Rev. Proc. 2007-25, Revenue Procedure regarding I.R.C. 6707A(e) and Disclosure with the SEC

ICR 201505-1545-008

OMB: 1545-1956

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2015-06-25
Supplementary Document
2015-05-29
Supplementary Document
2012-03-30
IC Document Collections
ICR Details
1545-1956 201505-1545-008
Historical Active 201203-1545-025
TREAS/IRS
Rev. Proc. 2007-25, Revenue Procedure regarding I.R.C. 6707A(e) and Disclosure with the SEC
Extension without change of a currently approved collection   No
Regular
Approved without change 10/24/2015
Retrieve Notice of Action (NOA) 06/30/2015
  Inventory as of this Action Requested Previously Approved
10/31/2018 36 Months From Approved 10/31/2015
859 0 859
430 0 430
0 0 0

This revenue procedure amplifies Rev. Proc. 2005-51, 2005-2 C.B. 296, which provides guidance to persons who may be required to pay certain penalties under sections 6662(h), 6662A, or 6707A of the Internal Revenue Code, and who may be required under section 6707A(e) to disclose those penalties on reports filed with the Securities and Exchange Commission (SEC). This revenue procedure describes the report on which the disclosures must be made, the information that must be disclosed, and the deadlines by which persons must make the disclosures on reports filed with the SEC in order to avoid additional penalties under section 6707A(e).

US Code: 26 USC 6662(h) Name of Law: Imposition of accuracy-related penalty on underpayments
   US Code: 26 USC 6707A(e) Name of Law: Penalty for failure to include reportable transaction information with return
  
None

Not associated with rulemaking

  80 FR 15662 03/24/2015
80 FR 37051 06/29/2015
No

1
IC Title Form No. Form Name
Rev. Proc. 2007-25, Revenue Procedure regarding I.R.C. 6707A(e) and Disclosure with the SEC

  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 859 859 0 0 0 0
Annual Time Burden (Hours) 430 430 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Matthew Cooper 202 622-4940 matthew.s.cooper@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.
06/30/2015


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