Form 8329, Lender's Information Return for Mortgage Credit Certificates (MCCs); Form 8330, Issuer's Quarterly Information Return for Mortgage Credit Certificates (MCCs)

ICR 200804-1545-011

OMB: 1545-0922

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
New
Form and Instruction
Modified
Justification for No Material/Nonsubstantive Change
2008-04-17
Justification for No Material/Nonsubstantive Change
2008-04-17
Supplementary Document
2008-04-17
Supporting Statement A
2008-04-17
ICR Details
1545-0922 200804-1545-011
Historical Active 200505-1545-021
TREAS/IRS
Form 8329, Lender's Information Return for Mortgage Credit Certificates (MCCs); Form 8330, Issuer's Quarterly Information Return for Mortgage Credit Certificates (MCCs)
Extension without change of a currently approved collection   No
Regular
Approved without change 10/31/2008
Retrieve Notice of Action (NOA) 08/29/2008
  Inventory as of this Action Requested Previously Approved
10/31/2011 36 Months From Approved 10/31/2008
12,000 0 12,000
73,720 0 73,720
0 0 0

Form 8329 is used by lending institutions and Form 8330 is used by state and local governments to report on mortgage credit certificates (MCCs) authorized under IRC Section 25. IRS matches the information supplied by lenders and issuers to ensure that the credit is computed properly.

US Code: 26 USC 25 Name of Law: Interest on certain home mortgages
  
None

Not associated with rulemaking

  73 FR 8407 02/13/2008
73 FR 50671 08/27/2008
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 12,000 12,000 0 0 0 0
Annual Time Burden (Hours) 73,720 73,720 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
Yes
Miscellaneous Actions
There was no change in the total burden requested under this ICR. Hours were adjusted to be better associated with appropriate form.

$1,359
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Vikki Vrooman 202 927-9868

  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.
08/29/2008


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