Arbitrage Rebate and Penalty in Lieu of Arbitrage Rebate

ICR 201005-1545-031

OMB: 1545-1219

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2010-06-02
Supplementary Document
2010-05-13
IC Document Collections
ICR Details
1545-1219 201005-1545-031
Historical Active 200704-1545-020
TREAS/IRS EC-1219-031
Arbitrage Rebate and Penalty in Lieu of Arbitrage Rebate
Revision of a currently approved collection   No
Regular
Approved without change 08/17/2010
Retrieve Notice of Action (NOA) 06/17/2010
  Inventory as of this Action Requested Previously Approved
08/31/2013 36 Months From Approved 08/31/2010
2,500 0 2,500
57,900 0 55,475
0 0 0

Form 8038-T is used by issuers of tax exempt bonds to report and pay the arbitrage rebate and to elect and/or pay various penalties associated with arbitrage bonds. These issuers include state and local governments.

US Code: 26 USC 143 Name of Law: Mortgage revenue bonds: qualified mortgage bond and qualified veterans' mortgage bond
   US Code: 26 USC 148 Name of Law: Arbitrage
  
None

Not associated with rulemaking

  75 FR 9026 02/26/2010
75 FR 33669 06/14/2010
No

1
IC Title Form No. Form Name
Arbitrage Rebate and Penalty in Lieu of Arbitrage Rebate 8038-T Arbitrage Rebate and Penalty in Lieu of Arbitrage Rebate

  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 2,500 2,500 0 0 0 0
Annual Time Burden (Hours) 57,900 55,475 0 2,425 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
Preparer signature box added in accordance with Rev. Proc. 2009-11 section 4.01, which states returns and claims for refund are required to be signed by a tax preparer as defined in Section 301.7701-15(b)(1) in order to avoid a section 6695(b) penalty.

$875
No
No
No
Uncollected
No
Uncollected
Tuawana Pinkston 202 622-3994

  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.
06/17/2010


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