TD 9168 - Optional 10-Year Writeoff of Certain Tax Preferences (REG-124405-03)

ICR 201704-1545-001

OMB: 1545-1903

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2017-04-12
Supplementary Document
2007-08-17
IC Document Collections
ICR Details
1545-1903 201704-1545-001
Historical Active 201309-1545-036
TREAS/IRS
TD 9168 - Optional 10-Year Writeoff of Certain Tax Preferences (REG-124405-03)
Extension without change of a currently approved collection   No
Regular
Approved without change 08/30/2017
Retrieve Notice of Action (NOA) 05/15/2017
  Inventory as of this Action Requested Previously Approved
08/31/2020 36 Months From Approved 08/31/2017
10,000 0 10,000
10,000 0 10,000
0 0 0

Internal Revenue Code § 59(e) contains final regulations relating to the optional 10- year write off of certain tax preference items under section 59(e) of the Internal Revenue Code (Code). The final regulations affect taxpayers who utilize section 59(e) for the optional 10-year write off of certain tax preferences. These final regulations provide guidance on the time and manner of making an election under section 59(e). The regulations also provide guidance on revoking an election under section 59(e). The regulations reflect changes to the law made by the Tax Reform Act of 1986, the Technical and Miscellaneous Revenue Act of 1988, and the Omnibus Budget Reconciliation Act of 1989.

US Code: 26 USC 59(e) Name of Law: Treatment of estates and trusts
  
None

Not associated with rulemaking

  82 FR 10217 02/07/2017
82 FR 22387 05/15/2017
No

1
IC Title Form No. Form Name
REG-124405-03 (NPRM) Optional 10-Year Writeoff of Certain Tax Preferences

  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 10,000 10,000 0 0 0 0
Annual Time Burden (Hours) 10,000 10,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
Uncollected
Jaime Park 202 622-3120

  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.
05/15/2017


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