Loss on Subsidiary Stock (REG-157711-02 (NPRM))

ICR 200809-1545-014

OMB: 1545-2096

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2007-10-15
Supporting Statement A
2006-12-22
IC Document Collections
IC ID
Document
Title
Status
46536
New
ICR Details
1545-2096 200809-1545-014
Historical Active 200612-1545-036
TREAS/IRS
Loss on Subsidiary Stock (REG-157711-02 (NPRM))
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 09/19/2008
Retrieve Notice of Action (NOA) 09/19/2008
  Inventory as of this Action Requested Previously Approved
04/30/2011 36 Months From Approved
100 0 0
25 0 0
0 0 0

This document contains proposed regulations under section 1502 of the Internal Revenue Code. The regulations apply to corporations filing consolidated returns. The regulations implement aspects of the repeal of the General Utilities doctrine by requiring certain reductions in subsidiary stock basis on the transfer of the stock. The regulations also prevent the duplication of loss that might otherwise result in connection with a transfer of subsidiary stock by requiring certain redeterminations of basis and by reducing the subsidiary’s attributes.

US Code: 26 USC 1502 Name of Law: null
  
None

1545-BB61 Final or interim final rulemaking 73 FR 53934 09/17/2008

No

1
IC Title Form No. Form Name
Loss on Subsidiary Stock

  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 100 0 0 100 0 0
Annual Time Burden (Hours) 25 0 0 25 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
New proposed regulations.

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Marcie Barese 202 622-7790 [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.
04/03/2008


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