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###### Department of the Treasury

###### Internal Revenue Service

# AGENCY:

Internal Revenue Service (IRS), Treasury.

# ACTION:

Notice and request for comments.

# SUMMARY:

The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the public and other Federal agencies to take this opportunity to comment on information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Form 8586, Low-Income Housing Credit.

# DATES:

Written comments should be received on or before June 21, 2022 to be assured of consideration.

# ADDRESSES:

                        Direct all written comments to Andres Garcia, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or by email to                         *omb.unit@irs.gov.*                         Include 1545-0984 or Low-Income Housing Credit in the subject line of the message.                    

# FOR FURTHER INFORMATION CONTACT:

                        Requests for additional information or copies of this collection should be directed to LaNita Van Dyke, at 202-317-6009, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at                         *Lanita.VanDyke@irs.gov.*

# SUPPLEMENTARY INFORMATION:

*Title:*                     Low-Income Housing Credit.                

*OMB Number:*                     1545-0984.                

*Form Number:*                     8586.                

*Abstract:*Internal Revenue Code section 42 permits owners of residential rental projects providing low-income housing to claim a tax credit for part of the cost of constructing or rehabilitating such low-income housing. Form 8586 is used by taxpayers to compute the credit and by the IRS to verify that the correct credit has been claimed.                

*Current Actions:*                     There is no change to the burden previously approved.                

*Type of Review:*                     Extension of a currently approved collection.                

*Affected Public:*                     Individuals or households, and businesses, or other for-profit organizations.                

*Estimated Number of Respondents:*                     779.                

*Estimated Time per Respondent:*                     8 hrs., 48 min.                

*Estimated Total Annual Burden Hours:*                     6,855.                

The following paragraph applies to all 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 if 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: April 14, 2022.

Andres Garcia Leon,

Supervisory Tax Analyst.

[FR Doc. 2022-08325 Filed 4-18-22; 8:45 am]

BILLING CODE 4830-01-P