Recapture of Federal Mortgage Subsidy

ICR 200311-1545-018

OMB: 1545-1288

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC ID
Document
Title
Status
18072 Migrated
ICR Details
1545-1288 200311-1545-018
Historical Active 200010-1545-010
TREAS/IRS
Recapture of Federal Mortgage Subsidy
Revision of a currently approved collection   No
Regular
Approved without change 12/18/2003
Retrieve Notice of Action (NOA) 11/18/2003
  Inventory as of this Action Requested Previously Approved
12/31/2006 12/31/2006 01/31/2004
10,000 0 1,000
26,340 0 2,678
0 0 0

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.

None
None


No

1
IC Title Form No. Form Name
Recapture of Federal Mortgage Subsidy FORM-8828

  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 10,000 1,000 0 0 9,000 0
Annual Time Burden (Hours) 26,340 2,678 0 0 23,662 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  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.
11/18/2003


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