Form 8609 Low-Income Housing Credit Allocation and Certification

Form

8609

Low-Income Housing Credit Allocation
and Certification

(Rev. December 2007)
Department of the Treasury
Internal Revenue Service

Part I
Check if:
A

OMB No. 1545-0988

Allocation of Credit
Addition to Qualified Basis

Amended Form

Address of building (do not use P.O. box) (see instructions)

B

C Name, address, and TIN of building owner receiving allocation

Name and address of housing credit agency

D Employer identification number of agency

E

Building identification number (BIN)

TIN ©

1a Date of allocation
2

©

/

/

1b

b Maximum housing credit dollar amount allowable

2

Maximum applicable credit percentage allowable

%

3a
3a Maximum qualified basis
b If the eligible basis used in the computation of line 3a was increased, check the applicable box
3b
1—— %
and enter the percentage to which the eligible basis was increased (see instructions)
Building located in the Gulf Opportunity (GO) Zone, Rita GO Zone, or Wilma GO Zone
Section 42(d)(5)(C) high cost area provisions
4
%
4 Percentage of the aggregate basis financed by tax-exempt bonds. (If zero, enter -0-.)
/
/
©
5 Date building placed in service
6 Check the boxes that describe the allocation for the building (check those that apply):
a
Newly constructed and federally subsidized b
Newly constructed and not federally subsidized c
Existing building
d
Sec. 42(e) rehabilitation expenditures federally subsidized e
Sec. 42(e) rehabilitation expenditures not federally subsidized
f
Not federally subsidized by reason of 40-50 rule under sec. 42(i)(2)(E) g
Allocation subject to nonprofit set-aside under sec. 42(h)(5)

Signature of Authorized Housing Credit Agency Official—Completed by Housing Credit Agency Only
Under penalties of perjury, I declare that the allocation made is in compliance with the requirements of section 42 of the Internal Revenue Code,
and that I have examined this form and to the best of my knowledge and belief, the information is true, correct, and complete.

©

Signature of authorized official

©

Name (please type or print)

©

Date

Part II First-Year Certification—Completed by Building Owners with respect to the First Year of the Credit Period
7
7 Eligible basis of building (see instructions)
8a
8a Original qualified basis of the building at close of first year of credit period
b Are you treating this building as part of a multiple building project for purposes of section 42 (see
instructions)?
9a If box 6a or box 6d is checked, do you elect to reduce eligible basis under section 42(i)(2)(B)?
b For market-rate units above the average quality standards of low-income units in the building, do you elect
©
to reduce eligible basis by disproportionate costs of non-low income units under section 42(d)(3)(B)?
10 Check the appropriate box for each election:
Caution: Once made, the following elections are irrevocable.
a Elect to begin credit period the first year after the building is placed in service (section 42(f)(1)) ©
©
b Elect not to treat large partnership as taxpayer (section 42(j)(5))
c Elect minimum set-aside requirement (section 42(g)) (see instructions)
20-50
40-60
d Elect deep rent skewed project (section 142(d)(4)(B)) (see instructions)

Yes
Yes

No
No

Yes

No

Yes
No
Yes
25-60 (N.Y.C. only)
15-40

Under penalties of perjury, I declare that the above building continues to qualify as a part of a qualified low-income housing project and meets the
requirements of Internal Revenue Code section 42. I have examined this form and attachments, and to the best of my knowledge and belief, they
are true, correct, and complete.

©
©

Signature

Name (please type or print)

©
©

Taxpayer identification number

©

Date

Tax year

For Privacy Act and Paperwork Reduction Act Notice, see instructions.

Cat. No. 63981U

Form

8609

(Rev. 12-2007)

Form 8609 (Rev. 12-2007)

What’s New
Buildings located in the Gulf Opportunity (GO)
Zone, Rita GO Zone, and Wilma GO Zone that
receive allocations in 2006, 2007, or 2008 and are
placed in service during the period beginning on
January 1, 2006, and ending on December 31,
2010, may have an increased eligible basis. Also,
credit allocations made to buildings in these
specific zones may take place in a year other than
the year the building is put in service (see
Allocation of Credit, later). See Pub. 4492,
Information for Taxpayers Affected by Hurricanes
Katrina, Rita, and Wilma, for a list of the counties
and parishes in these specific zones.

General Instructions
Section references are to the Internal Revenue
Code unless otherwise noted.

