Section 194 allows taxpayers to elect
to amortize certain reforestation expenditures over a 7-year period
if the expenditures meet certain requirements. The regulations
implement this election provision and allow the Service to
determine if the election is proper and allowable.
US Code:
26
USC 194 Name of Law: Amortization of reforestation
expenditures.
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.