REG-131478-02 (NPRM) Guidance Under Section 1502; Suspension of Losses on Certain Stock Disposition

ICR 200303-1545-029

OMB: 1545-1828

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1545-1828 200303-1545-029
Historical Active 200302-1545-002
TREAS/IRS
REG-131478-02 (NPRM) Guidance Under Section 1502; Suspension of Losses on Certain Stock Disposition
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 03/07/2003
Retrieve Notice of Action (NOA) 03/07/2003
  Inventory as of this Action Requested Previously Approved
08/31/2003 08/31/2003 08/31/2003
7,475 0 4,475
15,000 0 15,000
0 0 0

The information in section 1.1502-20(c) is necessary to ensure that a consolidated group does not obtain more than one tax benefit from both the utilization of a loss from the disposition of stock and the utilization of a lost or deduction with respect to another asset that reflects the same economic loss; to allow the taxpayer to make election 1.1502-20(e) that would benefit the taxpayer; and to ensure that taxpayers do nt circumvent the loss suspension rule of 1.1502.-20(c) by deconsolidating a subsidary and the re-importing to the group losses of such subsidiary.

None
None


No

1
IC Title Form No. Form Name
REG-131478-02 (NPRM) Guidance Under Section 1502; Suspension of Losses on Certain Stock Disposition

  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 7,475 4,475 0 3,000 0 0
Annual Time Burden (Hours) 15,000 15,000 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.
03/07/2003


© 2024 OMB.report | Privacy Policy