Purpose of Form
Owners of residential low-income rental buildings
are allowed a low-income housing credit for
each qualified building over a 10-year credit
period. Form 8609 can be used to obtain a
housing credit allocation from the housing credit
agency. A separate Form 8609 must be issued
for each building in a multiple building project.
Form 8609 is also used to certify certain
information.
Housing credit agency. This is any state or
local agency authorized to make low-income
housing credit allocations within its jurisdiction.
Building identification number (BIN). This
number is assigned by the housing credit
agency. The BIN initially assigned to a building
must be used for any allocation of credit to the
building that requires a separate Form 8609 (see
Multiple Forms 8609 on this page). For example,
rehabilitation expenditures treated as a separate
new building should not have a separate BIN if
the building already has one. Use the number
first assigned to the building.
Allocation of credit. For an owner to claim a
low-income housing credit on a building (except
as explained under Tax-exempt bonds later), the
housing credit agency must make an allocation
of the credit by the close of the calendar year in
which the building is placed in service, unless:
1. The allocation is the result of an advance
binding commitment by the credit agency made
not later than the close of the calendar year in
which the building is placed in service (see
section 42(h)(1)(C));
2. The allocation relates to an increase in
qualified basis (see section 42(h)(1)(D));
3. The allocation is made to a building located
in the Gulf Opportunity (GO) Zone, Rita GO Zone,
or Wilma GO Zone, if the allocation is made in
2006, 2007, or 2008 and the building is placed in
service during the period beginning on January 1,
2006, and ending on December 31, 2010;
4. The allocation is made for a building placed
in service no later than the second calendar year
following the calendar year in which the allocation
is made if the building is part of a project in
which the taxpayer’s basis is more than 10% of
the project’s reasonably expected basis as of the
end of that second calendar year; or
5. The allocation is made for a project that
includes more than one building if:

Page

a. The allocation is made during the project
period,
b. The allocation applies only to buildings
placed in service during or after the
calendar year in which the allocation is
made, and
c. The part of the allocation that applies to
any building is specified by the end of the
calendar year in which the building is
placed in service.
See sections 42(h)(1)(E) and 42(h)(1)(F) and
Regulations section 1.42-6 for more details.
The agency can only make an allocation to a
building located within its geographical
jurisdiction. Once an allocation is made, the
credit is allowable for all years during the
10-year credit period. A separate Form 8609
must be completed for each building to which an
allocation of credit is made.
Multiple Forms 8609. Allocations of credit in
separate calendar years require separate Forms
8609. Also, when a building receives separate
allocations for acquisition of an existing building
and for rehabilitation expenditures, a separate
Form 8609 must be completed for each credit
allocation.
Tax-exempt bonds. No housing credit allocation
is required for any portion of the eligible basis of
a qualified low-income building that is financed
with tax-exempt bonds taken into account for
purposes of the volume cap under section 146.
An allocation is not needed when 50% or more
of the aggregate basis of the building and the
land on which the building is located (defined
below) is financed with certain tax-exempt
bonds. However, the owner still must get a Form
8609 from the appropriate housing credit agency
(with the applicable items completed, including
an assigned BIN).
Land on which the building is located. This
includes only land that is functionally related and
subordinate to the qualified low-income building
(see Regulations sections 1.103-8(a)(3) and
1.103-8(b)(4)(iii) for the meaning of “functionally
related and subordinate”).

Filing Requirement
Housing credit agency. Complete and sign Part
I of Form 8609 and make copies of the form.
Submit a copy with Form 8610, Annual
Low-Income Housing Credit Agencies Report,
and keep a copy for the records. The agency
must send the original, signed Form 8609
(including instructions) to the building owner.
Building owner. You must make a one-time
submission of Form 8609 to the Low-Income
Housing Credit (LIHC) Unit at the IRS
Philadelphia campus. After making a copy of the
completed original Form 8609, file the original of
the form with the unit no later than the due date
(including extensions) of your first tax return with
which you are filing Form 8609-A, Annual
Statement for Low-Income Housing Credit.
Where to file Form 8609. Send the properly
completed and signed form(s) to:
Internal Revenue Service
P.O. Box 331
Attn: LIHC Unit, DP 607 South
Philadelphia Campus
Bensalem, PA 19020

2

Note. The housing credit agency may require
you to submit a copy of Form 8609 with a
completed Part II to the agency. You should
contact the agency to obtain agency filing
requirements.
Also, file Form 8609-A for each year of the
15-year compliance period. The credit is claimed
on Form 8586, Low-Income Housing Credit. See
the forms for filing instructions.

