CAPITALIZATION OF INTEREST -- IA-120-86 (PROPOSED RULE)

ICR 199504-1545-016

OMB: 1545-1265

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
170893
Migrated
ICR Details
1545-1265 199504-1545-016
Historical Active 199410-1545-013
TREAS/IRS
CAPITALIZATION OF INTEREST -- IA-120-86 (PROPOSED RULE)
No material or nonsubstantive change to a currently approved collection   No
Emergency 04/21/1995
Approved with change 04/21/1995
Retrieve Notice of Action (NOA) 04/21/1995
  Inventory as of this Action Requested Previously Approved
01/31/1996 01/31/1996 01/31/1996
50 0 1
116,767 0 1
0 0 0

THE REGULATIONS REQUIRE TAXPAYERS TO MAINTAIN CONTEMPORANEOUS WRITTEN RECORDS OF ESTIMATES, TO FILE A RULING REQUEST TO SEGREGATE ACTIVITIES IN APPLYING THE INTEREST CAPITALIZATION RULES, AND TO REQUEST THE CONSENT OF THE COMMISSION TO CHANGE THEIR METHODS OF ACCOUNTING FOR THE CAPITALIZATION OF INTEREST.

None
None


No

1
IC Title Form No. Form Name
CAPITALIZATION OF INTEREST -- IA-120-86 (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 50 1 0 49 0 0
Annual Time Burden (Hours) 116,767 1 0 116,766 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.
04/21/1995


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