Notice2023-16851
Proposed Collection; Comment Request for Form 8874-A
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
August 7, 2023
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
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. The IRS is soliciting comments concerning Form 8874-A, Notice of Qualified Equity Investment for New Markets Credit.
Full Text
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<title>Federal Register, Volume 88 Issue 150 (Monday, August 7, 2023)</title>
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[Federal Register Volume 88, Number 150 (Monday, August 7, 2023)]
[Notices]
[Page 52257]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-16851]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8874-A
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. The IRS is soliciting comments
concerning Form 8874-A, Notice of Qualified Equity Investment for New
Markets Credit.
DATES: Written comments should be received on or before October 6, 2023
to be assured of consideration.
ADDRESSES: Direct all written comments to Andres Garcia, Internal
Revenue Service, room 6526, 1111 Constitution Avenue NW, Washington, DC
20224 or by email to <a href="/cdn-cgi/l/email-protection#fc8c8e9dd29f9391919992888fbc958e8fd29b938a"><span class="__cf_email__" data-cfemail="d3a3a1b2fdb0bcbebeb6bda7a093baa1a0fdb4bca5">[email protected]</span></a>. Please reference the
information collection's ``OMB number 1545-2065'' in the subject line
of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Sara
Covington at (202) 317-5744, Internal Revenue Service, room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet
at <a href="/cdn-cgi/l/email-protection#cdbeacbface3a1e3aea2bba4a3aab9a2a38da4bfbee3aaa2bb"><span class="__cf_email__" data-cfemail="5724362536793b793438213e3930233839173e252479303821">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Notice of Qualified Equity Investment for New Markets
Credit.
OMB Number: 1545-2065.
Form Number: 8874-A.
Abstract: CDEs must provide notice to any taxpayer who acquires a
qualified equity investment in the CDE at its original issue that the
equity investment is a qualified equity investment entitling the
taxpayer to claim the new markets credit. Form 8874-A is used to make
the notification as required under section 1.45D-1(g)(2)(i)(A).
Current Actions: There are no changes being made to the form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individual or households, Business or other for-
profit.
Estimated Number of Respondents: 500.
Estimated Time Per respondent: 5 hours and 26 minutes.
Estimated Total Annual Burden Hours: 2,715.
The following paragraph applies to all 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 if 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 using 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: August 2, 2023.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2023-16851 Filed 8-4-23; 8:45 am]
BILLING CODE 4830-01-P
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