Federal Register #15452065

IRS Requests 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: - Soliciting public feedback on the information collection requirements for Community Development Entities (CDEs) notifying taxpayers about qualified equity investments for the New Markets Credit - Utilizes IRS Form 8874A as required by regulations - No products, services, OEMs, or vendors are being procured or named - Focus is on improving the necessity, accuracy, and efficiency of the information collection process, and reducing respondent burden

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, enabling them to claim the new markets credit. The collection uses Form 8874A and aims to assess and minimize the burden of information collection. Comments are invited on the necessity, accuracy, and ways to improve the collection process. The deadline for comments is September 8, 2026.

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