OMB.report

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 200702-1545-020 · OMB 1545-2030 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Supporting statement.doc Supporting Statement A Uploaded 0000-00-00 Available
IC Document Collections
IC IDCollectionTypeStatusForm
43920 REG-120509-06 INPRM), 1.882-5: Adjusted U.S. Booked Liability Method -30-Day Published LIBOR Election Modified
ICR Details
1545-2030 200702-1545-020
Historical Active 200607-1545-009
TREAS/IRS ah-2030-020
REG-120509-06 (Temp. and NPRM), 1.882-5: Adjusted U.S. Booked Liability Method -30-Day Published LIBOR Election
Extension without change of a currently approved collection   No
Regular
Approved without change 05/18/2007
Retrieve Notice of Action (NOA) 02/26/2007
  Inventory as of this Action Requested Previously Approved
05/31/2010 36 Months From Approved 05/31/2007
75 0 75
35 0 38
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 connected income.
US Code: 26 USC 6103 Name of Law: null
   US Code: 5 USC 553 Name of Law: null
   US Code: 26 USC 7805 Name of Law: null
  
None
Not associated with rulemaking
  71 FR 68899 11/28/2006
72 FR 8423 02/26/2007
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 75 0 0 0 0
Annual Time Burden (Hours) 35 38 0 -3 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
Change decrease due to a previous input error.
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Paul Epstein 202 622-3870
  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.
02/26/2007