Revenue Procedure 2007-35 - Statistical Sampling for Purposes of Section 199

ICR 201705-1545-041

OMB: 1545-2072

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2017-06-13
Supplementary Document
2017-05-25
IC Document Collections
ICR Details
1545-2072 201705-1545-041
Historical Active 201401-1545-025
TREAS/IRS
Revenue Procedure 2007-35 - Statistical Sampling for Purposes of Section 199
Extension without change of a currently approved collection   No
Regular
Approved without change 12/01/2017
Retrieve Notice of Action (NOA) 07/17/2017
  Inventory as of this Action Requested Previously Approved
12/31/2020 36 Months From Approved 11/30/2017
300 0 300
2,400 0 2,400
0 0 0

The revenue procedure provides for determining when statistical sampling may be used for purposes of Internal Revenue Code section 199, which provides a deduction for income attributable to domestic production activities, and establishes acceptable statistical sampling methodologies. The collection of information in the revenue procedure involves a recordkeeping requirement for taxpayers that use statistical sampling under section 199.

US Code: 18 USC 2257 Name of Law: Record keeping requirements
   PL: Pub.L. 108 - 357 102 Name of Law: American Jobs Creation Act of 2004
   US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return
   PL: Pub.L. 109 - 222 514 Name of Law: Tax Increase Prevention and Reconciliation Act of 2005
   PL: Pub.L. 109 - 432 401 Name of Law: An act to amend the Internal Revenue Code of 1986 to extend expiring provisions, and for other purpo
   US Code: 26 USC 199 Name of Law: Income attributable to domestic production activities.
  
None

Not associated with rulemaking

  82 FR 17522 04/11/2017
82 FR 32602 07/14/2017
No

1
IC Title Form No. Form Name
RP 2007-35 - Statistical Sampling for purposes of Section 199

  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 300 300 0 0 0 0
Annual Time Burden (Hours) 2,400 2,400 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
Uncollected
Blaise Dusenberry 202 622-4910

  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.
07/17/2017


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