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Federal forms, ICRs, and supporting documents

Information Collection Request

ELECTION TO BE TREATED AS A POSSESSIONS CORPORATION UNDER SECTION 936, ELECTION TO USE THE COST SHARING OR PROFIT SPLIT METHOD UNDER SECTION 936(H)(5)

ICR 198403-1545-012 · OMB 1545-0215 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC IDCollectionTypeStatusForm
129337 ELECTION TO BE TREATED AS A POSSESSIONS CORPORATION UNDER SECTION 936, ELECTION TO USE THE COST SHARING OR PROFIT SPLIT METHOD UNDER SECTION 936(H)(5) Form Migrated
ICR Details
1545-0215 198403-1545-012
Historical Active 198401-1545-008
TREAS/IRS
ELECTION TO BE TREATED AS A POSSESSIONS CORPORATION UNDER SECTION 936, ELECTION TO USE THE COST SHARING OR PROFIT SPLIT METHOD UNDER SECTION 936(H)(5)
Revision of a currently approved collection   No
Regular
Approved without change 04/03/1984
Retrieve Notice of Action (NOA) 03/29/1984
THIS SUBMISSION IS APPROVED THROUGH APRIL 1987 WITH THE FOLLOWING CONDITIONS: (1) THE FORMS ARE NOT USED BEFORE THE FINAL REGULATION IS ISSUED, AND (2) THE EXPIRATION DATE IS PRINTED ON THE FORMS.
  Inventory as of this Action Requested Previously Approved
04/30/1987 04/30/1987 09/30/1986
1,100 0 51
798 0 25
0 0 0
SECTION 936 OF THE IRC ALLOWS DOMESTIC CORPORATIONS TO ELECT TO BE TREATED AS A POSSESSION CORPORATION. FORM 5712 IS USED TO ELECT THIS STATUS. UNDER SECTION 936(H) INTANGIBLE PROPERTY INCOME IS TAXED TO U.S. SHAREHOLDERS UNLESS A POSSESSIONS CORPORATION MAKES AN ELECTION FOR DIFFERENT TAX TREATMENT. FORM 5712-A IS USED TO MAKE THE ELECTION
None
None
No
  Total Approved 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 1,100 51 0 0 1,049 0
Annual Time Burden (Hours) 798 25 0 0 773 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
  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.
03/29/1984