REG-157711-02 (TD 9424 - Final) - Loss on Subsidiary Stock

ICR 201012-1545-033

OMB: 1545-2096

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2010-12-17
Supplementary Document
2010-12-17
Supplementary Document
2010-12-17
Supporting Statement A
2010-12-17
IC Document Collections
IC ID
Document
Title
Status
46536
Unchanged
ICR Details
1545-2096 201012-1545-033
Historical Active 200809-1545-014
TREAS/IRS
REG-157711-02 (TD 9424 - Final) - Loss on Subsidiary Stock
Extension without change of a currently approved collection   No
Regular
Approved without change 04/27/2011
Retrieve Notice of Action (NOA) 02/25/2011
  Inventory as of this Action Requested Previously Approved
04/30/2014 36 Months From Approved 04/30/2011
100 0 100
25 0 25
0 0 0

This document contains final regulations under sections 358, 362(e)(2), and 1502 of the Internal Revenue Code (Code). The regulations apply to corporations filing consolidated returns, and corporations that enter into certain tax-free reorganizations. The regulations provide rules for determining the tax consequences of a member's transfer (including by deconsolidation and worthlessness) of loss shares of subsidiary stock. In addition, the regulations provide that section 362(e)(2) generally does not apply to transactions between members of a consolidated group. Finally, the regulations conform or clarify various provisions of the consolidated return regulations, including those relating to adjustments to subsidiary stock basis.

US Code: 26 USC 1502 Name of Law: Regulations
   US Code: 26 USC 337(d) Name of Law: Nonrecognition for property distributed to parent in complete liquidation of subsidiary
   US Code: 26 USC 7805 Name of Law: Rules and regulations
  
None

Not associated with rulemaking

  75 FR 61241 10/04/2010
76 FR 10664 02/25/2011
No

1
IC Title Form No. Form Name
Loss on Subsidiary 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 100 100 0 0 0 0
Annual Time Burden (Hours) 25 25 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Marcie Barese 202 622-7790 [email protected]

  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.
02/25/2011


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