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 Form 6793, Safe Harbor Lease Information Return, is obsolete for safe harbor lease agreements executed after June 30, 1985.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 § 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.

Code of Federal Regulations

The lessor's failure to file the above-described statement shall void such agreement as a safe-harbor lease under 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 § 1.9100-1 .

Code of Federal Regulations

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