COMPUTATION OF TAX FOR CHILDREN UNDER AGE 14 WHO HAVE INVESTMENT INCOME OF MORE THAN $1,000

ICR 198907-1545-012

OMB: 1545-0998

Federal Form Document

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ICR Details
1545-0998 198907-1545-012
Historical Active 198808-1545-007
TREAS/IRS
COMPUTATION OF TAX FOR CHILDREN UNDER AGE 14 WHO HAVE INVESTMENT INCOME OF MORE THAN $1,000
Revision of a currently approved collection   No
Regular
Approved without change 10/03/1989
Retrieve Notice of Action (NOA) 07/07/1989
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
655,000 0 750,000
655,000 0 624,075
0 0 0

UNDER SECTION 1(I) OF THE IRC, CHILDREN UNDER AGE 14 WHO HAVE UNEARNED INCOME MAY BE TAXED ON PART OF THAT INCOME AT THEIR PARENT'S TAX RATE. FORM 8615 IS USED TO SEE IF ANY OF THE CHILD'S UNEARNED INCOME IS TAXE AT THE PARENT'S RATE AND, IF SO, TO FIGURE THE CHILD'S TAX ON HIS OR HER UNEARNED INCOME AND EARNED INCOME, IF ANY.

None
None


No

1
IC Title Form No. Form Name
COMPUTATION OF TAX FOR CHILDREN UNDER AGE 14 WHO HAVE INVESTMENT INCOME OF MORE THAN $1,000 8615

  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 655,000 750,000 0 107,518 -202,518 0
Annual Time Burden (Hours) 655,000 624,075 0 -35,000 65,925 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes

$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.
07/07/1989


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