IRS Invites Comment on Form 8611

The Internal Revenue Service (IRS) recently invited public comments on Form 8611: Recapture of Low-Income Housing Credit. Site owners use Form 8611 to recapture part of the tax credits claimed in previous years if the property is disposed of or if it fails to meet certain requirements over a 15-year compliance period and a bond is not posted.

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.

No changes to the form have been proposed. Written comments must be received by Nov. 16 and directed to Yvette Lawrence, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW, Washington, DC 20224.