OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

REG-124069-02 (Final) Section 6038 - Returns Required with Respect to Controlled Foreign Partnerships; REG-118966-97 (Final) Information Reporting with Respect to Certain Foreign Partnership

ICR 201509-1545-050 · OMB 1545-1617 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
1545-1617_supporting_statement_2016revised.doc Supporting Statement A Uploaded 2016-05-02 Available
IC Document Collections
IC IDCollectionTypeStatusForm
18925 REG-124069-02 (Final) Section 6038 - Returns Required with Respect to Controlled Foreign Partnerships; REG-118966-97 (Final) Information Reporting with Respect to Certain Foreign Partnership Modified
ICR Details
1545-1617 201509-1545-050
Historical Active 201208-1545-005
TREAS/IRS
REG-124069-02 (Final) Section 6038 - Returns Required with Respect to Controlled Foreign Partnerships; REG-118966-97 (Final) Information Reporting with Respect to Certain Foreign Partnership
Reinstatement without change of a previously approved collection   No
Regular
Approved without change 08/09/2016
Retrieve Notice of Action (NOA) 05/17/2016
  Inventory as of this Action Requested Previously Approved
08/31/2019 36 Months From Approved
600 0 0
500 0 0
0 0 0
REG-124069-02 Treasury Regulation Sec. 1.6038-3 requires certain United States person who own interests in controlled foreign partnership to annually report information to the IRS on Form 8865. This regulation amends the reporting rules under Treasury Regulation section 1.6038-e to provide that a U.S. person must follow the filing requirements that are specified in the instructions for Form 8865 when the U.S. person must file Form 8865 and the foreign partnership completes and files Form 1065 or Form 1065-B. REG-118966-97 Section 6038 requires certain U.S. persons who own interest in controlled foreign partnerships or certain foreign corporations to annually report information to the IRS. This regulation provides reporting rules to identify foreign partnerships and foreign corporations which are controlled by U.S. persons. .
US Code: 26 USC 6038 Name of Law: Information reporting with respect to certain foreign corporations and parnterships.
  
None
Not associated with rulemaking
  80 FR 44430 07/27/2015
81 FR 30610 05/17/2016
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 600 0 0 0 0 600
Annual Time Burden (Hours) 500 0 0 0 0 500
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
No
No
No
No
Uncollected
Desai Anand 202 317-3969
  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.
05/17/2016