Carryback of Consolidated Net Operating Losses to Separate Return Years (TD 9490 - Final)

ICR 201607-1545-012

OMB: 1545-2171

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2016-07-19
IC Document Collections
ICR Details
1545-2171 201607-1545-012
Historical Active 201302-1545-026
TREAS/IRS
Carryback of Consolidated Net Operating Losses to Separate Return Years (TD 9490 - Final)
Extension without change of a currently approved collection   No
Regular
Approved without change 12/02/2016
Retrieve Notice of Action (NOA) 07/29/2016
  Inventory as of this Action Requested Previously Approved
12/31/2019 36 Months From Approved 12/31/2016
4,000 0 4,000
1,000 0 1,000
0 0 0

This project amends §1.1502-21 to implement the revisions to Code section 172(b)(1)(H), which extend the carryback period for NOLs to five years, enacted by the Worker, Homeownership, and Business Assistance Act of 2009 ("WHBAA") that the President signed on Nov. 6, 2009 (Pub. L. 111-92).

US Code: 26 USC Section 1.1502-21T(b)(3) Name of Law: Net Operating Losses (Temporary)
   US Code: 26 USC section 172(b) (1)(H) Name of Law: Net Operating Loss Deduction
   PL: Pub.L. 111 - 92 13 Name of Law: Worker, Homeownership, and Business Assistance Act of 2009
  
None

Not associated with rulemaking

  81 FR 27191 05/05/2016
81 FR 49716 07/28/2016
No

1
IC Title Form No. Form Name
Carryback of Consolidated Net Operating Losses to Separate Return Years

  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 4,000 4,000 0 0 0 0
Annual Time Burden (Hours) 1,000 1,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Grid Glyer 202 622-7930

  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.
07/29/2016


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