Burden changes (double-counting) reclassified as owing to change in agency estimate.
Inventory as of this Action
Requested
Previously Approved
12/31/2014
36 Months From Approved
11/30/2011
1
0
300
1
0
4,554
0
0
0
This revenue procedure provides guidance under § 7701 of the Internal Revenue Code for an eligible entity that requests relief for a late classification election filed with the applicable IRS service center within 3 years and 75 days of the requested effective date of the eligible entity's classification election. The revenue procedure also provides guidance for those eligible entities that do not qualify for relief under this revenue procedure and that are required to request a letter ruling in order to request relief for a late entity classification. This revenue procedure supersedes Rev. Proc. 2002Â59 by extending late entity classification relief to both initial classification elections and changes in classification elections along with extending the time for filing late entity classification elections to within 3 years and 75 days of the requested effective date of the eligible entity's classification election.
The collection of information in these regulations is in Sections 4.02 and 4.04 of this revenue procedure. The information will help the IRS to determine if an eligible entity meets the requirements of Section 4.01 of this revenue procedure. The collection of information is required to obtain permission to file a late entity classification election. The information will be reported on Form 8832 (OMB Control Number 1545-1516), or submitted as part of a of a letter ruling request.
The reduction of 4,553 is due to an adjustment in our estimate to eliminate duplicate counting of burden. This revenue procedure prescribed the use Form 8823, which is currently cleared under OMB #1545-1516. The IRS wishes to retain this clearance in the event that there are any future collections of information from this revenue procedure which may be required outside of those required of the form.
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.
Revenue Procedure 2009-41.pdf
Sup. Stmnt. Rev Proc. 2009-41.doc
Revenue Procedure 2009-41, Extension of Time to File Entity Classification Elections