INTL-870-89 (NPRM) Earnings Stripping (Section 163(j))

ICR 201008-1545-010

OMB: 1545-1255

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2010-08-03
Supplementary Document
2007-04-17
IC Document Collections
IC ID
Document
Title
Status
18027
Modified
ICR Details
1545-1255 201008-1545-010
Historical Active 200704-1545-035
TREAS/IRS
INTL-870-89 (NPRM) Earnings Stripping (Section 163(j))
Extension without change of a currently approved collection   No
Regular
Approved without change 11/26/2010
Retrieve Notice of Action (NOA) 09/28/2010
  Inventory as of this Action Requested Previously Approved
11/30/2013 36 Months From Approved 11/30/2010
2,300 0 2,300
1,196 0 1,196
0 0 0

Certain taxpayers are allowed to write off the fixed basis of the stock of an acquired corporation. The data obtained by the IRS from the various elections and identifications is used to verify that taxpayers have, in fact, elected special treatment under section 163(j).

US Code: 26 USC 163(j) Name of Law: Interest
  
None

Not associated with rulemaking

  75 FR 30904 06/02/2010
75 FR 59795 09/28/2010
No

1
IC Title Form No. Form Name
INTL-870-89 (NPRM) Earnings Stripping (Section 163(j)

  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 2,300 2,300 0 0 0 0
Annual Time Burden (Hours) 1,196 1,196 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Jacob Feldman 202 622-3870

  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.
09/28/2010


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