Extension without change of a currently approved collection
No
Regular
08/30/2023
Requested
Previously Approved
36 Months From Approved
08/31/2023
10,093,249
22,148,234
1,211,190
2,657,789
0
0
Section 6050S(b)(2) of the Internal
Revenue Code requires persons (financial institutions, governmental
units, etc.) to report payments of $600 or more of interest paid on
student loans to the IRS and the students. Form 1098-E has been
developed to report the interest received during the year.
US Code:
26
USC 6050S Name of Law: Returns relating to higher education
tuition and related expenses
There are no changes being made
to the form at this time. However, the estimated number of filers
has been reduced to 10,093,249 from 22,148,234, based on IRS most
recent filing data, resulting in a decrease of 1,446,599 burden
hours from previously approved estimates.
$146,659
No
Yes
Yes
No
No
No
No
Jacqueline Gonzales 240
643-5806
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.