CO-88-90 (TD 8530) Limitation on Net Operating Loss Carryforwards and Certain Built-in Losses Following Ownership Change; Special Rule for Value of a Loss Corporation Under the Jurisdiction...

ICR 201402-1545-008

OMB: 1545-1324

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2014-02-10
Supporting Statement A
2014-02-10
ICR Details
1545-1324 201402-1545-008
Historical Active 201011-1545-035
TREAS/IRS 2014-1545-1324
CO-88-90 (TD 8530) Limitation on Net Operating Loss Carryforwards and Certain Built-in Losses Following Ownership Change; Special Rule for Value of a Loss Corporation Under the Jurisdiction...
Extension without change of a currently approved collection   No
Regular
Approved without change 06/16/2014
Retrieve Notice of Action (NOA) 03/24/2014
  Inventory as of this Action Requested Previously Approved
06/30/2017 36 Months From Approved 06/30/2014
3,250 0 3,250
813 0 813
0 0 0

This information serves as evidence of an election to apply section 382(1)(6) in lieu of section 382(1)(5) and an election to apply the provisions of the regulations retroactively. It is required by the Internal Revenue Service to assure that the proper amount of carryover attributes are used by a loss corporation following specified types of ownership changes.

US Code: 26 USC 382 Name of Law: Corporate distributions and adjustments
  
None

Not associated with rulemaking

  78 FR 59768 09/27/2013
78 FR 14597 03/14/2014
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 3,250 3,250 0 0 0 0
Annual Time Burden (Hours) 813 813 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Vincent Daly 202 622-7770 [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.
03/24/2014


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