Limitations on Corporate Net Operating Loss -- CO-49-88 (Final)

ICR 199604-1545-004

OMB: 1545-1381

Federal Form Document

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ICR Details
1545-1381 199604-1545-004
Historical Active 199303-1545-004
TREAS/IRS
Limitations on Corporate Net Operating Loss -- CO-49-88 (Final)
Extension without change of a currently approved collection   No
Regular
Approved without change 06/03/1996
Retrieve Notice of Action (NOA) 04/03/1996
  Inventory as of this Action Requested Previously Approved
06/30/1999 06/30/1999 06/30/1996
2,000 0 1
200 0 1
0 0 0

This regulation provides rules for the allocation of a loss 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.

None
None


No

1
IC Title Form No. Form Name
Limitations on Corporate Net Operating Loss -- CO-49-88 (Final)

  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 2,000 1 0 1,999 0 0
Annual Time Burden (Hours) 200 1 0 199 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.
04/03/1996


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