COMPUTATION OF POSSESSIONS CORPORATION TAX CREDIT ALLOWED UNDER SECTION 936 ALLOCATION OF INCOME AND EXPENSES UNDER SECTION 936(H)(5)

ICR 198609-1545-001

OMB: 1545-0217

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1545-0217 198609-1545-001
Historical Active 198403-1545-003
TREAS/IRS
COMPUTATION OF POSSESSIONS CORPORATION TAX CREDIT ALLOWED UNDER SECTION 936 ALLOCATION OF INCOME AND EXPENSES UNDER SECTION 936(H)(5)
Revision of a currently approved collection   No
Regular
Approved without change 09/11/1986
Retrieve Notice of Action (NOA) 09/02/1986
  Inventory as of this Action Requested Previously Approved
09/30/1989 09/30/1989 03/31/1987
1,200 0 1,200
2,595 0 18,803
0 0 0

FORM 5735 IS USED TO COMPUTE THE POSSESSIONS TAX CREDIT UNDER SECTION 936. THE CREDIT IS ALLOWED TO DOMESTIC CORPORATIONS WHO HAVE A BUSINESS IN A POSSESSION. SCHEDULE P IS USED BY CORPORATIONS WHO ELECT TO SHARE THEIR INCOME OR EXPENSES WITH THEIR AFFILIATES. EACH FORM PROVIDES THE IRS WITH INFORMATION NEEDED TO DETERMINE IF CORPORATIONS HAVE CORRECTLY COMPUTED THE TAX CREDIT AND THE COST

None
None


No

1
IC Title Form No. Form Name
COMPUTATION OF POSSESSIONS CORPORATION TAX CREDIT ALLOWED UNDER SECTION 936 ALLOCATION OF INCOME AND EXPENSES UNDER SECTION 936(H)(5) 5735, SCH P

  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 1,200 1,200 0 0 0 0
Annual Time Burden (Hours) 2,595 18,803 0 -8 -16,200 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.
09/02/1986


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