Dollar Election Under Section 985

ICR 200706-1545-014

OMB: 1545-1189

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supplementary Document
2007-06-05
Supporting Statement A
2007-06-05
IC Document Collections
IC ID
Document
Title
Status
17929 Modified
ICR Details
1545-1189 200706-1545-014
Historical Active 200405-1545-017
TREAS/IRS ah-1189-014
Dollar Election Under Section 985
Extension without change of a currently approved collection   No
Regular
Approved without change 11/02/2007
Retrieve Notice of Action (NOA) 07/19/2007
  Inventory as of this Action Requested Previously Approved
11/30/2010 36 Months From Approved 11/30/2007
500 0 500
3,220 0 3,220
0 0 0

Form 8819 is filed by U.S. and foreign businesses to elect the U.S. dollar as their functional currency or as the functional currency of their controlled entities. The IRS uses Form 8819 to determine if the election is properly made.

US Code: 26 USC 985 Name of Law: Functional currency
  
None

Not associated with rulemaking

  72 FR 14644 03/28/2007
72 FR 39666 07/19/2007
No

1
IC Title Form No. Form Name
Dollar Election Under Section 985 8819 Dollar Election Under Section 985

  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 500 500 0 0 0 0
Annual Time Burden (Hours) 3,220 3,220 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$494
No
No
Uncollected
Uncollected
Uncollected
Uncollected
O. Stowbunenko 2022830020

  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.
07/19/2007


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