81_FR_14991 81 FR 14938 - Proposed Collection; Comment Request for Form 8912

81 FR 14938 - Proposed Collection; Comment Request for Form 8912

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 53 (March 18, 2016)

Page Range14938-14939
FR Document2016-06084

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 8912, Credit to Holders of Tax Credit Bonds.

Federal Register, Volume 81 Issue 53 (Friday, March 18, 2016) 
[Federal Register Volume 81, Number 53 (Friday, March 18, 2016)]
[Notices]
[Pages 14938-14939]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-06084]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8912

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 8912, Credit to Holders of Tax Credit Bonds.

DATES: Written comments should be received on or before May 17, 2016 to 
be assured of consideration.

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

SUPPLEMENTARY INFORMATION: 
    Title: Credit to Holders of Tax Credit Bonds.
    OMB Number: 1545-2025.
    Form Number: Form 8912.
    Abstract: Form 8912, Credit to Holders of Tax Credit Bonds, was 
developed to carry out the provisions of Internal Revenue Code sections 
54 and 1400N(l). The form provides a means for the taxpayer to claim 
the credit for the following tax credit bonds: Clean renewable energy 
bond (CREB), New clean renewable energy bond (NCREB), Qualified energy 
conservation bond (QECB), Qualified zone academy bond (QZAB), Qualified 
school construction bond (QSCB), and Build America bond (BAB).
    Current Actions: There is a change in the paperwork burden 
previously approved by OMB. Parts IV and V were added to report bond 
credit not reported on Form 1097-BTC, resulting in an overall hourly 
increase of 1,335 hours. The new burden total for this collection is 
6,890 hours.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Businesses and other for-profit organizations, 
Farms.
    Estimated Number of Respondents: 500.
    Estimated Time per Respondent: 13 hours 47 minutes.
    Estimated Total Annual Burden Hours: 6,890.
    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

[[Page 14939]]

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: March 10, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-06084 Filed 3-17-16; 8:45 am]
BILLING CODE 4830-01-P

