REG-139768-02 (Final) Excise Tax Relating to Structured Settlement Factoring Transactions

ICR 201208-1545-008

OMB: 1545-1824

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2012-08-13
IC Document Collections
ICR Details
1545-1824 201208-1545-008
Historical Active 200906-1545-038
TREAS/IRS ah-1824-038
REG-139768-02 (Final) Excise Tax Relating to Structured Settlement Factoring Transactions
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
8 0 8
2 0 2
0 0 0

The regulations provide rules relating to the manner and method of reporting and paying the 40 percent excise tax imposed by section 5891 of the Internal Revenue Code with respect to acquiring of structured payment rights in a structured settlement factoring transaction.

US Code: 26 USC 5891 Name of Law: Structured settlement factoring transactions.
  
None

Not associated with rulemaking

  77 FR 35476 06/13/2012
77 FR 52785 08/30/2012
No

1
IC Title Form No. Form Name
REG-139768-02 (Final) Excise Tax Relating to Structured Settlement Factoring Transactions

  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 8 8 0 0 0 0
Annual Time Burden (Hours) 2 2 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Shareen Pflanz 202 622-4920 [email protected]

  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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