[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]


-----------------------------------------------------------------------

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.

-----------------------------------------------------------------------

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