[Federal Register Volume 67, Number 44 (Wednesday, March 6, 2002)]
[Notices]
[Page 10255]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-5259]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

February 27, 2002.
    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 April 5, 2002 
to be assured of consideration.

Internal Revenue Service (IRS)

    OMB Number: 1545-1570.
    Regulation Project Number: REG-120168-97 (Final).
    Type of Review: Extension.
    Title: Preparer Due Diligence Requirements for Determining Earned 
Income Credit Eligibility.
    Description: Income tax return preparers who satisfy the due 
diligence requirements in this regulation will avoid the imposition of 
the penalty under section 6695(g) of the Internal Revenue Code for 
returns or claims for refund due after December 31, 1997. The due 
diligence requirements include soliciting the information necessary to 
determine a taxpayer's eligibility for, and amount of, the Earned 
Income Tax Credit, and the retention of this information.
    Respondents: Business or other for-profit.
    Estimated Number of Respondents/Recordkeepers: 100,000.
    Estimated Burden Hours Per Respondent/Recordkeeper: 5 hours, 4 
minutes.
    Frequency of Response: Annually.
    Estimated Total Reporting/Recordkeeping Burden: 507,136 hours.
    Clearance Officer: George Freeland, Internal Revenue Service, Room 
5577, 1111 Constitution Avenue, NW., Washington, DC 20224.
    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. 02-5259 Filed 3-5-02; 8:45 am]
BILLING CODE 4830-01-P