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

Forms and Documents
Document
Name
Status
Form
Modified
Supplementary Document
2007-12-04
Supplementary Document
2007-12-04
Supplementary Document
2007-12-04
Supplementary Document
2007-12-04
Supplementary Document
2007-12-04
Supplementary Document
2007-12-04
Supplementary Document
2007-12-04
Supplementary Document
2007-12-04
Supplementary Document
2007-12-04
Supplementary Document
2007-12-04
Justification for No Material/Nonsubstantive Change
2007-01-31
ICR Details
1545-0123 200712-1545-002
Historical Active 200701-1545-044
TREAS/IRS LM-1545-0123-018
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   No
Regular
Approved without change 12/31/2007
Retrieve Notice of Action (NOA) 12/17/2007
  Inventory as of this Action Requested Previously Approved
01/31/2010 01/31/2010 01/31/2010
4,957,967 0 4,957,967
364,168,243 0 372,599,655
0 0 0

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
  
None

Not associated with rulemaking

  71 FR 44767 08/07/2006
71 FR 66365 11/14/2006
No

  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 4,957,967 0 0 0 0
Annual Time Burden (Hours) 364,168,243 372,599,655 0 -8,431,412 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
Yes
Changing Forms
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.
12/17/2007


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