The agency is
not required to display the expiration date.
Inventory as of this Action
Requested
Previously Approved
03/31/2004
03/31/2004
03/31/2001
1,000
0
1,000
1,000
0
1,000
0
0
0
This regulation provides guidance on
when and how the deduction for state income taxes is to be
allocated and apportioned between gross income from sources within
and without the US in order to determine and amount of taxable
income from thos sources. The reporting requirements in the
regulation affect those taxpayers claiming foreign tax credits who
elect to use an alternative method from that described in the
regulation to allocate and apportion deductions for state income
taxes.
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.