New
collection (Request for a new OMB Control Number)
No
Regular
01/07/2021
Requested
Previously Approved
36 Months From Approved
50
0
256
0
0
0
The data is the same collected on the
Form 1065 U.S. Return of Partnership Income and will be used to
contact the partnership and make a determination regarding whether
the Section 754 revocation request will be approved or
denied.
US Code:
26
USC 754 Name of Law: Manner of electing optional adjustment to
basis of partnership property
This is a new form. The
increase in burden is the burden hours associated with this new
collection.
$0
No
Yes
No
No
No
No
No
Adreinne Cooper 414 231-2306
adrienne.n.cooper@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.