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Federal forms, ICRs, and supporting documents

Information Collection Request

T.D. 8976 Dollar-Value LIFO Regulations; Inventory Price Index Computation Method

ICR 201110-1545-039 · OMB 1545-1767 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
SuppStmnt T.D. 8976.doc Supporting Statement A Uploaded 2011-10-13 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
19323 T.D. 8976, Dollar-Value LIFO Regulations; Inventory Price Index Computation Method Modified
ICR Details
1545-1767 201110-1545-039
Historical Active 200807-1545-022
TREAS/IRS jg-1767-039
T.D. 8976 Dollar-Value LIFO Regulations; Inventory Price Index Computation Method
Extension without change of a currently approved collection   No
Regular
Approved without change 12/12/2011
Retrieve Notice of Action (NOA) 10/31/2011
  Inventory as of this Action Requested Previously Approved
12/31/2014 36 Months From Approved 12/31/2011
1 0 1
1 0 1
0 0 0
This document contains final regulations under section 472 of the Internal Revenue Code that relate to accounting for inventories under the last-in, first-out (LIFO) method. The final regulations provide guidance regarding methods of valuing dollar-value LIFO pools and affect persons who elect to use the dollar-value LIFO and inventory price index computation (IPIC) methods or who receive dollar-value LIFO inventories in certain nonrecognition transactions.
US Code: 26 USC 472 Name of Law: Last-in, first-out inventories
  
None
Not associated with rulemaking
  76 FR 31064 05/27/2011
76 FR 66355 10/26/2011
No
1
IC Title Form No. Form Name
T.D. 8976, Dollar-Value LIFO Regulations; Inventory Price Index Computation Method
  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 1 1 0 0 0 0
Annual Time Burden (Hours) 1 1 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
No
No
No
No
Uncollected
Leo Nolan 202 622-4970 [email protected]
  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.
10/31/2011