This is a
conditional approval. please submit an addendum to the supporting
statement that provides an explanation for the program
changed,e.g., "Schedule X dropped, decreasing burden by Y hours."
The addendum is due within 6 months of the above approval date.
Upon receipt of the addendum the approval will be final unless you
are notified otherwise. Approval is for one year. For extension of
the 1981 form and approval of the 1982 form please provide detailed
description of purpose and need for each data element,
identification of any items that are not entered into the computer
and the consequence of not collecting these items except from audit
sample.
Inventory as of this Action
Requested
Previously Approved
12/31/1982
12/31/1982
12/31/1982
1,780,200
0
516,000
5,725,298
0
4,901,000
0
0
0
FORM 1120S, SCHEDULE D (FORM 1120S),
AND SCHEDULE K-1 (FORM 1120S) ARE USED BY A SUBCHAPTER S
CORPORATION TO FIGURE ITS TAXABLE INCOME, UNDISTRIBUTED TAXABLE
INCOME, AND OTHER TAX-RELATED IFORMATION. COPY OF SCHEDULE K-1
(FORM 1120S) IS GIVEN TO SHAREHOLDERS OF THE CORPORATI TO ASSIST
THEM IN PREPARING THEIR SEPARATE INCOME TAX RETURNS. IRS USES THE
INFORMATION TO DETERMINE THE CORRECT TAX.
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.