Justification Statement
(Form 1045)
November 2, 2007
DESCRIPTION OF MAJOR CHANGES FOR 2007 FORM 1045, APPLICATION FOR TENTATIVE REFUND
The year is updated appropriately throughout the form and instructions.
On page 1, changed page reference in address lines from page 3 to 2.
On page 2, line 1, deleted text that reflects the Katrina housing exemption. PL 109-73, Section 302, expired 12/31/06.
On page 3, lines 2 and 3, changed page reference to the instructions from page 7 to page 6.
On page 3, line 8, updated line reference to conform to 2006 Form 8914.
On page 4, line 35, we added the itemized deductions limitation amount for 2006 per Rev. Proc. 2006-53 and deleted the 1996 amount.
DESCRIPTION OF MAJOR CHANGES TO THE 2007 INSTRUCTIONS FOR FORM 1045, APPLICATION FOR TENTATIVE REFUND
Under Definitions, deleted text that discusses the treatment of certain timber losses as being attributable to a farming business if located in the GO Zone, Rita GO Zone, or Wilma GO Zone. IRC Section 1400N(i)(5)(A)(ii).
In the Itemized Deductions Limitation Worksheet, the dollar amounts have been revised per Rev Proc. 2006-53.
Added 3 new lines to the Itemized Deductions Limitation Worksheet because any 2006 carryback year is affected by IRC 68(f).
***The above changes, in addition to an oversight of uncounted lines from the worksheet, resulted in the following: an addition of 28 line items, 3 other records, and 2,105 words and a deletion of 4 code references. This revision caused an increase in burden hours to 660,244.
| File Type | application/msword |
| File Title | OMB Justification |
| Author | 5pqgb |
| Last Modified By | 5pqgb |
| File Modified | 2007-11-06 |
| File Created | 2007-11-06 |