94-27536. Public Information Collection Requirements Submitted to OMB for Review

[Federal Register Volume 59, Number 214 (Monday, November 7, 1994)]
[Unknown Section]
[Page 0]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-27536]


[[Page Unknown]]

[Federal Register: November 7, 1994]


=======================================================================
-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

 

Public Information Collection Requirements Submitted to OMB for 
Review

November 1, 1994.
    The Department of the Treasury has submitted the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1980, Public Law 96-511. Copies of 
the submission(s) may be obtained by calling the Treasury Bureau 
Clearance Officer listed. Comments regarding this information 
collection should be addressed to the OMB reviewer listed and to the 
Treasury Department Clearance Officer, Department of the Treasury, Room 
2110, 1425 New York Avenue, NW., Washington, DC 20220.
    Special Request: In order to meet print and distribution dates the 
Department of the Treasury, on behalf of the Internal Revenue Service, 
is requesting Office of Management and Budget (OMB) review and approval 
of the form described below by December 2, 1994. All comments must be 
received by close of business November 28, 1994.

Internal Revenue Service (IRS)

OMB Number: 1545-1288
Form Number: IRS Form 8828
Type of Review: Revision
Title: Recapture of Federal Mortgage Subsidy
Description: Form 8828 is needed to compute the section 143(m) tax on 
recapture of the Federal subsidy from use of qualified mortgage bonds 
and mortgage credit certificates in cases where the financing is 
provided after 1990 and the home subject to the financing is sold 
during the first 9 years after financing was provided. IRS uses the 
information to determine that the proper amount of Federal subsidy is 
recaptured.
Respondents: Individuals or households
Estimated Number of Respondents/Recordkeepers: 1,000
Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping--26 minutes
    Learning about the law or the form--23 minutes
    Preparing the form--1 hour, 20 minutes
    Copying, assembling and sending the form to the IRS--20 minutes
Frequency of Response: Other (for year of sale of home)
Estimated Total Reporting/Recordkeeping Burden: 1,882 hours
Clearance Officer: Garrick Shear, [phone], Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, NW., Washington, DC 
20224.
OMB Reviewer: Milo Sunderhauf, [phone], Office of Management and 
Budget, Room 10226, New Executive Office Building, Washington, DC 
20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 94-27536 Filed 11-4-94; 8:45 am]
BILLING CODE 4830-01-P