CO-46-94 (TD 8594 - Final) Losses on Small Business Stock

ICR 201003-1545-006

OMB: 1545-1447

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2010-03-07
IC Document Collections
IC ID
Document
Title
Status
18359
Modified
ICR Details
1545-1447 201003-1545-006
Historical Active 200611-1545-014
TREAS/IRS
CO-46-94 (TD 8594 - Final) Losses on Small Business Stock
Extension without change of a currently approved collection   No
Regular
Approved without change 04/27/2010
Retrieve Notice of Action (NOA) 03/25/2010
  Inventory as of this Action Requested Previously Approved
04/30/2013 36 Months From Approved 04/30/2010
10,000 0 10,000
2,000 0 2,000
0 0 0

Section 1.1244(e)-1(b) of the regulation requires that a taxpayer claiming an ordinary loss with respect to section 1244 stock must have records sufficient to establish that the taxpayer satisfies the requirements of section 1244 and is entitled to the loss. The records are necessary to enable the Service examiner to verify that the stock qualifies as section 1244 stock and to determine whether the taxpayer is entitled to the loss.

US Code: 44 USC 3504(h) Name of Law: Acts to be performed by agents
   US Code: 26 USC 7805 Name of Law: Rules and regulations
   US Code: 26 USC 1244(e) Name of Law: Losses on small business stock
  
None

Not associated with rulemaking

  74 FR 55898 10/29/2009
75 FR 14255 03/24/2010
No

1
IC Title Form No. Form Name
CO-46-94 (TD 8594 - Final) Losses on Small Business 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 10,000 10,000 0 0 0 0
Annual Time Burden (Hours) 2,000 2,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
No
Uncollected
Charles Whedbee 202 622-7550

  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.
03/25/2010


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