Building Owner’s
Recordkeeping
Keep the following items in your records for
three years after the due date (including
extensions) of the owner’s tax return for the tax
year that includes the end of the 15-year
compliance period.
● A copy of the original Form 8609 received
from the housing agency and all related Forms
8609-A (or predecessor Schedules A (Form
8609)), Forms 8586, and any Forms 8611,
Recapture of Low-Income Housing Credit.
● If the maximum applicable credit percentage
allocated to the building on line 2 reflects an
election under section 42(b)(2)(A)(ii), a copy of
the election statement.
● If the binding agreement specifying the
housing credit dollar amount is contained in a
separate document, a copy of the binding
agreement.
● If the housing credit dollar amount allocated
on line 1b reflects an allocation made under
section 42(h)(1)(E) or section 42(h)(1)(F), a copy
of the allocation document.

Specific Instructions
Part I—Allocation of Credit
Completed by Housing
Credit Agency Only
Addition to qualified basis. Check this box if an
allocation relates to an increase in qualified basis
under section 42(f)(3). Enter only the housing
credit dollar amount for the increase. Do not
include any portion of the original qualified basis
when determining this amount.
Amended form. Check this box if this form
amends a previously issued form. Complete all
entries and explain the reason for the amended
form. For example, if there is a change in the
amount of initial allocation before the close of
the calendar year, file an amended Form 8609
instead of the original form.
Item A. Identify the building for which this Form
8609 is issued when there are multiple buildings
with the same address (e.g., BLDG. 6 of 8).
Line 1a. Generally, where Form 8609 is the
allocating document, the date of the allocation is
the date the Form 8609 is completed, signed,
and dated by an authorized official of the
housing credit agency during the year the
building is placed in service.
However, if an allocation is made under
section 42(h)(1)(E) or 42(h)(1)(F), the date of
allocation is the date the authorized official of
the housing credit agency completes, signs, and
dates the section 42(h)(1)(E) or 42(h)(1)(F)

Form 8609 (Rev. 12-2007)

document used to make the allocation. If no
allocation is required (i.e., 50% or greater
tax-exempt bond financed building), leave
line 1a blank.
Line 1b. Enter the housing credit dollar amount
allocated to the building for each year of the
10-year credit period. The amount should equal
the percentage on line 2 multiplied by the
amount on line 3a. As the housing credit agency
is required to allocate an amount that is only
necessary to assure project feasibility, the
percentage on line 2 and the amount on line 3a
can be lowered by the housing agency. For
tax-exempt bond projects for which no allocation
is required, enter the housing credit dollar
amount allowable under section 42(h)(4).
Line 2. Enter the maximum applicable credit
percentage allowable to the building for the
month the building was placed in service or, if
applicable, for the month determined under
section 42(b)(2)(A)(ii). This percentage may be
less than the applicable percentage published by
the IRS.
If an election is made under section
42(b)(2)(A)(ii) to use the applicable percentage for
a month other than the month in which a
building is placed in service, the requirements of
Regulations section 1.42-8 must be met. The
agency must keep a copy of the binding
agreement. The applicable percentage is
published monthly in the Internal Revenue
Bulletin. For new buildings that are not federally
subsidized under section 42(i)(2)(A), use the
applicable percentage for the 70% present value
credit. For new buildings that are federally
subsidized, or existing buildings, use the
applicable percentage for the 30% present value
credit. See the instructions for line 6 for the
definition of “federally subsidized.” A taxpayer
may elect under section 42(i)(2)(B) to reduce
eligible basis by the principal amount of any
outstanding below-market federal loan or the
proceeds of any tax-exempt obligation in order
to obtain the higher credit percentage.
For allocations to buildings for additions to
qualified basis under section 42(f)(3), do not
reduce the applicable percentage even though
the building owner may only claim a credit based
on two-thirds of the credit percentage allocated
to the building.
Line 3a. Enter the maximum qualified basis of
the building. In computing qualified basis, the
housing credit agency should use only the
amount of eligible basis necessary to result in a
qualified basis which, multiplied by the
percentage on line 2, equals the credit amount
on line 1b. However, the housing credit agency
is not required to reduce maximum qualified
basis and can lower the maximum applicable
percentage on line 2. To figure this, multiply the
eligible basis of the qualified low-income building
by the smaller of:
● The fractional amount of low-income units to
all residential rental units (the “unit fraction”) or
● The fractional amount of floor space of the
low-income units to the floor space of all
residential rental units (the “floor space
fraction”).
Generally, a unit is not treated as a
low-income unit unless it is suitable for
occupancy, used other than on a transient basis,
and occupied by qualifying tenants. Section
42(i)(3) provides for certain exceptions (e.g., units
that provide for transitional housing for the
homeless may qualify as low-income units). See
sections 42(i)(3) and 42(c)(1)(E) for more
information.

