In its next submission, IRS will include more specific information in the supporting statement about which information is required for the statements from shareholders, trustees, or officers to be included with their completed Election Form.
Inventory as of this Action
Requested
Previously Approved
10/31/2015
36 Months From Approved
10/31/2014
50,000
0
50,000
50,000
0
50,000
0
0
0
The information will help the IRS determine whether a taxpayer has met the requirements of the Rev Proc and whether a taxpayer has reasonable cause for failing to make a timely election. The collection is required to make a late election pursuant to this Rev Proc. This information will be used to determine whether the eligibility requirements for obtaining relief have been met. Modifies and supersedes and makes obsolete Rev. Procs. 2003-43, 2004-48, and 2007-62.
US Code:
26 USC 1361
Name of Law: S corporations defined
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.
Rev.Proc. 2013-30.pdf
2014-Supporting Statement (corrections).doc
Revenue Procedure 2013-30 Uniform Late S Corp