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IRS SOLICITS COMMENTS ON FORM 8823

Wednesday, July 6, 2011 - 8:00AM

The Internal Revenue Service (IRS) today requested comments on Form 8823, Low-Income Housing Credit Agencies Report of Noncompliance or Building Disposition. No revisions were made to the form; however, the IRS said it adjusted the burden computation to accurately reflect the total burden hours associated with the data collection. The IRS uses Form 8823 to determine whether the low-income housing tax credit is being correctly claimed and whether there is any credit recapture. Written comments on the proposed information collection must be received by September 6.

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