Inadvertent, Invalid S Elections and Late S Elections -- Announcement 97-XX

ICR 199612-1545-022

OMB: 1545-1524

Federal Form Document

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Name
Status
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ICR Details
1545-1524 199612-1545-022
Historical Active
TREAS/IRS
Inadvertent, Invalid S Elections and Late S Elections -- Announcement 97-XX
New collection (Request for a new OMB Control Number)   No
Emergency 12/30/1996
Approved without change 12/30/1996
Retrieve Notice of Action (NOA) 12/30/1996
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
06/30/1997 06/30/1997
800 0 0
800 0 0
0 0 0

Announcement 97-XX announces that, in order to obtain relief for invalid and late S corporation elections, taxpayers must generally request a private letter ruling. However, if an S corporation election is untimely made for the 1996 taxable year, there is a special transition rule for seeking late election relief.

None
None


No

1
IC Title Form No. Form Name
Inadvertent, Invalid S Elections and Late S Elections -- Announcement 97-XX

  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 800 0 0 800 0 0
Annual Time Burden (Hours) 800 0 0 800 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.
12/30/1996


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