APPLICATION OF SECTIONS 1091(A) AND (D) AND SECTIONS 1233(B) AND (D) TO STRADDLES (SECTION 1092), CERTAIN ELECTIONS UNDER SECTIONS 102(G) & (H) OF TAX REFORM ACT, 1984, NPRM 297-84

ICR 198507-1545-033

OMB: 1545-0644

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1545-0644 198507-1545-033
Historical Active 198501-1545-003
TREAS/IRS
APPLICATION OF SECTIONS 1091(A) AND (D) AND SECTIONS 1233(B) AND (D) TO STRADDLES (SECTION 1092), CERTAIN ELECTIONS UNDER SECTIONS 102(G) & (H) OF TAX REFORM ACT, 1984, NPRM 297-84
No material or nonsubstantive change to a currently approved collection   No
Emergency 07/26/1985
Approved with change 07/26/1985
Retrieve Notice of Action (NOA) 07/26/1985
  Inventory as of this Action Requested Previously Approved
11/30/1986 11/30/1986 11/30/1986
223,100 0 223,100
305,342 0 305,542
0 0 0

SECTION 1092(B) PROVIDES THAT RULES SIMILAR TO SECTIONS 1091 AND 1233 ARE TO BE ADOPTED FOR PURPOSES OF THE LOSS DEFERRAL RULES OF SECTION 1092(A). SECTIONS 102(G) AND (H) OF THE TAX REFORM ACT OF 1984 PROVIDE THAT A TAXPAYER MAY ELECT THE MARK-TO-MARKET RULES OF SECTION 1256 FOR NONEQUITY OPTIONS AND DEALER EQUITY OPTIONS HELD ON OR BEFORE JULY 18, 1984.

None
None


No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 223,100 223,100 0 0 0 0
Annual Time Burden (Hours) 305,342 305,542 0 -200 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
07/26/1985


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