80 FR 72489 - Proposed Collection; Comment Request for Form 8874

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 223 (November 19, 2015)

Page Range		72489-72489
FR Document		2015-29568

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 8874, New Markets Credit.

Federal Register, Volume 80 Issue 223 (Thursday, November 19, 2015)

[Federal Register Volume 80, Number 223 (Thursday, November 19, 2015)]
[Notices]
[Page 72489]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-29568]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8874

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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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 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 8874, New Markets Credit.

DATES: Written comments should be received on or before January 19, 
2016 to be assured of consideration.

ADDRESSES: Direct all written comments to Michael Joplin, 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 Kerry Dennis, 
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the Internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: New Markets Credit.
    OMB Number: 1545-1804.
    Form Number: Form 8874.
    Abstract: Investors to claim a credit for equity investments made 
in Qualified Community Development Entities use Form 8874.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB. This form is being submitted for renewal 
purposes only.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, and business or other 
for-profit organizations.
    Estimated Number of Respondents: 6,666.
    Estimated Time per Respondent: 4 hours, 52 minutes.
    Estimated Total Annual Burden Hours: 32,464.
    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.

    Dated: November 12, 2015.
Michael Joplin,
IRS Reports Clearance Officer.
[FR Doc. 2015-29568 Filed 11-18-15; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 80, No. 223 / Thursday, November 19, 2015 / Notices 72489

