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Federal forms, ICRs, and supporting documents

Information Collection Request

CO-88-90 (TD 8530) Limitation on Net Operating Loss Carryforwards and Certain Built-in Losses Following Ownership Change; Special Rule for Value of a Loss Corporation Under the Jurisdiction...

ICR 201705-1545-001 · OMB 1545-1324 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
T.D. 8530.pdf Supplementary Document Uploaded 2014-02-10 Available
2017-05-15 SS 1545-1324r.doc Supporting Statement A Uploaded 2017-06-06 Available
IC Document Collections
IC IDCollectionTypeStatusForm
18115 CO-88-90 (TD 8530 - Final) Limitation on Net Operating Loss Carryforwards and Certain Built-in Losses Following Ownership Change; Special Rule for Value of a Loss Corporation Under the Jurisdiction... Modified
ICR Details
1545-1324 201705-1545-001
Historical Active 201402-1545-008
TREAS/IRS
CO-88-90 (TD 8530) Limitation on Net Operating Loss Carryforwards and Certain Built-in Losses Following Ownership Change; Special Rule for Value of a Loss Corporation Under the Jurisdiction...
Revision of a currently approved collection   No
Regular
Approved without change 12/18/2017
Retrieve Notice of Action (NOA) 06/30/2017
  Inventory as of this Action Requested Previously Approved
12/31/2020 36 Months From Approved 12/31/2017
250 0 3,250
63 0 813
0 0 0
This information serves as evidence of an election to apply section 382(1)(6) in lieu of section 382(1)(5) and an election to apply the provisions of the regulations. It is required by the Internal Revenue Service to assure that the proper amount of carryover attributes are used by a loss corporation following specified types of ownership changes.
US Code: 26 USC 382 Name of Law: Corporate distributions and adjustments
  
None
Not associated with rulemaking
  82 FR 13204 03/09/2017
82 FR 29999 06/30/2017
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 250 3,250 0 -3,000 0 0
Annual Time Burden (Hours) 63 813 0 -750 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Miscellaneous Actions
Section 1.382 9(p)(2) requires that a loss corporation electing to apply the provisions of the regulations retroactively must file a statement evidencing this election with its tax return. This election is no longer available. Therefore, there is no continuing requirement and no reporting burden. This results in a decrease of 3,000 responses and 750 burden hours.
$0
No
    Yes
    No
No
No
No
Uncollected
Vincent Daly 202 622-7770 [email protected]
  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.
06/30/2017