Revenue Procedure 140413-04 Granting Automatic Consent to Change the Alternative Tax Book Value Method of Valuing Assets for Expenses Apportionment Purposes.

ICR 200505-1545-028

OMB: 1545-1944

Federal Form Document

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ICR Details
1545-1944 200505-1545-028
Historical Active 200505-1545-009
TREAS/IRS
Revenue Procedure 140413-04 Granting Automatic Consent to Change the Alternative Tax Book Value Method of Valuing Assets for Expenses Apportionment Purposes.
No material or nonsubstantive change to a currently approved collection   No
Emergency 05/05/2005
Approved without change 05/05/2005
Retrieve Notice of Action (NOA) 05/05/2005
  Inventory as of this Action Requested Previously Approved
11/30/2005 11/30/2005 11/30/2005
200 0 200
100 0 100
0 0 0

This revenue procedure provides the administrative procedure under which an eligible taxpayer may obtain automatic consent to change from the fair market value method to the alternative tax book value method of valuing assets for purposes of apportioning expenses under section 1.861-9T(g) of the temporary Income Tax Regulations. The procedure applies to changes in apportionment method requested for taxable years beginning between March 26, 2004 and March 25, 2006. The reporting and recordkeeping requirements imposed by the revenue procedure will enable the IRS to identiy eligibility to use the procedure and the years for

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 200 200 0 0 0 0
Annual Time Burden (Hours) 100 100 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.
05/05/2005


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