Disclosure Statement (Form 8275), and Regulation Disclosure Statement (Form 8275-R)

ICR 200401-1545-003

OMB: 1545-0889

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
ICR Details
1545-0889 200401-1545-003
Historical Active 200101-1545-017
TREAS/IRS
Disclosure Statement (Form 8275), and Regulation Disclosure Statement (Form 8275-R)
Extension without change of a currently approved collection   No
Regular
Approved without change 02/19/2004
Retrieve Notice of Action (NOA) 01/13/2004
  Inventory as of this Action Requested Previously Approved
02/28/2007 02/28/2007 03/31/2004
1,000,000 0 1,000,000
5,575,000 0 5,575,000
0 0 0

IRC section 6662 imposes accuracy related penalties for substantial understatement of tax liability or negligence or disregard of rules and regulations. Section 6694 imposes similar penalties on return preparers. Regulations section 1.6662-4(e) and (f) provide for reduction of these penalties if adequate disclosure of the tax treatment is made on Form 8275 or, if the position is contrary to a regulation on Form 8275-R.

None
None


No

1
IC Title Form No. Form Name
Disclosure Statement (Form 8275), and Regulation Disclosure Statement (Form 8275-R) 8275, 8275-R

  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 1,000,000 1,000,000 0 0 0 0
Annual Time Burden (Hours) 5,575,000 5,575,000 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.
01/13/2004


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