IA-195-78 (Final) Certain Returned Magazines, Paperbacks or Records

ICR 201110-1545-008

OMB: 1545-0879

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2011-10-04
IC Document Collections
ICR Details
1545-0879 201110-1545-008
Historical Active 200806-1545-006
TREAS/IRS ah-0879-006
IA-195-78 (Final) Certain Returned Magazines, Paperbacks or Records
Extension without change of a currently approved collection   No
Regular
Approved without change 12/19/2011
Retrieve Notice of Action (NOA) 10/27/2011
  Inventory as of this Action Requested Previously Approved
12/31/2014 36 Months From Approved 12/31/2011
19,500 0 19,500
8,125 0 8,125
0 0 0

The regulations provide rules relating to an exclusion from gross income for certain returned merchandise. The regulations provide that in addition to physical return of the merchandise, a written statement listing certain information may constitute evidence of the return. Taxpayers who receive physical evidence of the return may, in lieu of retaining physical evidence, retain documentary evidence of the return. Taxpayers in the trade or business of selling magazines, paperbacks, or records, who elect to use a certain method of accounting, are affected.

US Code: 26 USC 458 Name of Law: Magazines, paperbacks, and records returned after the close of the taxable year.
  
None

Not associated with rulemaking

  76 FR 30433 05/25/2011
76 FR 66355 10/26/2011
No

1
IC Title Form No. Form Name
IA-195-78 (Final) Certain Returned Magazines, Paperbacks or Records

  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 19,500 19,500 0 0 0 0
Annual Time Burden (Hours) 8,125 8,125 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Willie Armstrong 2026224970

  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.
10/27/2011


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