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 200712-1545-002
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⚠️ Notice: This information collection may be outdated.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.
US Code:
26
USC 6011 Name of Law: General requirement of return, statement,
or list
US Code: 26
USC 1561 Name of Law: Limitations on certain multiple tax
benefits in the case of certain controlled corporations
US Code: 26
USC 1563 Name of Law: Definitions and special rules
Changes to the form and
schedules to reduce redundancy and corrections to previous burden
computations resulted in a total burden decrease of 8,431,412
hours.
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Linda Burke 202
622-3092
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.