[Federal Register Volume 61, Number 122 (Monday, June 24, 1996)]
[Notices]
[Pages 32476-32477]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-15924]



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DEPARTMENT OF THE TREASURY

Proposed Collection; Comment Request for Forms 8329 and 8330

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and

[[Page 32477]]

other Federal agencies to take this opportunity to comment on proposed 
and/or continuing information collections, as required by the Paperwork 
Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). 
Currently, the IRS is soliciting comments concerning Forms 8329, 
Lender's Information Return for Mortgage Credit Certificates (MCCs) and 
8330, Issuer's Quarterly Information Return for Mortgage Credit 
Certificates (MCCs).

DATES: Written comments should be received on or before August 23, 1996 
to be assured of consideration.

ADDRESSES: Direct all written comments to Garrick R. Shear, Internal 
Revenue Service, room 5571, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form(s) and instructions should be directed to Martha R. 
Brinson, (202) 622-3869, Internal Revenue Service, room 5571, 1111 
Constitution Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:
    Title: Form 8329, Lender's Information Return for Mortgage Credit 
Certificates (MCCs) and Form 8330, Issuer's Quarterly Information 
Return for Mortgage Credit Certificates (MCCs).
    OMB Number: 1545-0922.
    Form Number: Forms 8329 and 8330.
    Abstract: Form 8329 is used by lending institutions and Form 8330 
is used by state and local governments to provide the IRS with 
information on the issuance of mortgage credit certificates (MCCs) 
authorized under Internal Revenue Code section 25. IRS matches the 
information supplied by lenders and issuers to ensure that the credit 
is computed properly.
    Current Actions: There are no changes being made to these forms at 
this time.
    Type of Review: Extension of currently approved collections.
    Affected Public: Business or other for-profit organizations and 
State, Local or Tribal Governments.
    Estimated Number of Respondents: 10,000--Form 8329; 500--Form 8330.
    Estimated Time Per Respondent: 5 hr. 53 min.--Form 8329; 29 hr. 0 
min.--Form 8330.
    Estimated Total Annual Burden Hours: 58,800--Form 8329; 14,500--
Form 8330.

REQUEST FOR COMMENTS: Comments submitted in response to this notice 
will be summarized and/or included in the request for OMB approval. All 
comments will become a matter of public record. Comments are invited 
on: (a) Whether the collection of information is necessary for the 
proper performance of the functions of the agency, including whether 
the information shall have practical utility; (b) the accuracy of the 
agency's estimate of the burden of the collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information to 
be collected; (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology; and (e) 
estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Approved: June 12, 1996.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 96-15924 Filed 6-21 -96; 8:45 am]
BILLING CODE 4830-01-P