OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Consolidated and Controlled Groups- Intercompany Transactions and Related Rules

ICR 201707-1545-002 · OMB 1545-1433 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
2017-07-12 SS 1545-1433r1.doc Supporting Statement A Uploaded 2017-07-11 Available
IC Document Collections
IC IDCollectionTypeStatusForm
18330 CO-11-91 (TD 8597)(Final) Consolidated and Controlled Groups- Intercompany Transactions and Related Rules; CO-24-95 (TD 8660)(Final) Consolidated Groups-Intercompany Transactions and Related Rules Modified
ICR Details
1545-1433 201707-1545-002
Historical Active 201307-1545-007
TREAS/IRS
Consolidated and Controlled Groups- Intercompany Transactions and Related Rules
Extension without change of a currently approved collection   No
Regular
Approved without change 11/20/2017
Retrieve Notice of Action (NOA) 08/30/2017
  Inventory as of this Action Requested Previously Approved
11/30/2020 36 Months From Approved 11/30/2017
2,200 0 2,200
1,050 0 1,050
0 0 0
The Treasury regulations require common parents that make elections under Section 1.1502-13 to provide certain information. Section 1.1502 13(f)(5)(ii) provides common parents with an election to avoid potential duplications of gain from certain intercompany distributions and other transactions with respect to stock of members. These elections are designed to provide taxpayers relief from the application of certain provisions of the regulations. These elections must be made by the due date for the consolidated returns (including extensions). The section 1.1502 13(f)(5)(ii) election is made by attaching a statement to the consolidated return. Section 1.1502-13(f)(6)(i)(C) provides for an election to reduce basis in parent stock. The election must be made in a separate statement filed with the consolidated group's tax return. The information will be used to identify and assure that the amount, location, timing and attributes of intercompany transactions and corresponding items are properly maintained. Burden for the collection of information requirements under 1.1502 13(e)(3) and 1.1502 13(c) are being reported under OMB number 1545-0123.
US Code: 26 USC 267(f) Name of Law: Controlled groups
   US Code: 26 USC 1502 Name of Law: Regulations
  
None
Not associated with rulemaking
  82 FR 19455 04/27/2017
82 FR 41310 08/30/2017
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 2,200 2,200 0 0 0 0
Annual Time Burden (Hours) 1,050 1,050 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
    Yes
    Yes
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.
08/30/2017