[Federal Register Volume 64, Number 54 (Monday, March 22, 1999)]
[Notices]
[Page 13846]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-6933]
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DEPARTMENT OF THE TREASURY
Submission for OMB Review; Comment Request
March 16, 1999.
The Department of the 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
2110, 1425 New York Avenue, NW., Washington, DC 20220.
DATES: Written comments should be received on or before April 21, 1999,
to be assured of consideration.
Internal Revenue Service (IRS)
OMB Number: 1545-1629.
Form Number: IRS Form 8867.
Type of Review: Extension.
Title: Paid Preparer's Earned Income Credit Checklist.
Description: Form 8867 helps preparers meet the due diligence
requirements of Code section 6695(g), which was added by section
1085(a)(2) of the Taxpayer Relief Act of 1997. Paid preparers of
Federal income tax returns or claims for refund involving the earned
income credit (EIC) must meet the due diligence requirements in
determining if the taxpayer is eligible for the EIC and the amount of
the credit. Failure to do so could result in a $100 penalty for each
failure. Completion of Form 8867 is one of the due diligence
requirements.
Respondents: Business or other for-profit.
Estimated Number of Respondents/Recordkeepers: 1,100,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
Recordkeeping--13 min.
Learning about the law or the form--8 min.
Preparing the form--21 min.
Frequency of Response: Annually.
Estimated Total Reporting/Recordkeeping Burden: 9,372,661 hours.
Clearance Officer: Garrick Shear, 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 10202, New Executive Office Building,
Washington, DC 20503.
Lois K. Holland,
Departmental Reports, Management Officer.
[FR Doc. 99-6933 Filed 3-19-99; 8:45 am]
BILLING CODE 4830-01-U
