[Federal Register Volume 83, Number 146 (Monday, July 30, 2018)]
[Notices]
[Page 36670]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-16201]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Regulation Project
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Internal Revenue Service, 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
continuing information collections, as required by the Paperwork
Reduction Act of 1995. The IRS is soliciting comments concerning
election involving the repeal of the bonding requirement.
DATES: Written comments should be received on or before September 28,
2018 to be assured of consideration.
ADDRESSES: Direct all written comments to Laurie Brimmer, Internal
Revenue Service, Room 6529, 1111 Constitution Avenue NW, Washington, DC
20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form should be directed to Kerry Dennis, at (202) 317-
5751 or Internal Revenue Service, Room 6529, 1111 Constitution Avenue
NW, Washington DC 20224, or through the internet, at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Election Involving the Repeal of the Bonding Requirement
under Sec. 42(j)(6).
OMB Number: 1545-2120.
Revenue Procedure Number: 2008-60.
Abstract: This revenue procedure affects taxpayers who are
maintaining a surety bond or a Treasury Direct Account (TDA) to satisfy
the low-income housing tax credit recapture exception in Sec. 42(j)(6)
of the Internal Revenue Code (the Code), as in effect on or before July
30, 2008. This revenue procedure provides the procedures for taxpayers
to follow when making the election under section 3004(i)(2)(B)(ii) of
the Housing Assistance Tax Act of 2008 (Pub. L. 110-289) (the Act) to
no longer maintain a surety bond or a TDA to avoid recapture.
Current Actions: There are no changes to the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals and Households, Businesses and other
for-profit organizations.
Estimated Number of Respondents: 7,810.
Estimated Time per Respondent: 1 hour.
Estimated Total Annual Burden Hours: 7,810.
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: July 23, 2018.
Tuawana Pinkston,
Supervisory, Tax Analyst.
[FR Doc. 2018-16201 Filed 7-27-18; 8:45 am]
BILLING CODE 4830-01-P