Limitations on Percentage Depletion in the Case of Oil and Gas Wells (PS-105-75) Final

ICR 201207-1545-039

OMB: 1545-0919

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2012-08-06
IC Document Collections
ICR Details
1545-0919 201207-1545-039
Historical Active 200906-1545-019
TREAS/IRS ah-0919-019
Limitations on Percentage Depletion in the Case of Oil and Gas Wells (PS-105-75) Final
Extension without change of a currently approved collection   No
Regular
Approved without change 10/10/2012
Retrieve Notice of Action (NOA) 08/30/2012
  Inventory as of this Action Requested Previously Approved
10/31/2015 36 Months From Approved 10/31/2012
1,500,000 0 1,500,000
1 0 1
0 0 0

The regulations require each partner to separately keep records of his share of the adjusted basis of partnership oil and gas property and require each partnership, trusts, estate, and operator to provide information necessary to certain persons to compute depletion with respect to oil and gas.

US Code: 26 USC 613A Name of Law: Percentage depletion
  
None

Not associated with rulemaking

  77 FR 31913 05/30/2012
77 FR 52785 08/30/2012
No

1
IC Title Form No. Form Name
Limitations on Percentage Depletion in the Case of Oil and Gas Wells (PS-105-75) Final

  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 1,500,000 1,500,000 0 0 0 0
Annual Time Burden (Hours) 1 1 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Brenda Stewart 202 622-3120

  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.
08/30/2012


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