OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

5712, Election To Be Treated as a Possessions Corporation Under Section 936 5712-A, Election and Verification of the Cost Sharing or Profit Split Method Under Section 936(h)(5)

ICR 200007-1545-002 · 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
17139 5712, Election To Be Treated as a Possessions Corporation Under Section 936 5712-A, Election and Verification of the Cost Sharing or Profit Split Method Under Section 936(h)(5) Form Migrated
ICR Details
1545-0215 200007-1545-002
Historical Active 199707-1545-008
TREAS/IRS
5712, Election To Be Treated as a Possessions Corporation Under Section 936 5712-A, Election and 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 08/21/2000
Retrieve Notice of Action (NOA) 07/05/2000
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
08/31/2003 08/31/2003 08/31/2000
2,600 0 2,600
20,258 0 16,607
0 0 0
Domestic corporations may elect to be treated as possessions corporations of Form 5712. This election allows the corporation to take a tax credit. Possession corporations may elect on Form 5712-A to share their taxable income with their affiliates under Internal Revenue Code 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 taxable income with their affiliates.
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) 20,258 16,607 0 3,651 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.
07/05/2000