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.
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.