TD 9157 (Final) Guidance Regarding the Treatment of Certain Contingent Payment Debt Instruments w/ one or more Payments that are Denominated in, or Determined by Reference to, a Nonfunctional Currency

ICR 201503-1545-014

OMB: 1545-1831

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2015-06-16
ICR Details
1545-1831 201503-1545-014
Historical Active 201203-1545-003
TREAS/IRS Ready/IRS
TD 9157 (Final) Guidance Regarding the Treatment of Certain Contingent Payment Debt Instruments w/ one or more Payments that are Denominated in, or Determined by Reference to, a Nonfunctional Currency
Extension without change of a currently approved collection   No
Regular
Approved without change 10/24/2015
Retrieve Notice of Action (NOA) 06/30/2015
  Inventory as of this Action Requested Previously Approved
10/31/2018 36 Months From Approved 10/31/2015
250 0 250
100 0 100
0 0 0

The IRS needs the information from the holder of certain debt instruments in order to alert the agency that the computation of interest income/expense by the holder and issuer will not be consistent. The respondents will be holders of contingent payment debt instruments which require payments to be made in or by reference to foreign currency. The respondents will probably be investment banks, however, may also include others who hold these debt instruments for investments.

US Code: 26 USC 1275 Name of Law: Other definitions and special rules
  
None

Not associated with rulemaking

  80 FR 13952 03/17/2015
80 FR 37051 06/29/2015
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 250 250 0 0 0 0
Annual Time Burden (Hours) 100 100 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
William Blanchard 202 317-3900

  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.
06/30/2015


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