FORM 1120 IS USED BY CORPORATIONS TO
REPORT THEIR INCOME SUBJECT TO TA AND COMPUTE THEIR CORRECT INCOME
TAX LIABILITY. SCHEDULE D (FORM 1120 IS USED BY CORPORATIONS TO
REPORT GAINS OR (LOSSES) FROM SALES OR EXCHANGES OF CAPITAL ASSETS
AND FIGURE THE ALTERNATIVE TAX. SCHEDULE PH (FORM 1120) IS USED BY
A PERSONAL HOLDING COMPANY TO COMPUTE ITS TAX. FOR THESE 3 FORMS,
THIS INFO. IS USED TO DETERM. THE TAXPAYER'S CORRECT TAX LIABILITY
AND FOR GENERAL STATISTICS 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.