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Federal forms, ICRs, and supporting documents

Information Collection Request

Limitation on Reduction in Income Tax Liability Incurred to the Virgin Islands -- LR-7, T.D. 6629 (Final)

ICR 199505-1545-055 · OMB 1545-0782 · Historical Active

Forms and Documents
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No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC IDCollectionTypeStatusForm
130633 Limitation on Reduction in Income Tax Liability Incurred to the Virgin Islands -- LR-7, T.D. 6629 (Final) Migrated
ICR Details
1545-0782 199505-1545-055
Historical Active 199207-1545-013
TREAS/IRS
Limitation on Reduction in Income Tax Liability Incurred to the Virgin Islands -- LR-7, T.D. 6629 (Final)
Extension without change of a currently approved collection   No
Regular
Approved without change 08/17/1995
Retrieve Notice of Action (NOA) 05/31/1995
  Inventory as of this Action Requested Previously Approved
08/31/1998 08/31/1998 09/30/1995
500 0 0
184 0 184
0 0 0
The Tax Reform Act of 1986 repealed the mandatory reporting and recordkeeping requirements of section 934(d) (1954 Code). The prior exception to the general rule of section 934 (1954 Code) to prevent the Government of the Virgin Islands from granting tax rebates with regard to taxes attributable to income derived from sources within the U.S. was contingent upon the taxpayers' compliance with the reporting requirement of section 934(d). The changes imposed by the Tax Reform Act of 1986 should reduce the number of responses to approximately 500.
None
None
No
1
IC Title Form No. Form Name
Limitation on Reduction in Income Tax Liability Incurred to the Virgin Islands -- LR-7, T.D. 6629 (Final)
  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 500 0 0 500 0 0
Annual Time Burden (Hours) 184 184 0 0 0 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.
05/31/1995