Approved with
the following conditions: 1) the instructions for line G of
Schedule F will be clarified to make it easier for a tax payer to
determine whether the election applies to the taxpayer, and 2)
early in 1990 IRS will discuss with OMB ways in which the Form 1040
package can be improved for the 1990 tax year. We also note the
changes made at OMB's suggestion to page three of the instructions
restoring the useful section, "How To Use This Instruction
Booklet." Remarks added effective 03/15/90: Approved. You may omit
printing the expiration date on this form. Also, you may continue
to use previous versions of this form.
Inventory as of this Action
Requested
Previously Approved
09/30/1992
09/30/1992
09/30/1991
195,804,080
0
185,944,290
1,182,181,705
0
297,014,128
0
0
0
THESE FORMS ARE USED BY INDIVIDUALS TO
REPORT THEIR INCOME TAX AND COMPUTE THEIR CORRECT TAX LIABILITY.
THE DATA IS USED TO VERIFY THAT THE ITEMS REPORTED ON THE FORMS ARE
CORRECT. THE DATA IS ALSO USED FO GENERAL STATISTICAL
PURPOSES.
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.