14938 Federal Register / Vol. 81, No. 53 / Friday, March 18, 2016 / Notices Abstract: Revenue Procedure 97–43 have a consistency requirement, collections, as required by the provides taxpayers automatic consent to meaning that the beneficiary must use Paperwork Reduction Act of 1995, change to mark-to-market accounting for the value reported on the Schedule A as Public Law 104–13 (44 U.S.C. securities after the taxpayer elects under the beneficiary’s initial basis of the 3506(c)(2)(A)). Currently, the IRS is regulation section 1.475(c)–1, subject to property. soliciting comments concerning Form certain terms and conditions. Revenue A beneficiary is an individual, trust, 8912, Credit to Holders of Tax Credit Ruling 97–39 provides taxpayers or other estate who has acquired (or is Bonds. additional mark-to-market guidance expected to acquire) property from the DATES: Written comments should be under section 475 of the Internal estate. If the executor is also a received on or before May 17, 2016 to Revenue Code. beneficiary who has acquired (or is be assured of consideration. Current Actions: There are no changes expected to acquire) property from the ADDRESSES: Direct all written comments being made to the revenue procedure or estate, the executor is a beneficiary for to Tuawana Pinkston, Internal Revenue revenue ruling at this time. purposes of the Form 8971 and Type of Review: Extension of a Service, Room 6129, 1111 Constitution Schedule A. currently approved collection. Current Actions: There is no change Avenue NW., Washington, DC 20224. Affected Public: Business or other for- in the paperwork burden previously FOR FURTHER INFORMATION CONTACT: profit organizations. approved by OMB. Requests for additional information or Estimated Number of Respondents: Type of Review: Extension of a copies of the form and instructions 200. currently approved collection. should be directed to Kerry Dennis, at Estimated Time per Respondent: 5 Affected Public: Individuals, Business Internal Revenue Service, Room 6129, hours. or other for-profit organization, and not- 1111 Constitution Avenue NW., Estimated Total Annual Burden for-profit institutions. Washington, DC 20224, or through the Hours: 1,000. Estimated Number of Responses: Internet at Kerry.Dennis@irs.gov. 5. Title: Modernized e-File—Non- 10,000. SUPPLEMENTARY INFORMATION: compliance with Mandate for Large Estimated Time Per Response: 5.31 Title: Credit to Holders of Tax Credit Corporations to file electronically. minutes. Bonds. OMB Number: 1545–2023. Estimated Total Annual Burden OMB Number: 1545–2025. Form Number: MeF letter. Hours: 53,100. Form Number: Form 8912. Abstract: Service will contact those The following paragraph applies to all Abstract: Form 8912, Credit to taxpayers who file paper income tax of the collections of information covered Holders of Tax Credit Bonds, was returns to determine if these taxpayers by this notice: developed to carry out the provisions of should have filed electronic returns An agency may not conduct or Internal Revenue Code sections 54 and under the Mandate, Treasury Regulation sponsor, and a person is not required to 1400N(l). The form provides a means for Section 301.6011–5T. respond to, a collection of information the taxpayer to claim the credit for the Current Actions: There is no change unless the collection of information following tax credit bonds: Clean in the paperwork burden previously displays a valid OMB control number. renewable energy bond (CREB), New approved by OMB. This form is being Books or records relating to a collection clean renewable energy bond (NCREB), submitted for renewal purposes only. of information must be retained as long Qualified energy conservation bond Type of Review: Extension of a as their contents may become material (QECB), Qualified zone academy bond currently approved collection. in the administration of any internal (QZAB), Qualified school construction Affected Public: Businesses and other revenue law. Generally, tax returns and bond (QSCB), and Build America bond for-profit organizations. tax return information are confidential, (BAB). Estimated Number of Respondents: as required by 26 U.S.C. 6103. Current Actions: There is a change in 20,250. the paperwork burden previously Approved: March 11, 2016. Estimated Time per Respondent: 5 approved by OMB. Parts IV and V were minutes. Elaine Christophe, added to report bond credit not reported Estimated Total Annual Burden IRS Tax Analyst. on Form 1097–BTC, resulting in an Hours: 2,080. [FR Doc. 2016–06085 Filed 3–17–16; 8:45 am] overall hourly increase of 1,335 hours. 6. Title: Form 8971, Information BILLING CODE 4830–01–P The new burden total for this collection Regarding Beneficiaries Acquiring is 6,890 hours. Property from a Decedent. Type of Review: Revision of a OMB Number: 1545–2264. DEPARTMENT OF THE TREASURY currently approved collection. Form Number: 8971. Affected Public: Businesses and other Abstract: The Surface Transportation Internal Revenue Service for-profit organizations, Farms. and Veterans Health Care Choice Estimated Number of Respondents: Improvement Act of 2015 requires Proposed Collection; Comment Request for Form 8912 500. executors of an estate and other persons Estimated Time per Respondent: 13 who are required to file a Form 706, AGENCY: Internal Revenue Service (IRS), hours 47 minutes. Form 706–NA, or Form 706–A, to report Treasury. Estimated Total Annual Burden to the Internal Revenue Service (IRS) ACTION: Notice and request for Hours: 6,890. and to each beneficiary receiving The following paragraph applies to all asabaliauskas on DSK3SPTVN1PROD with NOTICES comments. property from an estate the estate tax of the collections of information covered value of the property, if the return is SUMMARY: The Department of the by this notice: filed after July 31, 2015. Form 8971 is Treasury, as part of its continuing effort An agency may not conduct or used to report to the IRS and a Schedule to reduce paperwork and respondent sponsor, and a person is not required to A will be sent to each beneficiary and burden, invites the general public and respond to, a collection of information a copy of each Schedule A will be other Federal agencies to take this unless the collection of information attached to the Form 8971. Some opportunity to comment on proposed displays a valid OMB control number. property received by a beneficiary may and/or continuing information Books or records relating to a collection VerDate Sep<11>2014 19:50 Mar 17, 2016 Jkt 238001 PO 00000 Frm 00117 Fmt 4703 Sfmt 4703 E:\FR\FM\18MRN1.SGM 18MRN1

