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

ICR 198710-1545-022

OMB: 1545-0935

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1545-0935 198710-1545-022
Historical Active 198708-1545-048
TREAS/IRS
U.S. INCOME TAX RETURN OF A FOREIGN SALES CORPORATION AND RELATED SCHEDULES. SCH. P - COMPUTATION OF TRANSFER PRICE OR COMMISSION
No material or nonsubstantive change to a currently approved collection   No
Emergency 10/27/1987
Approved with change 10/27/1987
Retrieve Notice of Action (NOA) 10/27/1987
  Inventory as of this Action Requested Previously Approved
10/31/1990 10/31/1990 10/31/1990
30,000 0 30,000
52,889 0 52,491
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) 52,889 52,491 0 398 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
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.
10/27/1987


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