Approved subject to the substitution of the following language introducing codes for principal activity: "these codes for principal activity are designed to classify enterprises to facilitate the administration of the Internal Revenue Code. Though similar in format and structure to the Standard Industrial Classification (SIC), they should not be used as SIC codes.
Inventory as of this Action
Requested
Previously Approved
06/30/1991
06/30/1991
10/31/1988
3,875
0
11,000
12,490
0
21,903
0
0
0
FORM 5713 AND ITS RELATED SCHEDULES A, B, AND C ARE USED BY PERSONS WHO HAVE OPERATIONS IN A "BOYCOTTING" COUNTRY. IF THAT PERSON COOPERTES OR PARTICIPATES IN THE BOYCOTT, HE OR SHE LOSES A PORTION OF THE FOREIGN TAX CREDIT, THE DEFERRAL OF INCOME UNDER SUBPART F, DISC BENEFITS, OR FSC BENEFITS. IRS USES FORM 5713 TO DETERMINE IF ANY OF THE ABOVE TAX BENEFITS SHOULD BE LOST THE INFORMATION IS ALSO USED AS THE BASIS OF A REPORT TO CONGRESS.
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.