This form is
approved through February 1982. When submitting request for
extension please justify data elements in terms of use and
statutory requirements. Also, indicate which items are computerized
and which are not. Explain how noncomputerized elements are used.
In addition, please estimate the number of these forms audited or
reviewed for audit in the last three years and the total number
from which they were selected. What would be the consequence of not
getting the detail requirements, exceot for those selected for
potential audit?
Inventory as of this Action
Requested
Previously Approved
02/28/1983
02/28/1983
12/31/1981
500
0
362,000
500
0
268,000
0
0
0
IRC SECTION 611 ALLOWS A DEDUCTION FOR
WORTHLESSNESS OF MINERAL RIGHTS AND/OR GEOTHERMAL DEPOSITS. FORM
927 IS USED TO CLAIM THIS DEDUCTION. THE INFORMATION OBTAINED IS
NECESSARY TO PROVE WORTHLESSNESS AND TO DETERMINE THE VALIDITY OF
THE CLAIMED DEDUCTION.
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.