LR-58-83 (Final) Related Group Election With Respect to Qualified Investments in Foreign Base Company Shipping Operations.

ICR 200402-1545-022

OMB: 1545-0755

Federal Form Document

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ICR Details
1545-0755 200402-1545-022
Historical Active 200102-1545-013
TREAS/IRS
LR-58-83 (Final) Related Group Election With Respect to Qualified Investments in Foreign Base Company Shipping Operations.
Extension without change of a currently approved collection   No
Regular
Approved without change 03/22/2004
Retrieve Notice of Action (NOA) 02/20/2004
  Inventory as of this Action Requested Previously Approved
03/31/2007 03/31/2007 04/30/2004
100 0 100
205 0 205
0 0 0

The election described in the attached justification converted an annual election to an election effective until revoked. The computational information required is necessary to assure that the U.S. shareholder correctly reports any shipping income of its controlled foreign corporations which is taxable to that shareholder.

None
None


No

1
IC Title Form No. Form Name
LR-58-83 (Final) Related Group Election With Respect to Qualified Investments in Foreign Base Company Shipping Operations.

  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 100 100 0 0 0 0
Annual Time Burden (Hours) 205 205 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.
02/20/2004


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