FI-46-89 (Final) Treatment of Acquisition of Certain Financial Institutions: Certain Tax Consequences of Federal Financial Assistance to Financial Institutions.

ICR 200703-1545-020

OMB: 1545-1300

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2007-03-26
Supporting Statement A
0000-00-00
ICR Details
1545-1300 200703-1545-020
Historical Active 200403-1545-033
TREAS/IRS CB-1300-020
FI-46-89 (Final) Treatment of Acquisition of Certain Financial Institutions: Certain Tax Consequences of Federal Financial Assistance to Financial Institutions.
Extension without change of a currently approved collection   No
Regular
Approved without change 07/08/2007
Retrieve Notice of Action (NOA) 04/26/2007
  Inventory as of this Action Requested Previously Approved
07/31/2010 36 Months From Approved 06/30/2007
500 0 500
2,200 0 2,200
0 0 0

Recipients of Federal financial assistance (FFA) must maintain an account of FFA that is deferred from inclusion in gross income and subsequently recaptured. This information is used to determine the recipient's tax liability. Also, tax not subject to collection must be reported and information must be provided if certain elections are made.

US Code: 26 USC 6103 Name of Law: Confidentiality and Disclosure of Returns and Return Information
   US Code: 26 USC 597 Name of Law: Treatment of Transactions in which Federal Financial Assistance Provided
   US Code: 26 USC 7805 Name of Law: Rules and Regulations
  
None

Not associated with rulemaking

  72 FR 2923 01/23/2007
72 FR 20919 04/26/2007
No

  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 500 500 0 0 0 0
Annual Time Burden (Hours) 2,200 2,200 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Richard Passales 202 622-7530

  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.
04/26/2007


© 2024 OMB.report | Privacy Policy