[Federal Register Volume 72, Number 190 (Tuesday, October 2, 2007)]
[Notices]
[Page 56132]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-19366]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

September 26, 2007.
    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 
11000, 1750 Pennsylvania Avenue, NW., Washington, DC 20220.

DATES: Written comments should be received on or before November 1, 
2007 to be assured of consideration.

Treasury Inspector General for Tax Administration (TIGTA)

    OMB Number: 1591--New.
    Type of Review: Emergency.
    Title: Refund Anticipation Loans--Individual Taxpayers.
    Description: The Treasury Inspector General for Tax Administration 
(TIGTA), as part of its FY 2008 audit plan, will interview, via survey, 
a valid sample of individual taxpayers who received Refund Anticipation 
Loans (RALs) after submitting electronically filed (e-file) tax 
returns. RALs target low-income taxpayers, especially those who receive 
an Earned Income Tax Credit (EITC) or who do not have banking accounts. 
Because the duration of a RAL is approximately 7-14 days (the 
difference between the time a RALs are obtained and when they are 
repaid by with taxpayers' refunds), fees for these loans translate into 
triple digit annualized interest rates. While the IRS has eliminated 
the marketing of RALs from its Free File Program, educating taxpayers 
about the cost and burden of RALs and the ability to receive refunds 
quickly without RALs would further help reduce the financial burden 
RALs place on taxpayers. In addition, this data will help in learning 
how RALs affect tax administration, what changes are possible and could 
be taken to better monitor e-file providers, and what actions could be 
taken to mitigate burden through taxpayer education and/or changes to 
the administration of the tax system.
    Respondents: Individuals or Households.
    Estimated Total Burden Hours: 51 hours.
    Clearance Officer: Joseph Ananka, (202) 622-5964, Treasury 
Inspector General for Tax Administration, 1125 15th Street, NW., Suite 
700A, Washington, DC 20005.
    OMB Reviewer: Alexander T. Hunt, (202) 395-7316, Office of 
Management and Budget, Room 10235, New Executive Office Building, 
Washington, DC 20503.

Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. E7-19366 Filed 10-1-07; 8:45 am]
BILLING CODE 4830-01-P