DOMESTIC INTERNATIONAL SALES CORPORATION RETURN--1983, AND ITS RELATED SCHEDULES K, N, AND P

ICR 198310-1545-013

OMB: 1545-0124

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
ICR Details
1545-0124 198310-1545-013
Historical Active 198301-1545-001
TREAS/IRS
DOMESTIC INTERNATIONAL SALES CORPORATION RETURN--1983, AND ITS RELATED SCHEDULES K, N, AND P
Revision of a currently approved collection   No
Regular
Approved without change 12/01/1983
Retrieve Notice of Action (NOA) 10/11/1983
THIS FORM IS APPROVED THROUGH DECEMBER 1985. IN A SUBSEQUENT SUBMISSI FOR CLEARANCE, A SHORT FORM FOR SMALL DISC COMPANIES BELOW CERTAIN INCOME AND/OR ASSET LEVELS SHOULD BE DEVELOPED, OR JUSTIFY WHY A SHORT FORM IS NOT FEASIBLE. ONE MODEL WOULD BE THE PLANNED 1120A SHORT FORM FOR SMALL CORPORATIONS.
  Inventory as of this Action Requested Previously Approved
12/31/1985 12/31/1985 10/31/1985
45,000 0 38,000
273,765 0 179,924
0 0 0

U.S. CORPORATIONS THAT HAVE ELECTED TO BE DOMESTIC INTERNATIONAL SALES CORPORATIONS FILE FORM 1120--DISC TO REPORT THEIR INCOME AND DEDUCTION THE DISC IS NOT TAXED, HOWEVER, SHAREHOLDERS OF THE DISC ARE TAXED ON INCOME. IRS USES FORM 1120--DISC TO CHECK THE DISC'S COMPUTATION OF INCOME. SCHEDULE N GIVES BASE PERIOD INFORMATION ON A DISC'S INCOME AND SCHEDULE P IS USED TO REPORT THE DISC'S DEALINGS WITH A RELATED SUPPLIER.

None
None


No

1
IC Title Form No. Form Name
DOMESTIC INTERNATIONAL SALES CORPORATION RETURN--1983, AND ITS RELATED SCHEDULES K, N, AND P 1120-DISC

  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 45,000 38,000 0 0 7,000 0
Annual Time Burden (Hours) 273,765 179,924 0 0 93,841 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.
10/11/1983


© 2024 OMB.report | Privacy Policy