APPLICATION FOR CHANGE IN ACCOUNTING PERIOD

Forms and Documents

Document Name	Status

No forms / supporting documents in this ICR. Check IC Document Collections.

IC Document Collections

IC ID	Document Title	Status
128777	APPLICATION FOR CHANGE IN ACCOUNTING PERIOD Form	Migrated

ICR Details

OMB Control No: 1545-0134	ICR Reference No: 198107-1545-036
Status: Historical Active	Previous ICR Reference No: 198104-1545-134
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: APPLICATION FOR CHANGE IN ACCOUNTING PERIOD
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/01/1981
	Date Received in OIRA: 07/30/1981
Terms of Clearance: Any request for extension of this approval is to be accompanied by an analysis showing how each data element has been used in the determination process and how many applications were rejected on the basis of any one or combination of data elements. This analysis shall cover at least a full calendar year.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/1982	07/31/1982	12/31/1981
Responses	26,000	0	9,000
Time Burden (Hours)	32,079	0	7,000
Cost Burden (Dollars)	0	0	0

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Abstract: USED BY TAXPAYERS WHEN PRIOR APPROVAL OF A CHANGE OF ACCOUNTING PERIOD IS REQUIRED. THE FORM MUST BE FILED ON OR BEFORE THE 15TH DAY OF THE 2ND CALENDAR MONTH FOLLOWING THE CLOSE OF THE TAXABLE PERIOD AFFECTED BY THE CHANGE. IRC SECTION 412(C)(5) AND 442, AND REGS. SECTIONS 1.442-1(B) AND 1.1502-76 REQUIRE THE TAXPAYER TO HAVE APPROVAL OF THE SECRETARY TO CHANGE HIS OR HER ANNUAL ACCOUNTING PERIOD.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
APPLICATION FOR CHANGE IN ACCOUNTING PERIOD	1128

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ICR Summary of Burden

	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	26,000	9,000	0	651	16,349	0
Annual Time Burden (Hours)	32,079	7,000	0	961	24,118	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 07/30/1981

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