Treatment of Obligation-Shifting Transactions -- REG-209817-96 (Proposed Rule)

ICR 199612-1545-011

OMB: 1545-1515

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
ICR Details
1545-1515 199612-1545-011
Historical Active
TREAS/IRS
Treatment of Obligation-Shifting Transactions -- REG-209817-96 (Proposed Rule)
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 01/24/1997
Retrieve Notice of Action (NOA) 12/16/1996
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
01/31/2000 01/31/2000
100 0 0
500 0 0
0 0 0

Section 1.7701(1)-2 recharacterizes certain multiple-party financing transactions. Pass-through entities engaging in these transactions must reflect the required recharacterization on their books. This collection of information is required to verify compliance with the regulation and will be used to determine whether the amount of tax has been correctly computed.

None
None


No

1
IC Title Form No. Form Name
Treatment of Obligation-Shifting Transactions -- REG-209817-96 (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 100 0 0 100 0 0
Annual Time Burden (Hours) 500 0 0 500 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.
12/16/1996


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