1120-IRC SECTIONS 6011 AND 6012
REQUIRE CORPORATIONS TO PREPARE AND FILE ANNUAL TAX RETURNS. FORM
1120 (REQUIRED BY REGULATIONS SECTION 1.6012-2(A)(3)) ENABLES A
CORPORATION TO REPORT THEIR INCOME SUBJECT TO TAX AND COMPUTE THEIR
CORRECT TAX LIABILITY. SCHD 1120-USED BY CORPORATIONS TO REPORT
GAINS OR (LOSSES) FROM SALES OR EXCHANGES OF OF CAPITAL ASSETS, AND
FIGURE THE ALTERNATIVE TAX. UNDER IRC SECTION 1201 IF A CORPORATION
HAS A NET CAPITAL GAIN, THEN IN LIEU OF THE
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.