Form 1120, U.S. Corp. Income Tax Return, Schedule D, Capital Gains and Losses, Schedule H, Section 280H Limitations for a Personal Service Corporation (PSC), Schedule N, Foreign .........
ICR 200701-1545-044
OMB: 1545-0123
Federal Form Document
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1545-0123 can be found here:
Form 1120, U.S. Corp. Income
Tax Return, Schedule D, Capital Gains and Losses, Schedule H,
Section 280H Limitations for a Personal Service Corporation (PSC),
Schedule N, Foreign .........
No
material or nonsubstantive change to a currently approved
collection
Schedule O (Form 1120), Consent Plan
and Apportionment Schedule for a Controlled Group, was developed to
carry out the provisions reflected in the revisions to the
regulations under sections 1561 and 1563 and includes the
information formerly reported on Schedule J of Form 1120, or the
applicable tax computation schedule, and the previously required
attachment.
Sections 1561 and 1563 of the
Internal Revenue Code require the component members of a controlled
group to report the apportionment of taxable income, income tax,
and certain tax benefits. The schedule will be used by corporations
that are members of a controlled group to show the adoption,
amendment, or termination of an apportionment plan. It will also be
used to show the apportionment of taxable income, income tax, and
other tax benefits for members of the controlled group.
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Doris Williams 202
622-8192
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.