APPROVED WITH THE CONDITION THAT THE REVISIONS NOT BECOME EFFECTIVE UNTIL ENACTMENT OF THE TAX REFORM ACT OF 1986. IN ADDITION, YOUR REQUESTS FOR CONTINUED USE OF PRIOR VERSIONS OF THE FORM AND TO OMIT PRINTING THE EXPIRATION DATE ON THE FORMS ARE GRANTED.
Inventory as of this Action
Requested
Previously Approved
10/31/1989
10/31/1989
09/30/1987
132,935,200
0
126,256,488
6,614,179
0
5,911,330
0
0
0
FORM 1099-B IS USED BY BROKERS, BARTER EXCHANGES, AND GENERALLY THE PERSON RESPONSIBLE FOR CLOSING A REAL ESTATE TRANSACTION TO REPORT PROCEEDS FROM TRANSACTIONS TO THE INTERNAL REVENUE SERVICE.
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.
STATEMENT FOR RECIPIENTS OF BROKER AND BARTER EXCHANGE TRANSACTIONS