Proposed Collection; Comment Request Relating to Notice of Recapture Event for New Markets Credit, 54710 [2023-17250]
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54710
Federal Register / Vol. 88, No. 154 / Friday, August 11, 2023 / Notices
copies of the regulations should be
directed to Sara Covington, at (202)
317–5744, or Internal Revenue Service,
Room 6526, 1111 Constitution Avenue
NW, Washington, DC 20224, or through
the internet, at sara.l.covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Withholding of Tax and
Information Reporting With Respect to
Interests in Partnerships Engaged in a U.
S. Trade or Business.
OMB Control Number: 1545–2292.
Regulation Project Number: TD 9926.
Abstract: These final regulations
under section 1446(f) provide guidance
related to the withholding of tax and
information reporting with respect to
certain dispositions of interests in
partnerships engaged in a trade or
business within the United States. The
final regulations affect certain foreign
persons that recognize gain or loss from
the sale or exchange of an interest in a
partnership that is engaged in a trade or
business within the United States, and
persons that acquire those interests. The
final regulations also affect partnerships
that, directly or indirectly, have foreign
persons as partners.
Current Actions: There is no change to
existing regulation.
Type of Review: Extension without
change of a currently approved
collection.
Affected Public: Business or other forprofit organizations and individuals.
Estimated Number of Respondents:
76,000.
Estimated Time per Respondent: 40
minutes.
Estimated Total Annual Burden
Hours: 50,920.
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;
VerDate Sep<11>2014
16:59 Aug 10, 2023
Jkt 259001
(b) the accuracy of the agency’s estimate
of the burden of the collection f
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: August 7, 2023.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2023–17196 Filed 8–10–23; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request Relating to Notice of
Recapture Event for New Markets
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 continuing
information collections, as required by
the Paperwork Reduction Act of 1995.
The IRS is soliciting comments
concerning notice of recapture event for
new markets credit.
DATES: Written comments should be
received on or before October 10, 2023
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, or
by email to pra.comments@irs.gov.
Include OMB control number 1545–
2066 or Notice of Recapture Event for
New Markets Credit.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form should be directed to
Kerry Dennis at (202) 317–5751, or at
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet, at Kerry.L.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Notice of Recapture Event for
New Markets Credit.
OMB Number: 1545–2066.
SUMMARY:
PO 00000
Frm 00146
Fmt 4703
Sfmt 9990
Form Number: 8874–B.
Abstract: Community Development
Entities (CDEs) must provide
notification to any taxpayer holder of a
qualified equity investment (including
prior holders) that a recapture event has
occurred. This form is used to make the
notification as required under
Regulations section 1.45D–1(g)(2)(i)(B).
Current Actions: There are no changes
to burden.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individual or
households, Business or other for-profit.
Estimated Number of Respondents:
500.
Estimated Time per Response: 5
hours, 30 minutes.
Estimated Total Annual Burden
Hours: 2,755 hours.
The following paragraph applies to all
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 if 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: August 7, 2023.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2023–17250 Filed 8–10–23; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\11AUN1.SGM
11AUN1
]]>Agencies
[Federal Register Volume 88, Number 154 (Friday, August 11, 2023)]
[Notices]
[Page 54710]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-17250]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request Relating to Notice of
Recapture Event for New Markets 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
continuing information collections, as required by the Paperwork
Reduction Act of 1995. The IRS is soliciting comments concerning notice
of recapture event for new markets credit.
DATES: Written comments should be received on or before October 10,
2023 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, or by email to [email protected]. Include OMB control number
1545-2066 or Notice of Recapture Event for New Markets Credit.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form should be directed to Kerry Dennis at (202) 317-
5751, or at Internal Revenue Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or through the internet, at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Notice of Recapture Event for New Markets Credit.
OMB Number: 1545-2066.
Form Number: 8874-B.
Abstract: Community Development Entities (CDEs) must provide
notification to any taxpayer holder of a qualified equity investment
(including prior holders) that a recapture event has occurred. This
form is used to make the notification as required under Regulations
section 1.45D-1(g)(2)(i)(B).
Current Actions: There are no changes to burden.
Type of Review: Extension of a currently approved collection.
Affected Public: Individual or households, Business or other for-
profit.
Estimated Number of Respondents: 500.
Estimated Time per Response: 5 hours, 30 minutes.
Estimated Total Annual Burden Hours: 2,755 hours.
The following paragraph applies to all 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 if 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: August 7, 2023.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2023-17250 Filed 8-10-23; 8:45 am]
BILLING CODE 4830-01-P
