Federal Register / Vol. 63, No. 129 /Tuesday, July 7, 1998 / Notices 36737

and Budget, Room 10226, New

Executive Office Building, Washington,

DC 20503.

Lois K. Holland,

Departmental Reports Management Officer.

[FR Doc. 98–17872 Filed 7–6–98; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Submission for OMB Review;

Comment Request

June 29, 1998.

The Department of the 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 July 22, 1998 to be

assured of consideration.

SPECIAL REQUEST: In order to conduct

the focus group interviews described

below as soon as possible, the

Department of the Treasury is

requesting that the Office of

Management and Budget (OMB) review

and approve this information collection

by July 10, 1998. To obtain a copy of

this study, please contact the Internal

Revenue Service Clearance Officer at the

address listed below.

Internal Revenue Service (IRS)

OMB Number: 1545–1432.

Project Number: M:SP:V 98–018–G.

Type of Review: Revision.

Title: Schedule D Focus Groups.

Description: A significant number of

taxpayers who should have attached

Schedule D (Form 1040) to their tax

return did not do so, resulting in the

necessity of corresponding with the

taxpayer to request the missing

schedule, inconveniencing the taxpayer

and increasing processing costs. The

Tax Forms and Publications Division

would like to meet with some of the

taxpayers, to find out what differences

in the forms or instructions might have

led them to attach the schedule. This

will be useful in creating forms and

instructions for next year, both in

relating to the Schedule D issue, and in

communicating any future tax law

changes. Respondents: Individuals or

households.

Estimated Number of Respondents:

20.

Estimated Burden Hours Per

Respondent: 2 hours, 34 minutes.

Frequency of Response: Other (onetime only). Estimated Total Reporting Burden: 70

hours.

Clearance Officer: Garrick Shear (202)

622–3869, Internal Revenue Service,

Room 5571, 1111 Constitution Avenue,

N.W., 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. 98–17873 Filed 7–6–98; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 1040 and Schedules

A, B, C, C–EZ, D, D–1, E, EIC, F, H, J,

R and SE

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice and request for

comments.

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, Pub.

L. 104–13 (44 U.S.C. 3506(c)(2)(A)).

Currently, the IRS is soliciting

comments concerning Form 1040, U.S.

Individual Income Tax Return, and

Schedules A, B, C, C–EZ, D, D–1, E, EIC,

F, H, J, R, and SE.

DATES: Written comments should be

received on or before July 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: U.S. Individual Income Tax

Return.

OMB Number: 1545–0074.

Form Number: 1040 and Schedules A,

B, C, C–EZ, D, D–1, E, IC, F, H, J, R, and

SE.

Abstract: These forms are used by

individuals to report their income tax

liability. The data is used to verify that

the items reported on the forms are

correct, and also for general statistical

use.

Current Actions: The major changes

are as follows: Form 1040.

(1) Line 6c, column (4), was revised

to allow taxpayers to indicate which

dependents qualify for the child tax

credit (one of the requirements is that

the child must be a dependent). The

information previously in column (4)

regarding the number of months the

dependent lived in the taxpayer’s home

is removed.

(2) New line 24 was added for the

student loan interest deduction to

reflect new Internal Revenue Code

section 221. The deduction will be

computed on a new worksheet in the

instructions.

(3) New line 43 was added for the

child tax credit to reflect new Code

section 24. The credit will be computed

on a new worksheet in the instructions.

Also, line 60 was added for the

additional (refundable) amount of the

child tax credit. The additional credit is

allowed by Code section 32(n), and it

will be computed on Form 8812.

(4) New line 44 was added for the

education credits (the Hope and lifetime

learning credits) allowed by Code

section 25A, which will be computed on

Form 8863.

Schedule B

Lines 7 through 10 were removed.

The amount of ordinary dividends from

box 1 of Form 1099–DIV will be entered

on line 5 of Schedule B instead of the

amount of gross dividends. It will no

longer be necessary to enter the amount

of capital gain distributions and

nontaxable distributions and subtract

the total of those amounts from the total

gross dividends. Capital gain

distributions will be reported only on

Schedule D. Nontaxable distributions

will not be reported at all, as they are

not needed to compute the tax.

Schedule J

New Schedule J, Farm Income

Averaging, was created to implement

Code section 1301, which was added by

the Taxpayer Relief Act of 1997.

Schedule R

The physician’s statement was

deleted from the form and moved to the
36738 Federal Register / Vol. 63, No. 129 /Tuesday, July 7, 1998 / Notices

instructions because there is no need for

it to be filed with the tax return.

Type of Review: Revision of a

currently approved collection.

Affected Public: Individuals or

households.

Estimated Number of Respondents:

69,384,249.

Estimated Time Per Respondent:

Varies.

Estimated Total Annual Burden

Hours: 1,143,129,008.

The following paragraph applies to all

of the collections of information covered

by this notice:

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 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

5 technology; and (e) estimates of

capital or start-up costs and costs of

operation, maintenance, and purchase

of services to provide information.

Approved: June 26, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–17824 Filed 7–6–98; 8:45 am]

BILLING CODE 4830–01–P

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 1040A and

Schedules 1, 2, 3, and EIC

AGENCY: Internal Revenue Service (IRS),

Treasury.

ACTION: Notice and request for

comments.

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, Pub.

L. 104–13 (44 U.S.C. 3506(c)(2)(A)).

Currently, the IRS is soliciting

comments concerning Form 1040A, U.S.

Individual Income Tax Return, and

Schedules 1, 2, 3, and EIC.

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: U.S. Individual Income Tax

Return.

OMB Number: 1545–0085.

Form Number: 1040A and Schedules

1, 2, 3, and EIC.

Abstract: This form is used by

individuals to report their income

subject to income tax and to compute

their correct tax liability. The data are

used to verify that the income reported

on the form is correct and are also for

statistics use.

Current Actions: The major changes

are as follows: Form 1040A.

(1) Line 6c, column (4), was revised

to allow taxpayers to indicate which

dependents qualify for the child tax

credit (one of the requirements is that

the child must be a dependent). The

information previously in column (4)

regarding the number of months the

dependent lived in the taxpayer’s home

is removed.

(2) New line 16 was added for the

student loan interest deduction to

reflect new Internal Revenue Code

section 221. The deduction will be

computed on a new worksheet in the

instructions. Line 17 was added to total

the adjustments, which will be

subtracted from total income (line 14) to

arrive at adjusted gross income (line 18).

(3) New line 28 was added for the

child tax credit to reflect new Code

section 24. The credit will be computed

on a new worksheet in the instructions.

Also, line 38 was added for the

additional (refundable) amount of the

child tax credit. The additional credit is

allowed by Code section 32(n), and it

will be computed on Form 8812.

(4) New line 29 was added for the

education credits (the Hope and lifetime

learning credits) allowed by Code

section 25A, which will be computed on

Form 8863.

(5) Line 27, household employment

taxes, has been removed from Form

1040A to gain room for the new lines

needed as a result of new law. The few

taxpayers who have household

employment taxes and had been filing

Form 1040A will now need to file Form

1040.

Schedule 3

The physician’s statement was

deleted from the form and moved to the

instructions because there is no need for

it to be filed with the tax return.

Type of Review: Revision of a

currently approved collection.

Affected Public: Individuals or

households.

Estimated Number of Respondents:

26,051,305.

Estimated Time Per Respondent:

Varies.

Estimated Total Annual Burden

Hours: 200,524,903.

The following paragraph applies to all

of the collections of information covered

by this notice:

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 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