[Code of Federal Regulations]
[Title 26, Volume 2]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 26CFR1.168(f)(8)-1T]

[Page 1041-1042]
 
                       TITLE 26--INTERNAL REVENUE
 
    CHAPTER I--INTERNAL REVENUE SERVICE, DEPARTMENT OF THE TREASURY 
                               (CONTINUED)
 
PART 1_INCOME TAXES--Table of Contents
 
Sec. 1.168(f)(8)-1T  Safe-harbor lease information returns concerning 
qualified mass commuting vehicles (temporary).

    In general. Form 6793, Safe Harbor Lease Information Return, is 
obsolete for safe harbor lease agreements executed after June 30, 1985. 
The parties to a safe harbor lease agreement under section 168(f)(8) 
executed after June 30, 1985 must file with their timely filed 
(including extensions) Federal income tax returns for the taxable year 
during which the lease term begins a statement containing the following 
information:
    (a) The name, address, and taxpayer identification number of the 
lessor and the lessee;
    (b) A description of the property with respect to which safe-harbor 
lease treatment is claimed;
    (c) The date on which the lessee places the property in service, the 
date on which the lease begins, and the term of the lease;
    (d) The recovery property class of the leased property under section 
168(c)(2) (for example, 5-year);
    (e) The terms of the payments between the parties to the lease 
transaction;
    (f) The unadjusted basis of the property as defined in section 
168(d)(1) and its adjusted basis as determined under Sec. 5c.168(f)(8)-
6(b)(3); and
    (g) If the lessor is a partnership or grantor trust, the name, 
address, and taxpayer identification number of the partners or 
beneficiaries and the service center at which the income tax return of 
each partner or beneficiary is filed.

The lessor's failure to file the above-described statement shall void 
such agreement as a safe-harbor lease under

[[Page 1042]]

section 168(f)(8) as of the date of the execution of the lease 
agreement. For rules regarding extensions of time for filing elections, 
see Sec. 1.9100-1.

[T.D. 8033, 50 FR 27224, July 2, 1985]