FI-104-90 Final Tax Treatment of Salvage and Reinsurance

ICR 201207-1545-020

OMB: 1545-1227

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2012-07-12
IC Document Collections
IC ID
Document
Title
Status
17988
Unchanged
ICR Details
1545-1227 201207-1545-020
Historical Active 200905-1545-029
TREAS/IRS ah-1227-029
FI-104-90 Final Tax Treatment of Salvage and Reinsurance
Extension without change of a currently approved collection   No
Regular
Approved without change 09/27/2012
Retrieve Notice of Action (NOA) 07/30/2012
  Inventory as of this Action Requested Previously Approved
09/30/2015 36 Months From Approved 09/30/2012
2,500 0 2,500
5,000 0 5,000
0 0 0

The regulation provides a disclosure requirement for an insurance company that increases losses shown on its annual statement by the amount of estimated salvage recoverable taken into account.

US Code: 26 USC 832(b)(3) Name of Law: Underwriting income
   US Code: 26 USC 832(b)(5) Name of Law: Losses incurred
  
None

Not associated with rulemaking

  77 FR 31686 05/29/2012
77 FR 44711 07/30/2012
No

1
IC Title Form No. Form Name
FI-104-90 Final Tax Treatment of Salvage and Reinsurance

  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 2,500 2,500 0 0 0 0
Annual Time Burden (Hours) 5,000 5,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Katherine Hossofsky 202 622-3970

  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.
07/30/2012


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