[Federal Register Volume 78, Number 192 (Thursday, October 3, 2013)]
[Notices]
[Page 61448]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-24260]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8834
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
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 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
Form 8834, Qualified Electric Vehicle Credit.
DATES: Written comments should be received on or before December 2,
2013 to be assured of consideration.
ADDRESSES: Direct all written comments to Yvette Lawrence, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Kerry Dennis
at Internal Revenue Service, room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the internet at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Qualified Electric Vehicle Credit. OMB Number: 1545-1374.
Form Number: Form 8834.
Abstract: Form 8834 is used to claim any qualified electric vehicle
passive activity credit allowed for the current tax year. The IRS uses
the information on the form to determine that the credit is allowable
and has been properly computed.
Current Actions: There are changes being made to the form.
The changes to the form are a result of the expiration of the
qualified plug-in electric vehicle credit for vehicles acquired after
2011 (IRC 30(f)). As a result of the expiration, Form 8834 is only used
to claim any qualified electric vehicle passive activity credit allowed
for the current tax year. Changes to the form will decrease burden by
16,495 hours (31,517 to 15,022 hours). The department has increased its
estimate of the annual number of responses by 2,636 (from 500 to
3,136). This will increase burden by 26,492 hours. The combined effect
of these changes will have an overall hourly increase of burden to
9,997 (from 5,025 to 15,022 hours).
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals or households and businesses or other
for-profit organizations.
Estimated Number of Respondents: 3,136.
Estimated Time per Respondent: 4 hours, 47 minutes.
Estimated Total Annual Burden Hours: 15,022.
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 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 start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: September 25, 2013.
Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2013-24260 Filed 10-2-13; 8:45 am]
BILLING CODE 4830-01-P