[Federal Register Volume 66, Number 207 (Thursday, October 25, 2001)]
[Notices]
[Pages 54059-54060]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-26902]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

October 17, 2001.
    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, Public Law 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 26, 
2001 to be assured of consideration.

Internal Revenue Service

    OMB Number: 1545-1378.
    Regulation Project Number: PS-4-89 Final.
    Type of Review: Extension.
    Title: Disposition of an Interest in a Nuclear Power Plant.
    Description: The regulations require that certain information be 
submitted as part of a request for a schedule of ruling amounts. The 
regulations also require certain taxpayers to file a request for a 
revised schedule of ruling amounts.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents: 70.
    Estimated Burden Hours Per Respondent: 8 hours, 13 minutes.
    Frequency of Response: On occasion.
    Estimated Total Reporting Burden: 575 hours.

    OMB Number: 1545-1629.
    Form Number: IRS Form 8867.
    Type of Review: Extension.
    Title: Paid Taxpayer's Earned Income Credit Checklist.
    Description: Form 8867 helps preparers meet the due diligence 
requirements of 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 EIC 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.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 1,100,000.
    Estimated Burden Hours Per Respondent/Recordkeeper:

Recordkeeping--13 min.
Learning about the law or the form--8 min.
Preparing the form--24 min.

    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 9,707,399 hours.

Clearance Officer: Garrick Shear, Internal Revenue Service, Room 5244, 
1111 Constitution Avenue, NW., Washington, DC 20224

[[Page 54060]]

OMB Reviewer: Alexander T. Hunt (202) 395-7860, Office of Management 
and Budget, Room 10202, New Executive Office Building, Washington, DC 
20503

Mary A. Able,
Departmental Reports, Management Officer.
[FR Doc. 01-26902 Filed 10-24-01; 8:45 am]
BILLING CODE 4830-01-P