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Federal forms, ICRs, and supporting documents

Information Collection Request

Consent to Extend the Time to Assess Tax Under Section 367-Gain Recognition Agreement

ICR 200503-1545-015 · OMB 1545-1395 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC IDCollectionTypeStatusForm
18242 Consent to Extend the Time to Assess Tax Under Section 367-Gain Recognition Agreement Form Migrated
ICR Details
1545-1395 200503-1545-015
Historical Active 200203-1545-010
TREAS/IRS
Consent to Extend the Time to Assess Tax Under Section 367-Gain Recognition Agreement
Extension without change of a currently approved collection   No
Regular
Approved without change 04/20/2005
Retrieve Notice of Action (NOA) 03/21/2005
  Inventory as of this Action Requested Previously Approved
04/30/2008 04/30/2008 05/31/2005
1,000 0 1,000
8,230 0 10,220
0 0 0
Form 8838 is used to extend the statute of limitations for U.S. persons who transfer stock or securities to a foreign corporation. The form is filed when the transferor makes a gain recognition agreement. This agreement allows the transferor to defer the payment of tax on the transfer. The IRS uses Form 8838 so that it may assess tax against the transferor after the expiration of the original statute of limitations.
None
None
No
1
IC Title Form No. Form Name
Consent to Extend the Time to Assess Tax Under Section 367-Gain Recognition Agreement 8838
  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 1,000 1,000 0 0 0 0
Annual Time Burden (Hours) 8,230 10,220 0 -1,990 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
$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.
03/21/2005