[Federal Register Volume 62, Number 64 (Thursday, April 3, 1997)]
[Notices]
[Pages 15974-15975]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-8557]


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DEPARTMENT OF THE TREASURY

Proposed Collection; Comment Request for Form 8827

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 8827, Credit for Prior Year Minimum Tax--Corporations.

DATES: Written comments should be received on or before June 2, 1997 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: Credit for Prior Year Minimum Tax--Corporations.
    OMB Number: 1545-1257.
    Form Number: 8827.
    Abstract: Internal Revenue Code Section 53(d), as revised, allows 
corporations a minimum tax credit based on the full amount of 
alternative minimum tax incurred in tax years beginning after 1989, or 
a carryforward for use in a future year. Form 8827 is used by 
corporations to compute the minimum tax credit, if any, for alternative 
minimum tax incurred in prior tax years and to compute any minimum tax 
credit carryforward.
    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, and 
farms.
    Estimated Number of Respondents: 25,000.
    Estimated Time Per Respondent: 1 hr.
    Estimated Total Annual Burden Hours: 25,000.
    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

[[Page 15975]]

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: March 25, 1997.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 97-8557 Filed 4-2-97; 8:45 am]
BILLING CODE 4830-01-U