Approved through
December 1995 with the revision received September 14th. As part of
its request for extension of this collection, the Department should
provide: 1) analytical questions for which country specific data
are required in Form 1116, 2) alternatives sources considered for
country data required by the Office of Tax Analysis and the
Statistics of Income Division, 3) an assessment of th feasibility
of sampling to obtain the needed data, and 4) information
concerning the reaction of taxpayers impacted by this collection.
You may omit printing the expiration date on this form. Also, you
may continue to use prior versions of this form.
Inventory as of this Action
Requested
Previously Approved
12/31/1995
12/31/1995
09/30/1993
1,032,325
0
589,900
3,415,521
0
3,415,521
0
0
0
FORM 1116 IS USED BY INDIVIDUALS
(INCLUDING NONRESIDENT ALIENS) AND FIDUCIARIES WHO PAID FOREIGN
INCOME TAXES ON U.S. TAXABLE INCOME TO COMPUTE THE FOREIGN TAX
CREDIT. THIS INFORMATION IS USED BY IRS TO VERIFY THE FOREIGN TAX
CREDIT.
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.