Form 1120 is used by corporations to
compute their taxable income and tax liability. Schedule D (Form
1120) is used by corporation to report gains and losses from the
sale of capital assets. Schedule PH (Form 1120) is used by personal
holding companies to figure the personal holding company tax under
section 541. Schedule (Form 1120) is used by personal service
corporations to determine if they have met the minimum distribution
requirements of section 280H. Schedule N (1120) is used by
corporations that have assets in or business operations in a
foreign country or a U.S. possession. The IRS uses these forms to
determine whether
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.