REG-209709-94 (Final-TD 8865) Amortization of Intangible Property

ICR 202201-1545-014

OMB: 1545-1671

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2022-01-10
IC Document Collections
IC ID
Document
Title
Status
19085
Unchanged
ICR Details
1545-1671 202201-1545-014
Received in OIRA 201806-1545-015
TREAS/IRS
REG-209709-94 (Final-TD 8865) Amortization of Intangible Property
Extension without change of a currently approved collection   No
Regular 02/28/2022
  Requested Previously Approved
36 Months From Approved 02/28/2022
500 500
1,500 1,500
0 0

The collection of information in this previously approved regulation is in § 1.197–2(h)(9). This information is required in order to provide guidance on the time and manner of making the election under section 197(f)(9)(B). Under this election, the seller of a section 197 intangible may pay a tax on the sale in order to avoid the application of the antichurning rules of section 197(f)(9) to the purchaser. This information will be used to confirm the parties to the transaction, calculate any additional tax due, and notify the purchaser of the seller's election. The likely respondents are business or other for-profit institutions.

US Code: 26 USC 197 Name of Law: Amortization of goodwill and certain other intangibles
  
None

Not associated with rulemaking

  86 FR 70888 12/13/2021
87 FR 10896 02/25/2022
No

1
IC Title Form No. Form Name
TD 8865 - Amortization of Intangible Property

  Total Request 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 500 500 0 0 0 0
Annual Time Burden (Hours) 1,500 1,500 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    Yes
    No
No
Yes
No
No
Charles Magee 202 622-3110

  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.
02/28/2022


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