Limitation of Reduction in Income Tax Liability Incurred to the Virgin Islands -- LR-7, TD 6629 (Final)

ICR 199805-1545-015

OMB: 1545-0782

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1545-0782 199805-1545-015
Historical Active 199505-1545-055
TREAS/IRS
Limitation of Reduction in Income Tax Liability Incurred to the Virgin Islands -- LR-7, TD 6629 (Final)
Extension without change of a currently approved collection   No
Regular
Approved without change 06/29/1998
Retrieve Notice of Action (NOA) 05/21/1998
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
07/31/2001 07/31/2001 08/31/1998
500 0 500
184 0 184
0 0 0

The Tax Reform Act of 1986 repealed the mandatory reporting and recordkeeping requirements of section 934(d) (1954 Code). The prior exception to the general rule of section 934 (1954 Code) to prevent the Government of the Virgin Islands from granting tax rebates with regard to taxes attributable to income derived from sources within the U.S. was contingent upon the taxpayers compliance with the reporting requirements of section 934(d).

None
None


No

1
IC Title Form No. Form Name
Limitation of Reduction in Income Tax Liability Incurred to the Virgin Islands -- LR-7, TD 6629 (Final)

  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 500 500 0 0 0 0
Annual Time Burden (Hours) 184 184 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
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.
05/21/1998


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