Consent To Extend the Time To Assess the Branch Profits Tax under Regulations Sections 1.884-2(a) and (c)

ICR 200205-1545-038

OMB: 1545-1407

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1545-1407 200205-1545-038
Historical Active 199906-1545-015
TREAS/IRS
Consent To Extend the Time To Assess the Branch Profits Tax under Regulations Sections 1.884-2(a) and (c)
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 05/30/2002
Retrieve Notice of Action (NOA) 05/30/2002
  Inventory as of this Action Requested Previously Approved
07/31/2002 07/31/2002 07/31/2002
5,000 0 5,000
22,500 0 28,800
0 0 0

Form 8848 is used by foreign corporations that have (a) completely terminated all of their U.S. trade or business within the meaning of temporary regulations section 1.884-2T(a) during the tax year or (b) transferred their U.S. assets to a domestic corporation in a transaction described in Code section 381(a), if the foreign corporation was engaged in a U.S. trade or business at that time.

None
None


No

1
IC Title Form No. Form Name
Consent To Extend the Time To Assess the Branch Profits Tax under Regulations Sections 1.884-2(a) and (c) FORM-8848

  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) 22,500 28,800 0 -6,300 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.
05/30/2002


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