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Federal forms, ICRs, and supporting documents

Information Collection Request

Disclosure by Tax-Exempt Entity Regarding Prohibited Tax Shelter Transaction

ICR 200710-1545-015 · OMB 1545-2078 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Form Form 8886-T Disclosure by Tax-Exempt Entity Regarding Prohibited Tax Shelter Transaction Form Modified Repair queued
F8886T_brdn_busi.pdf Supplementary Document Uploaded 2007-10-10 Repair queued
F8886-T_Sup Stmnt.doc Supporting Statement A Uploaded 2007-10-10 Available
IC Document Collections
IC IDCollectionTypeStatusForm
180459 Disclosure by Tax-Exempt Entity Regarding Prohibited Tax Shelter Transaction Form Modified
ICR Details
1545-2078 200710-1545-015
Historical Active 200706-1545-013
TREAS/IRS CB-2078-015
Disclosure by Tax-Exempt Entity Regarding Prohibited Tax Shelter Transaction
Revision of a currently approved collection   No
Regular
Approved without change 02/01/2008
Retrieve Notice of Action (NOA) 12/27/2007
  Inventory as of this Action Requested Previously Approved
02/28/2011 36 Months From Approved 01/31/2008
6,500 0 6,500
70,395 0 55,900
0 0 0
Certain tax-exempt entities are required to file Form 8886-T to disclose information for each prohibited tax shelter transaction to which the entity was a party.
US Code: 26 USC 501 Name of Law: Exemption from tax on corporations, certain trusts, etc.
   US Code: 26 USC 6104 Name of Law: Publicity of information required from certain exempt organizations and certain trusts
   US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return information
   US Code: 26 USC 4965 Name of Law: Excise tax on certain tax-exempt entities entering into prohibited tax shelter transactions
  
None
Not associated with rulemaking
  72 FR 44223 08/07/2007
72 FR 73422 12/27/2007
No
  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 6,500 6,500 0 0 0 0
Annual Time Burden (Hours) 70,395 55,900 0 14,495 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
Form 8886-T Instructions were revised, adding 11 more code references for a total of 33. This change increased the burden hours to 70,395.
$5,000
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Anthony Ferrise 2029279565
  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.
12/27/2007