be summarized and/or included in the SUPPLEMENTARY INFORMATION: DEPARTMENT OF THE TREASURY
request for OMB approval. All Title: New Markets Credit.
comments will become a matter of OMB Number: 1545–1804. Internal Revenue Service
public record. Comments are invited on: Form Number: Form 8874.
(a) Whether the collection of Proposed Collection; Comment
Abstract: Investors to claim a credit
information is necessary for the proper Request for Form 8900
for equity investments made in
performance of the functions of the Qualified Community Development AGENCY: Internal Revenue Service (IRS),
agency, including whether the Entities use Form 8874. Treasury.
information shall have practical utility; Current Actions: There is no change ACTION: Notice and request for
(b) the accuracy of the agency’s estimate in the paperwork burden previously comments.
of the burden of the collection of approved by OMB. This form is being
information; (c) ways to enhance the submitted for renewal purposes only. SUMMARY: The Department of the
quality, utility, and clarity of the Type of Review: Extension of a Treasury, as part of its continuing effort
information to be collected; (d) ways to currently approved collection. to reduce paperwork and respondent
minimize the burden of the collection of Affected Public: Individuals or burden, invites the general public and
information on respondents, including households, and business or other for- other Federal agencies to take this
through the use of automated collection profit organizations. opportunity to comment on proposed
techniques or other forms of information and/or continuing information
Estimated Number of Respondents:
technology; and (e) estimates of capital collections, as required by the
6,666.
or start-up costs and costs of operation, Paperwork Reduction Act of 1995,
maintenance, and purchase of services Estimated Time per Respondent: 4
hours, 52 minutes. Public Law 104–13 (44 U.S.C.
to provide information. 3506(c)(2)(A)). Currently, the IRS is
Estimated Total Annual Burden
Approved: November 13, 2015. Hours: 32,464. soliciting comments concerning Form
Michael Joplin, The following paragraph applies to all 8900, Qualified Railroad Track
IRS Reports Clearance Officer. of the collections of information covered Maintenance Credit.
[FR Doc. 2015–29567 Filed 11–18–15; 8:45 am] by this notice: DATES: Written comments should be
BILLING CODE 4830–01–P An agency may not conduct or received on or before January 19, 2016
sponsor, and a person is not required to to be assured of consideration.
respond to, a collection of information ADDRESSES: Direct all written comments
DEPARTMENT OF THE TREASURY unless the collection of information to Michael Joplin, Internal Revenue
displays a valid OMB control number. Service, Room 6129, 1111 Constitution
Internal Revenue Service Avenue NW., Washington, DC 20224.
Books or records relating to a collection
Proposed Collection; Comment of information must be retained as long FOR FURTHER INFORMATION CONTACT:
Request for Form 8874 as their contents may become material Requests for additional information or
in the administration of any internal copies of the form and instructions
AGENCY: Internal Revenue Service (IRS), revenue law. Generally, tax returns and should be directed to Kerry Dennis, at
Treasury. tax return information are confidential, Internal Revenue Service, Room 6129,
ACTION: Notice and request for as required by 26 U.S.C. 6103. 1111 Constitution Avenue NW.,
comments. Request for Comments: Comments Washington, DC 20224, or through the
submitted in response to this notice will internet at Kerry.Dennis@irs.gov.
SUMMARY: The Department of the
be summarized and/or included in the SUPPLEMENTARY INFORMATION:
Treasury, as part of its continuing effort
request for OMB approval. All Title: Qualified Railroad Track
to reduce paperwork and respondent
comments will become a matter of Maintenance Credit.
burden, invites the general public and
public record. Comments are invited on: OMB Number: 1545–1983.
other Federal agencies to take this
(a) Whether the collection of Form Number: 8900.
opportunity to comment on proposed
information is necessary for the proper Abstract: Form 8900 Qualified
and/or continuing information
performance of the functions of the Railroad Track Maintenance Credit, was
collections, as required by the
agency, including whether the developed to carry out the provisions of
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C. information shall have practical utility; Code section 45G. This section was
3506(c)(2)(A)). Currently, the IRS is (b) the accuracy of the agency’s estimate added by section 245 of the American
soliciting comments concerning Form of the burden of the collection of Jobs Creation Act of 2004 (Pub. L. 108–
8874, New Markets Credit. information; (c) ways to enhance the 357). Form 8900 provides a means for
quality, utility, and clarity of the the eligible taxpayer to compute the
DATES: Written comments should be
information to be collected; (d) ways to amount of credit.
received on or before January 19, 2016 Current Actions: There are no changes
minimize the burden of the collection of
to be assured of consideration. in the paperwork burden previously
information on respondents, including
ADDRESSES: Direct all written comments approved by OMB. This form is being
through the use of automated collection
to Michael Joplin, Internal Revenue techniques or other forms of information submitted for renewal purposes only.
Service, Room 6129, 1111 Constitution technology; and (e) estimates of capital Type of Review: Extension of a current
Avenue NW., Washington, DC 20224. or start-up costs and costs of operation, OMB approval.
mstockstill on DSK4VPTVN1PROD with NOTICES

FOR FURTHER INFORMATION CONTACT: maintenance, and purchase of services Affected Public: Business or other for-
Requests for additional information or to provide information. profit organizations and farms.
copies of the form and instructions Estimated Number of Respondents:
should be directed to Kerry Dennis, Dated: November 12, 2015.
333.
Internal Revenue Service, Room 6129, Michael Joplin, Estimated Time per Respondent: 5
1111 Constitution Avenue NW., IRS Reports Clearance Officer. hours, 58 minutes.
Washington, DC 20224, or through the [FR Doc. 2015–29568 Filed 11–18–15; 8:45 am] Estimated Total Annual Burden
Internet at Kerry.Dennis@irs.gov. BILLING CODE 4830–01–P Hours: 1,985.

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Document Created: 2015-12-14 13:56:36
Document Modified: 2015-12-14 13:56:36

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice and request for comments.
Dates		Written comments should be received on or before January 19, 2016 to be assured of consideration.
Contact		Requests for additional information or copies of the form and instructions should be directed to Kerry Dennis, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at [email protected]
FR Citation		80 FR 72489

80 FR 72489 - Proposed Collection; Comment Request for Form 8874

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 80, Issue 223 (November 19, 2015)

DEPARTMENT OF THE TREASURY
Internal Revenue Service