Approved. In
addition, the department is authorized to omit printing the
expiration date on the form.
Inventory as of this Action
Requested
Previously Approved
08/31/1988
08/31/1988
5,000
0
0
52,673
0
0
0
0
0
FORM 1120-FSC IS FILED BY FOREIGN
CORPORATIONS THAT HAVE ELECTED TO BE FSC'S OR SMALL FSC'S. THE FSC
USES FORM 1120-FSC TO REPORT INCOME AND EXPENSES AND TO FIGURE ITS
TAX LIABILITY. IRS USES FORM 1120-FSC, AND SCHEDULE P (FORM
1120-FSC) TO DETERMINE WHETHER THE FSC HAS CORRECTLY REPORTED ITS
INCOME AND EXPENSES AND FIGURED ITS TAX LIABILITY
CORRECTLY.
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.