UNITED STATES INFORMATION RETURN CREATION OF OR TRANSFERS TO CERTAIN

ICR 198104-1545-159

OMB: 1545-0159

Federal Form Document

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ICR Details
1545-0159 198104-1545-159
Historical Active
TREAS/IRS
UNITED STATES INFORMATION RETURN CREATION OF OR TRANSFERS TO CERTAIN
Revision of a currently approved collection   No
Regular
Approved without change 04/01/1981
Retrieve Notice of Action (NOA) 04/01/1981
  Inventory as of this Action Requested Previously Approved
12/31/1981 12/31/1981
362,000 0 0
268,000 0 0
0 0 0

IRC SECTION 6048(A) REQUIRES THAT ANY U.S. PERSON WHO CREATES A FOREIGN TRUST OR TRANSFERS MONEY OR PROPERTY TO A FOREIGN TRUST MUST FILE AN INFORMATION RETURN BY THE 90TH DAY AFTER THE CREATION OF THE TRUST OR TRANSFER OF MONEY OR PROPERTY. FORM 3520 IS USED TO IDENTIFY PERSONS WHO HAVE TRANSFERRED MONEY TO A FOREIGN TRUST OR CREATED ONE. THE INFORMTION COLLECTED IS USED TO MONITOR ACTIVITIES IN FOREIGN TAX HAVENS.

None
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No

1
IC Title Form No. Form Name
UNITED STATES INFORMATION RETURN CREATION OF OR TRANSFERS TO CERTAIN 3520

  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 362,000 0 0 0 362,000 0
Annual Time Burden (Hours) 268,000 0 0 0 268,000 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
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.
04/01/1981


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