Proposed Collection; Comment Request for the General Business Credit, 47291 [2020-16970]
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Federal Register / Vol. 85, No. 150 / Tuesday, August 4, 2020 / Notices
Approved: July 30, 2020.
ChaKinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2020–16973 Filed 8–3–20; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for the General Business
Credit
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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 proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995.
Currently, the IRS is soliciting
comments concerning Form 3800,
General Business Credit.
DATES: Written comments should be
received on or before October 5, 2020 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Chakinna Clemons, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
Requests for additional information or
copies of the form and instructions
should be directed to LaNita Van Dyke,
at (202) 317–6009, at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet, at
Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: General Business Credit.
OMB Number: 1545–0895.
Form Number: Form 3800.
Abstract: Internal Revenue Code
section 38 permits taxpayers to reduce
their income tax liability by the amount
of their general business credit, which is
an aggregation of their investment
credit, work opportunity credit, welfareto-work credit, alcohol fuel credit,
research credit, low-income housing
credit, disabled access credit, enhanced
oil recovery credit, etc. Form 3800 is
used to figure the correct credit.
Current Actions: We have made no
changes to Form 3800 at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, farms and
individuals.
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SUMMARY:
VerDate Sep<11>2014
18:14 Aug 03, 2020
Jkt 250001
Estimated Number of Respondents:
250,000.
Estimated Time per Respondent:
33.38 hours.
Estimated Total Annual Burden
Hours: 8,345,500.
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 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 30, 2020.
Chakinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2020–16970 Filed 8–3–20; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 15597
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service,
as part of its continuing effort to reduce
paperwork and respondent burden,
invites the general public and other
SUMMARY:
PO 00000
Frm 00132
Fmt 4703
Sfmt 4703
47291
Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995.
Currently, the IRS is soliciting
comments concerning Form 15597,
Foreclosure Sale Purchaser Contact
Information Request.
DATES: Written comments should be
received on or before October 5, 2020 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Chakinna Clemons, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
Requests for additional information or
copies of the form and instructions
should be directed to LaNita Van Dyke,
at (202) 317–6009, at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Foreclosure Sale Purchaser
Contact Information Request.
OMB Number: 1545–2199.
Form Number: Form 15597.
Abstract: Form 15597, Foreclosure
Sale Purchaser Contact Information
Request, is information requested of
individuals or businesses that have
purchased real property at a third-party
foreclosure sale. If the IRS has filed a
‘‘Notice of Federal Tax Lien’’ publically
notifying a taxpayer’s creditors that the
taxpayer owes the IRS a tax debt, AND
a creditor senior to the IRS position later
forecloses on their creditor note (such as
the mortgage holder of a taxpayers
primary residence) THEN the IRS tax
claim is discharged or removed from the
property (if the appropriate foreclosure
rules are followed) and the foreclosure
sale purchaser buys the property free
and clear of the IRS claim EXCEPT that
the IRS retains the right to ‘‘redeem’’ or
buy back the property from the
foreclosure sale purchaser w/in 120
days after the foreclosure sale.
Collection of this information is
authorized by 28 U.S.C. 2410 and IRC
7425.
Current Actions: There are no changes
made to the burden previously reported
to OMB. This is for renewal purposes
only.
Type of Review: Extension of a
previously approved collection.
Affected Public: Individuals or
households, Business or other for-profit
groups, Not-for-profit institutions,
Farms, Federal Government, State,
Local, or Tribal Governments.
Estimated Number of Responses: 150.
Estimated Time per Respondent: 4.08
hours
E:\FR\FM\04AUN1.SGM
04AUN1
]]>Agencies
[Federal Register Volume 85, Number 150 (Tuesday, August 4, 2020)]
[Notices]
[Page 47291]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-16970]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for the General Business
Credit
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
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
proposed and/or continuing information collections, as required by the
Paperwork Reduction Act of 1995. Currently, the IRS is soliciting
comments concerning Form 3800, General Business Credit.
DATES: Written comments should be received on or before October 5, 2020
to be assured of consideration.
ADDRESSES: Direct all written comments to Chakinna Clemons, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224. Requests for additional information or copies of the form and
instructions should be directed to LaNita Van Dyke, at (202) 317-6009,
at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or through the internet, at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: General Business Credit.
OMB Number: 1545-0895.
Form Number: Form 3800.
Abstract: Internal Revenue Code section 38 permits taxpayers to
reduce their income tax liability by the amount of their general
business credit, which is an aggregation of their investment credit,
work opportunity credit, welfare-to-work credit, alcohol fuel credit,
research credit, low-income housing credit, disabled access credit,
enhanced oil recovery credit, etc. Form 3800 is used to figure the
correct credit.
Current Actions: We have made no changes to Form 3800 at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, farms
and individuals.
Estimated Number of Respondents: 250,000.
Estimated Time per Respondent: 33.38 hours.
Estimated Total Annual Burden Hours: 8,345,500.
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
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 30, 2020.
Chakinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2020-16970 Filed 8-3-20; 8:45 am]
BILLING CODE 4830-01-P
