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.
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.