T.D. 8802 Certain Asset Transfers to a Tax-Exempt Entity

ICR 201110-1545-021

OMB: 1545-1633

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2011-10-06
IC Document Collections
IC ID
Document
Title
Status
18977
Modified
ICR Details
1545-1633 201110-1545-021
Historical Active 200806-1545-036
TREAS/IRS jg-1633-021
T.D. 8802 Certain Asset Transfers to a Tax-Exempt Entity
Extension without change of a currently approved collection   No
Regular
Approved without change 12/12/2011
Retrieve Notice of Action (NOA) 10/31/2011
  Inventory as of this Action Requested Previously Approved
12/31/2014 36 Months From Approved 12/31/2011
25 0 25
125 0 125
0 0 0

This document contains final regulations that implement provisions of the Tax Reform Act of 1986 and the Technical and Miscellaneous Revenue Act of 1988. The final regulations generally affect a taxable corporation that transfers all or substantially all of its assets to a tax-exempt entity or converts from a taxable corporation to a tax-exempt entity in a transaction other than a liquidation, and generally require the taxable corporation to recognize gain or loss as if it had sold the assets transferred at fair market value.

US Code: 26 USC 511(a) Name of Law: Charitable, etc., organizations taxable at corporation rates.
   US Code: 26 USC 337 Name of Law: Nonrecognition for property distributed to parent in complete liquidation of subsidiary
  
None

Not associated with rulemaking

  76 FR 27747 05/12/2011
76 FR 66355 10/26/2011
No

1
IC Title Form No. Form Name
T.D. 8802 Certain Asset Transfers to a Tax-Exempt Entity

  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 25 25 0 0 0 0
Annual Time Burden (Hours) 125 125 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Stephen Cleary 202 622-7750

  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.
10/31/2011


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