2018-09598. Proposed Collection; Comment Request for Form 8693  

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    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 Low-Income Housing Credit Disposition Bond.

    DATES:

    Written comments should be received on or before July 6, 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.

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    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.

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    SUPPLEMENTARY INFORMATION:

    Title: Low-Income Housing Credit Disposition Bond.

    OMB Number: 1545-1029.Start Printed Page 20142

    Form Number: 8693.

    Abstract: Form 8693 is needed per IRC section 42(j)(6) to post bond or establish a Treasury Direct Account and waive the recapture requirements under section 42(j) for certain disposition of a building on which the low-income housing credit was claimed. Internal Revenue regulations section 301.7101-1 requires that the posting of a bond must be done on the appropriate form as determined by the Internal Revenue Service.

    Current Actions: There are no changes being made to Form 8693 at this time.

    Type of Review: Extension of a currently approved collection.

    Affected Public: Business or other for-profit organizations and individuals.

    Estimated Number of Respondents: 667.

    Estimated Time Per Respondent: 5 hrs., 23 mins.

    Estimated Total Annual Burden Hours: 3,589.

    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 respondents, including 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.

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    Approved: April 26, 2018.

    Laurie Brimmer,

    Senior Tax Analyst.

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    [FR Doc. 2018-09598 Filed 5-4-18; 8:45 am]

    BILLING CODE 4830-01-P

Document Information

Published:
05/07/2018
Department:
Internal Revenue Service
Entry Type:
Notice
Action:
Notice and request for comments.
Document Number:
2018-09598
Dates:
Written comments should be received on or before July 6, 2018 to be assured of consideration.
Pages:
20141-20142 (2 pages)
PDF File:
2018-09598.Pdf