Revenue Procedure Granting Automatic Consent to change certain elections relating to the apportionment of interest expense and research and experimental expenditures.
ICR 201308-1545-061
OMB: 1545-2040
Federal Form Document
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1545-2040 can be found here:
Revenue Procedure Granting
Automatic Consent to change certain elections relating to the
apportionment of interest expense and research and experimental
expenditures.
Extension without change of a currently approved collection
This revenue procedure sets forth the
administrative procedures for taxpayers to obtain automatic
approval to change certain elections relating to the apportionment
of interest expense under §§ 1.861–8T(c)(2) and 1.861–9(i)(2) and
research and experimental expenditures (R&E) under §
1.861–17(e). A taxpayer complying with this revenue procedure will
be deemed to have obtained the approval of the Commissioner of the
Internal Revenue Service to change those elections.
US Code:
26
USC 199 Name of Law: Itemized Deductions for Individuals and
Corporations
US Code: 26
USC 7805 Name of Law: Rules and Regulations
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.