[Federal Register Volume 79, Number 46 (Monday, March 10, 2014)]
[Notices]
[Pages 13389-13390]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-05039]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Forms 8609 and 8609A
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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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 8609, Low-Income Housing Credit Allocation and Certification, and
Form 8609-A, Annual Statement for Low-Income Housing Credit.
DATES: Written comments should be received on or before May 9, 2014 to
be assured of consideration.
ADDRESSES: Direct all written comments to Christie A. Preston, 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 Gerald J.
Shields, LL.M., at Internal Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington, DC 20224, or through the Internet
at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Low-Income Housing Credit Allocation and Certification.
OMB Number: 1545-0988.
Form Number: Forms 8609 and 8609A.
Abstract: Owners of residential low-income rental buildings are
allowed a low-income housing credit for each qualified building over a
10-year credit period. Form 8609 can be used to obtain a housing credit
allocation from the housing credit agency. A separate Form 8609 must be
issued for each building in a multiple building project. Form 8609 is
also used to certify certain information. Form 8609-A is filed by a
building owner to report compliance with the low-income housing
provisions and calculate the low-income housing credit. Form 8609-A
must be filed by the building owner for each year of the 15-year
compliance period. File one Form 8609-A for the allocation(s) for the
acquisition of an existing building and a separate Form 8609-A for the
allocation(s) for rehabilitation expenditures.
Current Actions: This is an extension of a currently approved
collection without changes.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations and
farms.
Estimated Number of Respondents: 359,046.
Estimated Time per Respondent: 31hrs 01min.
Estimated Total Annual Burden Hours: 4,090,332.
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
[[Page 13390]]
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: February 21, 2014.
Christie A. Preston,
IRS Reports Clearance Officer.
[FR Doc. 2014-05039 Filed 3-7-14; 8:45 am]
BILLING CODE 4830-01-P