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 .........

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form Schedule O (Form 1 Consent Plan and Apportionment Schedule for a Controlled Group	Form and Instruction	New	Available
IRC 1561[1].pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2007-01-31	Available
brdn_busi[1].pdf	Supplementary Document	Uploaded 2007-01-31	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
39552	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 .........	Other-Burden Computations	Modified
178529	Consent Plan and Apportionment Schedule for a Controlled Group	Form and Instruction	New

ICR Details

OMB Control No: 1545-0123	ICR Reference No: 200701-1545-044
Status: Historical Active	Previous ICR Reference No: 200610-1545-018
Agency/Subagency: TREAS/IRS	Agency Tracking No: LM-1545-0123-018
Title: 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 .........
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/05/2007
	Date Received in OIRA: 02/02/2007
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2010	01/31/2010	01/31/2010
Responses	4,957,967	0	4,807,967
Time Burden (Hours)	372,599,655	0	370,939,155
Cost Burden (Dollars)	0	0	0

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Abstract: 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.

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Authorizing Statute(s): None

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 44767	08/07/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 66365	11/14/2006
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

table that charts list of burden

IC Title	Form No.	Form Name
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 .........	Schedule H (Form 1120), 1120, Schedule M-3	Net Income (Loss) Reconcillation for Corporations With Total Assets of $10 Million or More ,   U.S. Corporation Income Tax Return ,   Section 280 H Limitations for a Personal Services Corporation (PSC)
Consent Plan and Apportionment Schedule for a Controlled Group	Schedule O (Form 1120)	Consent Plan and Apportionment Schedule for a Controlled Group

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ICR Summary of Burden

table that charts list of burden

	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	4,957,967	4,807,967	0	150,000	0	0
Annual Time Burden (Hours)	372,599,655	370,939,155	0	1,660,500	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: 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.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 02/02/2007

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