Earnings Stripping under Section 163(j) -- INTL-0870-89

ICR 199505-1545-015

OMB: 1545-1255

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
131853
Migrated
ICR Details
1545-1255 199505-1545-015
Historical Active 199305-1545-003
TREAS/IRS
Earnings Stripping under Section 163(j) -- INTL-0870-89
Extension without change of a currently approved collection   No
Regular
Approved without change 08/07/1995
Retrieve Notice of Action (NOA) 05/19/1995
It is our understanding that the Department will consider publishing this rule as a final rule during 1996. Also, we understand that taxpayers are now relying on this rule.
  Inventory as of this Action Requested Previously Approved
08/31/1998 08/31/1998 07/31/1995
2,300 0 0
1,150 0 1
0 0 0

Certain taxpayers are allowed to write off the fixed basis of the stock of an acquired corporation rather than the adjusted basis of the acquired corporation.

None
None


No

1
IC Title Form No. Form Name
Earnings Stripping under Section 163(j) -- INTL-0870-89

  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 2,300 0 0 2,300 0 0
Annual Time Burden (Hours) 1,150 1 0 1,149 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.
05/19/1995


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