This document contains final
regulations under section 1503(d) regarding the events that require
the recapture of dual consolidated losses. These regulations are
issued to facilitate compliance by taxpayers with the dual
consolidated loss provisions. The regulations generally provide
that certain events will not trigger recapture of a dual
consolidated loss or payment of the associated interest charge. The
regulations provide for the filing of certain agreements in such
cases.
US Code:
26
USC 6103 Name of Law: Confidentiality and disclosure of returns
and return information
US Code: 26
USC 1503 Name of Law: Computation and payment of tax
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.