Revenue Procedure 2000-37 - Reverse Like-kind Exchanges (as modified by Rev Proc. 2004-51)

ICR 201906-1545-016

OMB: 1545-1701

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2019-07-25
IC Document Collections
ICR Details
1545-1701 201906-1545-016
Active 201606-1545-007
TREAS/IRS
Revenue Procedure 2000-37 - Reverse Like-kind Exchanges (as modified by Rev Proc. 2004-51)
Extension without change of a currently approved collection   No
Regular
Approved without change 12/03/2019
Retrieve Notice of Action (NOA) 08/29/2019
  Inventory as of this Action Requested Previously Approved
12/31/2022 36 Months From Approved 12/31/2019
1,600 0 1,600
3,200 0 3,200
0 0 0

The revenue procedure provides a safe harbor for reverse like-kind exchanges under which a transaction using a "qualified exchange accommodation arrangement" will qualify for non-recognition treatment under Sec. 1031 of the Internal Revenue Code.

US Code: 26 USC 1031(a)(3) Name of Law: Exchange of property held for productive use or investment
  
None

Not associated with rulemaking

  84 FR 26935 06/10/2019
84 FR 45212 08/28/2019
No

1
IC Title Form No. Form Name
Revenue Procedure 2000-37 - Reverse Like-kind Exchanges (as modified by Rev Proc. 2004-51)

  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 1,600 1,600 0 0 0 0
Annual Time Burden (Hours) 3,200 3,200 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
Uncollected
Peter Baumgarten 202 317-4717

  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.
08/29/2019


© 2024 OMB.report | Privacy Policy