 1545-0754.
Regulation Project Number: LR-255-81 Final.
Type of Review: Extension.
Title: Substantiation of Charitable Contributions.
Description: Congress intended that the Internal Revenue Service
prescribe rules and requirements to assure substantiation and
verification of charitable contributions. The regulations serve these
purposes.
Respondents: Individuals or households, Business or other for-
profit.
Estimated Number of Recordkeepers: 26,000,000.
Estimated Burden Hours Per Recordkeeper: 5 minutes.
Estimated Total Recordkeeping Burden: 2,158,000 hours.
OMB Number: 1545-0976.
Form Number: IRS Form 990-W.
Type of Review: Extension.
Title: Estimated Tax on Unrelated Business Taxable Income for Tax-
Exempt Organizations.
Description: Form 990-W is used by tax-exempt trusts and tax-exempt
corporations to figure estimated tax liability on unrelated business
income and on investment income for private foundations and the amount
of each installment payment. Form 990-W is a worksheet only. It is not
required to be filed.
Respondents: Business or other for-profit, Not-for-profit
institutions.
Estimated Number of Respondents/Recordkeepers: 27,265.
Estimated Burden Hours Per Respondent/Recordkeeper:.
[[Page 23490]]
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Learning about the or
Form Recordkeeping the form Preparing the form
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990-W............................ 9 hr., 49 min............ 1 hr., 59 min........... 2 hr., 14 min.
990-W, Sched. A (Pt I)........... 11 hr., 14 min........... 47 min.................. 1 hr., 1 min.
990-W, Sched. A (Pt II).......... 23 hr., 26 min........... 24 min.................. 47 min.
990-W, Sched. A (Pt III)......... 5 hr., 16 min............ ....................... 5 min.
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Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 398,273 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 Internal Revenue 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 Per Respondent/Recordkeeper:
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Minutes
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Reporting..................................................... 10
Recordkeeping................................................. 25
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Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 420, 500 hours.
Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue
Service, Room 5571, 1111 Constitution Avenue, NW, Washington, DC 20224.
OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of
Management and Budget, Room 10226, New Executive Office Building,
Washington, DC 20503.
Lois K. Holland
Departmental Reports Management Officer.
[FR Doc. 98-11358 Filed 4-28-98; 8:45 am]
BILLING CODE 4830-01-P
