Proposed Collection; Comment Request for Regulation Project, 41365-41366 [2014-16579]
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mstockstill on DSK4VPTVN1PROD with NOTICES
Federal Register / Vol. 79, No. 135 / Tuesday, July 15, 2014 / Notices
December 23, 2004. A taxpayer making
a qualified equity investment in a
qualified community development
entity that has received a new markets
tax credit allocation may claim a 5percent tax credit with respect to the
qualified equity investment on each of
the first 3 credit allowance dates and a
6-percent tax credit with respect to the
qualified equity investment on each of
the remaining 4 credit allowance dates.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
816.
Estimated Time per Respondents: 15
minutes.
Estimated Total Annual Burden
Hours: 210.
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: June 30, 2014.
R. Joseph Durbala,
IRS Supervisory Tax Analyst.
[FR Doc. 2014–16481 Filed 7–14–14; 8:45 am]
BILLING CODE 4830–01–P
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17:46 Jul 14, 2014
Jkt 232001
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8823
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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
8823, Low-Income Housing Credit
Agencies Report of Noncompliance or
Building Disposition.
DATES: Written comments should be
received on or before September 15,
2014 to be assured of consideration.
ADDRESSES: Direct all written comments
to, R. Joseph Durbala, 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, LaNita Van Dyke,
or through the internet at
LanitaVanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Low-Income Housing Credit
Agencies Report of Noncompliance or
Building Disposition.
OMB Number: 1545–1204.
Form Number: 8823.
Abstract: Under Internal Revenue
Code section 42(m)(1)(B)(iii), state
housing credit agencies are required to
notify the IRS of noncompliance with
the low-income housing tax credit
provisions. A separate form must be
filed for each building that is not in
compliance. The IRS uses this
information to determine whether the
low-income housing credit is being
correctly claimed and whether there is
any credit recapture.
Current Actions: Form 8823 was not
revised; however, adjustments were
made to the burden computation to
accurately reflect the total burden hours
associated with this collection, which
resulted in a decrease of 69,000 hours,
making the new burden hours 303,200.
Type of Review: Revision of a
currently approved collection.
Affected Public: State or local
government housing credit agencies.
SUMMARY:
PO 00000
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Sfmt 4703
41365
Estimated Number of Respondents:
20,000.
Estimated Total Annual Burden
Hours: 303,200.
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: June 9, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014–16485 Filed 7–14–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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
SUMMARY:
E:\FR\FM\15JYN1.SGM
15JYN1
41366
Federal Register / Vol. 79, No. 135 / Tuesday, July 15, 2014 / Notices
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 lowincome housing credit for federallyassisted buildings.
DATES: Written comments should be
received on or before September 15,
2014 to be assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this regulation should be
directed to Kerry Dennis, Internal
Revenue Service, Room 6129, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the internet at
Kerry.Dennis@irs.gov.
mstockstill on DSK4VPTVN1PROD with NOTICES
SUPPLEMENTARY INFORMATION:
Title: Low-Income Housing Credit for
Federally-assisted Buildings.
OMB Number: 1545–1005.
Regulation Project Number: TD 8302.
Abstract: The regulation provides
state and local housing credit agencies
and owners of qualified low-income
buildings with guidance regarding
compliance with the waiver
requirement of section 42(d)(6) of the
Internal Revenue Code. The regulation
requires documentary evidence of
financial distress leading to a potential
claim against a Federal mortgage
insurance fund in order to get a written
waiver from the IRS for the acquirer of
the qualified low-income building to
properly claim the low-income housing
credit.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals or
households, not-for-profit institutions,
and Federal, state, local or tribal
governments.
Estimated Number of Respondents:
1,000.
Estimated Time per Respondent: 3
hrs.
Estimated Total Annual Burden
Hours: 3,000.
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
VerDate Mar<15>2010
17:46 Jul 14, 2014
Jkt 232001
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 8, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014–16579 Filed 7–14–14; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Regulation Project
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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)). The IRS is soliciting
comments concerning information
collection requirements related to
amortizable bond premium.
DATES: Written comments should be
received on or before September 15,
2014 to be assured of consideration.
ADDRESSES: Direct all written comments
to R. Joseph Durbala, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
SUMMARY:
PO 00000
Frm 00121
Fmt 4703
Sfmt 4703
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the regulations 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 Gerald.J.Shields@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Amortizable Bond Premium.
OMB Number: 1545–1491.
Regulation Project Number: REG–
209798–95, T.D. 8746.
Abstract: This regulation addresses
the tax treatment of bond premium. The
regulation provides that a holder may
make an election to amortize bond
premium by offsetting interest income
with bond premium, and the holder
must attach a statement to their tax
return providing certain information.
The regulation also provides that a
taxpayer may receive automatic consent
to change its method of accounting for
premium provided the taxpayer attaches
a statement to its tax return. The
information requested is necessary for
the IRS to determine whether an issuer
or a holder has changed its method of
accounting for premium.
Current Actions: There is no change to
this existing regulation.
Type of Review: Extension of a
currently approved collection.
Affected Public: Businesses or other
for-profit organizations and individuals.
Estimated Number of Respondents:
10,000.
Estimated Total Annual Burden
Hours: 7,500.
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
E:\FR\FM\15JYN1.SGM
15JYN1
]]>Agencies
[Federal Register Volume 79, Number 135 (Tuesday, July 15, 2014)]
[Notices]
[Pages 41365-41366]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-16579]
-----------------------------------------------------------------------
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.
-----------------------------------------------------------------------
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
[[Page 41366]]
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 low-income housing credit for federally-assisted
buildings.
DATES: Written comments should be received on or before September 15,
2014 to be assured of consideration.
ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this regulation should be directed to Kerry Dennis, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224, or through the internet at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Low-Income Housing Credit for Federally-assisted Buildings.
OMB Number: 1545-1005.
Regulation Project Number: TD 8302.
Abstract: The regulation provides state and local housing credit
agencies and owners of qualified low-income buildings with guidance
regarding compliance with the waiver requirement of section 42(d)(6) of
the Internal Revenue Code. The regulation requires documentary evidence
of financial distress leading to a potential claim against a Federal
mortgage insurance fund in order to get a written waiver from the IRS
for the acquirer of the qualified low-income building to properly claim
the low-income housing credit.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations,
individuals or households, not-for-profit institutions, and Federal,
state, local or tribal governments.
Estimated Number of Respondents: 1,000.
Estimated Time per Respondent: 3 hrs.
Estimated Total Annual Burden Hours: 3,000.
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 8, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014-16579 Filed 7-14-14; 8:45 am]
BILLING CODE 4830-01-P
