TD 9452; Application of Separate Limitations to Dividends From Noncontrolled Section 902 Corporations

ICR 200912-1545-018

OMB: 1545-2014

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2009-12-23
ICR Details
1545-2014 200912-1545-018
Historical Active 200610-1545-012
TREAS/IRS
TD 9452; Application of Separate Limitations to Dividends From Noncontrolled Section 902 Corporations
Extension without change of a currently approved collection   No
Regular
Approved without change 02/09/2010
Retrieve Notice of Action (NOA) 12/31/2009
  Inventory as of this Action Requested Previously Approved
02/28/2013 36 Months From Approved 02/28/2010
50 0 50
25 0 25
0 0 0

The American Jobs Creation Act of 2004 amended the foreign tax credit treatment of dividends from non-controlled section 902 corporations effective for post 2002 tax year and the GOZA permitted taxpayers to elect to defer the effective date of these amendments until post 2002 tax years. These regulations require a taxpayer making the GOZA election to file a statement to such effect with its next tax return, and they require certain shareholders wishing to make tax elections on behalf of their controlled foreign corporations or non-controlled section 902 corporations to execute a joint consent (that is retained by one shareholder) and attach a statement to the company's return.

US Code: 26 USC 904(d)(4) Name of Law: Limitation on credit
  
None

Not associated with rulemaking

  74 FR 39733 08/07/2009
74 FR 69377 12/31/2009
No

1
IC Title Form No. Form Name
TD 9452; Application of Separate Limitations to Dividends From Noncontrolled Section 902 Corporations

  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 50 50 0 0 0 0
Annual Time Burden (Hours) 25 25 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
No
Uncollected
Ginny Chung 202 622-3850

  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.
12/31/2009


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