Revenue Procedure 2016 - 1, Rulings and determination letters - 26 CFR 601-.201

Forms and Documents

Document Name	Status
1545-1522 Supporting Statement final.3doc.doc Supporting Statement A	2015-12-17

IC Document Collections

IC ID	Document Title	Status
40857	Revenue Procedure 2009-25 Rulings and Determination Letters (Amplifies RP 2009-1 & 2009-3) 26 CFR 601-.201	Removed
193037	RP 2016-1 - Rulings and determination letters	Modified
193036	PGP-123721-09 Guidance on Making Late Elections to Adjust Basis in Partnership Property	Removed

ICR Details

OMB Control No: 1545-1522	ICR Reference No: 201512-1545-024
Status: Historical Active	Previous ICR Reference No: 201209-1545-005
Agency/Subagency: TREAS/IRS	Agency Tracking No: Ready
Title: Revenue Procedure 2016 - 1, Rulings and determination letters - 26 CFR 601-.201
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/09/2016
	Date Received in OIRA: 01/29/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2019	36 Months From Approved	08/31/2016
Responses	3,956	0	3,825
Time Burden (Hours)	316,020	0	305,540
Cost Burden (Dollars)	0	0	0

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Abstract: Revenue Procedure 2016-1 explains how the Service provides advice to taxpayers on issues under the jurisdiction of the Associate Chief Counsel (Corporate), the Associate Chief Counsel (Financial Institutions and Products), the Associate Chief Counsel (Income Tax and Accounting), the Associate Chief Counsel (International), the Associate Chief Counsel (Passthroughs and Special Industries), the Associate Chief Counsel (Procedure and Administration), and the Associate Chief Counsel (Tax Exempt and Government Entities). It explains the forms of advice and the manner in which advice is requested by taxpayers and provided by the Service. This information is required to evaluate and process the request for a letter ruling or determination letter.

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Authorizing Statute(s): US Code: 26 USC 7805 Name of Law: Rules and Regulations
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	80 FR 72486	11/19/2015
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 5032	01/29/2016
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
PGP-123721-09 Guidance on Making Late Elections to Adjust Basis in Partnership Property
RP 2016-1 - Rulings and determination letters
Revenue Procedure 2009-25 Rulings and Determination Letters (Amplifies RP 2009-1 & 2009-3) 26 CFR 601-.201

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ICR Summary of Burden

	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	3,956	3,825	0	156	-25	0
Annual Time Burden (Hours)	316,020	305,540	0	10,880	-400	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The agency removed the burden associated with PGP-123721-09 Guidance on Making Late Elections to Adjust Basis in Partnership Property (25 responses and 400 hours). The burden is already being accounted for under Revenue Procedure 2016-1 and would result in duplicate reporting of burden. The information collection for Revenue Procedure 2009-25 Rulings and Determination Letters was also removed as burden hours are being reported under 1545-0123. The burden increase is due to the estimated number of respondents and/or recordkeepers changing from 3,825 to 3,956. The estimate has been updated to reflect the most recent data on the number of responses received. The estimated average recordkeeping/reporting burden per respondent remains the same (80 hours). The overall hourly change in burden is 10,880 hours (305,540 hours to 316,020 hours).

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 01/29/2016

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