[Federal Register Volume 79, Number 135 (Tuesday, July 15, 2014)]
[Notices]
[Pages 41367-41368]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-16580]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8834

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 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 
Form 8834, Qualified Electric Vehicle Credit.

DATES: Written comments should be received on or before September 15, 
2014 to be assured of consideration.

ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Kerry Dennis 
at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Qualified Electric Vehicle Credit.
    OMB Number: 1545-1374.
    Form Number: Form 8834.
    Abstract: Form 8834 is used to claim any qualified electric vehicle 
passive activity credit allowed for the current tax year. The IRS uses 
the information on the form to determine that the credit is allowable 
and has been properly computed.
    Current Actions: There are changes being made to the form. The 
changes to the form are a result of the expiration of the qualified 
plug-in electric vehicle credit for vehicles acquired after 2011 (IRC 
30(f)). As a result of the expiration, Form 8834 is only used to claim 
any qualified electric vehicle passive activity credit allowed for the 
current tax year. Changes to the form will decrease burden by 16,495 
hours (31,517 to 15,022 hours). The department has increased its 
estimate of the annual number of responses by 2,636 (from 500 to 
3,136).This will increase burden by 26,492 hours. The combined effect 
of these changes will

[[Page 41368]]

have an overall hourly increase of burden to 9,997 (from 5,025 to 
15,022 hours).
    Type of Review: Revision of a currently approved collection.
    Affected Pubic: Individuals or households and businesses or other 
for-profit organizations.
    Estimated Number of Respondents: 3,136.
    Estimated Time Per Respondent: 4 hours, 47 minutes.
    Estimated Total Annual Burden Hours: 15,022.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.
    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: July 2, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014-16580 Filed 7-14-14; 8:45 am]
BILLING CODE 4830-01-P