REG-102144-04 (NPRM) Dual Consolidated Losses

ICR 200601-1545-046

OMB: 1545-1946

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC ID
Document
Title
Status
41195 Migrated
ICR Details
1545-1946 200601-1545-046
Historical Active 200505-1545-010
TREAS/IRS
REG-102144-04 (NPRM) Dual Consolidated Losses
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 01/25/2006
Retrieve Notice of Action (NOA) 01/25/2006
  Inventory as of this Action Requested Previously Approved
07/31/2008 07/31/2008 07/31/2008
1,780 0 1,765
2,740 0 2,665
0 0 0

Section 1503(d) denies the use of the losses of one domestic corporation by another affiliated domestic corporation where the loss corporation is also subject to the income tax of a foreign country. The proposed regulation permits the domestic use of the loss if the loss has not been used in the foreign country provided a domestic use agreement is filed with the income tax return of the domestic affiliated group or domestic owner agreeing to recapture the loss into income upon a future foreign use of the loss.

None
None


No

1
IC Title Form No. Form Name
REG-102144-04 (NPRM) Dual Consolidated Losses REG-102144-04

  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 1,780 1,765 0 15 0 0
Annual Time Burden (Hours) 2,740 2,665 0 75 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.
01/25/2006


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