Page

Except as explained in the instructions for line
3b below, the eligible basis for a new building is
its adjusted basis as of the close of the first tax
year of the credit period. For an existing
building, the eligible basis is its acquisition cost
plus capital improvements through the close of
the first tax year of the credit period. See the
instructions for line 3b and section 42(d) for
other exceptions and details.
Line 3b. Special rule to increase basis for
buildings in certain high-cost areas. If the
building is located in a high-cost area (i.e.,
“qualified census tract,” “difficult development
area,” Gulf Opportunity (GO) Zone, Rita GO
Zone, or Wilma GO Zone), the eligible basis may
be increased as follows.
● For new buildings, the eligible basis may be
up to 130% of such basis determined without
this provision.
● For existing buildings, the rehabilitation
expenditures under section 42(e) may be up to
130% of the expenditures determined without
regard to this provision.
Enter the percentage to which eligible basis
was increased. For example, if the eligible basis
was increased to 120%, enter “120.” See
section 42(d)(5)(C) for definitions of a qualified
census tract and a difficult development area,
and for other details.
Gulf Opportunity (GO) Zone, Rita GO Zone,
and Wilma GO Zone. The housing credit agency
may increase the eligible basis of buildings in
these specific zones if the buildings were placed
in service during the period beginning on
January 1, 2006, and ending on December 31,
2010. For more information, see section
1400N(c)(3).
Note. Before increasing eligible basis, the
eligible basis must be reduced by any federal
subsidy which the taxpayer elects to exclude
from eligible basis and any federal grant
received.
Line 4. Enter the percentage of the aggregate
basis of the building and land on which the
building is located that is financed by certain
tax-exempt bonds. If this amount is zero, enter
-0- (do not leave this line blank).
Line 5. The placed-in-service date for a
residential rental building is the date the first unit
in the building is ready and available for
occupancy under state or local law.
Rehabilitation expenditures treated as a separate
new building under section 42(e) are placed in
service at the close of any 24-month period over
which the expenditures are aggregated, whether
or not the building is occupied during the
rehabilitation period.
Note. The placed-in-service date for an existing
building is determined separately from the
placed-in-service date of rehabilitation
expenditures treated as a separate new building.
Line 6. Generally, a building is treated as
federally subsidized if at any time during the tax
year or any prior tax year there is outstanding
any tax-exempt bond financing or any
below-market federal loan, the proceeds of
which are used (directly or indirectly) for the
building or its operation. If a building is federally
subsidized, then box 6a or 6d must be checked
regardless of whether the taxpayer has informed
the housing credit agency that the taxpayer
intends to make the election under section
42(i)(2)(B) to reduce eligible basis by the principal
amount of any outstanding below-market federal
loan or the proceeds of any tax-exempt
obligation.
However, under section 42(i)(2)(E), buildings
receiving assistance under the HOME Investment

3

Partnerships Act (as in effect on August 10,
1993) or the Native American Housing
Assistance and Self-Determination Act of 1996
(as in effect on October 1, 1997) are not treated
as federally subsidized if 40% or more of the
residential units in the building are occupied by
individuals whose income is 50% or less of the
area median gross income (or national
nonmetropolitan median gross income, when
applicable). Buildings located in New York City
receiving this assistance are not treated as
federally subsidized if 25% or more of the
residential units in the building are occupied by
individuals whose income is 50% or less of the
area median gross income.
Not more than 90% of the state housing credit
ceiling for any calendar year can be allocated to
projects other than projects involving qualified
nonprofit organizations. A qualified nonprofit
organization must own an interest in the project
(directly or through a partnership) and materially
participate (within the meaning of section 469(h))
in the development and operation of the project
throughout the compliance period. See section
42(h)(5) for more details.
Generally, no credit is allowable for acquisition
of an existing building unless substantial
rehabilitation is done. See sections 42(d)(2)(B)(iv)
and 42(f)(5). Do not issue Form 8609 for
acquisition of an existing building unless
substantial rehabilitation under section 42(e) is
placed in service.

