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Federal forms, ICRs, and supporting documents

Information Collection Request

TD 8684 - Treatment of Gain From the Disposition of Interest in Certain Natural Resource Recapture Property by S Corporations and Their Shareholders

ICR 201710-1545-004 · OMB 1545-1493 · Active

Forms and Documents
DocumentTypeStatusAvailability
2017-11-30 SS 1545-1493r1 TD 8684.doc Supporting Statement A Uploaded 2017-11-30 Available
IC Document Collections
IC IDCollectionTypeStatusForm
18484 T.D. 8684 Treatment of Gain From the Disposition of Interest in Certain Natural Resource Recapture Property by S Corporations and Their Shareholders Unchanged
ICR Details
1545-1493 201710-1545-004
Active 201408-1545-004
TREAS/IRS
TD 8684 - Treatment of Gain From the Disposition of Interest in Certain Natural Resource Recapture Property by S Corporations and Their Shareholders
Extension without change of a currently approved collection   No
Regular
Approved without change 03/19/2018
Retrieve Notice of Action (NOA) 01/12/2018
  Inventory as of this Action Requested Previously Approved
03/31/2021 36 Months From Approved 03/31/2018
1,000 0 1,000
1,000 0 1,000
0 0 0
This regulation prescribes rules under Code section 1254 relating to the treatment by S corporations and their shareholders of gain from the disposition of natural resource recapture property and from the sale or exchange of S corporation stock. Section 1.1254(c)(2) of the regulation provides that gain recognized on the sale or exchange of S corporation stock is not treated as ordinary income if the shareholder attaches a statement to his or her return containing information establishing that the gain is not attributable to section 1254 costs.
US Code: 26 USC 751 Name of Law: Unrealized receivables and inventory items
   US Code: 26 USC 1254 Name of Law: Gain from distribution of interest in oil, gas, geothermal, or other mineral properties.
  
None
Not associated with rulemaking
  82 FR 44490 09/22/2017
83 FR 1659 01/12/2018
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 1,000 1,000 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
No
Uncollected
James Quinn 202 622-3070
  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.
01/12/2018