Student Loan Interest Statement

ICR 200704-1545-061

OMB: 1545-1576

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supplementary Document
2007-04-30
Supplementary Document
2007-04-30
Supporting Statement A
2007-04-30
IC Document Collections
IC ID
Document
Title
Status
18790 Modified
ICR Details
1545-1576 200704-1545-061
Historical Active 200405-1545-007
TREAS/IRS
Student Loan Interest Statement
Extension without change of a currently approved collection   No
Regular
Approved without change 09/13/2007
Retrieve Notice of Action (NOA) 06/08/2007
  Inventory as of this Action Requested Previously Approved
09/30/2010 36 Months From Approved 09/30/2007
8,761,303 0 8,761,303
1,051,357 0 1,051,357
0 0 0

Section 6050S(b)(2) of the Internal Revenue Code requires persons (financial institutions, governmental units, etc.) to report $600 or more of interest paid on student loans to the IRS and the students.

US Code: 26 USC 6050S Name of Law: Returns relating to higher education tuition and related expenses
  
None

Not associated with rulemaking

  72 FR 8069 02/22/2007
72 FR 31897 06/08/2007
No

1
IC Title Form No. Form Name
Student Loan Interest Statement 1098-E Student Loan Interest Statement

  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 8,761,303 8,761,303 0 0 0 0
Annual Time Burden (Hours) 1,051,357 1,051,357 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$66,664
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Melody Devoe 2022837635

  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.
06/08/2007


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