Foreign Tax Credit Corporations

ICR 200406-1545-049

OMB: 1545-0122

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
16950 Migrated
ICR Details
1545-0122 200406-1545-049
Historical Active 200401-1545-015
TREAS/IRS
Foreign Tax Credit Corporations
Extension without change of a currently approved collection   No
Regular
Approved without change 07/27/2004
Retrieve Notice of Action (NOA) 06/24/2004
  Inventory as of this Action Requested Previously Approved
07/31/2007 07/31/2007 08/31/2004
30,950 0 30,950
4,235,389 0 4,235,389
0 0 0

Form 1118 and separate Schedules I and J are used by domestic and foreign corporations to claim a credit for taxes paid to foreign countries. The IRS uses Form 1118 and related schedules to determine if the corporation has computed the foreign tax credit correctly.

None
None


No

1
IC Title Form No. Form Name
Foreign Tax Credit Corporations 1118, SCHEDULE-I, SCHEDULE-J

  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 30,950 30,950 0 0 0 0
Annual Time Burden (Hours) 4,235,389 4,235,389 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.
06/24/2004


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