IA-56-87 and IA-53-87 Final Minimum Tax-Tax Benefit Rule

ICR 200701-1545-008

OMB: 1545-1093

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2007-01-09
Supporting Statement A
2007-01-09
IC Document Collections
IC ID
Document
Title
Status
17804
Modified
ICR Details
1545-1093 200701-1545-008
Historical Active 200312-1545-018
TREAS/IRS CB-1093-008
IA-56-87 and IA-53-87 Final Minimum Tax-Tax Benefit Rule
Extension without change of a currently approved collection   No
Regular
Approved without change 05/07/2007
Retrieve Notice of Action (NOA) 02/06/2007
  Inventory as of this Action Requested Previously Approved
05/31/2010 36 Months From Approved 05/31/2007
200 0 200
40 0 40
0 0 0

Section 58(h) of the 1954 Internal Revenue Code provides that the Secretary shall provide for adjusting tax preference items where such items provided no tax benefit for any taxable year. This regulation provides guidance for situations where tax preference items provided no tax benefit because of available credits and describes how to claim a credit or refund of minimum tax paid on such preferences.

US Code: 26 USC 6103 Name of Law: null
  
None

1545-AK20 Final or interim final rulemaking 57 FR 19253 05/05/1992

  71 FR 62659 10/26/2006
72 FR 5103 02/02/2007
No

1
IC Title Form No. Form Name
IA-56-87 and IA-53-87 Final Minimum Tax-Tax Benefit Rule

  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) 40 40 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Reuben Boone 202 622-4960

  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.
02/06/2007


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