Summary of changes

IRS - OMB REVIEW REQUEST FORM
Request for OMB review of currently approved document:
Date:

09/30/2009

Name:
Office Symbols: 1545-2120
Phone Number:

Summary of Changes
This revenue procedure provides the manner under § 42(j)(6)(B)(i) of the Internal Revenue Code (the Code) by which
a taxpayer may notify the Internal Revenue Service of any increase in tax resulting from a reduction in the qualified
basis of a low-income housing tax credit building in order to begin the 3-year statutory period for assessing a
deficiency with respect to that taxpayer.
To make the notification prescribed by § 42(j)(6)(B)(i) of the Code a taxpayer that disposed of a low-income building
(or interest therein) must submit a letter to the Internal Revenue Service. We estimate a total annual reporting burden
is 10 hours. The estimated annual burden per respondent is 1 hour, depending on the individual circumstances. The
estimated total number of respondents is 10.

Impact on Approved Collection
Public
Law No.

Regulation
No.

Other
Code
References

SAMPLE:
PL 109-567

REG-345675-08

RP 2009-134

+/- 5

Change In IRS Form
& Instructions
No. of Filers
Words

+/- 20,000

+/- 500

Attachments

+/- 1

*Please insert how this new (PL, REG, or other), document will affect the currently approved collection.

IRS - OMB REVIEW REQUEST FORM
Request for OMB review of currently approved document:
Date:

(Continued)

Name:

09/30/2009

Office Symbols: 1545-2120
Phone Number:

Additional Information:

2