[Federal Register Volume 63, Number 200 (Friday, October 16, 1998)]
[Notices]
[Page 55678]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-27757]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

September 11, 1998.
    The Department of Treasury has submitted the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Pub. L. 104-13. Copies of 
the submission(s) may be obtained by calling the Treasury Bureau 
Clearance Officer listed. Comments regarding this information 
collection should be addressed to the OMB reviewer listed and to the 
Treasury Department Clearance Officer, Department of the Treasury, Room 
2110, 1425 New York Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before November 16, 
1998, to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: New.
    Form Number: IRS Form 8862.
    Type of Review: New collection.
    Title: Information to Claim Earned Income Credit After 
Disallowance.
    Description: Section 32 of the Internal Revenue Code allows 
taxpayers an earned income credit (EIC) for each of their qualifying 
children. Section 32(k), as enacted by section 1085(a)(1) of Pub. L. 
105-34, disallows the EIC for a statutory period if a taxpayer 
improperly claimed it in a prior year. Form 8862 helps taxpayers 
reestablish their eligibility to claim the EIC.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 1,000,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--52 min.
Learning about the law or the form--7 min.
Preparing the form--59 min.
Copying, assembling, and sending the form to the IRS--28 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 2,430,000 hours.
    Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, NW, Washington, DC 20224.
    OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of 
Management and Budget, Room 10226, New Executive Office Building, 
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 98-27757 Filed 10-15-98; 8:45 am]
BILLING CODE 4830-01-P