OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund

ICR 200810-1545-002 · OMB 1545-1002 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Form 8621 Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund Form Modified Repair queued
ombat1.doc Supplementary Document Uploaded 2008-10-09 Available
8621.SUP.doc Supporting Statement A Uploaded 2008-10-09 Available
IC Document Collections
IC IDCollectionTypeStatusForm
39950 Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund Form Modified
ICR Details
1545-1002 200810-1545-002
Historical Active 200603-1545-035
TREAS/IRS
Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund
Extension without change of a currently approved collection   No
Regular
Approved without change 12/31/2008
Retrieve Notice of Action (NOA) 11/20/2008
  Inventory as of this Action Requested Previously Approved
12/31/2011 36 Months From Approved 12/31/2008
1,333 0 1,333
42,003 0 42,003
0 0 0
Form 8621 is Filed by a U.S. shareholder who owns stock in a foreign investment company. The form is used to report income, make an election to extend the time for payment of tax, and to pay an additional tax and interest amount. The IRS uses Form 8621 to determine if these shareholders have correctly reported amounts of income, made the election correctly, and have correctly computed the additional tax and interest amount.
US Code: 26 USC 1295 Name of Law: Qualified electing fund
  
None
Not associated with rulemaking
  73 FR 42651 07/22/2008
73 FR 70406 11/20/2008
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 1,333 1,333 0 0 0 0
Annual Time Burden (Hours) 42,003 42,003 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$273
No
No
Uncollected
Uncollected
Uncollected
Uncollected
D. Regier 202 622-3695
  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.
11/20/2008