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Federal forms, ICRs, and supporting documents

Information Collection Request

Purchase Price Allocations in Deemed Actual Asset Acquisitions REG-107069-97 (NPRM and Temporary)

ICR 200001-1545-026 · OMB 1545-1658 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC IDCollectionTypeStatusForm
41019 Purchase Price Allocations in Deemed Actual Asset Acquisitions REG-107069-97 (NPRM and Temporary) Migrated
ICR Details
1545-1658 200001-1545-026
Historical Active 199907-1545-023
TREAS/IRS
Purchase Price Allocations in Deemed Actual Asset Acquisitions REG-107069-97 (NPRM and Temporary)
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 01/04/2000
Retrieve Notice of Action (NOA) 01/04/2000
  Inventory as of this Action Requested Previously Approved
09/30/2002 09/30/2002 09/30/2002
45 0 45
25 0 25
0 0 0
Section 338 of the Internal Revenue Code provides rules under which a qualifying stock acquisition is treated as an asset acquisition (as "deemed asset acquisition") when an appropriate election is made. Section 1060 provides rules for the allocation of consideration when a trade or business is transferred. The collection of information is necessary to make the election, to calculate and collect the appropriate amount of tax liability when a qualiifying stock acquisition is made, to determine the person liable for such tax, and to determine the bases of assets acquired in the deemed asset acquisition.
None
None
No
1
IC Title Form No. Form Name
Purchase Price Allocations in Deemed Actual Asset Acquisitions REG-107069-97 (NPRM and Temporary)
  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 45 45 0 0 0 0
Annual Time Burden (Hours) 25 25 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.
01/04/2000