U.S. Income Tax Return for Settlement Funds (Under Section 468B)

ICR 200310-1545-037

OMB: 1545-1394

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
ICR Details
1545-1394 200310-1545-037
Historical Active 200201-1545-011
TREAS/IRS
U.S. Income Tax Return for Settlement Funds (Under Section 468B)
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 10/29/2003
Retrieve Notice of Action (NOA) 10/29/2003
  Inventory as of this Action Requested Previously Approved
03/31/2005 03/31/2005 03/31/2005
1,000 0 1,000
26,880 0 26,920
0 0 0

Form 1120-SF is used by settlement funds to report income and taxes on earnings of the fund. The fund may be established by court order, a breach of contract, a violation of law, an arbitration panel, or the Environmental Protection Agency. The IRS uses Form 1120-SF to determine if income and taxes are correctly computed.

None
None


No

1
IC Title Form No. Form Name
U.S. Income Tax Return for Settlement Funds (Under Section 468B) 1120-SF

  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 1,000 1,000 0 0 0 0
Annual Time Burden (Hours) 26,880 26,920 0 -40 0 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.
10/29/2003


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