LIFO Conformity Requirement -- Revenue Procedure 97-44

ICR 199709-1545-018

OMB: 1545-1559

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
18725
Migrated
ICR Details
1545-1559 199709-1545-018
Historical Active
TREAS/IRS
LIFO Conformity Requirement -- Revenue Procedure 97-44
New collection (Request for a new OMB Control Number)   No
Emergency 09/19/1997
Approved without change 09/18/1997
Retrieve Notice of Action (NOA) 09/18/1997
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
03/31/1998 03/31/1998
5,000 0 0
100,000 0 0
0 0 0

Revenue Procedure 97-44 permits automobile dealers that comply with the terms of the revenue procedure to continue using the LIFO inventory method despite previous violations of the LIFO conformity requirements of section 472(c) or (e)(2).

None
None


No

1
IC Title Form No. Form Name
LIFO Conformity Requirement -- Revenue Procedure 97-44

  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 5,000 0 0 5,000 0 0
Annual Time Burden (Hours) 100,000 0 0 100,000 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.
09/18/1997


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