T.D. 9315 (Final) Dual Consolidated Loss Regulations

ICR 201801-1545-005

OMB: 1545-1946

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2018-01-30
IC Document Collections
IC ID
Document
Title
Status
41195
Modified
ICR Details
1545-1946 201801-1545-005
Active 201410-1545-022
TREAS/IRS
T.D. 9315 (Final) Dual Consolidated Loss Regulations
Extension without change of a currently approved collection   No
Regular
Approved without change 04/26/2018
Retrieve Notice of Action (NOA) 02/14/2018
  Inventory as of this Action Requested Previously Approved
04/30/2021 36 Months From Approved 04/30/2018
13,540 0 13,540
2,765 0 2,765
0 0 0

This document contains previously approved final regulations under section 1503(d) of the Internal Revenue Code (Code) regarding dual consolidated losses. Section 1503(d) generally provides that a dual consolidated loss of a dual resident corporation cannot reduce the taxable income of any other member of the affiliated group unless, to the extent provided in regulations, the loss does not offset the income of any foreign corporation. Similar rules apply to losses of separate units of domestic corporations. These final regulations address various dual consolidated loss issues, including exceptions to the general prohibition against using a dual consolidated loss to reduce the taxable income of any other member of the affiliated group.

US Code: 26 USC 1503 Name of Law: Computation and payment of tax
   US Code: 26 USC 7805 Name of Law: Rules and Regulations
  
None

Not associated with rulemaking

  82 FR 45951 10/02/2017
83 FR 6732 02/14/2018
No

1
IC Title Form No. Form Name
T.D. 9315 (Final) Dual Consolidated Loss Regulations

  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 13,540 13,540 0 0 0 0
Annual Time Burden (Hours) 2,765 2,765 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
Uncollected
Jeffrey Cowan 202 622-3860

  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.
02/14/2018


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