TD 8517: Debt Instruments With Original Discount; Imputed Interest on Deferred Payment Sales or Exchanges of Property; TD 9599: Property Traded on an Established Market

ICR 201512-1545-001

OMB: 1545-1353

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2015-12-02
ICR Details
1545-1353 201512-1545-001
Historical Active 201206-1545-025
TREAS/IRS
TD 8517: Debt Instruments With Original Discount; Imputed Interest on Deferred Payment Sales or Exchanges of Property; TD 9599: Property Traded on an Established Market
Extension without change of a currently approved collection   No
Regular
Approved without change 03/07/2016
Retrieve Notice of Action (NOA) 12/31/2015
  Inventory as of this Action Requested Previously Approved
03/31/2019 36 Months From Approved 03/31/2016
645,000 0 645,000
195,500 0 195,500
0 0 0

This document contains regulations relating to the tax treatment of debt instruments with original issue discount and the imputation of interest on deferred payments under certain contracts for the sale or exchange of property and determining when property is traded on an established market for purposes of determining the issue price of a debt instrument. The regulations provide needed guidance to holders and issuers of debt instruments.

US Code: 26 USC 163 Name of Law: Income Taxes: Interest
   US Code: 26 USC 1275 Name of Law: Income Taxes: Other Definitions and Special Rules
  
None

Not associated with rulemaking

  80 FR 62170 10/15/2015
80 FR 81880 12/31/2015
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 645,000 645,000 0 0 0 0
Annual Time Burden (Hours) 195,500 195,500 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 202 622-3950

  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.
12/31/2015


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