Limitation on Reduction in Income Tax Liability Incurred to the Virgin Islands (TD 6629)

ICR 201911-1545-016

OMB: 1545-0782

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2019-11-20
ICR Details
1545-0782 201911-1545-016
Active 201610-1545-024
TREAS/IRS
Limitation on Reduction in Income Tax Liability Incurred to the Virgin Islands (TD 6629)
Extension without change of a currently approved collection   No
Regular
Approved without change 02/05/2020
Retrieve Notice of Action (NOA) 12/27/2019
  Inventory as of this Action Requested Previously Approved
02/28/2023 36 Months From Approved 02/29/2020
500 0 500
185 0 185
0 0 0

The Tax Reform Act of 1986 repealed the mandatory reporting and recordkeeping requirements of section 934(d)(1954 Code). The prior exception to the general rule of section 934 (1954 Code) to prevent the Government of the U.S. Virgin Islands from granting tax rebates with regard to taxes attributable to income derived from sources within the U.S. was contingent upon the taxpayer's compliance with the reporting requirements of section 934(d).

US Code: 26 USC 1444 Name of Law: Withholding on Virgin Islands Source Income
   US Code: 26 USC 934 Name of Law: Limitation on reduction in income tax liability incurred to the Virgin Islands
  
None

Not associated with rulemaking

  84 FR 37009 07/30/2019
84 FR 70269 12/20/2019
No

1
IC Title Form No. Form Name
(TD 6629 - Final) Limitation on Reduction in Income Tax Liability Incurred to the Virgin Islands

  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 500 500 0 0 0 0
Annual Time Burden (Hours) 185 185 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    Yes
    No
No
No
No
Uncollected
Carl Cooper 202 622-3840

  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.
12/27/2019


© 2024 OMB.report | Privacy Policy