1120-IC-DISC, Interest Charge Domestic International Sales Corporation Return; Schedule K (Form 1120-IC-DISC), Shareholder's Statement of IC-DISC Distribution; Schedule P (Form 1120-IC-DISC)

ICR 200008-1545-001

OMB: 1545-0938

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1545-0938 200008-1545-001
Historical Active 199707-1545-026
TREAS/IRS
1120-IC-DISC, Interest Charge Domestic International Sales Corporation Return; Schedule K (Form 1120-IC-DISC), Shareholder's Statement of IC-DISC Distribution; Schedule P (Form 1120-IC-DISC)
Revision of a currently approved collection   No
Regular
Approved without change 10/02/2000
Retrieve Notice of Action (NOA) 08/01/2000
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
10/31/2003 10/31/2003 09/30/2000
6,480 0 6,480
229,435 0 232,253
0 0 0

U.S. corporations that have elected to be an interest charge domestic international sales corporation (IC-DISC) file Form 1120-IC-DISC to report their income and deductions. The IC-DISC is not taxed, but IC-DISC shareholders are taxed on their share of IC-DISC income. IRS uses Form 1120-IC-DISC to check the IC-DISC's computation of income. Schedule K (Form 1120-IC-DISC) is used to report income to shareholders; Schedule P (Form 1120- IC-DISC) is used by the IC-DISC to report its dealings with related suppliers, etc.

None
None


No

  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 6,480 6,480 0 0 0 0
Annual Time Burden (Hours) 229,435 232,253 0 -2,818 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.
08/01/2000


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