TD 9157 (Final) Guidance Regarding the Treatment of Certain Contingent Payment Debt Instruments w/ one or more Payments that are Denominated in, or Determined by Reference to, a Nonfunctional Currency
ICR 201806-1545-011
OMB: 1545-1831
Federal Form Document
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1545-1831 can be found here:
TD 9157 (Final) Guidance
Regarding the Treatment of Certain Contingent Payment Debt
Instruments w/ one or more Payments that are Denominated in, or
Determined by Reference to, a Nonfunctional Currency
Extension without change of a currently approved collection
OMB understands
that the IRS is currently in the process of revising the
methodology it uses to estimate burden and costs. OMB expects that
future ICRs under this OMB control number will include dollar
estimates of annual burden costs to taxpayers calculated using this
revised methodology.
Inventory as of this Action
Requested
Previously Approved
02/28/2022
36 Months From Approved
02/28/2019
250
0
250
100
0
100
0
0
0
This document contains previously
approved final regulations regarding the treatment of contingent
payment debt instruments for which one or more payments are
denominated in, or determined by reference to, a currency other
than the taxpayer’s functional currency. These regulations are
necessary because current regulations do not provide guidance
concerning the tax treatment of such instruments. The regulations
affect issuers and holders of such instruments including investment
banks and others who hold these debt instruments for
investments.
US Code:
26
USC 1275 Name of Law: Other definitions and special rules
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.