OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

LR-194-82 FINAL - TREASURY DECISION-POSSESSION TAX CREDIT, DEFINITION OF PRODUCT, SIGNIFICANT BUSINESS PRESENCE TEST, AND COST SHARING AND PROFIT SPLIT ELECTIONS

ICR 198602-1545-008 · 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
129338 LR-194-82 FINAL - TREASURY DECISION-POSSESSION TAX CREDIT, DEFINITION OF PRODUCT, SIGNIFICANT BUSINESS PRESENCE TEST, AND COST SHARING AND PROFIT SPLIT ELECTIONS Form Migrated
ICR Details
1545-0215 198602-1545-008
Historical Active 198403-1545-012
TREAS/IRS
LR-194-82 FINAL - TREASURY DECISION-POSSESSION TAX CREDIT, DEFINITION OF PRODUCT, SIGNIFICANT BUSINESS PRESENCE TEST, AND COST SHARING AND PROFIT SPLIT ELECTIONS
Revision of a currently approved collection   No
Regular
Approved without change 04/09/1986
Retrieve Notice of Action (NOA) 02/07/1986
  Inventory as of this Action Requested Previously Approved
04/30/1987 04/30/1987 04/30/1987
1,100 0 1,100
806 0 798
0 0 0
CODE SECTION 936(H) REQUIRES INCOME FROM INTANGIBLE PROPERTY OWNED OR LEASED BY POSSESSIONS CORPORATIONS TO BE TAXED TO THE U.S. AFFILIATES. HOWEVER, AN ELECTION OUT MAY BE MADE UNDER CERTAIN CIRCUMSTANCES SO TH THE INCOME IS TAXED (UNDER THE PROFIT SPLIT OR COST SHARING OPTIONS) TO TEH POSSESSIONS CORPORATION. WE USE THE INFORMATION TO MONITOR COMPLIANCE WITH SECTION 936(H).
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 1,100 0 0 0 0
Annual Time Burden (Hours) 806 798 0 8 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
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.
02/07/1986