[Federal Register Volume 61, Number 62 (Friday, March 29, 1996)]
[Notices]
[Page 14207]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-7768]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Proposed Collection; Comment Request for Form 8815
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
Form 8815, Exclusion of Interest From Series EE U.S. Savings Bonds
Issued After 1989.
DATES: Written comments should be received on or before May 28, 1996 to
be assured of consideration.
ADDRESSES: Direct all written comments to Garrick R. Shear, Internal
Revenue Service, room 5571, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form(s) and instructions should be directed to Martha R.
Brinson, (202) 622-3869, Internal Revenue Service, room 5571, 1111
Constitution Avenue NW., Washington, DC 20224.
SUPPLEMENTARY INFORMATION:
Title: Exclusion of Interest From Series EE U.S. Savings Bonds
Issued After 1989.
OMB Number: 1545-1173.
Form Number: Form 8815.
Abstract: If an individual redeems series EE U.S. savings bonds
issued after 1989 and pays qualified higher education expenses during
the year, the interest on the bonds may be excludable from income. Form
8815 is used by the individual to figure the amount of savings bond
interest that is excludable.
Current Actions: There are no changes being made to the form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 25,000.
Estimated Time per Respondent: 2 hr., 1 min.
Estimated Total Annual Burden Hours: 50,420.
REQUEST FOR COMMENTS: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Comments are invited
on: (a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology.
Approved: March 22, 1996.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 96-7768 Filed 3-28-96; 8:45 am]
BILLING CODE 4830-01-P
