OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Extended Carryback of Losses to or from a Consolidated Group (TD 9490 - Final)

ICR 201909-1545-019 · OMB 1545-2171 · Active

Forms and Documents
DocumentTypeStatusAvailability
2019-11-18_SS_1545-2171r.doc Supporting Statement A Uploaded 2019-11-18 Available
IC Document Collections
IC IDCollectionTypeStatusForm
191751 Extended Carryback of of Losses to or from a Consolidated Group Other-TD Modified
ICR Details
1545-2171 201909-1545-019
Active 201607-1545-012
TREAS/IRS
Extended Carryback of Losses to or from a Consolidated Group (TD 9490 - Final)
Extension without change of a currently approved collection   No
Regular
Approved without change 01/31/2020
Retrieve Notice of Action (NOA) 12/30/2019
  Inventory as of this Action Requested Previously Approved
01/31/2023 36 Months From Approved 01/31/2020
4,000 0 4,000
1,000 0 1,000
0 0 0
This document contains final and temporary regulations under section 1502 that affect corporations filing consolidated returns. These regulations contain rules regarding the implementation of section 172(b)(1)(H) within a consolidated group. These regulations also permit certain acquiring consolidated groups to elect to waive all or a portion of the pre-acquisition carryback period pursuant to section 172(b)(1)(H) for specific losses attributable to certain acquired members. This project amends §1.1502-21 to implement the revisions to Code section 172(b)(1)(H), which extend the carryback period for NOLs to five years, enacted by the Worker, Homeownership, and Business Assistance Act of 2009 ("WHBAA") that the President signed on Nov. 6, 2009 (Pub. L. 111-92).
US Code: 26 USC Section 1.1502-21(b)(3) Name of Law: Net Operating Losses
   US Code: 26 USC section 172(b) (1)(H) Name of Law: Net Operating Loss Deduction
   PL: Pub.L. 111 - 92 13 Name of Law: Worker, Homeownership, and Business Assistance Act of 2009
  
None
Not associated with rulemaking
  84 FR 48218 09/12/2019
84 FR 72141 12/30/2019
No
1
IC Title Form No. Form Name
Extended Carryback of of Losses to or from a Consolidated Group
  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 4,000 4,000 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
Grid Glyer 202 622-7930
  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.
12/30/2019