This request for
clearance is approved for use through September 1982. OMB will
extend the clearance is the Department requests an extension and
also request approval of tax year 1982 forms by April 15, 1982.
This request is to be based on the assumption that there will be no
legislative changes affecting tax year l982 beyond those now
existing. The supporting statement is to provide a justification of
each line on the 1040 and on each associated schedule with specific
statutory notation. It is also to describe how the IRS uses each
data element, whether the datum is entered into the computer, and
the consequence of not receiving the datum from all taxpayers. The
justification is to provide an analysis of alternative approaches
to collecting the data including collecting the data from only
those selected for potential audit. It shall also discuss the
consequences to having those selected for audit only provide the
documentation supporting their claim in such form as they may have
it assembled for their own purposes. The analysis is to consider
both the potential revenue consequences of each alternative and the
savings or cost to the government by reason of processing and
storing less paper and the savings to the public by reason of being
allowed to transfer totals from their accounting systems and/or
worksheets directly to the basic tax form. That form should be
designed to capture all of the needed totals. The Expiration date
for this approval need not be printed on the tax year 1981
form.
Inventory as of this Action
Requested
Previously Approved
12/31/1982
12/31/1982
12/31/1982
145,101,000
0
56,043,000
268,288,662
0
149,000,000
0
0
0
IRC SECTIONS 6011 AND 6012 REQUIRE
INDIVIDUALS TO FILE INCOME TAX RETURNS ANNUALLY. FORMS 1040 AND
RELATED SCHEDULES ARE USED TO REPORT INCOME SUBJECT TO TAX AND
COMPUTE THE TAX LIABILITY. THE DATA IS USED TO VERIFY THAT ITEMS ON
THE FORMS ARE CORRECT AND FOR GENERAL STATISTICAL USE.
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.
U.S. INDIVIDUAL INCOME TAX RETURN AND RELATED SCHEDULES REPORTING BUSINESS, FARM, AND OTHER INCOME AND EXPENSES, SOCIAL SECURITY TAX, ETC.