REG-161424-01 (Final), Information Reporting for Qualified Tuition and Related Expenses; Magnetic Media Filing Requirements for Information Returns; REC-105316-98 (Final) Information

ICR 201208-1545-006

OMB: 1545-1678

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2012-08-13
ICR Details
1545-1678 201208-1545-006
Historical Active 200906-1545-029
TREAS/IRS ah-1678-029
REG-161424-01 (Final), Information Reporting for Qualified Tuition and Related Expenses; Magnetic Media Filing Requirements for Information Returns; REC-105316-98 (Final) Information
Extension without change of a currently approved collection   No
Regular
Approved without change 10/15/2012
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 0 1
1 0 1
0 0 0

These regulations relate to the information reporting requirements in section 6050S of the Internal Revenue Code for payments of qualified tuition and related expenses and interest on qualified education loans. These regulations provide guidance to eligible education institutions, insurers, and payees required to file information returns and to furnish information statements under section 6050S.

US Code: 26 USC 25A Name of Law: Allowance of Credit
   US Code: 26 USC 221 Name of Law: Interest on Education Loans
  
None

Not associated with rulemaking

  77 FR 35479 06/13/2012
77 FR 52785 08/30/2012
No

  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 1 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
Donna Welch 202 622-4910

  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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