Paid Preparer's Earned Income Credit Checklist

ICR 200210-1545-041

OMB: 1545-1629

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC ID
Document
Title
Status
40995 Migrated
ICR Details
1545-1629 200210-1545-041
Historical Active 200110-1545-010
TREAS/IRS
Paid Preparer's Earned Income Credit Checklist
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 10/03/2002
Retrieve Notice of Action (NOA) 10/03/2002
  Inventory as of this Action Requested Previously Approved
12/31/2004 12/31/2004 12/31/2004
8,368,447 0 8,368,447
10,293,190 0 9,707,399
0 0 0

Form 8867 helps preparers meet the due diligence requirements of Code section 6695(g), which was added by section 1085(a)(2) of the Taxpayer Relief Act of 1997. Paid preparers of Federal income tax returns or claims for refund involving the earned income credit (EIC) must meet the due diligence requirements in determining if the taxpayer is eligible for the EIC and the amount of the credit. Failure to do so could result in a $100 penalty for each failure. Completion of Form 8867 is one of the due diligence requirements.

None
None


No

1
IC Title Form No. Form Name
Paid Preparer's Earned Income Credit Checklist FORM-8867

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 8,368,447 8,368,447 0 0 0 0
Annual Time Burden (Hours) 10,293,190 9,707,399 0 585,791 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
10/03/2002


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