U.S. Income Tax Return for an S Corporation; Capital Gains and Credits, Deductions, etc.

ICR 199711-1545-022

OMB: 1545-0130

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
ICR Details
1545-0130 199711-1545-022
Historical Active 199708-1545-001
TREAS/IRS
U.S. Income Tax Return for an S Corporation; Capital Gains and Credits, Deductions, etc.
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 11/26/1997
Retrieve Notice of Action (NOA) 11/26/1997
  Inventory as of this Action Requested Previously Approved
09/30/2000 09/30/2000 09/30/2000
7,353,000 0 7,353,000
455,133,990 0 447,386,680
0 0 0

Form 1120S, schedule D (form 1120S), and schedule K-1 (form 1120S) are used by an S corporation to figure its tax liability and income and other tax-related information to pass through to its shareholders. Schedule K-1 is used to report to shareholders their share of the corporation's income, deductions, credits, etc. IRS uses the information to determine the correct tax for the S corporation and its shareholders.

None
None


No

1
IC Title Form No. Form Name
U.S. Income Tax Return for an S Corporation; Capital Gains and Credits, Deductions, etc. 1120S, SCHED.-D, SCHED.-K-1

  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 7,353,000 7,353,000 0 0 0 0
Annual Time Burden (Hours) 455,133,990 447,386,680 0 7,747,310 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
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.
11/26/1997


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