The information requested in sections 1.475(g)-2(b), 1.482-8(b) (3),(c)(3),(e)(5),(e)(6),(d)(3), and 1.863-3(h) is necessary for Service to determine whether the taxpayer has entered into controlled transactions at an arm's length price.
US Code:
26 USC 475
Name of Law: Normal Taxes & Surtaxes
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.