RP 97-36, RP 97-38, RP 97-39, RP 2002-9, and RP 2008-52, RP 2009-39; Changes in Methods of Accounting (RP 2010-XX)

Forms and Documents

Document Name	Status
Summary of Changes.doc Justification for No Material/Nonsubstantive Change	2010-11-12
RP 2008-52.pdf Supplementary Document	2010-01-19

IC Document Collections

IC ID	Document Title	Status
195246	RP 150563-09 - Changes in Methods of Accounting (RP 2010-XX)	New
18697	Rev. Proc. 97-36, Rev. Proc. 97-38, Rev. Proc. 97-39, Rev. Proc. 2002-9 and Rev, Proc. 2009-39 -Changes in Methods of Accounting	Modified

ICR Details

OMB Control No: 1545-1551	ICR Reference No: 201011-1545-010
Status: Historical Active	Previous ICR Reference No: 201001-1545-012
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: RP 97-36, RP 97-38, RP 97-39, RP 2002-9, and RP 2008-52, RP 2009-39; Changes in Methods of Accounting (RP 2010-XX)
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/14/2011
	Date Received in OIRA: 12/13/2010
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2013	06/30/2013	06/30/2013
Responses	14,130	0	17,140
Time Burden (Hours)	15,359	0	24,937
Cost Burden (Dollars)	0	0	0

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Abstract: The information collected in the four revenue procedures is required in order for the Commissioner to determine whether the taxpayer properly is requesting to change its method of accounting and the terms and conditions of the change.

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Authorizing Statute(s): US Code: 26 USC 446(b) Name of Law: Exceptions
   US Code: 26 USC 446(e) Name of Law: Requirment Respecting Change of Accounting Method
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 42161	08/20/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 8188	02/23/2010
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Rev. Proc. 97-36, Rev. Proc. 97-38, Rev. Proc. 97-39, Rev. Proc. 2002-9 and Rev, Proc. 2009-39 -Changes in Methods of Accounting
RP 150563-09 - Changes in Methods of Accounting (RP 2010-XX)

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ICR Summary of Burden

	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	14,130	17,140	0	70	-3,080	0
Annual Time Burden (Hours)	15,359	24,937	0	153	-9,731	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: In general, Rev. Proc. 2010-XX continues to have the same requirements as Rev. Proc. 2008-52, as amplified, clarified, and modified by Rev. Proc. 2009-39. The areas in which the requirements are changed by Rev. Proc. 2010-XX are described below. First, section 6.24 of the APPENDIX of Rev. Proc. 2008-52, as modified by Rev. Proc. 2009-39, (concerning dispositions of a structural component of a building) required a taxpayer making an accounting method change under this section to prepare and attach a statement. Rev. Proc. 2010-XX modifies this requirement by asking whether a taxpayer is a public utility. Second, there is also a reduction in burden under section 6.24 of Rev. Proc. 2008-52, as modified by Rev. Proc. 2009-39. Section 6.24 required taxpayers to provide three copies of the Form 3115 to various IRS offices. The requirement to file the third copy is removed from the filing requirements under Rev. Proc. 2010-XX. Third, section 6.25 of the APPENDIX of Rev. Proc. 2008-52, as modified by Rev. Proc. 2009-39, (concerning dispositions of tangible depreciable assets (other than a building or its structural components) required a taxpayer making an accounting method change under this section to prepare and attach a statement. Rev. Proc. 2010-XX modifies this requirement by asking whether a taxpayer is a public utility. Fourth, there is also a reduction in burden under section 6.25 of Rev. Proc. 2008-52, as modified by Rev. Proc. 2009-39. Section 6.25 required taxpayers to provide three copies of the Form 3115 to various IRS offices. The requirement to file the third copy is removed from the filing requirements under Rev. Proc. 2010-XX. Fifth, section 15.11 of the APPENDIX of Rev. Proc. 2001-XX (advance payments – change in applicable financial statements (AFS)) requires a taxpayer making a change under this section to prepare and attach a statement in lieu of a Form 3115, to its tax return for the year of change. Sixth, section 29.01 of the APPENDIX of Rev. Proc. 2010-XX (change in functional currency) requires a taxpayer making a change under this section to prepare and attach a statement to the Form 3115. Seventh, Rev. Proc. 2008-52, as amplified, clarified, and modified by Rev. Proc. 2009-39, required sections 6.01, 6.02, 6.04, 6.05, 6.06, 6.07, 6.08, 6.09, 6.10, 6.11, 6.12, 6.14, 6.15, 6.16, 6.17, 6.18, 6.19, 6.20, 6.21, 6.22, 6.23, 6.24, 6.25, 9.01, and 9.02 of the APPENDIX to provide a copy of the application to the national office. However, Rev. Proc. 2010-XX modifies the filing requirements for these sections and requires the copy of the application to be provided to the IRS office in Ogden, UT. Rev. Proc. 2010-XX does not change the quantity of copies required to be provided, and therefore there will be no increased burden for purposes of the PRA. However, this change is included in the PRA analysis to provide an adequate and full disclosure of the filing changes being made in Rev. Proc. 2010-XX. Burden descriptions and calculations for Rev. Proc. 2008-52, as amplified, clarified, and modified by Rev. Proc. 2009-39, reflect a more accurate accounting of respondent and with respect to Rev. Proc. 2010-XX, we estimate that the total number of respondents will be 14,130 and the total annual recordkeeping and reporting burden is 15,359 hours.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/13/2010

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