78 FR 228 pgs. 70631-70632 - Proposed Collection; Comment Request for Form 8867
Type: NOTICEVolume: 78Number: 228Pages: 70631 - 70632
Pages: 70631, 70632FR document: [FR Doc. 2013-28286 Filed 11-25-13; 8:45 am]
Agency: Treasury Department
Sub Agency: Internal Revenue Service
Official PDF Version: PDF Version
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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 January 27, 2014 to be assured of consideration.
ADDRESSES:
Direct all written comments to Yvette Lawrence, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
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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 for-profit organizations.
Estimated Number of Responses: 8,368,447.
Estimated Time per Respondent: 2 hour, 7 minutes.
Estimated Total Annual Burden Hours: 17,824,793.
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 requiredto respond to, a collection of information unless the collection ofinformation displays a valid OMB control number. Books or recordsrelating to a collection of information must be retained as long astheir contents may become material in the administration of anyinternal revenue law. Generally, tax returns and tax return informationare confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this noticewill be summarized and/or included in the request for OMB approval. Allcomments will become a matter of public record. Comments are invitedon: (a) Whether the collection of information is necessary for theproper performance of the functions of the agency, including whetherthe information shall have practical utility; (b) the accuracy of theagency's estimate of the burden of the collection of information; (c)ways to enhance the quality, utility, and clarity of the information tobe collected; (d) ways to minimize the burden of the collection ofinformation on respondents, including through the use of automatedcollection 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: October 23, 2013.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2013-28286 Filed 11-25-13; 8:45 am]
BILLING CODE 4830-01-P