U.S. INCOME TAX RETURN OF A FOREIGN SALES CORPORATION AND RELATED SCHEDULES. SCH. P - COMPUTATION OF TRANSFER PRICE OR COMMISSION

ICR 198708-1545-048

OMB: 1545-0935

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1545-0935 198708-1545-048
Historical Active 198610-1545-026
TREAS/IRS
U.S. INCOME TAX RETURN OF A FOREIGN SALES CORPORATION AND RELATED SCHEDULES. SCH. P - COMPUTATION OF TRANSFER PRICE OR COMMISSION
Revision of a currently approved collection   No
Regular
Approved without change 10/26/1987
Retrieve Notice of Action (NOA) 08/27/1987
You may omit printing the expiration date on this form. Also, you may continue to use previous versions of this form.
  Inventory as of this Action Requested Previously Approved
10/31/1990 10/31/1990 11/30/1989
30,000 0 30,000
52,491 0 54,484
0 0 0

FORM 1120-FSC IS FILED BY FOREIGN CORPORATIONS THAT HAVE ELECTED TO BE FOREIGN SALES CORPORATIONS OR SMALL FSC'S. THE FSC USES FORM 1120-FSC TO REPORT INCOME AND EXPENSES AND TO FIGURE ITS TAX LIABILITY WHETHER THE FSC HAS CORRECTLY REPORTED ITS INCOME AND EXPENSES AND FIGURED ITS TAX LIABILITY CORRECTLY.

None
None


No

1
IC Title Form No. Form Name
U.S. INCOME TAX RETURN OF A FOREIGN SALES CORPORATION AND RELATED SCHEDULES. SCH. P - COMPUTATION OF TRANSFER PRICE OR COMMISSION FORM, 1120-FSC, SCH.P, (FORM, 1120-FSC)

  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 30,000 30,000 0 0 0 0
Annual Time Burden (Hours) 52,491 54,484 0 -1,993 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.
08/27/1987


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