Approved with
the understanding that OMB reserves the right to work to modify the
burden estimate for this form following further discussions with
the Department concerning the documentation of the burden changes.
You may omit printing the expiration date on this form. Also, you
may continue to use previous versions of this form. Remarks entered
November 5, 1990 - The inventory correction worksheet dated
November 1, 1990 is approved with the addition of a reference to
new form 8826 in the instruction section, "items you should
note."
Inventory as of this Action
Requested
Previously Approved
11/30/1992
11/30/1992
09/30/1991
200,000
0
200,000
2,382,000
0
84,760
0
0
0
IRC SECTION 38 PERMITS TAXPAYERS TO
REDUCE THEIR INCOME TAX LIABILITY BY THE AMOUNT OF THEIR GENERAL
BUSINESS CREDIT, WHICH IS AN AGGREGATIO OF THEIR INVESTMENT CREDIT,
JOBS CREDIT, ALCOHOL FUEL CREDIT, RESEARCH CREDIT, LOW-INCOME
HOUSING CREDIT, AND EMPLOYEE STOCK OWNERSHIP PLAN (ESOP) CREDITS.
FORM 3800 IS USED TO FIGURE THE CORRECT CREDIT.
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.