OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Low-Income Housing Credit Disposition Bond or Treasury Direct Account Application

ICR 200812-1545-011 · OMB 1545-1029 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Form 8693 Low-Income Housing Credit Disposition Bond or Treasury Direct Accout Application Form and Instruction Modified Repair queued
2006 burden estimates to acct for Business filers.PDF Supplementary Document Uploaded 2009-02-18 Available
Expiration Explanation.rtf Supplementary Document Uploaded 2008-12-09 Repair queued
burden.PDF Supplementary Document Uploaded 2009-02-18 Available
8693.SUP.doc Supporting Statement A Uploaded 2009-02-18 Available
IC Document Collections
IC IDCollectionTypeStatusForm
39995 Low-Income Housing Credit Disposition Bond or Treasury Direct Accout Application Form and Instruction Modified
ICR Details
1545-1029 200812-1545-011
Historical Active 200603-1545-033
TREAS/IRS ah-1029-011
Low-Income Housing Credit Disposition Bond or Treasury Direct Account Application
Revision of a currently approved collection   No
Regular
Approved with change 02/18/2009
Retrieve Notice of Action (NOA) 12/16/2008
Changes made to burden computation worksheet to address Treasury/IRS computation error.
  Inventory as of this Action Requested Previously Approved
02/29/2012 36 Months From Approved 02/28/2009
667 0 667
3,589 0 1,690
0 0 0
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.
US Code: 26 USC 42(j) Name of Law: Recapture of credit.
  
None
Not associated with rulemaking
  73 FR 55207 09/24/2008
73 FR 76449 12/16/2008
No
  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 667 667 0 0 0 0
Annual Time Burden (Hours) 3,589 1,690 0 0 1,899 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
A correction was made to account for a prior computation error on ROCIS. It appears this occurred during the initial transposition phase when ROCIS data was being populated by Treasury. ROCIS shows total burden hours of 1,690 for 2006 when burden should have been displayed as 3,589. The new burden computation takes into account the correct figures.
$228
No
No
Uncollected
Uncollected
Uncollected
Uncollected
D Decasseres 2029274268
  No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
12/16/2008