REG-106879-00 (Final) Consolidated Loss Recapture Events

ICR 200807-1545-020

OMB: 1545-1796

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2008-07-18
Supporting Statement A
2008-07-18
IC Document Collections
IC ID
Document
Title
Status
19391
Modified
ICR Details
1545-1796 200807-1545-020
Historical Active 200508-1545-014
TREAS/IRS CB-1796-020
REG-106879-00 (Final) Consolidated Loss Recapture Events
Extension without change of a currently approved collection   No
Regular
Approved without change 11/10/2008
Retrieve Notice of Action (NOA) 10/03/2008
  Inventory as of this Action Requested Previously Approved
11/30/2011 36 Months From Approved 11/30/2008
30 0 30
60 0 60
0 0 0

This document contains final regulations under section 1503(d) regarding the events that require the recapture of dual consolidated losses. These regulations are issued to facilitate compliance by taxpayers with the dual consolidated loss provisions. The regulations generally provide that certain events will not trigger recapture of a dual consolidated loss or payment of the associated interest charge. The regulations provide for the filing of certain agreements in such cases. This document also makes clarifying and conforming changes to the current regulations.

US Code: 26 USC 1503 Name of Law: Computation and payment of tax
   US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return information
  
None

Not associated with rulemaking

  73 FR 27026 05/12/2008
73 FR 57407 10/02/2008
No

1
IC Title Form No. Form Name
REG-106879-00 (Final) Consolidated Loss Recapture Events

  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 30 30 0 0 0 0
Annual Time Burden (Hours) 60 60 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Kenneth Allison 202 622-3860

  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.
10/03/2008


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