83 FR 51068 - Proposed Collection; Comment Request for Form 8908

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 83, Issue 196 (October 10, 2018)

Page Range		51068-51069
FR Document		2018-21997

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 Energy Efficient Home Credit.

Federal Register, Volume 83 Issue 196 (Wednesday, October 10, 2018)

[Federal Register Volume 83, Number 196 (Wednesday, October 10, 2018)]
[Notices]
[Pages 51068-51069]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-21997]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8908

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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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 Energy Efficient 
Home Credit.

DATES: Written comments should be received on or before December 10, 
2018 to be assured of consideration.

ADDRESSES: Direct all written comments to Laurie Brimmer, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or

[[Page 51069]]

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: Energy Efficient Home Credit.
    OMB Number: 1545-1979.
    Form Number: 8908.
    Abstract: Under current law, the energy efficient home credit is 
not available for qualified new energy efficient homes sold or leased 
after 2017 [IRC 45L(g)]. It is, of course, possible that this credit 
will be extended and available for 2018. Regardless, however, a partner 
in a fiscal year partnership or shareholder of a fiscal year S 
corporation may receive an energy efficient home credit that must be 
reported on a 2018 return [IRC 706(a); IRC 1366(a)]. Recipients of 
these ``pass-through'' credits who are partnerships or S corporations 
must report these amounts on Form 8908, line 3. All others can report 
these amounts directly on Form 3800, Part III, line 1p.
    Current Actions:
    1. The text for lines 1a, 1b, 2a, and 2b is replaced with 
``Reserved for future use'' and the entry boxes are gray shaded, 
impacting programming and processing of paper returns. (In focus group 
testing, almost all participants were confused with a line that just 
had the text ``Reserved'' and wanted to know why it was reserved. 
Testing ``Reserved for future use'' allayed those concerns.)
    2. For electronic programming of lines 1a through 2b, the Schema/
Stylesheet Data Element and Element Name for MeF needn't change; a 
Business Rule for MeF may be added so that any entry other than zero is 
invalid and isn't allowed.
    3. The instructions for lines 1a through 2b will tell filers to 
treat the amounts on those lines as zero when any form, worksheet, or 
instruction refers to those lines (for example, line 4 asks filers to 
add lines 1b, 2b, and 3).
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses and other for-profit organizations.
    Estimated Number of Respondents: 198,000.
    Estimated Time per Respondent: 2 hours., 35 minutes.
    Estimated Total Annual Burden Hours: 512,820.
    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: October 3, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-21997 Filed 10-9-18; 8:45 am]
 BILLING CODE 4830-01-P

$Federal Register / Vol. 83, No. 196 / Wednesday, October 10, 2018 / Notices 51069 copies of the form and instructions group testing, almost all participants displays a valid OMB control number. should be directed to Martha R. Brinson, were confused with a line that just had Books or records relating to a collection at (202)317–5753, or at Internal Revenue the text ‘‘Reserved’’ and wanted to know of information must be retained as long Service, Room 6526, 1111 Constitution why it was reserved. Testing ‘‘Reserved as their contents may become material Avenue NW, Washington, DC 20224, or for future use’’ allayed those concerns.) in the administration of any internal through the internet at 2. For electronic programming of lines revenue law. Generally, tax returns and Martha.R.Brinson@irs.gov. 1a through 2b, the Schema/Stylesheet tax return information are confidential, SUPPLEMENTARY INFORMATION: Data Element and Element Name for as required by 26 U.S.C. 6103. Title: Energy Efficient Home Credit. MeF needn’t change; a Business Rule for Request for Comments: Comments OMB Number: 1545–1979. MeF may be added so that any entry submitted in response to this notice will Form Number: 8908. other than zero is invalid and isn’t be summarized and/or included in the Abstract: Under current law, the allowed. request for OMB approval. Comments energy efficient home credit is not 3. The instructions for lines 1a will be of public record. Comments are available for qualified new energy through 2b will tell filers to treat the invited on: (a) Whether the collection of efficient homes sold or leased after 2017 amounts on those lines as zero when information is necessary for the proper [IRC 45L(g)]. It is, of course, possible any form, worksheet, or instruction performance of the functions of the that this credit will be extended and refers to those lines (for example, line 4 agency, including whether the available for 2018. Regardless, however, asks filers to add lines 1b, 2b, and 3). information has practical utility; (b) the a partner in a fiscal year partnership or Type of Review: Extension of a accuracy of the agency’s estimate of the shareholder of a fiscal year S currently approved collection. burden of the collection of information; corporation may receive an energy Affected Public: Businesses and other (c) ways to enhance the quality, utility, efficient home credit that must be for-profit organizations. and clarity of the information to be reported on a 2018 return [IRC 706(a); Estimated Number of Respondents: collected; (d) ways to minimize the IRC 1366(a)]. Recipients of these ‘‘pass- 198,000. burden of the collection of information through’’ credits who are partnerships Estimated Time per Respondent: 2 on or other forms of information or S corporations must report these hours., 35 minutes. technology; and (e) estimates of capital amounts on Form 8908, line 3. All Estimated Total Annual Burden or start-up costs and costs of operation, others can report these amounts directly Hours: 512,820. maintenance, and purchase of services on Form 3800, Part III, line 1p. The following paragraph applies to all to provide information. Current Actions: of the collections of information covered 1. The text for lines 1a, 1b, 2a, and 2b by this notice: Approved: October 3, 2018. is replaced with ‘‘Reserved for future An agency may not conduct or Laurie Brimmer, use’’ and the entry boxes are gray sponsor, and a person is not required to Senior Tax Analyst. shaded, impacting programming and respond to, a collection of information [FR Doc. 2018–21997 Filed 10–9–18; 8:45 am] processing of paper returns. (In focus unless the collection of information BILLING CODE 4830–01–P amozie on DSK3GDR082PROD with NOTICES1 VerDate Sep<11>2014 21:20 Oct 09, 2018 Jkt 247001 PO 00000 Frm 00186 Fmt 4703 Sfmt 9990 E:\FR\FM\10OCN1.SGM 10OCN1$

Document Created: 2018-10-10 17:37:14
Document Modified: 2018-10-10 17:37:14

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 December 10, 2018 to be assured of consideration.
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 [email protected]
FR Citation		83 FR 51068

83 FR 51068 - Proposed Collection; Comment Request for Form 8908

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 83, Issue 196 (October 10, 2018)

DEPARTMENT OF THE TREASURY
Internal Revenue Service