[Notices]
[Page 52064-52065]
[PDF version of document]
DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
August 17, 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 September 23,
2004 to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-1618.
Form Number: IRS form 8863.
Type of Review: Revision.
Title: Education Credits (Hope and Lifetime Learning Credits).
Description: Section 25A of the Internal Revenue Code allows for
two education credits, the Hope credit and the lifetime learning
credit. Form 8863 will be used to compute the amount of allowable credits. The IRS will use the information on the form to
verify that respondents correctly computed their education credits.
Respondents: Individuals or households.
Estimated Number of Respondents/Recordkeepers: 6,632,933.
Estimated Burden Hours Respondent/Recordkeeper:
|
|
Minutes
|
|
Recordkeeping
|
12
|
|
Learning about the law
or the form
|
8
|
|
Preparing the form
|
32
|
|
Copying, assembling,
and sending the form to the IRS
|
33
|
Frequency of response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 9,489,708 hours.
OMB Number: 1545-1886.
Revenue Procedure Number: Revenue Procedure 2004-35.
Type of Review: Extension.
Title: Late Spousal S Corp Consents in Community Property States.
Description: Revenue Procedure 2004-35 allows for the filing of
certain late shareholder consents to be an S Corporation with the IRS
Service Center.
Respondents: Business or other for-profit.
Estimated Number of Respondents: 500.
Estimated Burden Hours Per Respondent: 1 hour.
Frequency of response: On occasion.
Estimated Total Reporting Burden: 500 hours.
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. 04-19325 Filed 8-23-04; 8:45 am]
BILLING CODE 4830-01-P
Posted August 25, 2004 on
www.NASFAA.org, the Web Site of the
National Association of Student Financial Aid Administrators (NASFAA).
Please submit Web Site questions or comments to web@nasfaa.org
