REG-144615-02 (TD 9441 (final)), Methods to Determine Taxable Income in Connection with a Cost Sharing Arrangement.

Forms and Documents

Document	Type	Status	Availability
Summary of Changes for TD 9441.doc	Justification for No Material/Nonsubstantive Change	Uploaded 2009-01-14	Available
REG-144615-02_Sup Stmnt.doc	Supporting Statement A	Uploaded 2009-01-21	Repair queued

IC Document Collections

IC ID	Collection	Type	Status	Form
18196	REG-144615-02 (TD 9441 (final)), Methods to Determine Taxable Income in Connection with a Cost Sharing Arrangement.		Modified

ICR Details

OMB Control No: 1545-1364	ICR Reference No: 200901-1545-018
Status: Historical Active	Previous ICR Reference No: 200806-1545-045
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: REG-144615-02 (TD 9441 (final)), Methods to Determine Taxable Income in Connection with a Cost Sharing Arrangement.
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/06/2009
	Date Received in OIRA: 12/03/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2011	11/30/2011	11/30/2011
Responses	500	0	500
Time Burden (Hours)	9,350	0	9,350
Cost Burden (Dollars)	0	0	0

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Abstract: The collection of information related to the IRS's assessment of whether a cost sharing arrangement is valid, and whether each participant's share of costs is proportionate to the participants share of benefits, and whether arm's length compensation has been paid to those participants providing external contributions such that an appropriate return is provided to those participants for putting their funds at risk to a greater extent than the other participants.

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Authorizing Statute(s): US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return information
   US Code: 26 USC 482 Name of Law: Allocation of income and deductions among taxpayers
  

Citations for New Statutory Requirements: US Code: 26 USC 1.482-7 Name of Law: Allocation of income and deductions among taxpayers

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 20359	04/15/2008
30-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 55203	09/24/2008
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
REG-144615-02 (TD 9441 (final)), Methods to Determine Taxable Income in Connection with a Cost Sharing Arrangement.

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ICR Summary of Burden

	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)	9,350	9,350	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The temporary regulations provide for an expansion of the documentation requirements in proposed § 1.482-7 in order to address perceived inadequacies in the requirements as well as to ensure compliance with the revised guidance on the valuation of PCT payments as set forth in temporary § 1.482-7(g). These changes increased the burden hours to 9,350.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/03/2009

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