Federal Register: December 22, 2000 (Volume 65, Number 247)
DOCID: FR Doc 00-32776
DEPARTMENT OF THE TREASURY
Internal Revenue Service
NOTICE: NOTICES
ACTION: Agency information collection activities:
DOCUMENT ACTION: Notice and request for comments.
SUBJECT CATEGORY:
Proposed Collection; Comment Request for Form 8861
DATES: Written comments should be received on or before February 20, 2001 to be assured of consideration.
DOCUMENT 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 10413(44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Form 8861, WelfaretoWork Credit.
SUMMARY:
Proposed collection; comment request,
SUPPLEMENTAL INFORMATION
Title: WelfaretoWork Credit.
OMB Number: 15451569.
Form Number: 8861.
Abstract: Section 51A of the Internal Revenue Code allows employers an income tax credit of 35% of the first $10,000 of firstyear wages and 50% of the first $10,000 of secondyear wages paid to longterm family assistance recipients. Form 8861 is used to compute the credit.
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 and farms.
Estimated Number of Respondents: 500.
Estimated Time Per Respondent: 11 hr., 7 min.
Estimated Total Annual Burden Hours: 5,555.
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
[[Page 80989]]
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 startup costs and costs of operation, maintenance, and purchase of services to provide information.
Approved: December 19, 2000.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 0032776 Filed 122100; 8:45 am]
BILLING CODE 483001P
FOR FURTHER INFORMATION CONTACT
Requests for additional information or copies of the form and instructions should be directed to Larnice Mack, (202) 6223179, Internal Revenue Service, room 5244, 1111 Constitution Avenue NW., Washington, DC 20224.