IMPOSITION OF ACCURACY, RELATED PENALTY -- IN-21-91 (PROPOSED RULE)

ICR 199301-1545-014

OMB: 1545-1365

Federal Form Document

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ICR Details
1545-1365 199301-1545-014
Historical Active
TREAS/IRS
IMPOSITION OF ACCURACY, RELATED PENALTY -- IN-21-91 (PROPOSED RULE)
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 03/31/1993
Retrieve Notice of Action (NOA) 01/13/1993
  Inventory as of this Action Requested Previously Approved
03/31/1996 03/31/1996
1 0 0
1 0 0
0 0 0

THESE PROPOSED REGULATIONS PROVIDE GUIDANCE ABOUT SUBSTANTIAL AND GROS VALUATION MISSTATEMENTS AS DEFINED IN SECTIONS 6662(E) AND 6662(H). THEY ALSO PROVIDE GUIDANCE ABOUT THE REASONABLE CAUSE AND GOOD FAITH EXCLUSION. THE PROPOSED REGULATIONS APPLY TO TAXPAYERS WHO HAVE TRANSACTIONS BETWEEN PERSONS DESCRIBED IN SECTION 482 AND NET SECTION 482 TRANSFER PRICE ADJUSTMENTS.

None
None


No

1
IC Title Form No. Form Name
IMPOSITION OF ACCURACY, RELATED PENALTY -- IN-21-91 (PROPOSED RULE)

  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 1 0 0 1 0 0
Annual Time Burden (Hours) 1 0 0 1 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No

$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.
01/13/1993


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