FI-46-89 (Final) Treatment of Acquisition of Certain Financial Institutions: Certain Tax Consequences of Federal Financial Assistance to Financial Institutions.
ICR 200703-1545-020 · OMB 1545-1300 · Historical Active
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1545-1300 can be found here:
FI-46-89 (Final) Treatment of Acquisition of Certain Financial Institutions: Certain Tax Consequences of Federal Financial Assistance to Financial Institutions.
Extension without change of a currently approved collection
Recipients of Federal financial assistance (FFA) must maintain an account of FFA that is deferred from inclusion in gross income and subsequently recaptured. This information is used to determine the recipient's tax liability. Also, tax not subject to collection must be reported and information must be provided if certain elections are made.
US Code:
26 USC 6103
Name of Law: Confidentiality and Disclosure of Returns and Return Information
US Code:
26 USC 597
Name of Law: Treatment of Transactions in which Federal Financial Assistance Provided
US Code:
26 USC 7805
Name of Law: Rules and Regulations
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.
Final Fed Reg_122195.pdf
Sup Stmnt_FI-46-89.doc
FI-46-89 (Final) Treatment of Acquisition of Certain Financial Institutions: Certain Tax Consequences of Federal Financial Assistance to Financial Institutions.