[Federal Register Volume 64, Number 61 (Wednesday, March 31, 1999)]
[Notices]
[Page 15397]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-7901]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Forms 8329 and 8330
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 8329,
Lender's Information Return for Mortgage Credit Certificates (MCCs) and
Form 8330, Issuer's Quarterly Information Return for Mortgage Credit
Certificates (MCCs).
DATES: Written comments should be received on or before June 1, 1999 to
be assured of consideration.
ADDRESSES: Direct all written comments to Garrick R. Shear, Internal
Revenue Service, room 5571, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form(s) and instructions should be directed to Carol
Savage, (202) 622-3945, Internal Revenue Service, room 5569, 1111
Constitution Avenue NW., Washington, DC 20224.
SUPPLEMENTARY INFORMATION:
Title: Form 8329, Lender's Information Return for Mortgage Credit
Certificates (MCCs) and Form 8330, Issuer's Quarterly Information
Return for Mortgage Credit Certificates (MCCs).
OMB Number: 1545-0922.
Form Number: Forms 8329 and 8330.
Abstract: Form 8329 is used by lending institutions and Form 8330
is used by state and local governments to provide the IRS with
information on the issuance of mortgage credit certificates (MCCs)
authorized under Internal Revenue Code section 25. IRS matches the
information supplied by lenders and issuers to ensure that the credit
is computed properly.
Current Actions: There are no changes being made to these forms at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, and
state, local or tribal governments.
Estimated Number of Responses: 10,000--Form 8329; 2,000--Form 8330.
Estimated Time Per Response: 5 hours, 41 minutes--Form 8329; 7
hours, 15 minutes--Form 8330.
Estimated Total Annual Burden Hours: 56,900--Form 8329; 14,500--
Form 8330.
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. 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 25, 1999.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 99-7901 Filed 3-30-99; 8:45 am]
BILLING CODE 4830-01-U
