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Federal forms, ICRs, and supporting documents

Information Collection Request

REG-120509-06 (Temp. and NPRM), 1.882-5: Adjusted U.S. Booked Liability Method -30-Day Published LIBOR Election

ICR 200607-1545-009 · OMB 1545-2030 · Historical Active

Forms and Documents
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No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC IDCollectionTypeStatusForm
43920 REG-120509-06 INPRM), 1.882-5: Adjusted U.S. Booked Liability Method -30-Day Published LIBOR Election Migrated
ICR Details
1545-2030 200607-1545-009
Historical Active
TREAS/IRS
REG-120509-06 (Temp. and NPRM), 1.882-5: Adjusted U.S. Booked Liability Method -30-Day Published LIBOR Election
New collection (Request for a new OMB Control Number)   No
Regular
Approved with change 08/02/2006
Retrieve Notice of Action (NOA) 07/05/2006
OMB is granting emergency, six-month approval of the information collections contained in the temporary rule and associated NPRM.
  Inventory as of this Action Requested Previously Approved
01/31/2007 36 Months From Approved
75 0 0
38 0 0
0 0 0
The collection of information is needed to simplify administra- tion for examiners of a binding annual election provided by the Regulations. The information will be used by taxpayers to determine the amount of excess interest expense allocable to effectively connected income under an elective allocation method in 1.882.5. The respondents are only regulated foreign banking corporations that elect to use the adjusted U.S. booked liability method for allocating interest expense to effectively conneted income.
None
None
No
1
IC Title Form No. Form Name
REG-120509-06 INPRM), 1.882-5: Adjusted U.S. Booked Liability Method -30-Day Published LIBOR Election
  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 75 0 0 75 0 0
Annual Time Burden (Hours) 38 0 0 38 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.
07/05/2006