FI-182-78 (NPRM) Transfers of Securities Under Certain Agreements

ICR 200606-1545-008

OMB: 1545-0770

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
ICR Details
1545-0770 200606-1545-008
Historical Active 200306-1545-024
TREAS/IRS
FI-182-78 (NPRM) Transfers of Securities Under Certain Agreements
Extension without change of a currently approved collection   No
Regular
Approved without change 07/26/2006
Retrieve Notice of Action (NOA) 06/08/2006
  Inventory as of this Action Requested Previously Approved
07/31/2009 36 Months From Approved 07/31/2006
11,742 0 11,742
9,781 0 9,781
0 0 0

Section 1058 of the Internal Revenue Code provides tax-free treatment for tranfers of securities pursuant to a securities lending agreement. The agreement must be in writing and is used by the taxpayer, in a tax audit situation, to justify nonrecognition treatment of gain or loss on the exchange of the securities.

None
None


No

1
IC Title Form No. Form Name
FI-182-78 (NPRM) Transfers of Securities Under Certain Agreements

  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 11,742 11,742 0 0 0 0
Annual Time Burden (Hours) 9,781 9,781 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.
06/08/2006


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