The revenue procedure provides for determining when statistical sampling may be used for purposes of section 199, which provides a deduction for income attributable to domestic production activities, and establishes acceptable statistical sampling methodologies. The collection of information in the revenue procedure involves a recordkeeping requirement for taxpayers that use statistical sampling under section 199.
US Code:
18 USC 2257
Name of Law: Record keeping requirements
PL:
Pub.L. 108 - 357 102
Name of Law: American Jobs Creation Act of 2004
US Code:
26 USC 6103
Name of Law: Confidentiality and disclosure of returns and return
PL:
Pub.L. 109 - 222 514
Name of Law: Tax Increase Prevention and Reconciliation Act of 2005
PL:
Pub.L. 109 - 432 401
Name of Law: An act to amend the Internal Revenue Code of 1986 to extend expiring provisions, and for other purpo
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.