OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

REG-209831-96 (TD 8823) Consolidated Returns--Limitation on the Use of Certain Losses and Deductions

ICR 201503-1545-012 · OMB 1545-1237 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Supporting Statement.doc Supporting Statement A Uploaded 2015-03-31 Available
IC Document Collections
IC IDCollectionTypeStatusForm
18001 REG-209831-96 (TD 8823 - final) Consolidated Returns--Limitation on the Use of Certain Losses and Deductions Modified
ICR Details
1545-1237 201503-1545-012
Historical Active 201201-1545-010
TREAS/IRS
REG-209831-96 (TD 8823) Consolidated Returns--Limitation on the Use of Certain Losses and Deductions
Extension without change of a currently approved collection   No
Regular
Approved without change 10/05/2015
Retrieve Notice of Action (NOA) 04/30/2015
  Inventory as of this Action Requested Previously Approved
10/31/2018 36 Months From Approved 10/31/2015
8,000 0 8,000
2,000 0 2,000
0 0 0
TD 8823 contains final regulations regarding certain deductions and losses, including built-in deductions and losses, of members who join a consolidated group. The regulations provide rules for computing the limitation with respect to separate return limitation year (SRLY) losses, and the carryover or carryback of losses to consolidated and separate return years. The regulations also eliminate the application of the SRLY rules in certain circumstances in which the rules of section 382 of the Internal Revenue Code also apply. The collection of information in this regulation is in §1.1502–21(b)(3). This information is required to ensure that an election to relinquish a carryback period is properly documented, and will be used for that purpose. The collection of information is required to obtain a benefit (relating to the carryover of losses which would otherwise be carried back). The likely respondents are consolidated groups. Section 1502 provides for the promulgation of regulations with respect to corporations that file consolidated income tax returns. These regulations amend the current regulations regarding the use of certain losses and deductions by such corporations.
US Code: 26 USC 1502 Name of Law: Regulations
  
None
Not associated with rulemaking
  80 FR 4963 01/29/2015
80 FR 24317 04/30/2015
No
1
IC Title Form No. Form Name
REG-209831-96 (TD 8823 - final) Consolidated Returns--Limitation on the Use of Certain Losses and Deductions
  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 8,000 8,000 0 0 0 0
Annual Time Burden (Hours) 2,000 2,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
No
No
No
No
Uncollected
Marie Milnes-Vasquez 202 317-5327
  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.
04/30/2015