Clear Reflection of Income in the Case of Hedging Transactions -- FI-54-93 (Final)

ICR 199704-1545-010

OMB: 1545-1412

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
1545-1412 199704-1545-010
Historical Active 199406-1545-003
TREAS/IRS
Clear Reflection of Income in the Case of Hedging Transactions -- FI-54-93 (Final)
Extension without change of a currently approved collection   No
Regular
Approved without change 05/23/1997
Retrieve Notice of Action (NOA) 04/11/1997
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
06/30/2000 06/30/2000 06/30/1997
110,000 0 50,000
22,000 0 37,000
0 0 0

This information is required by the Internal Revenue Service to verify compliance with section 446 of the Internal Revenue Code. This information will be used to determine that the amount of tax has been computed correctly. The likely recordkeepers are businesses or other for-profit institutions.

None
None


No

1
IC Title Form No. Form Name
Clear Reflection of Income in the Case of Hedging Transactions -- FI-54-93 (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 110,000 50,000 0 60,000 0 0
Annual Time Burden (Hours) 22,000 37,000 0 -15,000 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes

$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.
04/11/1997


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