REG-208172-91 (TD 8787 -final) Basis Reduction Due to Discharge of Indebtedness

ICR 201512-1545-017

OMB: 1545-1539

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2016-01-05
IC Document Collections
ICR Details
1545-1539 201512-1545-017
Historical Active 201210-1545-014
TREAS/IRS ready
REG-208172-91 (TD 8787 -final) Basis Reduction Due to Discharge of Indebtedness
Extension without change of a currently approved collection   No
Regular
Approved without change 05/11/2016
Retrieve Notice of Action (NOA) 01/29/2016
  Inventory as of this Action Requested Previously Approved
05/31/2019 36 Months From Approved 05/31/2016
10,000 0 10,000
10,000 0 10,000
0 0 0

The IRS will use the information provided by taxpayers owning interests in partnerships and owning section 1221(i) real property to verify compliance with sections 1017(b)(3)(C), 1017(b)(3)(E), 1017(b)(3)(F), and 1017(b)(4)(X).

US Code: 26 USC 1017 Name of Law: Discharge of indebtedness.
  
None

Not associated with rulemaking

  80 FR 69779 11/10/2015
81 FR 5032 01/29/2016
No

1
IC Title Form No. Form Name
REG-208172-91 (TD 8787 -final) Basis Reduction Due to Discharge of Indebtedness

  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 10,000 10,000 0 0 0 0
Annual Time Burden (Hours) 10,000 10,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Christopher Kane 202 622-4930

  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.
01/29/2016


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