Justification Statement

F1120S_Justification Statement.doc

U.S. Income Tax Return for an S Corporation

Justification Statement

OMB: 1545-0130

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JUSTIFICATION STATEMENT

(Form 1120S)



Due to the “Major Changes” attached, the revision of Form 1120S, Instructions, and Schedules caused the following changes:


Form 1120S – Addition of 3 attachments and 39 code references; a deletion of 10 line items:

RESULTS: Program change increase +20,943,200 hours



Schedule D (Form 1120S) – Deletion of 3 attachments, addition of 10 code references and 3 line items:

RESULTS: Program change decrease -775,590 hours



Schedule K-1 (Form 1120S) – Deletion of 54 code references and 22 line items:

RESULTS: Program change decrease -85,170,820 hours



Schedule M-3 (Form 1120S) – Addition of 1 attachment, 8 code references and 16 line items:

RESULTS: Program change increase +176,400 hours



Schedule L (Form 1120S) – Deletion of 2 code references and 5 line items:

RESULTS: Program change decrease -2,025,000 hours




****Overall decrease of burden hours to 420,860,930 hours


File Typeapplication/msword
File TitleJUSTIFICATION STATEMENT
Author5pqgb
Last Modified By5pqgb
File Modified2007-12-21
File Created2007-12-21

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