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Federal forms, ICRs, and supporting documents

Information Collection Request

Adjustments to Basis of Stock and Indebtedness to Shareholders of S Corporations and Treatment of Distributions by S Corporations to Shareholders

ICR 202406-1545-004 · OMB 1545-1139 · Received in OIRA

Forms and Documents
DocumentTypeStatusAvailability
Supporting Statement 1545-1139 - final.docx Supporting Statement A Uploaded 2024-07-23 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
184522 Section 1367 Regarding Open Account Debt (TD 9428) Removed
17867 Adjustments to Basis of Stock and Indebtedness to Shareholders of S Corporations and Treatment of Distributions by S Corporations to Shareholders. Modified
ICR Details
1545-1139 202406-1545-004
Received in OIRA 202102-1545-012
TREAS/IRS
Adjustments to Basis of Stock and Indebtedness to Shareholders of S Corporations and Treatment of Distributions by S Corporations to Shareholders
Extension without change of a currently approved collection   No
Regular 07/31/2024
  Requested Previously Approved
36 Months From Approved 07/31/2024
2,000 2,250
200 450
0 0
These previously approved regulations provide the procedures and the statements to be filed by S corporations for making the election provided under section 1368, and by shareholders who choose to reorder items that decrease their basis. Statements required to be filled will be used to verify that taxpayers are complying with the requirements imposed by Congress.
US Code: 26 USC 1368 Name of Law: Distributions
   US Code: 26 USC 1367 Name of Law: Adjustments to basis of stock of shareholders, etc.
  
None
Not associated with rulemaking
  89 FR 20762 03/25/2024
89 FR 61586 07/31/2024
No
  Total Request 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 2,000 2,250 0 0 -250 0
Annual Time Burden (Hours) 200 450 0 0 -250 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The burden previously reported for Treasury Decision (TD) 9428 was removed. This burden was calculated and reported in the proposed rules (REG-144859-04). However, the information collection was not implemented in the final rule (TD 9428). This reduces the number of responses by 250 and the burden hours by 250 annually due to Adjustment in Estimate.
$0
No
    No
    No
No
No
No
No
Deane Burke 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.
07/31/2024