Federal Register #2026-13909

IRS Seeks Public Comment on Information Collection for New Markets Credit

This opportunity involves the Internal Revenue Service (IRS) under the Department of the Treasury seeking public comment on its information collection process for the Notice of Qualified Equity Investment for New Markets Credit. - Government Buyer: - Department of the Treasury - Internal Revenue Service (IRS) - Purpose: - Request for public comment on the necessity, accuracy, and burden of the information collection process - Focuses on Community Development Entities (CDEs) notifying taxpayers who acquire qualified equity investments at original issue - Products/Services: - No products or services are being procured - Involves IRS Form 8874A as required by regulations - Unique/Notable Requirements: - This is an extension of a previously approved information collection - Updated burden estimates are provided - Only IRS and Treasury Department are involved; no OEMs or vendors mentioned

Description

The IRS is requesting public comments on the information collection related to the Notice of Qualified Equity Investment for New Markets Credit. This involves Community Development Entities providing notice to taxpayers acquiring qualified equity investments that entitle them to claim the new markets credit. The collection uses Form 8874A and is an extension of a currently approved collection with recalculated burden estimates. Comments are due by September 8, 2026.

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