ELECTION TO BE TREATED AS A FSC OR AS A SMALL FSC

ICR 198411-1545-025

OMB: 1545-0884

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC ID
Document
Title
Status
170555 Migrated
ICR Details
1545-0884 198411-1545-025
Historical Active 198411-1545-005
TREAS/IRS
ELECTION TO BE TREATED AS A FSC OR AS A SMALL FSC
No material or nonsubstantive change to a currently approved collection   No
Emergency 11/09/1984
Approved with change 11/09/1984
Retrieve Notice of Action (NOA) 11/09/1984
  Inventory as of this Action Requested Previously Approved
11/30/1987 11/30/1987 11/30/1987
10,000 0 5,000
2,500 0 5,000
0 0 0

A FOREIGN CORPORATION AND ITS SHAREHOLDERS MUST ELECT TO BE A FOREIGN SALES CORPORATION (FSC) OR SMALL FSC. FORM 8279 IS USED TO MAKE THE ELECTION. FORM 8279 PROVIDES IRS WITH THE NECESSARY INFORMATION TO DETERMINE THAT THE FOREIGN CORPORATION QUALIFIES TO BE A FSC, NUMBER AND TYPES OF SHAREHOLDERS, AND TAX YEAR OF THE FSC AND ITS PRINCIPAL SHAREHOLDER.

None
None


No

1
IC Title Form No. Form Name
ELECTION TO BE TREATED AS A FSC OR AS A SMALL FSC 8279

  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 10,000 5,000 0 5,000 0 0
Annual Time Burden (Hours) 2,500 5,000 0 -2,500 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes

$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.
11/09/1984


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