TD 9392 - Information Return by Donees Relating to Qualified Intellectual Property Contributions (REG-158138-04)

Forms and Documents

Document Name	Status
1545-1932_Supporting Statement_REV.doc Supporting Statement A	2012-08-14

IC Document Collections

IC ID	Document Title	Status
19641	TD 9392 - Information Return by Donees Relating to Qualified Intellectual Property Contributions (REG-158138-04)	Modified

ICR Details

OMB Control No: 1545-1932	ICR Reference No: 201207-1545-008
Status: Historical Active	Previous ICR Reference No: 200903-1545-017
Agency/Subagency: TREAS/IRS	Agency Tracking No: EC-1545-1932-008
Title: TD 9392 - Information Return by Donees Relating to Qualified Intellectual Property Contributions (REG-158138-04)
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/10/2012
	Date Received in OIRA: 08/28/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2015	36 Months From Approved	10/31/2012
Responses	100	0	10
Time Burden (Hours)	200	0	2
Cost Burden (Dollars)	0	0	0

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Abstract: These regulations provide guidance for filing information returns by donees relating to qualified intellectual property contributions. The regulations affect donees receiving qualified intellectual property contributions after June 3, 2004.

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Authorizing Statute(s): PL: Pub.L. 108 - 357 118 Name of Law: null
  

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:
	77 FR 20694	04/05/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 51108	08/23/2012
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
TD 9392 - Information Return by Donees Relating to Qualified Intellectual Property Contributions (REG-158138-04)

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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	100	10	0	0	90	0
Annual Time Burden (Hours)	200	2	0	0	198	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: The revision is due to an adjustment in agency estimates to correct an error in the previously reported burden calculations. We are making a correction to the number of respondents and the recordkeeping time to reflect the numbers shown in the NPRM as published on May 23, 2005 (70 FR 29460). The annual burden increased by 198 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: 08/28/2012

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