General Instructions For Form 5884 - 2007 (Page 3 of 3) in pdf

General Instructions For Form 5884 - 2007 Page 3

Form 5884 (2007)

Page

Line 22

The time needed to complete and file this form will vary

depending on individual circumstances. The estimated burden

If you cannot use all of the credit because of the tax liability

for individual taxpayers filing this form is approved under OMB

limit, carry the unused credit back 1 year then forward up to

control number 1545-0074 and is included in the estimates

20 years. When carrying back the credit from 2007 to 2006,

shown in the instructions for their individual income tax return.

use the 2006 Form 6478, Credit for Alcohol Used as Fuel, line

The estimated burden for all other taxpayers who file this form

10, and enter “W” to the left of the entry space.

is shown below.

Recordkeeping

8 hr., 36 min.

Paperwork Reduction Act Notice. We ask for the

information on this form to carry out the Internal Revenue laws

Learning about the law

of the United States. You are required to give us the

or the form

1 hr.

information. We need it to ensure that you are complying with

Preparing and sending

these laws and to allow us to figure and collect the right

the form to the IRS

1 hr., 10 min.

amount of tax.

If you have comments concerning the accuracy of these

You are not required to provide the information requested

time estimates or suggestions for making this form simpler,

on a form that is subject to the Paperwork Reduction Act

we would be happy to hear from you. See the instructions for

unless the form displays a valid OMB control number. Books

the tax return with which this form is filed.

or records relating to a form or its instructions must be

retained as long as their contents may become material in the

administration of any Internal Revenue law. Generally, tax

returns and return information are confidential, as required by

section 6103.

General Instructions For Form 5884 - 2007 Page 3