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Federal forms, ICRs, and supporting documents

Information Collection Request

Interest Computation under the Look-Back Method for Property Depreciated under the Income Forecast Method

ICR 199902-1545-002 · OMB 1545-1622 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC IDCollectionTypeStatusForm
18939 Interest Computation under the Look-Back Method for Property Depreciated under the Income Forecast Method Form Migrated
ICR Details
1545-1622 199902-1545-002
Historical Active 199901-1545-017
TREAS/IRS
Interest Computation under the Look-Back Method for Property Depreciated under the Income Forecast Method
Extension without change of a currently approved collection   No
Regular
Approved without change 04/07/1999
Retrieve Notice of Action (NOA) 02/12/1999
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
10/31/2001 10/31/2001 04/30/1999
5,000 0 5,000
59,800 0 59,800
0 0 0
Taxpayers depreciating property under the income forecast method and placed in service after September 13, 1995, must use form 8866 to complete and report interest due or to be refunded under IRC 167(g)(2). The IRS uses form 8866 to determine if the interest has been figured correctly.
None
None
No
1
IC Title Form No. Form Name
Interest Computation under the Look-Back Method for Property Depreciated under the Income Forecast Method 8866
  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 5,000 5,000 0 0 0 0
Annual Time Burden (Hours) 59,800 59,800 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
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.
02/12/1999