Sales of Business Property

ICR 201111-1545-005

OMB: 1545-0184

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2011-11-03
Supplementary Document
2008-07-21
IC Document Collections
IC ID
Document
Title
Status
39679 Modified
ICR Details
1545-0184 201111-1545-005
Historical Active 200807-1545-027
TREAS/IRS jg-0184-005
Sales of Business Property
Extension without change of a currently approved collection   No
Regular
Approved without change 12/19/2011
Retrieve Notice of Action (NOA) 11/28/2011
  Inventory as of this Action Requested Previously Approved
12/31/2014 36 Months From Approved 12/31/2011
1,993,957 0 1,993,957
100,633,248 0 100,633,248
0 0 0

This form is used to report the details of gains and losses from the sale, exchange, involuntary conversion (from other than casualty or theft loss), or disposition of the following: property used in your trade or business, depreciable or amortizable property, capital and non-capital (other than inventory) assets held in connection with the trade or business, or capital assets not reported on Schedule D. The form may also be used to compute the recapture amount under section 179 and 280F(b)(2) when the business use of the property decreases to 50 percent or below.

US Code: 26 USC 1231 Name of Law: Property used in the trade or business and involuntary conversions
  
None

Not associated with rulemaking

  76 FR 36620 06/22/2011
76 FR 72753 11/25/2011
No

1
IC Title Form No. Form Name
Sales of Business Property 4797 Sales of Business Property

  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 1,993,957 1,993,957 0 0 0 0
Annual Time Burden (Hours) 100,633,248 100,633,248 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$11,945
No
No
No
No
No
Uncollected
K Slaton 2022832734

  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.
11/28/2011


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