Collection was modified to attribute burden to third-party disclosures.
Inventory as of this Action
Requested
Previously Approved
08/31/2013
36 Months From Approved
500
0
0
217
0
0
0
0
0
The regulations provide guidance for material advisors who are required to disclose reportable transactions under IRC 6111 as modified by the American Jobs Creation Act of 2004.
US Code:
26 USC 7805
Name of Law: Rules and regulations
US Code:
26 USC 6011
Name of Law: General requirement of return, statement, or list
These regulations are an update to the taxpayer disclosure regulations for reportable transactions under section 1.6011-4. The three NPRMs have been combined into one NPRM under RIN Number: 1545-BE24, a final regulation as been published.
$0
No
No
No
Uncollected
No
Uncollected
Tara Volungis 202 622-3080
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.
OMB supporting statement 6111 2006 06-07 psi[1].doc
REG-103038-05 (NPRM), REG-103039-05 (NPRM), and REG-103043-05 (NPRM), Section 6111 Regulations (TD 9350 - final)