IRC SECTION 446(E) PROVIDES THAT A
TAXPAYER WHO CHANGES HIS METHOD OF ACCOUNTING SHALL SECURE CONSENT
FROM THE SECRETARY BEFORE COMPUTING HIS TAXABLE INCOME UNDER THE
NEW METHOD. THIS FORM IS USED TO APPLY FOR PERMISSION TO CHANGE
METHODS, AND THE INFORMATION OBTAINED IS USED TO DETERMINE WHETHER
PERMISSION TO CHANGE SHOULD BE GRANTED.
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.