Proposed Collection; Comment Request for Regulation Project, 63090 [2021-24826]
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63090
Federal Register / Vol. 86, No. 217 / Monday, November 15, 2021 / Notices
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 Internal Revenue Service
(IRS), 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 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 January 14, 2022
to be assured of consideration.
ADDRESSES: Direct all written comments
to Andres Garcia, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this revenue procedure should
be directed to Martha R. Brinson, at
(202) 317–5753, or at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Election Involving the Repeal of
the Bonding Requirement.
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 lowincome housing tax credit recapture
exception in § 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-forprofit organizations.
Estimated Number of Respondents:
7,810.
khammond on DSKJM1Z7X2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
16:42 Nov 12, 2021
Jkt 256001
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. Comments
will be 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 has 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 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: November 9, 2021.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2021–24826 Filed 11–12–21; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 637
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service
(IRS), 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 information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
SUMMARY:
PO 00000
Frm 00107
Fmt 4703
Sfmt 4703
Application for Registration (For Certain
Excise Tax Activities).
DATES: Written comments should be
received on or before January 14, 2022
to be assured of consideration.
ADDRESSES: Direct all written comments
to Andres Garcia, Internal Revenue
Service, Room 6526, 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 Martha R. Brinson,
at (202) 317–5753, or at Internal
Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington,
DC 20224, or through the internet at
Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Application for Registration (For
Certain Excise Tax Activities).
OMB Number: 1545–1835.
Form Number: 637.
Abstract: Form 637 is used to apply
for excise tax registration. The
registration applies to a person required
to be registered under Revenue code
section 4101 for purposes of the federal
excise tax on taxable fuel imposed
under Code sections 4041 and 4071; and
to certain manufacturers or sellers and
purchasers that must register under
Code section 4222 to be exempt from
the excise tax on taxable articles. The
data is used to determine if the
applicant qualifies for the exemption.
Taxable fuel producers are required by
Code section 4101 to register with the
Service before incurring any tax
liability.
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations, and not-for-profit
institutions, and farms.
Estimated Number of Respondents:
2,000.
Estimated Time per Respondent: 11
hrs., 19 mins.
Estimated Total Annual Burden
Hours: 22,620.
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.
E:\FR\FM\15NON1.SGM
15NON1
]]>Agencies
[Federal Register Volume 86, Number 217 (Monday, November 15, 2021)]
[Notices]
[Page 63090]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-24826]
[[Page 63090]]
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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.
-----------------------------------------------------------------------
SUMMARY: The Internal Revenue Service (IRS), 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 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 January 14,
2022 to be assured of consideration.
ADDRESSES: Direct all written comments to Andres Garcia, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this revenue procedure should be directed to Martha R.
Brinson, at (202) 317-5753, or at Internal Revenue Service, Room 6526,
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.
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.
Comments will be 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 has
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 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: November 9, 2021.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2021-24826 Filed 11-12-21; 8:45 am]
BILLING CODE 4830-01-P
