Proposed Collection; Comment Request for Form 8862

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment Request for Form 8862

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 8862, Information To Claim Earned Income Credit After

Disallowance.

DATES: Written comments should be received on or before September 8,

1998 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: Information To Claim Earned Income Credit After

Disallowance.

OMB Number: To be assigned later.

Form Number: 8862.

Abstract: Section 32 of the Internal Revenue Code allows taxpayers

to claim an earned income credit (EIC) for each of their qualifying

children. Code section 32(k), as enacted by section 1085(a)(1) of the

Taxpayer Relief Act of 1997, disallows the EIC for a statutory period

if the taxpayer improperly claimed it in a prior year. Form 8862 is

used by taxpayers to reestablish their eligibility to claim the EIC.

Current Actions: This is a new collection of information.

Type of Review: New OMB approval.

Affected Public: Individuals or households.

Estimated Number of Respondents: 1,000,000

Estimated Time Per Respondent: 2 hr., 26 min.

Estimated Total Annual Burden Hours: 2,430,000

The following paragraph applies to all of the collections of

information covered by this notice:

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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 3 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 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: July 2, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98-18441 Filed 7-9-98; 8:45 am]

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