Cancellation of Debt

ICR 199908-1545-014

OMB: 1545-1424

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
18305 Migrated
ICR Details
1545-1424 199908-1545-014
Historical Active 199801-1545-034
TREAS/IRS
Cancellation of Debt
Extension without change of a currently approved collection   No
Regular
Approved without change 10/20/1999
Retrieve Notice of Action (NOA) 08/13/1999
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
11/30/2002 11/30/2002 10/31/1999
647,993 0 347,337
110,159 0 59,047
0 0 0

Form 1099-C is used for reporting canceled debt, as required by section 6050P of the Internal Revenue Code. It is used to verify that debtors are correctly reporting their income.

None
None


No

1
IC Title Form No. Form Name
Cancellation of Debt 1099-C

  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 647,993 347,337 0 0 300,656 0
Annual Time Burden (Hours) 110,159 59,047 0 0 51,112 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.
08/13/1999


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