98-1078. 1998 Electronic Filing: Low-Income Housing Credit Forms

[Federal Register Volume 63, Number 11 (Friday, January 16, 1998)]
[Notices]
[Page 2722]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-1078]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


1998 Electronic Filing: Low-Income Housing Credit Forms

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Low-Income Housing Credit forms.

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SUMMARY: The Internal Revenue Service is planning to conduct an 
automated pilot program during 1998 for filing Low-Income Housing 
Credit forms to be filed electronically (via modem to modem). This 
pilot program will be available without geographic limitation, although 
all processing is centralized at the Internal Revenue Service Center in 
Philadelphia, Pennsylvania. Participants must have secured prior 
authorization from the Internal Revenue Service. Interested parties can 
obtain information by writing or calling the IRS. Comments on the 
program are welcome.

DATES: Application can be submitted year round.

ADDRESSES: Internal Revenue Service, Philadelphia Service Center, 
Magnetic Media Project Office, D.P. 115, 11601 Roosevelt Blvd., 
Philadelphia, PA 19154. Telephone: [phone] or [phone] 
(not a toll-free number).

SUPPLEMENTARY INFORMATION: The IRS is receiving an increasing number of 
computer-prepared forms, and is exploring methods to use the 
flexibility provided by computer preparation to achieve processing 
efficiencies. Electronic filing eliminates most of the manual processes 
required by IRS to handle paper documents, which will increase the 
quality of the final product, speed up the processing and reduce 
unnecessary correspondence.
    Generally, the procedures for electronic filing will require all 
the data currently supplied on the paper form including attachments 
which usually accompany the form. Additionally, filers will be required 
to test before acceptance into the program. The LIHC pilot program is 
being offered to State Housing Agencies and software developers.
Joseph H. Cloonan,
Director, Philadelphia Service Center.
[FR Doc. 98-1078 Filed 1-15-98; 8:45 am]
BILLING CODE 4830-01-U