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Federal forms, ICRs, and supporting documents

Information Collection Request

REG-166012-02 (NPRM) Notional Contracts; Contingent Nonperiodic Payments

ICR 200402-1545-002 · OMB 1545-1876 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC IDCollectionTypeStatusForm
19546 REG-166012-02 (NPRM) Notional Contracts; Contingent Nonperiodic Payments Migrated
ICR Details
1545-1876 200402-1545-002
Historical Active
TREAS/IRS
REG-166012-02 (NPRM) Notional Contracts; Contingent Nonperiodic Payments
New collection (Request for a new OMB Control Number)   No
Regular
Approved without change 03/05/2004
Retrieve Notice of Action (NOA) 02/03/2004
  Inventory as of this Action Requested Previously Approved
03/31/2007 03/31/2007
4,250 0 0
25,500 0 0
0 0 0
The collection of information in the proposed regulations is in Sec. 1.446-3(g)(6)(vii) of the Income Tax Regulations, requiring Taxpayers to maintain in their books and records a description of the method used to determine the projected amount of a contingent payment, the projected payment schedules, and the adjustments taken into account under the proposed regulations. The information is required by the IRS to verify compliance with section 446 of the Internal Revenue Code and the method of accounting described in Sec. 1.446-3(g)(6). This information will be used to determine whether the amount of tax has been
None
None
No
1
IC Title Form No. Form Name
REG-166012-02 (NPRM) Notional Contracts; Contingent Nonperiodic Payments
  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 4,250 0 0 4,250 0 0
Annual Time Burden (Hours) 25,500 0 0 25,500 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.
02/03/2004