[Federal Register Volume 63, Number 132 (Friday, July 10, 1998)]
[Notices]
[Pages 37446-37447]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-18441]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8862
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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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 8862, Information To Claim Earned Income Credit After
Disallowance.
DATES: Written comments should be received on or before September 8,
1998 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 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: Information To Claim Earned Income Credit After
Disallowance.
OMB Number: To be assigned later.
Form Number: 8862.
Abstract: Section 32 of the Internal Revenue Code allows taxpayers
to claim an earned income credit (EIC) for each of their qualifying
children. Code section 32(k), as enacted by section 1085(a)(1) of the
Taxpayer Relief Act of 1997, disallows the EIC for a statutory period
if the taxpayer improperly claimed it in a prior year. Form 8862 is
used by taxpayers to reestablish their eligibility to claim the EIC.
Current Actions: This is a new collection of information.
Type of Review: New OMB approval.
Affected Public: Individuals or households.
Estimated Number of Respondents: 1,000,000
Estimated Time Per Respondent: 2 hr., 26 min.
Estimated Total Annual Burden Hours: 2,430,000
The following paragraph applies to all of the collections of
information covered by this notice:
[[Page 37447]]
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be 3 retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
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; (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; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: July 2, 1998.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 98-18441 Filed 7-9-98; 8:45 am]
BILLING CODE 4830-01-U
