REG-120882-97 (Final) Continuity of Interest

ICR 200701-1545-036

OMB: 1545-1691

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2007-01-30
IC Document Collections
IC ID
Document
Title
Status
19150
Modified
ICR Details
1545-1691 200701-1545-036
Historical Active 200311-1545-036
TREAS/IRS
REG-120882-97 (Final) Continuity of Interest
Extension without change of a currently approved collection   No
Regular
Approved without change 05/15/2007
Retrieve Notice of Action (NOA) 02/09/2007
  Inventory as of this Action Requested Previously Approved
05/31/2010 36 Months From Approved 05/31/2007
10 0 10
1,500 0 1,500
0 0 0

Taxpayers who entered into a binding agreement on or after January 28, 1998 (the effective date of Sec. 1.368-1T), and before the effective date of the final regulations under Sec. 1.368-1(e) may request a private letter ruling permitting them to apply Sec. 1.368-1(e) to their transaction. A private letter ruling will not be issued unless the taxpayer establishes to the satisfaction of the IRS that there is not a significant risk of different parties to the transaction taking inconsistent positions, for U.S, tax purposes with respect to the applicability of Sec. 1.368-1(e) to the transaction.

US Code: 26 USC 368 Name of Law: null
  
None

Not associated with rulemaking

  71 FR 61828 10/19/2006
72 FR 6314 02/09/2007
No

1
IC Title Form No. Form Name
REG-120882-97 (Final) Continuity of Interest

  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 10 10 0 0 0 0
Annual Time Burden (Hours) 1,500 1,500 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Phoebe Bennett 202 622-7770 [email protected]

  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.
02/09/2007


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