Capital Gains, Partnership and Subchapter S, and Trust Provisions -- REG-106527-98 (Proposed Rule)

ICR 199906-1545-028

OMB: 1545-1654

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1545-1654 199906-1545-028
Historical Active
TREAS/IRS
Capital Gains, Partnership and Subchapter S, and Trust Provisions -- REG-106527-98 (Proposed Rule)
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 08/11/1999
Retrieve Notice of Action (NOA) 06/29/1999
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
08/31/2002 08/31/2002
1 0 0
1 0 0
0 0 0

Section 1(h) requires that transferors recognize collectibles gain when an interest in an S corporation, trust, or a partnership holding property with collectibles gain is sold or exchanged and that partners take section 1250 capital gain in the partnership property into account when an interest in the partnership is sold or exchanged. These regulations provide guidance.

None
None


No

1
IC Title Form No. Form Name
Capital Gains, Partnership and Subchapter S, and Trust Provisions -- REG-106527-98 (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 1 0 0 1 0 0
Annual Time Burden (Hours) 1 0 0 1 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.
06/29/1999


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