[Federal Register: January 6, 2003 (Volume 68, Number 3)]
[Notices]
[Page 608]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr06ja03-96]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8880
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 8880, Credit for Qualified Retirement Savings Contributions.
DATES: Written comments should be received on or before March 7, 2003
to be assured of consideration.
ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal
Revenue Service, room 6411, 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 Carol Savage,
(202) 622-3945, or through the Internet (CAROL.A.SAVAGE@irs.gov.),
Internal Revenue Service, room 6407, 1111 Constitution Avenue NW.,
Washington, DC 20224.
SUPPLEMENTARY INFORMATION:
Title: Credit for Qualified Retirement Savings Contributions.
OMB Number: 1545-1805.
Form Number: Form 8880 is used to allow qualifying taxpayers to
take a nonrefundable credit for contributions made to their qualified
retirement accounts. These accounts can be IRA's, Roth IRA's, or
qualified employer sponsored retirement plans.
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: 1 hour, 19 minutes.
Estimated Total Annual Burden Hours: 1,310,000.
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: December 30, 2002.
Carol Savage,
Program Analyst.
[FR Doc. 03-203 Filed 1-3-03; 8:45 am]
BILLING CODE 4830-01-P