OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Rev. Proc. 98-46 (modifies Rev. Proc.97-43)--Procedures for Electing Out of Exemptions Under Section 1.475(c)-1; and Rev. Rul. 97-39, Mark-to-Market Accounting Method for Dealers in Securities

ICR 201606-1545-016 · OMB 1545-1558 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Rev Proc 98-46 (Modifies Rev Proc 97-44).rtf Supplementary Document Uploaded 2016-06-20 Repair queued
Rev Ruling 97-39.pdf Supplementary Document Uploaded 2013-02-12 Available
Rev Proc 97-43.pdf Supplementary Document Uploaded 2013-02-12 Repair queued
Supporting Statement (1545-1558).doc Supporting Statement A Uploaded 2016-06-20 Available
IC Document Collections
IC IDCollectionTypeStatusForm
18724 Rev. Proc.98-46 (modifies Rev. Proc.97-43)--Procedures for Electing Out of Exemptions Under Section 1.475(c)-1; and Revenue Ruling 97-39, Mark-to-Market Accounting Method for Dealers in Securities Modified
ICR Details
1545-1558 201606-1545-016
Historical Active 201302-1545-013
TREAS/IRS
Rev. Proc. 98-46 (modifies Rev. Proc.97-43)--Procedures for Electing Out of Exemptions Under Section 1.475(c)-1; and Rev. Rul. 97-39, Mark-to-Market Accounting Method for Dealers in Securities
Extension without change of a currently approved collection   No
Regular
Approved without change 08/19/2016
Retrieve Notice of Action (NOA) 06/30/2016
  Inventory as of this Action Requested Previously Approved
08/31/2019 36 Months From Approved 08/31/2016
200 0 200
1,000 0 1,000
0 0 0
Revenue Procedure 98-46 (modifies Revenue Procedure 97-43) provides taxpayers automatic consent to change to mark-to-market accounting for securities after the taxpayer elects under section 1.475(c)-1, subject to specified terms and conditions. Revenue Ruling 97-39 provides taxpayers additional mark-to-market guidance in a question and answer format.
US Code: 26 USC 475(b)2 Name of Law: Identification Required
   US Code: 26 USC 475(a) Name of Law: General Rule
  
None
Not associated with rulemaking
  81 FR 14937 03/18/2016
81 FR 42794 06/30/2016
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 200 200 0 0 0 0
Annual Time Burden (Hours) 1,000 1,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
No
No
No
No
Uncollected
Pamela Lew 202 622-3950
  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.
06/30/2016