CREDIT FOR EMPLOYEE STOCK OWNERSHIP PLAN

ICR 198508-1545-009

OMB: 1545-0703

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC ID
Document
Title
Status
130393 Migrated
ICR Details
1545-0703 198508-1545-009
Historical Active 198410-1545-017
TREAS/IRS
CREDIT FOR EMPLOYEE STOCK OWNERSHIP PLAN
Revision of a currently approved collection   No
Regular
Approved without change 09/18/1985
Retrieve Notice of Action (NOA) 08/13/1985
  Inventory as of this Action Requested Previously Approved
09/30/1988 09/30/1988 10/31/1987
49,800 0 50,000
14,795 0 17,135
0 0 0

UNDER IRC SEC. 41, A CORPORATION MAY TAKE A CREDIT AGAINST INCOME TAX FOR TRANSFERRING EMPLOYER SECURITIES TO AN EMPLOYEE STOCK OWNERSHIP PLAN. THE CREDIT IS BASED ON THE PLAN PARTICIPANTS' PAYROLL. FORM 8007 IS USED TO FIGURE THE CREDIT. IRS USES THE INFORMATION TO DETERMINE IF THE CREDIT WAS FIGURED CORRECTLY.

None
None


No

1
IC Title Form No. Form Name
CREDIT FOR EMPLOYEE STOCK OWNERSHIP PLAN FORM 8007

  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 49,800 50,000 0 -194 -6 0
Annual Time Burden (Hours) 14,795 17,135 0 -2,271 -69 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.
08/13/1985


© 2024 OMB.report | Privacy Policy