FORM 4797 REFLECTS IRC SECTIONS
1231-1255. IT IS USED BY TAXPAYERS TO REPORT SALES, EXCHANGES OR
INVOLUNTARY CONVERSIONS OF ASSETS, OTHER THAN CAPITAL ASSETS, AND
INVOLUNTARY CONVERSIONS OF CAPITAL ASSITS HELD MORE THAN ONE YEAR.
IT IS ALSO USED TO COMPUTE ORDINARY INCOME FROM RECAPTURE. THE
INFORMATION OBTAINED IS NECESSARY TO DETERMINE THE TAXPAYER'S
CORRECT TAX LIABILITY.
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.