ALLOCATION OF INCOME AND LOSS TO PERIODS BEFORE AND AFTER THE CHANGE DATE FOR PURPOSES OF SECTION 382 -- CO-49-88 (PROPOSED RULE)

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
132058	ALLOCATION OF INCOME AND LOSS TO PERIODS BEFORE AND AFTER THE CHANGE DATE FOR PURPOSES OF SECTION 382 -- CO-49-88 (PROPOSED RULE)		Migrated

ICR Details

OMB Control No: 1545-1381	ICR Reference No: 199303-1545-004
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: ALLOCATION OF INCOME AND LOSS TO PERIODS BEFORE AND AFTER THE CHANGE DATE FOR PURPOSES OF SECTION 382 -- CO-49-88 (PROPOSED RULE)
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/17/1993
	Date Received in OIRA: 03/08/1993
Terms of Clearance: Approved. The information collection in this rule has been reviewed a an existing collection under the provisions of 5 CFR 1320.14 because the rule was published on November 19, 1992, but not submitted for review under the Paperwork Reduction Act until March 8, 1993.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/1996	06/30/1996
Responses	1	0	0
Time Burden (Hours)	1	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: THIS REGULATION PROPOSES TO PROVIDE RULES FOR THE ALLOCATION OF A CORPORATION'S TAXABLE INCOME OR NET OPERATING LOSS BETWEEN THE PERIODS BEFORE AND AFTER AN OWNERSHIP CHANGE UNDER SECTION 382 OF THE CODE, INCLUDING AN ELECTION TO MAKE THE ALLOCATION BASED ON A CLOSING OF THE BOOKS AS OF THE CHANGE DATE.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
ALLOCATION OF INCOME AND LOSS TO PERIODS BEFORE AND AFTER THE CHANGE DATE FOR PURPOSES OF SECTION 382 -- CO-49-88 (PROPOSED RULE)

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ICR Summary of Burden

table that charts list of burden

	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

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 03/08/1993

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