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 August 26, 2004, to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-0010.
Form Number: IRS Form W-4.
Type of Review: Extension.
Title: Employee's Withholding Allowance Certificate.
Description: Employees file this form to tell employers (1) the number of withholding allowances claimed, (2) additional dollar amounts they want withheld each pay period and (3) if they are entitled to claim exemption from withholding. Employers use the information to figure the correct tax to withhold from the employee's wages.
Respondents: Individuals or households, Business or other for-profit, Not-for-profit Institutions, Federal Government, State, Local or Tribal Government.
Estimated Number of Respondents/Recordkeepers: 54,209,079.
Estimated Burden Hours Respondent/Recordkeeper:
Recordkeeping—45 min.
Learning about the law or the form—12 min.
Preparing the form—58 min.
Sending the form to the IRS-11 min.
Frequency of response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 116,007,430 hours.
OMB Number: 1545-0187.
Form Number: IRS Form 4835.
Type of Review: Extension.
Title: Farm Rental Income and Expenses.
Description: This form is used by landowners (or sub-lessors) to report farm income based on livestock produced by the tenant when the landowner (or sub-lessor) does not materially participate in the operation or management of the farm. This form is attached to Form 1040 and the data is used to determine whether the proper amount of rental income has been reported.
Respondents: Individuals and households, Farms.
Estimated Number of Respondents/Recordkeepers: 407,719.
Estimated Burden Hours Respondent/Recordkeeper:
Recordkeeping—2 hr., 57 min.
Learning about the law or the form—4 min.
Preparing the form—1 hr., 1 min.
Copying, assembling and sending the form to the IRS—20 min.
Frequency of response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 1,793,964 hours.
OMB Number: 1545-0923.
Regulation Project Number: REG-209274-85 NPRM and Temporary.
Type of Review: Extension.
Title: Tax Exempt Entity Leasing.
Description: These regulations provide guidance to persons executive lease agreements involving tax-exempt entities under section 168(h) of the Internal Revenue Code. The regulations are necessary to implement congressionally enacted legislation and elections for certain previously tax-exempt organizations and certain tax-exempt controlled entities.
Respondents: Individuals or households.
Estimated Number of Respondents: 4,000.
Estimated Burden Hours Respondent: 30 minutes.
Frequency of response: On occasion.
Estimated Total Reporting Burden: 2,000 hours.
Clearance Officer: Glenn P. Kirkland, Internal Revenue Service, Room 6411-03, 1111 Constitution Avenue, NW., Washington, DC 20224, (202) 622-3428.
OMB Reviewer: Joseph F. Lackey, Jr., Office of Management and Budget, Room 10235, New Executive Office Building, Washington, DC 20503, (202) 395-7316.
Lois K. Holland,
Treasury PRA Clearance Officer.
[FR Doc. 04-17058 Filed 7-26-04; 8:45 am]
BILLING CODE 4830-01-P