Election To Be Treated as a FSC or as a Small FSC

ICR 200104-1545-052

OMB: 1545-0884

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
39851 Migrated
ICR Details
1545-0884 200104-1545-052
Historical Active 199806-1545-040
TREAS/IRS
Election To Be Treated as a FSC or as a Small FSC
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 04/30/2001
Retrieve Notice of Action (NOA) 04/30/2001
  Inventory as of this Action Requested Previously Approved
04/30/2001 04/30/2001 07/31/2001
5,000 0 5,000
41,350 0 41,350
0 0 0

A foreign corporation and its shareholders must elect to be a Foreign Sales Corporation (FSC) or Small FSC. Form 8279 is used to make the election. Form 8279 provides IRS with the necessary information to determine that the foreign corporation qualifies to be a FSC, number and types of shareholders, and tax year of the FSC and its principal shareholder.

None
None


No

1
IC Title Form No. Form Name
Election To Be Treated as a FSC or as a Small FSC FORM-8279

  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 5,000 5,000 0 0 0 0
Annual Time Burden (Hours) 41,350 41,350 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.
04/30/2001


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