Application of Section 338 to Insurance Companies

ICR 201208-1545-031

OMB: 1545-1990

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2012-09-19
IC Document Collections
IC ID
Document
Title
Status
19740
Modified
ICR Details
1545-1990 201208-1545-031
Historical Active 200907-1545-018
TREAS/IRS jg-1990-031
Application of Section 338 to Insurance Companies
Extension without change of a currently approved collection   No
Regular
Approved without change 11/01/2012
Retrieve Notice of Action (NOA) 09/19/2012
  Inventory as of this Action Requested Previously Approved
11/30/2015 36 Months From Approved 10/31/2012
12 0 12
12 0 12
0 0 0

These regulations will allow companies to retroactively apply the regulations to transactions completed prior to the effective data and to stop an election to use a historic loss payment pattern.

US Code: 26 USC 338 Name of Law: Certain stock purchases treated as asset acquisitions.
   US Code: 26 USC 846(e) Name of Law: Election to use company's historical payment pattern.
   US Code: 26 USC 197 Name of Law: Amortization of goodwill and certain other intangibles.
  
None

Not associated with rulemaking

  77 FR 20884 04/06/2012
77 FR 57189 09/17/2012
No

1
IC Title Form No. Form Name
Application of section 338 to Insurance Companies

  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 12 12 0 0 0 0
Annual Time Burden (Hours) 12 12 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Mark Weiss 202 622-7750 [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.
09/19/2012


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