Part II—First-Year
Certification
Completed by Building Owner with respect
to the First Year of the Credit Period
By completing Part II, you are
certifying the date the building is
placed in service corresponds to the
date on line 5. If the
CAUTION
Form 8609 issued to you contains
the wrong date or no date, obtain a new or
amended Form 8609 from the housing credit
agency.
Line 7. Enter the eligible basis (in dollars) of the
building. Eligible basis does not include the cost
of land. Determine eligible basis at the close of
the first year of the credit period (see sections
42(f)(1), 42(f)(5), and 42(g)(3)(B)(iii) for determining
the start of the credit period).
For new buildings, the eligible basis is
generally the cost of construction or
rehabilitation expenditures incurred under section
42(e).
For existing buildings, the eligible basis is the
cost of acquisition plus rehabilitation
expenditures not treated as a separate new
building under section 42(e) incurred by the
close of the first year of the credit period.
If the housing credit agency has entered an
increased percentage in Part I, line 3b, multiply
the eligible basis by the increased percentage
and enter the result.
Residential rental property may qualify for the
credit even though part of the building in which
the residential rental units are located is used for
commercial use. Do not include the cost of the
nonresident rental property. However, you may
generally include the basis of common areas or
tenant facilities, such as swimming pools or
parking areas, provided there is no separate fee
for the use of these facilities and they are made
available on a comparable basis to all tenants in
the project.

Form 8609 (Rev. 12-2007)

You must reduce the eligible basis by the
amount of any federal grant received. Also
reduce the eligible basis by the entire basis
allocable to non-low-income units that are above
average quality standard of the low-income units
in the building. You may, however, include a
portion of the basis of these non-low-income
units if the cost of any of these units does not
exceed by more than 15% the average cost of
all low-income units in the building, and you
elect to exclude this excess cost from the
eligible basis by checking the “Yes” box for line
9b. See section 42(d)(3).
You may elect to reduce the eligible basis by
the principal amount of any outstanding
below-market federal loan or the proceeds of
any tax-exempt obligation to obtain a higher
credit percentage. To make this election, check
the “Yes” box in Part II, line 9a. Reduce the
eligible basis by the principal amount of such
loan or obligation proceeds before entering the
amount on line 7. You must reduce the eligible
basis by the principal amount of such loan or
obligation proceeds, or any federal grant
received, before multiplying the eligible basis by
the increased percentage in Part I, line 3b.
Line 8a. Multiply the eligible basis of the building
shown on line 7 by the smaller of the unit
fraction or the floor space fraction as of the
close of the first year of the credit period and
enter the result on line 8a. Low-income units are
units occupied by qualifying tenants, while
residential rental units are all units, whether or
not occupied. See the instructions for Part I, line
3a.
Line 8b. Each building is considered a separate
project under section 42(g)(3)(D) unless, before
the close of the first calendar year in the project
period (defined in section 42(h)(1)(F)(ii)), each
building that is (or will be) part of a multiple
building project is identified by attaching the
statement described below.
Caution: The minimum set-aside requirement
(see the instructions for line 10c) is a
project-based test.
The statement must be attached to this Form
8609 and include:
● The name and address of the project and each
building in the project,
● The BIN of each building in the project,
● The aggregate credit dollar amount for the
project, and
● The credit allocated to each building in the
project.
Caution: Notwithstanding a checked “Yes” box
on line 8b, failure to attach a statement providing
the above required information will result in each
building being considered a separate project
under section 42(g)(3)(D).
Two or more qualified low-income buildings
may be included in a multiple building project
only if they:
● Are located on the same tract of land, unless
all of the dwelling units in all of the buildings
being aggregated in the multiple building project
are low-income units (see section 42(g)(7));
● Are owned by the same person for federal tax
purposes;
● Are financed under a common plan of
financing; and
● Have similarly constructed housing units.

