OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

INTL-941-86 (NPRM) and INTL-655-87 (Temporary) (TD 8178) Passive Foreign Investment Companies

ICR 201410-1545-006 · OMB 1545-1028 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
1545-1028_2014 Supporting Statement_02DEC14.doc Supporting Statement A Uploaded 2014-12-02 Available
IC Document Collections
IC IDCollectionTypeStatusForm
17706 INTL-941-86 (NPRM) and INTL-655-87 (Temporary) Passive Foreign Investment Companies Unchanged
ICR Details
1545-1028 201410-1545-006
Historical Active 201110-1545-023
TREAS/IRS
INTL-941-86 (NPRM) and INTL-655-87 (Temporary) (TD 8178) Passive Foreign Investment Companies
Extension without change of a currently approved collection   No
Regular
Approved without change 02/19/2015
Retrieve Notice of Action (NOA) 12/15/2014
  Inventory as of this Action Requested Previously Approved
02/28/2018 36 Months From Approved 02/28/2015
275,000 0 275,000
112,500 0 112,500
0 0 0
These regulations specify how U.S. persons who are shareholders of passive foreign investment companies (PFICs) make elections with respect to their PFIC stock.
US Code: 26 USC 1291 Name of Law: Interest on tax deferral.
   US Code: 26 USC 1293 Name of Law: Current taxation of income from qualified electing funds.
   US Code: 26 USC 1294 Name of Law: Election to extend time for payment of tax on undistributed earnings.
   US Code: 26 USC 1295 Name of Law: Qualified electing fund.
   US Code: 26 USC 1296 Name of Law: election of mark to market for marketable stock.
   US Code: 26 USC 1297 Name of Law: Passive foreign investment company.
   US Code: 26 USC 1298 Name of Law: Special rules.
  
None
Not associated with rulemaking
  79 FR 45238 08/04/2014
79 FR 73951 12/12/2014
No
1
IC Title Form No. Form Name
INTL-941-86 (NPRM) and INTL-655-87 (Temporary) Passive Foreign Investment Companies
  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 275,000 275,000 0 0 0 0
Annual Time Burden (Hours) 112,500 112,500 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
No
No
No
No
Uncollected
Valerie Mark-Lippe 202 622-3840
  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.
12/15/2014