TD 8437 - Limitations on Percentage Depletion in the Case of Oil and Gas Wells

ICR 201510-1545-001

OMB: 1545-1251

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2015-10-20
IC Document Collections
ICR Details
1545-1251 201510-1545-001
Historical Active 201208-1545-037
TREAS/IRS
TD 8437 - Limitations on Percentage Depletion in the Case of Oil and Gas Wells
Extension without change of a currently approved collection   No
Regular
Approved without change 02/17/2016
Retrieve Notice of Action (NOA) 11/30/2015
  Inventory as of this Action Requested Previously Approved
02/28/2019 36 Months From Approved 02/29/2016
1,500,000 0 1,500,000
49,950 0 49,950
0 0 0

Section 1.613A-3(e)(6)(i) of the regulations requires each partner to separately keep records of the partner's share of the adjusted basis of partnership oil and gas property.

US Code: 26 USC 613A Name of Law: Limitations on percentage depletion in case of oil and gas wells.
  
None

Not associated with rulemaking

  80 FR 55174 09/14/2015
80 FR 74219 11/27/2015
No

1
IC Title Form No. Form Name
TD 8427- Limitations on Percentage Depletion in the Case of Oil and Gas Wells

  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 1,500,000 1,500,000 0 0 0 0
Annual Time Burden (Hours) 49,950 49,950 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Brenda Stewart 202 317-6853

  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.
11/30/2015


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