Page

A qualified low-income building includes
residential rental property that is an apartment
building, a single-family dwelling, a town house,
a row house, a duplex, or a condominium.
Line 9a. You may elect to reduce the eligible
basis by the principal amount of any outstanding
below-market federal loan or the proceeds of
any tax-exempt obligation and claim the 70%
present value credit on the remaining eligible
basis. However, if you make this election, you
may not claim the 30% present value credit on
the portion of the basis that was financed with
the below-market federal loan or the tax-exempt
obligation.
Line 9b. See the instructions for Part II,
line 7.
Line 10a. You may elect to begin the credit
period in the tax year after the building is placed
in service. Once made, the election is
irrevocable.
Note. Section 42(g)(3)(B)(iii) provides special
rules for determining the start of the credit
period for certain multiple building projects.
Line 10b. Partnerships with 35 or more partners
are treated as the taxpayer for purposes of
recapture unless an election is made not to treat
the partnership as the taxpayer. Check the “Yes”
box if you do not want the partnership to be
treated as the taxpayer for purposes of
recapture. Once made, the election is
irrevocable.
Line 10c. You must meet the minimum set-aside
requirements under section 42(g)(1) for the
project by electing one of the following tests.
20-50 Test. 20% or more of the residential
units in the project must be both rent restricted
and occupied by individuals whose income is
50% or less of the area median gross income or
40-60 Test. 40% or more of the residential
units in the project must be both rent restricted
and occupied by individuals whose income is
60% or less of the area median gross income.
Caution: By electing the 20-50 test, the
qualifying income limit for all low-income
individuals in the project is determined by
reference to 50% of area median gross income.
Gulf Opportunity (GO) Zone. For purposes of
the 20-50 and 40-60 tests defined above, the
“national nonmetropolitan median gross income”
will be substituted for the “area median gross
income” for all property placed in service during
2006, 2007, or 2008 in a nonmetropolitan area in
the Gulf Opportunity (GO) Zone.
Once made, the election is irrevocable.
Note. Owners of buildings in projects located in
New York City may not use the 40-60 Test.
Instead, they may use the 25-60 Test below.
25-60 Test. 25% or more of the residential
units in the project must be both rent restricted
and occupied by individuals whose income is
60% or less of the area median gross income
(see section 142(d)(6)).
Once made, the election is irrevocable.
Caution: The minimum set-aside requirement
must be met by the close of the first year of the
credit period in order to claim any credit for the
first year or for any subsequent years.

4

Line 10d. The deep rent skewed 15-40 election
is not an additional test for satisfying the
minimum set-aside requirements of section
42(g)(1). The 15-40 test is an election that relates
to the determination of a low-income tenant’s
income. Generally, a continuing resident’s
income may increase up to 140% of the
applicable income limit (50% or less or 60% or
less of the area median gross income (or
national nonmetropolitan median gross income,
when applicable) under the minimum set-aside
rules in Line 10c earlier). When the deep rent
skewed election is made, the income of a
continuing resident may increase up to 170% of
the applicable income limit. If this election is
made, at least 15% of all low-income units in the
project must be occupied at all times during the
compliance period by tenants whose income is
40% or less of the area median gross income (or
national nonmetropolitan median gross income,
when applicable). A deep rent skewed project
itself must meet the requirements of section
142(d)(4)(B). Once made, the election is
irrevocable.

Privacy Act and Paperwork Reduction Act
Notice. We ask for the information on this form
to carry out the Internal Revenue laws of the
United States. Claiming this credit is voluntary;
however, if you do claim the credit, sections 42,
6001, and 6011 require you to provide this
information. Section 6109 requires you to
provide your taxpayer identifying number (SSN,
EIN, or ITIN). We need this information to ensure
that you are complying with the revenue laws
and to allow us to figure and collect the right
amount of tax. We may disclose this information
to the Department of Justice for civil or criminal
litigation, and to cities, states, and the District of
Columbia for use in administering their tax laws.
We may also disclose this information to other
countries under a tax treaty, to federal and state
agencies to enforce federal nontax criminal laws,
or to federal law enforcement and intelligence
agencies to combat terrorism. Failure to provide
this information may prevent your claim from
being processed. Providing false information
may subject you to penalties.
You are not required to provide the
information requested on a form that is subject
to the Paperwork Reduction Act unless the form
displays a valid OMB control number. Books or
records relating to a form or its instructions must
be retained as long as their contents may
become material in the administration of any
Internal Revenue law.
The time needed to complete and file the form
will vary depending on individual circumstances.
The estimated average time is:
Learning about the law or
the form

4 hr., 10 min.

Recordkeeping

9 hr., 5 min.

Preparing and sending
the form to the IRS

4 hr., 30 min.

If you have comments concerning the
accuracy of these time estimates or suggestions
for making these forms simpler, we would be
happy to hear from you. You can write to the
Internal Revenue Service, Tax Products
Coordinating Committee, SE:W:CAR:MP:T:T:SP,
1111 Constitution Ave. NW, IR-6526,
Washington, DC 20224. Do not send the tax
form to this office. Instead, see Filing
Requirement on page 2.