TD 9394 (REG-108524-00) (Final) - Section 1446 Regulations; Form 8804-C - Certificate of Partner-Level Items to Reduce Section 1446 Withholding

ICR 200904-1545-010

OMB: 1545-1934

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2009-04-16
Justification for No Material/Nonsubstantive Change
2009-04-16
Supplementary Document
2009-04-16
Justification for No Material/Nonsubstantive Change
2008-03-25
ICR Details
1545-1934 200904-1545-010
Historical Active 200807-1545-032
TREAS/IRS CB-1934-010
TD 9394 (REG-108524-00) (Final) - Section 1446 Regulations; Form 8804-C - Certificate of Partner-Level Items to Reduce Section 1446 Withholding
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 01/20/2010
Retrieve Notice of Action (NOA) 12/01/2009
  Inventory as of this Action Requested Previously Approved
11/30/2011 11/30/2011 11/30/2011
17,775 0 17,775
26,118 0 18,168
0 0 0

This regulations implements withholding regime on partnerships conducting business in the United States that have foreign partners. Such partners are required to pay withholding tax in installments on each foreign partner's allocable share of the partnership's U.S. Business taxable income. Special rules for publicly traded partnerships such that these partnerships pay withholding tax on distributions to foreign partners.

US Code: 26 USC 1446 Name of Law: Withholding tax on foreign partners' share of effectively connected income.
  
US Code: 26 USC 1446-6T Name of Law: Withholding tax on foreign partners' share of effectively connected income

Not associated with rulemaking

  73 FR 29178 05/20/2008
73 FR 55203 09/24/2008
No

  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 17,775 17,775 0 0 0 0
Annual Time Burden (Hours) 26,118 18,168 7,950 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Form 8804-C was converted from an annual form to a continuous-use form due to the limited filing population and because IRS does not anticipate any changes to Regulations section 1.1446-6 in the near future. These changes resulted in an addition of 2 line items and 20 code references. An additional 14 line items were added, due to an error in the previous computations. Burden hours were increased by 7,950 making the total burden hours 26,118.

$0
No
No
Uncollected
Uncollected
No
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.
12/01/2009


© 2024 OMB.report | Privacy Policy