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Federal forms, ICRs, and supporting documents

Information Collection Request

Product Liability Losses and Accumulations for Product Liability Losses -- LR-218-78 (Final)

ICR 199904-1545-015 · OMB 1545-0863 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC IDCollectionTypeStatusForm
17457 Product Liability Losses and Accumulations for Product Liability Losses -- LR-218-78 (Final) Migrated
ICR Details
1545-0863 199904-1545-015
Historical Active 199604-1545-010
TREAS/IRS
Product Liability Losses and Accumulations for Product Liability Losses -- LR-218-78 (Final)
Extension without change of a currently approved collection   No
Regular
Approved without change 06/24/1999
Retrieve Notice of Action (NOA) 04/27/1999
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
06/30/2002 06/30/2002 06/30/1999
5,000 0 5,000
2,500 0 2,500
0 0 0
Generally, a taxpayer who sustains a product liability loss must carry the loss back 10 years. However, a taxpayer may elect to have such loss treated as a regular net operating loss under section 172. If desired, such election is made by attaching a statement to the tax return. This statement will enable the IRS to monitor compliance with the statutory requirements.
None
None
No
1
IC Title Form No. Form Name
Product Liability Losses and Accumulations for Product Liability Losses -- LR-218-78 (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 5,000 5,000 0 0 0 0
Annual Time Burden (Hours) 2,500 2,500 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.
04/27/1999