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Federal forms, ICRs, and supporting documents

Information Collection Request

Hedging Transactions by Members of a Consolidated Group -- FI-34-94 (Final)

ICR 199512-1545-003 · OMB 1545-1480 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC IDCollectionTypeStatusForm
18433 Hedging Transactions by Members of a Consolidated Group -- FI-34-94 (Final) Migrated
ICR Details
1545-1480 199512-1545-003
Historical Active
TREAS/IRS
Hedging Transactions by Members of a Consolidated Group -- FI-34-94 (Final)
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 12/21/1995
Retrieve Notice of Action (NOA) 12/18/1995
Approved through September 1997. A request for review of the information collections contained in this regulation was received by OMB on June 14, 1994. The request was withdrawn August 1, 1994 in resonse to a verbal OMB request to IRS to withdraw the request so OMB could reenter it at the timeof publication of the NPRM in the_Federal Register. Due to an OMB error this was not done and inexplicably the date of OMB withdrawal occurred on August 1, 1994, which followed publication of the regulation on July 18, 1994. The OMB approval of the information collections in this regulation will extend through September 1997. This is the expiration date which OMB would have assigned to the collections in the NPRM had they been approved 60 days after publication as required by the Paperwork Reduction Act since the collections essentially remain unchanged from those proposed in the NPRM.
  Inventory as of this Action Requested Previously Approved
09/30/1997 09/30/1997
40,000 0 0
163,500 0 0
0 0 0
The information is required by the IRS to aid it in administering the law and prevent manipulation. The information will be used to verify that a taxpayer is properly reporting its business hedging transactions. The likely recordkeepers are businesses or other for-profit institutions.
None
None
No
1
IC Title Form No. Form Name
Hedging Transactions by Members of a Consolidated Group -- FI-34-94 (Final)
  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 40,000 0 0 40,000 0 0
Annual Time Burden (Hours) 163,500 0 0 163,500 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
  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.
12/18/1995