TD 9568, Methods to Determine Taxable Income in connection with a Cost Sharing Arrangement - IRC Section 482

ICR 202102-1545-013

OMB: 1545-1364

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2021-04-26
ICR Details
1545-1364 202102-1545-013
Received in OIRA 201801-1545-014
TREAS/IRS
TD 9568, Methods to Determine Taxable Income in connection with a Cost Sharing Arrangement - IRC Section 482
Extension without change of a currently approved collection   No
Regular 04/29/2021
  Requested Previously Approved
36 Months From Approved 04/30/2021
500 500
9,350 9,350
0 0

The purpose of Internal Revenue Code (IRC) section 482 is to ensure taxpayers clearly reflect income attributable to controlled transactions and to prevent avoidance of taxes regarding such transactions. IRC section 482 places a controlled taxpayer on a tax parity with an uncontrolled taxpayer by determining true taxable income. Previously approved, TD 9568 (76 FR 80082) published December 22, 2011, contained final regulations regarding methods to determine taxable income in connection with a cost sharing arrangement under section 482 of the Internal Revenue Code (Code). The final regulations address issues that had arisen in administering the cost sharing regulations. The final regulations affect domestic and foreign entities that enter into cost sharing arrangements described in the final regulations.

US Code: 26 USC 482 Name of Law: Allocation of income and deductions among taxpayers
  
None

Not associated with rulemaking

  85 FR 74792 11/23/2020
86 FR 22784 04/29/2021
No

1
IC Title Form No. Form Name
TD 9568 - Section 482 Methods to Determine Taxable Income in Connection with a Cost Sharing Arrangement.

  Total Request 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 500 500 0 0 0 0
Annual Time Burden (Hours) 9,350 9,350 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$8,162
No
    Yes
    No
No
No
No
No
Joseph Henderson 202 317-4967 joseph.s.henderson@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.
04/29/2021


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