INTL-656-87 (Final) Treatment of Shareholders of Certain Passive Foreign Investment Companies

ICR 200003-1545-025

OMB: 1545-1507

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
ICR Details
1545-1507 200003-1545-025
Historical Active 199703-1545-005
TREAS/IRS
INTL-656-87 (Final) Treatment of Shareholders of Certain Passive Foreign Investment Companies
Extension without change of a currently approved collection   No
Regular
Approved without change 02/26/2001
Retrieve Notice of Action (NOA) 03/22/2000
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
02/29/2004 02/29/2004 02/28/2001
131,250 0 131,250
100,000 0 100,000
0 0 0

The reporting requirements affect U.S. persons that are direct and indirect shareholders of passive foreign investment companies (PFICs). The IRS uses Form 8621 to identify PFICs, U.S. persons that are shareholders, and transactions subject to PFIC taxation and to verify income inclusions, excess distributions and deferred tax amounts.

None
None


No

1
IC Title Form No. Form Name
INTL-656-87 (Final) Treatment of Shareholders of Certain Passive Foreign Investment Companies

  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 131,250 131,250 0 0 0 0
Annual Time Burden (Hours) 100,000 100,000 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.
03/22/2000


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