Return of U.S. Persons With Respect to Certain Foreign

ICR 200102-1545-022

OMB: 1545-1668

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC ID
Document
Title
Status
41027 Migrated
ICR Details
1545-1668 200102-1545-022
Historical Active 200012-1545-027
TREAS/IRS
Return of U.S. Persons With Respect to Certain Foreign
No material or nonsubstantive change to a currently approved collection   No
Emergency 02/02/2001
Approved without change 02/02/2001
Retrieve Notice of Action (NOA) 02/02/2001
  Inventory as of this Action Requested Previously Approved
06/30/2001 06/30/2001 06/30/2001
37,500 0 37,500
444,600 0 439,990
0 0 0

The Taxpayer Relief Act of 1997 significantly modified the information reporting requirements with respect to foreign partnerships. The Act made the following three changes (1) expanded section 603B to require U.S. persons transferring property to foreign partnerships in certain transactions to report those transfers; (2) expanded section 6038 to require certain U.S. Partners of controlled foreign partnerships to report information about the partnerships; and (3) modified the reporting required under section 6046A with respect to acquisitions and dispositions of foreign partnership interest.

None
None


No

1
IC Title Form No. Form Name
Return of U.S. Persons With Respect to Certain Foreign FORM-8865

  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 37,500 37,500 0 0 0 0
Annual Time Burden (Hours) 444,600 439,990 0 4,610 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
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.
02/02/2001


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