T.D. 9107 (Final) - Guidance Regarding Deduction and Capitalization of Expenditures (REG-125638-01)

ICR 201307-1545-037

OMB: 1545-1870

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2013-07-18
IC Document Collections
ICR Details
1545-1870 201307-1545-037
Historical Active 201004-1545-009
TREAS/IRS
T.D. 9107 (Final) - Guidance Regarding Deduction and Capitalization of Expenditures (REG-125638-01)
Extension without change of a currently approved collection   No
Regular
Approved without change 09/11/2013
Retrieve Notice of Action (NOA) 07/30/2013
  Inventory as of this Action Requested Previously Approved
09/30/2016 36 Months From Approved 09/30/2013
3,000 0 3,000
3,000 0 3,000
0 0 0

Final regulations require that a taxpayer's nonaccrual-experience method must be self-tested against the taxpayer's experience to determine whether the nonaccrual-experience method clearly reflects the taxpayer's experience. The information required to be retained by taxpayers will constitute sufficient documentation for purposes of substantiating a deduction. The information will be used by the agency on audit to determine the taxpayer's entitlement to a deduction. The respondents include taxpayers who engage in certain transactions involving the acquisition of a trade or business or an ownership interest in a legal entity.

US Code: 26 USC 263 Name of Law: Capital expenditures
   US Code: 26 USC 7805 Name of Law: Rules and regulations
  
None

Not associated with rulemaking

  78 FR 6846 01/31/2013
78 FR 45602 07/29/2013
No

1
IC Title Form No. Form Name
REG-125638-01 (Final T.D. 9107) Guidance Regarding Deduction and Capitalization of Expenditures

  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 3,000 3,000 0 0 0 0
Annual Time Burden (Hours) 3,000 3,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Andrew Keyso 202 622-5020

  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.
07/30/2013


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