Notice 2006-46 Announcement of Rules to be included in Final Regulations under Section 897(d) and (e) of the Internal Revenue Code

ICR 200912-1545-008

OMB: 1545-2017

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2009-12-14
Supplementary Document
2009-12-14
ICR Details
1545-2017 200912-1545-008
Historical Active 200608-1545-080
TREAS/IRS LM-1545-2017-080
Notice 2006-46 Announcement of Rules to be included in Final Regulations under Section 897(d) and (e) of the Internal Revenue Code
Extension without change of a currently approved collection   No
Regular
Approved without change 02/09/2010
Retrieve Notice of Action (NOA) 12/30/2009
  Inventory as of this Action Requested Previously Approved
02/28/2013 36 Months From Approved 02/28/2010
500 0 500
500 0 500
0 0 0

This notice announces that the IRS and Treasury Department will leave final regulations under section 897(d) and (e) of the Internal Revenue Code that will revise the rules under Temp. Treas. Reg. Sec. 1.897-5T, Notice 89-85, and Temp. Treas. Reg. Sec. 1.897-6T to take into account statutory mergers and consolidations under foreign or possessions law which may now qualify for non-recognition treatment under section 368(a)(1)(A). The specific collections of information are contained in Temp. Treas. Reg. Subsection 1.897-5T(c)(4)(II)(C) and 1.897-6T(b)(1). These reporting requirements notify the IRS of the transfer and enable it to verify that the transferor qualified for non-recognition and that the transferee will be subject to U.S. tax on a subsequent disposition of the U.S. real property.

US Code: 26 USC 897(d) Name of Law: Ttreatment of distributions by foreign corporations
   US Code: 26 USC 368 Name of Law: Definitions relating to corporate reorganizations.
  
None

Not associated with rulemaking

  74 FR 42164 08/20/2009
74 FR 69189 12/30/2009
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) 500 500 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
No
Uncollected
Charles Besecky 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.
12/30/2009


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