31756 Federal Register / Vol. 66, No. 113 / Tuesday, June 12, 2001 / Notices

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.

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 August 13, 2001,

to be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5244, 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 Larnice Mack,

(202) 622–3179, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Information To Claim Earned

Income Credit After Disallowance.

OMB Number: 1545–1619.

Form Number: Form 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 8892 is

used by taxpayers to reestablish their

eligibility to claim the EIC.

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: Individuals or

households.

Estimated Number of Respondents:

1,000,000.

Estimated Time Per Respondent: 2

hours, 46 minutes.

Estimated Total Annual Burden

Hours: 2,760,000.

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: June 5, 2001.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 01–14762 Filed 6–11–01; 8:45 am]

BILLING CODE 4830–01–U

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment

Request for Notice 89–102

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 Notice

89–102, Treatment of Acquisition of

Certain Financial Institutions; Tax

Consequences of Federal Financial

Assistance.

DATES: Written comments should be

received on or before August 13, 2001,

to be assured of consideration.

ADDRESSES: Direct all written comments

to Garrick R. Shear, Internal Revenue

Service, room 5244, 1111 Constitution

Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or

copies of the notice should be directed

to Allan Hopkins, (202) 622–6665,

Internal Revenue Service, room 5244,

1111 Constitution Avenue NW.,

Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

Title: Treatment of Acquisition of

Certain Financial Institutions; Tax

Consequences of Federal Financial

Assistance.

OMB Number: 1545–1141.

Notice Number: Notice 89–102.

Abstract: Section 597 of the Internal

Revenue Code provides that the

Secretary of the Treasury shall provide

guidance concerning the tax

consequences of Federal financial

assistance received by certain financial

institutions. Notice 89–102 provides

that qualifying financial institutions that

receive Federal financial assistance

prior to a planned sale of their assets or

their stock to another institution may

elect to defer payment of any net tax

liability attributable to the assistance.

Such financial institutions must file a

statement describing the assistance

received, the date of receipt and any

amounts deferred.

Current Actions: There are no changes

to this notice at this time.

Type of review: Extension of a

currently approved collection.

Affected Public: Business or other forprofit organizations.

Estimated Number of Respondents:

250.

Estimated Time Per Respondent: 30

minutes.

Estimated Total Annual Burden

Hours: 125.

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