Notice 2006-05, Waiver for Reasonable Cause for Failure to Report Loan Origination Fees and Capitalized Interest

ICR 200907-1545-007

OMB: 1545-1996

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2009-07-14
Supporting Statement A
2009-07-14
ICR Details
1545-1996 200907-1545-007
Historical Active 200605-1545-003
TREAS/IRS db-1996-007
Notice 2006-05, Waiver for Reasonable Cause for Failure to Report Loan Origination Fees and Capitalized Interest
Extension without change of a currently approved collection   No
Regular
Approved without change 10/08/2009
Retrieve Notice of Action (NOA) 07/29/2009
  Inventory as of this Action Requested Previously Approved
10/31/2012 36 Months From Approved 10/31/2009
500 0 500
5,000 0 5,000
0 0 0

This Notice provides information to payees who receive payment of interest on qualified education loans who are unable to comply with the information reporting requirements under section 6050S of the Internal Revenue Code.

US Code: 26 USC 6724 Name of Law: Failure to Comply with Certain Information Reporting Requirements
   US Code: 26 USC 6722 Name of Law: Failure to Furnish Correct Payee Statements
   US Code: 26 USC 6721 Name of Law: Failure to File Correct Information Returns
  
None

Not associated with rulemaking

  74 FR 23238 05/18/2009
74 FR 37305 07/28/2009
No

1
IC Title Form No. Form Name
Notice 2006-05, Waiver for Reasonable Cause for Failure to Report Loan Origination Fees and Capitalized Interest

  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 500 500 0 0 0 0
Annual Time Burden (Hours) 5,000 5,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
No
Uncollected
Donna Welch 202-622-4910 donna.j.welch@irscounsel.treas.gov

  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.
07/29/2009


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