Instructions For Form 8942 - Application For Certification Of Qualified Investments Eligible For Credits And Grants Under The Qualifying Therapeutic Discovery Project Program Page 5

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the applicant, then the applicant cannot
identifying numbers on the form . You are
subject to the Paperwork Reduction Act
include costs relating to those services in
required to provide the information
unless the form displays a valid OMB
the qualified investment.
requested on this form if you wish to
control number. Books or records relating
apply for certification of qualified
to a form or its instructions must be
Line 33
investments for purposes of the
retained as long as their contents may
Enter the amount of qualified investment
Qualifying Therapeutic Discovery Project
become material in the administration of
derived from depreciable property that is
Program. We need it to determine
any Internal Revenue law. Generally, tax
attributable to qualified progress
whether your investments meet the
returns and return information are
expenditures.
requirements for certification. If you do
confidential, as required by section 6103.
not provide this information, we may be
The time needed to complete and file
Project Information
unable to process your certification
this form will vary depending on individual
Memorandum
request. Providing false or fraudulent
circumstances. The estimated burden for
information may subject you to penalties.
taxpayers who file this form is shown
Attach a completed Project Information
We may disclose this information to
below:
Memorandum to Form 8942.
Federal agencies as authorized by law,
The Project Information Memorandum
including to the Department of Health and
Recordkeeping . . . . . . . . . . . .
8 hrs., 36
form is available at
Human Services to obtain information
min.
grants/funding/QTDP_PIM/index.htm.
regarding your eligibility for this credit or
Learning about the law or the
1 hr., 03
See Notice 2010-45 for additional
grant and to the Department of Justice for
form . . . . . . . . . . . . . . . . . . . .
min.
information on the Project Information
civil or criminal litigation. We may disclose
Memorandum.
this information to cities, states, the
Preparing and sending the form
2 hrs., 26
to the IRS . . . . . . . . . . . . . . . .
min.
District of Columbia, and U.S.
Privacy Act and Paperwork Reduction
commonwealths and territories for use in
Act Notice. We ask for the information
If you have comments concerning the
administering their tax laws. We may also
on these forms to carry out the Internal
accuracy of these time estimates or
disclose this information to other
Revenue laws of the United States. We
suggestions for making this form simpler,
countries under a tax treaty, to Federal
need it to ensure that you are complying
we would be happy to hear from you. See
and state agencies to enforce Federal
with these laws and to allow us to figure
the instructions for the tax return with
nontax criminal laws, or to Federal law
and collect the right amount of tax. Our
which this form is filed.
enforcement and intelligence agencies to
authority to ask for the information on this
combat terrorism.
form is Internal Revenue Code section
You are not required to provide the
48D. Section 6109 requires applicants
information requested on a form that is
and return preparers to provide their
-5-
Instructions for Form 8942 (June 2010)

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