Election to be treated as an Interest Charge DISC

ICR 200907-1545-019

OMB: 1545-0190

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supplementary Document
2009-07-23
Supplementary Document
2009-07-23
Supporting Statement A
2009-07-23
IC Document Collections
ICR Details
1545-0190 200907-1545-019
Historical Active 200605-1545-020
TREAS/IRS ah-0190-019
Election to be treated as an Interest Charge DISC
Extension without change of a currently approved collection   No
Regular
Approved without change 09/09/2009
Retrieve Notice of Action (NOA) 07/29/2009
  Inventory as of this Action Requested Previously Approved
09/30/2012 36 Months From Approved 09/30/2009
1,000 0 1,000
6,360 0 6,360
0 0 0

A domestic corporation and its shareholders must elect to be an interest charge domestic international sales corporation (IC- DISC). Form 4876-A is used to make the election. IRS uses the information to determine if the corporation qualifies to be an IC-DISC.

US Code: 26 USC 991 Name of Law: Taxation of domestic international sales corporation.
   US Code: 26 USC 995(f) Name of Law: Interest on DISC related deferred tax liability
  
None

Not associated with rulemaking

  74 FR 15060 04/02/2009
74 FR 37768 07/29/2009
No

1
IC Title Form No. Form Name
Election to be Treated as an Interest Charge DISC 4876-A Election T Be Treated as an Interest Charge DISC

  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 1,000 1,000 0 0 0 0
Annual Time Burden (Hours) 6,360 6,360 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$100
No
No
Uncollected
Uncollected
No
Uncollected
Oksana Stowbunenko 202 622-0020

  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.
07/29/2009


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