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 COMPU ITS TAX. FOR THESE THREE FORMS,
THIS INFORMATION IS USED TO DETERMINE 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.