WINDFALL PROFIT TAX

ICR 198403-1545-022

OMB: 1545-0222

Federal Form Document

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
129381 Migrated
ICR Details
1545-0222 198403-1545-022
Historical Active 198309-1545-002
TREAS/IRS
WINDFALL PROFIT TAX
Revision of a currently approved collection   No
Regular
Approved without change 04/05/1984
Retrieve Notice of Action (NOA) 03/21/1984
  Inventory as of this Action Requested Previously Approved
01/31/1985 01/31/1985 01/31/1985
40,000 0 40,000
188,762 0 188,762
0 0 0

SECTION 4986 OF THE INTERNAL REVENUE CODE IMPOSES AN EXCISE TAX ON THE WINDFALL PROFIT DERIVED ON DOMESTC OIL PRODUCTION. FORM 6047 IS THE FORM PURCHASERS OF DOMESTIC OIL USE TO REPORT THE WINDFALL PROFIT ON THE OIL AND WINDFALL PROFIT TAX. IRS USES FORM 6047 TO ASCERTAIN WHETHER THE WINDFALL PROFIT AND THE WINDFALL PROFIT TAX HAVE BEEN CORRECTLY COMPUTED.

None
None


No

1
IC Title Form No. Form Name
WINDFALL PROFIT TAX 6047

  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 40,000 40,000 0 0 0 0
Annual Time Burden (Hours) 188,762 188,762 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

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.
03/21/1984


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