39644 Federal Register / Vol. 63, No. 141 /Thursday, July 23, 1998 / Notices

the form will be used by the IRS to

verify compliance with the reporting

rules under regulation section 1.408–5

and to verify that the participant in the

IRA has made the contribution for

which he or she is taking a deduction.

Current Actions: There are no changes

being made to the form at this time.

Type of Review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations.

Estimated Number of Responses:

68,947,290.

Estimated Time Per Response: 11 min.

Estimated Total Annual Burden

Hours: 12,640,337.

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

technology; and (e) estimates of capital

or start-up costs and costs of operation,

maintenance, and purchase of services

to provide information.

Approved: July 16, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–19694 Filed 7–22–98; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Form 8847 and Schedule

A (Form 8847)

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,

Public Law 104–13 (44 U.S.C.

3506(c)(2)(A)). Currently, the IRS is

soliciting comments concerning Form

8847, Credit for Contributions to

Selected Community Development

Corporations, and Schedule A (Form

8847), Receipt, Designation and

Certification of Qualified Contribution

to a Selected Community Development

Corporation (CDC).

DATES: Written comments should be

received on or before September 21,

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: Credit for Contributions to

Selected Community Development

Corporations (Form 8847), and Receipt,

Designation and Certification of

Qualified Contribution to a Selected

Community Development Corporation

(CDC) (Schedule A).

OMB Number: 1545–1416.

Form Number: 8847 and Schedule A

(Form 8847).

Abstract: Form 8847 is used to claim

a credit for qualified contributions to a

selected community development

corporation (CDC). The CDC issues

Schedule A (Form 8847), with Part I

completed, to the contributor to verify

the contribution and to show the

amount designated as eligible for the

credit. The contributor certifies the

contribution made in Part II of Schedule

A. The IRS uses the information

reported on the forms to ensure that the

credit is correctly computed.

Current Actions: Form 8847.

Line 6c was added for the child tax

credit, and line 6d was added for the

education credits. These new credits

were added to the Internal Revenue

Code by the Taxpayer Relief Act of

1997.

Type of Review: Revision of a

currently approved collection.

Affected Public: Business or other forprofit organizations and individuals.

Estimated Number of Respondents:

5,000.

Estimated Time Per Respondent: 10

hr., 20 min.

Estimated Total Annual Burden

Hours: 51,650.

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

technology; and (e) estimates of capital

or start-up costs and costs of operation,

maintenance, and purchase of services

to provide information.

Approved: July 15, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98–19695 Filed 7–22–98; 8:45 am]

BILLING CODE 4830–01–U