OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Notice 97-66, Certain Payments Made Pursuant to a Securities Lending Transaction; Notice 2010-46, Prevention of Over-Withholding of U.S. Tax Avoidance With Respect to Certain Subst

ICR 201307-1545-008 · OMB 1545-1566 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Notice 97-66.pdf Supplementary Document Uploaded 2013-07-17 Repair queued
SS_1545-1566_JUL2013.docx Supporting Statement A Uploaded 2013-07-30 Available
IC Document Collections
IC IDCollectionTypeStatusForm
192776 Notice 2010-46, Prevention of Over-Withholding and U.S. Tax Avoidance With Respect to Certain Substitute Dividend Payments Modified
18753 Notice 97-66, Certain Payments Made Pursuant to a Securities Lending Transaction Modified
ICR Details
1545-1566 201307-1545-008
Historical Active 201004-1545-030
TREAS/IRS mb
Notice 97-66, Certain Payments Made Pursuant to a Securities Lending Transaction; Notice 2010-46, Prevention of Over-Withholding of U.S. Tax Avoidance With Respect to Certain Subst
Extension without change of a currently approved collection   No
Regular
Approved without change 09/11/2013
Retrieve Notice of Action (NOA) 07/30/2013
  Inventory as of this Action Requested Previously Approved
09/30/2016 36 Months From Approved 09/30/2013
383,500 0 383,500
62,750 0 62,750
0 0 0
Notice 97-66 modifies final regulations which are effective November 14, 1997. The Notice relaxes the statement requirement with respect to substitute interest payments relating to securities loans and repurchased transactions. It also provides a withholding mechanism to eliminate excessive withholding on multiple payments in a chain of substitute dividend payments. Notice 2010-46 modifies Notice 97-66, by providing necessary information to ensure taxpayers are not subject to excessive tax pursuant to IRC section 871(l). The information will allow a withholding agent to make a substitute dividend payment to certain counterparties in a series of securities lending transactions without withholding and depositing additional excessive tax.
US Code: 26 USC 871 Name of Law: Tax on nonresident alien individuals
   PL: Pub.L. 111 - 147 541 Name of Law: Hiring Incentives to Restore Employment Act
  
None
Not associated with rulemaking
  78 FR 8224 02/05/2013
78 FR 45012 07/25/2013
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 383,500 383,500 0 0 0 0
Annual Time Burden (Hours) 62,750 62,750 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
No
No
No
No
Uncollected
D. Merkel 202 622-3870 [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.
07/30/2013