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Federal forms, ICRs, and supporting documents

Information Collection Request

ELECTION TO BE TREATED AS A POSSESSIONS CORPORATION UNDER SEC. 936 - ELECTION & VERIFICATION OF THE COST SHARING OR PROFIT SPLIT METHOD UNDER SECTION 936(H)(5)

ICR 198902-1545-012 · 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
129340 ELECTION TO BE TREATED AS A POSSESSIONS CORPORATION UNDER SEC. 936 - ELECTION & VERIFICATION OF THE COST SHARING OR PROFIT SPLIT METHOD UNDER SECTION 936(H)(5) Form Migrated
ICR Details
1545-0215 198902-1545-012
Historical Active 198611-1545-022
TREAS/IRS
ELECTION TO BE TREATED AS A POSSESSIONS CORPORATION UNDER SEC. 936 - ELECTION & VERIFICATION OF THE COST SHARING OR PROFIT SPLIT METHOD UNDER SECTION 936(H)(5)
Revision of a currently approved collection   No
Regular
Approved without change 05/17/1989
Retrieve Notice of Action (NOA) 02/22/1989
  Inventory as of this Action Requested Previously Approved
04/30/1992 04/30/1992 08/31/1989
2,600 0 2,600
16,588 0 2,869
0 0 0
DOMESTIC CORPORATIONS MAY ELECT TO BE TREATED AS POSSESSIONS CORPORATIONS ON FORM 5712. THIS ELECTION ALLOWS THE CORPORATIONS TO TAKE TAX CREDIT. POSSESSIONS CORPORATIONS MAY ELECT ON FORM 5712-A TO SHARE THEIR TAXABLE INCOME WITH THEIR AFFILIATES UNDER SECTION 936(H)(5). THESE FORMS ARE USED BY THE IRS TO ASCERTAIN IF CORPORATIONS ARE ENTITLED TO THE CREDIT AND IF THEY MAY SHARE THEIR
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 2,600 2,600 0 0 0 0
Annual Time Burden (Hours) 16,588 2,869 0 -2,050 15,769 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
$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.
02/22/1989