Qualified Subchapter S Subsidiary Election

ICR 201003-1545-008

OMB: 1545-1700

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supplementary Document
2010-03-07
Supporting Statement A
2010-03-07
IC Document Collections
ICR Details
1545-1700 201003-1545-008
Historical Active 200612-1545-035
TREAS/IRS
Qualified Subchapter S Subsidiary Election
Extension without change of a currently approved collection   No
Regular
Approved without change 06/06/2010
Retrieve Notice of Action (NOA) 03/30/2010
  Inventory as of this Action Requested Previously Approved
06/30/2013 36 Months From Approved 06/30/2010
5,000 0 5,000
40,750 0 40,750
0 0 0

Effective for tax years beginning after December 31, 1996, Internal Revenue Code section 1361(b)(3) allows an S corporation to own a corporate subsidiary, but only if it is wholly owned. To do so, the parent S corporation must elect to treat the wholly owned subsidiary as a qualified subchapter S subsidiary (QSub). Form 8869 is used to make this election.

US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return information
  
None

Not associated with rulemaking

  74 FR 57394 11/05/2009
75 FR 14253 03/24/2010
No

1
IC Title Form No. Form Name
Qualified Subchapter S Subsidiary Election Form 8869 Qualified Subchapter S Subsidiary Election

  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 5,000 0 0 0 0
Annual Time Burden (Hours) 40,750 40,750 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$300
No
No
No
Uncollected
No
Uncollected
Patti Ghezzi 202 622-3403

  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.
03/30/2010


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