Information Returns Required with Respect to Certain Foreign Corporations and Certain Foreign-Owned Domestic Corporations

ICR 200605-1545-030

OMB: 1545-2020

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1545-2020 200605-1545-030
Historical Active
TREAS/IRS
Information Returns Required with Respect to Certain Foreign Corporations and Certain Foreign-Owned Domestic Corporations
New collection (Request for a new OMB Control Number)   No
Emergency 05/30/2006
Approved without change 06/06/2006
Retrieve Notice of Action (NOA) 05/26/2006
Since this approval does not cover a form, the response to item 7 on OMB Form 83-I should be removed in the next request for OMB approval of this information collection.
  Inventory as of this Action Requested Previously Approved
11/30/2006 11/30/2006
5,000 0 0
1,250 0 0
0 0 0

This document contains final and temporary regulations that provide guidance under section 6038 and 6038A of the Internal Revenue Code. The final regulations under Sec. 1.6038-2 are revised to remove and replace obsolete references to a form and IRS offices. The temporary regulations clarify the information required to be furnished regarding certain related party transactions of certain foreign corporations and certain foreign- owned domestic corporations. Specifically, in addition to the types of transactions listed in Sec. 1.6038-2(f)(11) taxpayers are required to report the sales of tangible property other than

None
None


No

1
IC Title Form No. Form Name
Information Returns Required with Respect to Certain Foreign Corporations and Certain Foreign-Owned Domestic Corporations TDXXXX, (RIN1545-BF-49), REG-109512-05

  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 0 0 5,000 0 0
Annual Time Burden (Hours) 1,250 0 0 1,250 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.
05/26/2006


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