2011_SCH_I_1120-F_Summary of Change

IRS - OMB REVIEW REQUEST FORM
Request for OMB review of currently approved document:
Date:

Name: Emebeth

08/25/2011

Demrew

Office Symbols: SE:W:CAR:MP:T:B:C
Phone Number:

202-927-9565

Summary of Changes
This submission is for 2011 Form 1120-F (Schedule I) and its instructions.
Form 1120-F (Schedule I), Interest Expense Allocation Under Regulations Section 1.882-5 is filed by foreign
corporations that are engaged (or treated as engaged) in a trade or business within the United States at any time
during the tax year.
At the request of LB&I, we have added new line 3c which requires filers to attach a schedule that describes each type
of "other non-ECI assets" included on this line. The instructions require filers to show the calculation of the amount
included on line 3c for that type, including a total for each type.
This change has been approved by Associate Chief Counsel (International).
We estimate no changes in the number for filers of the Form 1120-F (Schedule I) for tax year 2011 and we expect
minimal changes to burden hours.

Impact on Approved Collection
Public
Law No.

Regulation
No.

Other

Change In IRS Form
& Instructions
No. of Filers
Words

Code
References
SAMPLE:
PL 109-567

REG-345675-08

1.864-4(c)(5)(

RP 2009-134

+/- 5

+/- 20,000

+/- 500

Attachments

+/- 1

0

0
0

*Please insert how this new (PL, REG, or other), document will affect the currently approved collection.