CO-69-87 and CO-68-87 (Final) Final Regulations Under Sections 382 of the Internal Revenue Code of 1986; Pre-change Attributes; CO-18-90 (Final) Final Regulations Under Section 382 of the

ICR 200002-1545-005

OMB: 1545-1120

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1545-1120 200002-1545-005
Historical Active 199701-1545-014
TREAS/IRS
CO-69-87 and CO-68-87 (Final) Final Regulations Under Sections 382 of the Internal Revenue Code of 1986; Pre-change Attributes; CO-18-90 (Final) Final Regulations Under Section 382 of the
Extension without change of a currently approved collection   No
Regular
Approved without change 04/22/2000
Retrieve Notice of Action (NOA) 02/22/2000
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
04/30/2003 04/30/2003 04/30/2000
75,150 0 75,150
220,575 0 220,575
0 0 0

(CO-69-87 and CO-68-87) Theses regulations require reporting by a corporation after it undergoes an "ownership change" under sections 382 and 383. Corporations required to report under these regulations include those with capital loss carryovers and excess credits. (CO-18-90) These regulations provide rules for the treatment of options under IRC section 382 for purposes of determining whether a corporation undergoes an owernship change. The regulation allows for certain elections for corporations whose stock is subject to options.

None
None


No

  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 75,150 75,150 0 0 0 0
Annual Time Burden (Hours) 220,575 220,575 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
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.
02/22/2000


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