Recapture of Investment Credit

ICR 201512-1545-025

OMB: 1545-0166

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supporting Statement A
2015-12-18
IC Document Collections
IC ID
Document
Title
Status
43853 Modified
ICR Details
1545-0166 201512-1545-025
Historical Active 201211-1545-014
TREAS/IRS Ready
Recapture of Investment Credit
Extension without change of a currently approved collection   No
Regular
Approved without change 05/15/2016
Retrieve Notice of Action (NOA) 01/29/2016
  Inventory as of this Action Requested Previously Approved
05/31/2019 36 Months From Approved 05/31/2016
13,200 0 13,200
129,492 0 129,492
0 0 0

IRC section 50(a) and Regulation section 1.47 require that taxpayers attach a statement to their return showing the computation of the recapture tax when investment credit property is disposed of before the end of the recapture period used in the original computation of the investment credit.

US Code: 26 USC 50(a) Name of Law: Recapture in case of dispositions, etc.
  
None

Not associated with rulemaking

  80 FR 71919 11/17/2015
81 FR 5032 01/29/2016
No

1
IC Title Form No. Form Name
Recapture of Investment Credit Form 4255 Recapture of Investment Credit

  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 13,200 13,200 0 0 0 0
Annual Time Burden (Hours) 129,492 129,492 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$35,051
No
No
No
No
No
Uncollected
Sharon Dewsbury 240 613-5821 sharon.a.dewsbury@irs.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.
01/29/2016


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