Revenue Procedure 2000-37 Reverse Like-kind Exchanges

ICR 200610-1545-032

OMB: 1545-1701

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2006-10-19
Supporting Statement A
2006-10-19
IC Document Collections
IC ID
Document
Title
Status
19175
Modified
ICR Details
1545-1701 200610-1545-032
Historical Active 200311-1545-010
TREAS/IRS
Revenue Procedure 2000-37 Reverse Like-kind Exchanges
Extension without change of a currently approved collection   No
Regular
Approved without change 02/22/2007
Retrieve Notice of Action (NOA) 12/18/2006
  Inventory as of this Action Requested Previously Approved
02/28/2010 36 Months From Approved 02/28/2007
1,600 0 1,600
3,200 0 3,200
0 0 0

The revenue procedure provides a safe harbor for reverse like-kind exchanges under which a transaction using a "qualified exchange accommodation arrangement" will qualify for non-recognition treatment under Sec. 1031 of the Internal Revenue Code.

US Code: 26 USC 1031(a)(3) Name of Law: null
  
None

Not associated with rulemaking

  71 FR 47326 08/16/2006
71 FR 75811 12/18/2006
No

1
IC Title Form No. Form Name
Revenue Procedure 2000-37 Reverse Like-kind Exchanges

  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 1,600 1,600 0 0 0 0
Annual Time Burden (Hours) 3,200 3,200 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Robert Berkousky 202 622-6812

  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.
12/18/2006


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