Revenue Procedure Granting Automatic Consent to change certain elections relating to the apportionment of interest expense and research and experimental expenditures.

ICR 201308-1545-061 · OMB 1545-2040 · Historical Active

⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1545-2040 can be found here:

2016-12-19 - Extension without change of a currently approved collection

Forms and Documents

Document	Type	Status	Availability
Rev. Proc. 2006-42 Supporting Statement.doc	Supporting Statement A	Uploaded 2013-08-22	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
45798	Revenue Procedure Granting Automatic Consent to change certain elections relating to the apportionment of interest expense and research and experimental expenditures		Modified

ICR Details

OMB Control No: 1545-2040	ICR Reference No: 201308-1545-061
Status: Historical Active	Previous ICR Reference No: 201006-1545-015
Agency/Subagency: TREAS/IRS	Agency Tracking No: mb
Title: Revenue Procedure Granting Automatic Consent to change certain elections relating to the apportionment of interest expense and research and experimental expenditures.
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/02/2013
Retrieve Notice of Action (NOA)	Date Received in OIRA: 09/30/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2016	36 Months From Approved	11/30/2013
Responses	200	0	200
Time Burden (Hours)	100	0	100
Cost Burden (Dollars)	0	0	0

Abstract: This revenue procedure sets forth the administrative procedures for taxpayers to obtain automatic approval to change certain elections relating to the apportionment of interest expense under §§ 1.861â8T(c)(2) and 1.861â9(i)(2) and research and experimental expenditures (R&E) under § 1.861â17(e). A taxpayer complying with this revenue procedure will be deemed to have obtained the approval of the Commissioner of the Internal Revenue Service to change those elections.

Authorizing Statute(s): US Code: 26 USC 199 Name of Law: Itemized Deductions for Individuals and Corporations
US Code: 26 USC 7805 Name of Law: Rules and Regulations

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 19577	04/01/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 59758	09/30/2013
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Revenue Procedure Granting Automatic Consent to change certain elections relating to the apportionment of interest expense and research and experimental expenditures

ICR Summary of Burden

	Total Approved	Previously Approved
Annual Number of Responses	200	200
Annual Time Burden (Hours)	100	100
Annual Cost Burden (Dollars)	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Richard Chewning 202 622-3850

Common Form ICR: No