Original Issue Discount

ICR 201005-1545-003

OMB: 1545-0117

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supplementary Document
2007-02-14
Supporting Statement A
2010-05-03
IC Document Collections
IC ID
Document
Title
Status
16931 Modified
ICR Details
1545-0117 201005-1545-003
Historical Active 200702-1545-015
TREAS/IRS
Original Issue Discount
Extension without change of a currently approved collection   No
Regular
Approved without change 07/21/2010
Retrieve Notice of Action (NOA) 05/19/2010
  Inventory as of this Action Requested Previously Approved
07/31/2013 36 Months From Approved 07/31/2010
5,906,965 0 5,906,965
1,142,324 0 1,142,324
0 0 0

Form 1099-OID is used for reporting original issue discount as required by section 6049 of the Internal Revenue Code. It is used to verify that income earned on discount obligations is properly reported by the recipient.

None
None

Not associated with rulemaking

  74 FR 58681 11/13/2009
75 FR 27859 05/18/2010
No

1
IC Title Form No. Form Name
Original Issue Discount FORM-1099-OID Original Issue Discount

  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 5,906,965 5,906,965 0 0 0 0
Annual Time Burden (Hours) 1,142,324 1,142,324 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$94,754
No
No
No
Uncollected
No
Uncollected
Janice Martin 202 622-3312

  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.
05/19/2010


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