Proposed Collection; Comment Request for Form 8867, 60510 [2010-24483]
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60510
Federal Register / Vol. 75, No. 189 / Thursday, September 30, 2010 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8867
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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
8867, Paid Preparer’s Earned Income
Credit Checklist.
DATES: Written comments should be
received on or before November 29,
2010 to be assured of consideration.
ADDRESSES: Direct all written comments
to Gerald Shields, Internal Revenue
Service, room 6129, 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 Allan Hopkins at
Internal Revenue Service, room 6129,
1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622–
6665, or through the Internet at
Allan.M.Hopkins@irs.gov.
SUMMARY:
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SUPPLEMENTARY INFORMATION:
Title: Paid Preparer’s Earned Income
Credit Checklist.
OMB Number: 1545–1629.
Form Number: 8867.
Abstract: Form 8867 helps preparers
meet the due diligence requirements of
Internal Revenue 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 RIC 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.
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: Business or other forprofit organizations.
VerDate Mar<15>2010
17:48 Sep 29, 2010
Jkt 220001
Estimated Number of Responses:
8,368,447.
Estimated Time per Respondent: 1
hour, 47 minutes.
Estimated Total Annual Burden
Hours: 14,979,521.
The following paragraph applies to all
of the collections of information covered
by this notice:
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 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: September 7, 2010.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2010–24483 Filed 9–29–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1120–RIC
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
SUMMARY:
PO 00000
Frm 00107
Fmt 4703
Sfmt 4703
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
1120–RIC, U.S. Income Tax Return for
Regulated Investment Companies.
DATES: Written comments should be
received on or before November 29,
2010 to be assured of consideration.
ADDRESSES: Direct all written comments
to Gerald Shields, Internal Revenue
Service, room 6129, 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 Allan Hopkins, at
(202) 622–6665, or at Internal Revenue
Service, room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the Internet, at
Allan.M.Hopkins@irs,gov.
SUPPLEMENTARY INFORMATION:
Title: U.S. Income Tax Return for
Regulated Investment Companies.
OMB Number: 1545–1010.
Form Number: 1120–RIC.
Abstract: Internal Revenue Code
sections 851 through 855 provide rules
for the taxation of a domestic
corporation that meets certain
requirements and elects to be taxed as
a regulated investment company. Form
1120–RIC is filed by a domestic
corporation making such an election in
order to report its income and
deductions and to compute its tax
liability. The IRS uses the information
on Form 1120–RIC to determine
whether the corporation’s income,
deductions, credits, and tax have been
correctly reported.
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: Business or other forprofit organizations.
Estimated Number of Respondents:
3,605.
Estimated Time per Respondent: 102
hours, 22 minutes.
Estimated Total Annual Burden
Hours: 369,021.
The following paragraph applies to all
of the collections of information covered
by this notice:
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
E:\FR\FM\30SEN1.SGM
30SEN1
]]>Agencies
[Federal Register Volume 75, Number 189 (Thursday, September 30, 2010)]
[Notices]
[Page 60510]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-24483]
[[Page 60510]]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8867
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 8867, Paid Preparer's Earned Income Credit Checklist.
DATES: Written comments should be received on or before November 29,
2010 to be assured of consideration.
ADDRESSES: Direct all written comments to Gerald Shields, Internal
Revenue Service, room 6129, 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 Allan Hopkins
at Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW.,
Washington, DC 20224, or at (202) 622-6665, or through the Internet at
Allan.M.Hopkins@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Paid Preparer's Earned Income Credit Checklist.
OMB Number: 1545-1629.
Form Number: 8867.
Abstract: Form 8867 helps preparers meet the due diligence
requirements of Internal Revenue 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 RIC 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.
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: Business or other for-profit organizations.
Estimated Number of Responses: 8,368,447.
Estimated Time per Respondent: 1 hour, 47 minutes.
Estimated Total Annual Burden Hours: 14,979,521.
The following paragraph applies to all of the collections of
information covered by this notice:
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 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: September 7, 2010.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2010-24483 Filed 9-29-10; 8:45 am]
BILLING CODE 4830-01-P