Federal Register / Vol. 81, No. 53 / Friday, March 18, 2016 / Notices 14939 of information must be retained as long FOR FURTHER INFORMATION CONTACT: a.m. to 2:30 p.m. on April 29. All as their contents may become material Ms.Sheila Andrews, Taxpayer Advocacy sessions will be open to the public, and in the administration of any internal Panel Director, at for interested parties who cannot attend revenue law. Generally, tax returns and TaxpayerAdvocacyPanel@irs.gov. in person, there is a toll-free telephone tax return information are confidential, SUPPLEMENTARY INFORMATION: Notice is number (800) 767–1750; access code as required by 26 U.S.C. 6103. hereby given under section 10(a)(2) of 56978#. Request for Comments: Comments the Federal Advisory Committee Act, 5 The purpose of the Committee is to submitted in response to this notice will U.S.C. App. (1988), and with the provide advice and make be summarized and/or included in the approval of the Secretary of the recommendations to the Secretary of request for OMB approval. All Treasury to announce the charter Veterans Affairs on proposed research comments will become a matter of renewal for the Taxpayer Advocacy studies, research plans, and research public record. Comments are invited on: Panel Committee (TAP). The TAP strategies relating to the health (a) Whether the collection of purpose is to provide a taxpayer consequences of military service in the information is necessary for the proper perspective to the Internal Revenue Southwest Asia theater of operations performance of the functions of the Service (IRS) on critical tax during the Gulf War in 1990–1991. agency, including whether the administrative programs. The TAP shall information shall have practical utility; The Committee will review VA provide listening opportunities for program activities related to Gulf War (b) the accuracy of the agency’s estimate taxpayers to independently identify of the burden of the collection of Veterans’ illnesses, and hear updates on suggestions or comments to improve IRS relevant scientific research published information; (c) ways to enhance the customer service through grass roots quality, utility, and clarity of the since the last Committee meeting. outreach efforts, and have direct access Presentations will include updates on information to be collected; (d) ways to to elevate improvement minimize the burden of the collection of the VA Gulf War research program, recommendations to the appropriate along with research presentations information on respondents, including operating divisions. The TAP shall also through the use of automated collection describing neurological problems in serve as a focus group to provide Gulf War Veterans. There will also be a techniques or other forms of information suggestions and/or recommendations technology; and (e) estimates of capital discussion of Committee business and directly to IRS management on IRS activities. or start-up costs and costs of operation, strategic initiatives. maintenance, and purchase of services The meeting will include time to provide information. Dated: March 10, 2016. reserved for public comments each Theresa Singleton, afternoon. Sign-up sheet for 5-minute Approved: March 10, 2016. Acting Director, Taxpayer Advocacy Panel. comments will be available at the Tuawana Pinkston, [FR Doc. 2016–06086 Filed 3–17–16; 8:45 am] meeting. Individuals who wish to IRS Reports Clearance Officer. address the Committee may submit a BILLING CODE 4830–01–P [FR Doc. 2016–06084 Filed 3–17–16; 8:45 am] 1–2 page summary of their comments BILLING CODE 4830–01–P for inclusion in the official meeting DEPARTMENT OF VETERANS record. Members of the public may also AFFAIRS submit written statements for the DEPARTMENT OF THE TREASURY Committee’s review to Dr. Victor Research Advisory Committee on Gulf Kalasinsky via email at Internal Revenue Service War Veterans’ Illnesses; Notice of Victor.Kalasinsky@va.gov. Any member Advisory Group to the Commissioner Meeting of the public seeking additional of Internal Revenue; Charter Renewal information should contact Dr. The Department of Veterans Affairs Kalasinsky, Designated Federal Officer, AGENCY: Internal Revenue Service (IRS), (VA) gives notice under the Federal at (202) 443–5600. Treasury. Advisory Committee Act, 5 U.S.C., App. 2, that the Research Advisory Dated: March 15, 2016. ACTION: Notice. Committee on Gulf War Veterans’ Jelessa Burney, SUMMARY: The Charter for the Taxpayer Illnesses will meet on April 28–29, Federal Advisory Committee Management Advocacy Panel Committee (TAP), has 2016, at 1001 16th Street NW., Officer. been renewed for a two-year period Washington, DC, from 9:00 a.m. until [FR Doc. 2016–06153 Filed 3–17–16; 8:45 am] beginning March 8, 2016. 5:30 p.m. on April 28 and from 8:30 BILLING CODE 8320–01–P asabaliauskas on DSK3SPTVN1PROD with NOTICES VerDate Sep<11>2014 19:50 Mar 17, 2016 Jkt 238001 PO 00000 Frm 00118 Fmt 4703 Sfmt 9990 E:\FR\FM\18MRN1.SGM 18MRN1


Document Created: 2018-02-02 15:13:41
Document Modified: 2018-02-02 15:13:41
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comments.
DatesWritten comments should be received on or before May 17, 2016 to be assured of consideration.
ContactRequests for additional information or copies of the form and instructions should be directed to Kerry Dennis, at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the Internet at [email protected]
FR Citation81 FR 14938 
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