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Federal forms, ICRs, and supporting documents

Information Collection Request

PS-264-82 (Final) Adjustments to Basis of Stock and Indebtedness to Shareholders of S Corporations and Treatment of Distributions by S Corporations to Shareholders; REG-144859-04 - Section 1367 Regard

ICR 201110-1545-009 · OMB 1545-1139 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
PS-264-82[1].SUP.doc Supporting Statement A Uploaded 2011-10-04 Available
IC Document Collections
IC IDCollectionTypeStatusForm
184522 REG-144859-04 - Section 1367 Regarding Open Account Debt Unchanged
17867 PS-264-82 (Final) Adjustments to Basis of Stock and Indebtedness to Shareholders of S Corporations and Treatment of Distributions by S Corporations to Shareholders.(TD 8508) Unchanged
ICR Details
1545-1139 201110-1545-009
Historical Active 200804-1545-014
TREAS/IRS ah-1139-009
PS-264-82 (Final) Adjustments to Basis of Stock and Indebtedness to Shareholders of S Corporations and Treatment of Distributions by S Corporations to Shareholders; REG-144859-04 - Section 1367 Regard
Extension without change of a currently approved collection   No
Regular
Approved without change 12/19/2011
Retrieve Notice of Action (NOA) 10/27/2011
  Inventory as of this Action Requested Previously Approved
12/31/2014 36 Months From Approved 12/31/2011
2,250 0 2,250
450 0 450
0 0 0
The regulations provide the procedures and the statements to be filed by S corporations for making the election provided under section 1368, and by shareholders who choose to reorder items that decrease their basis. Statements required to be filled will be used to verify that taxpayers are complying with the requirements imposed by Congress.
US Code: 26 USC 1367(b)(2) Name of Law: Adjustments to basis of stock of shareholders, etc.
   US Code: 26 USC 7805 Name of Law: Rules and regulations
  
None
Not associated with rulemaking
  76 FR 30428 05/25/2011
76 FR 66355 10/26/2011
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 2,250 2,250 0 0 0 0
Annual Time Burden (Hours) 450 450 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
No
No
No
No
Uncollected
Stacy Short 202 622-3070
  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.
10/27/2011