OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Information with Respect to Certain Foreign- Owned Corporations - IRC Section 6038A

ICR 201611-1545-001 · OMB 1545-1191 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
SuppStmnt. 1545-1191 2016 final.doc Supporting Statement A Uploaded 2016-12-13 Available
IC Document Collections
IC IDCollectionTypeStatusForm
221398 Treatment of Certain Domestic Entities Disregarded as Separate From Their Owners as Corporations for Purposes of Section 6038A Modified
17936 (TD 8353) Information with Respect to Certain Foreign- Owned Corporations Modified
ICR Details
1545-1191 201611-1545-001
Historical Active 201605-1545-002
TREAS/IRS
Information with Respect to Certain Foreign- Owned Corporations - IRC Section 6038A
Extension without change of a currently approved collection   No
Regular
Approved without change 02/10/2017
Retrieve Notice of Action (NOA) 11/29/2016
  Inventory as of this Action Requested Previously Approved
02/29/2020 36 Months From Approved 02/28/2017
64,000 0 64,000
640,000 0 640,000
0 0 0
The regulations require record maintenance, annual information filing, and the authorization of the U.S. corporation to act as an agent for IRS summons purposes. These requirements allow IRS International examiners to better audit the returns of U.S. corporations engaged in crossborder transactions with a related party.
US Code: 26 USC 6038A Name of Law: Information with respect to certain foreign-owned corporations.
  
None
1545-BM94 Final or interim final rulemaking 81 FR 89849 12/13/2016
  81 FR 28784 05/10/2016
81 FR 86071 11/29/2016
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 64,000 64,000 0 0 0 0
Annual Time Burden (Hours) 640,000 640,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
No
No
No
No
Uncollected
Ronald Gootzeit 202 622-3860
  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.
11/29/2016