Justification Statement of Changes

Summary of Changes 1120-F.pdf

U.S. Income Tax Return of a Foreign Corporation

Justification Statement of Changes

OMB: 1545-0126

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IMPLEMENTATION PLAN for 1120F INST
Run by User SD_8R7DB

February 8, 2008

Page 2 of 3

PL 110-28, U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability
Appropriations Act
Action
Number
66.00125

Act
Section

IRC
Section

8214

Description of Action
Revise product to reflect the credits allowed against the AMT.

Date Type Effective Date Target Date Actual Date
TYBA

31-DEC-2006 03-DEC-2007

P.L. 109-280, Pension Protection Act of 2006
Action
Number

Act
Section

IRC
Section

Description of Action

Date Type Effective Date Target Date Actual Date

66.00013

1202

170

Revise product to reflect that the modification of charitable deduction of
food inventory has been extended.

A

31-DEC-2005 04-DEC-2007

66.00025

1202

170

Revise product to reflect that the modification of charitable deduction of
food inventory ended at the end of 2007.

A

31-DEC-2007 31-DEC-2008

66.00086

1204

170

Revise product to reflect that the modification of charitable deduction of
book inventory has been extended.

A

31-DEC-2005 04-DEC-2007

66.00093

1204

170

Revise product to reflect that the modification of charitable deduction of
book inventory ended at the end of 2007.

A

31-DEC-2007 31-DEC-2008

66.00110

1206

170

Revise product to reflect that the change to the limits for contributions
of capital gain real property made for conservation purposes does not
apply after 2007.

TYBA

31-DEC-2007 31-DEC-2008

P.L. 109-135, Gulf Opportunity Zone Act of 2005
Action
Number

Act
Section

IRC
Section

Description of Action

Date Type Effective Date Target Date Actual Date

66.00159

101

1400N(j)

Revise the product to reflect termination of the special treatment of GO
Zone public utility casualty losses.

TYEA

27-AUG-2005 04-DEC-2007

66.00161

101

1400N(f)

Revise the product to reflect termination of expensing certain GO Zone
demolition and clean-up costs.

PMA

27-AUG-2005 04-DEC-2008

66.00162

101

1400N(i)

Revise the product to reflect termination of increased expensing for
reforestation expenses of small timber producers.

PMA

27-AUG-2005 04-DEC-2008

66.00164

101

1400N(k)

Revise the product to reflect termination of 5-year NOL carryback of
losses attributable to GO Zone losses.

TYEA

27-AUG-2005 04-DEC-2008

IMPLEMENTATION PLAN for 1120F INST
Run by User SD_8R7DB

February 8, 2008

Page 3 of 3

P.L. 109-432, Tax Relief and Health Care Act of 2006
Action
Number

Act
Section

IRC
Section

Description of Action

Date Type Effective Date Target Date Actual Date

66.00038

105

Revise product to reflect expiration of the Work Opportunity Credit for
wages paid after December 31, 2007.

A

31-DEC-2005 03-DEC-2008

66.00053

105

Revise product to reflect that Form 8861 cannot be filed for TY
beginning after December 31, 2008.

A

31-DEC-2006 03-DEC-2009

66.00069

111

Revise product to reflect expiration of the Indian Employment credit fot
tax years beginning after december 31, 2007.

TYBA

31-DEC-2005 03-DEC-2008

66.00112

405

Revise product to reflect expiration of mine rescue team training credit.

TYBA

31-DEC-2005 03-DEC-2009

45N

P.L. 109-58, Energy Tax Incentives Act of 2005
Action
Number

Act
Section

IRC
Section

Description of Action

Date Type Effective Date Target Date Actual Date

66.00348

1332

45L

Revise product to reflect the termination of the energy efficient home
credit.

A

31-DEC-2005 28-NOV-2007

66.00354

1342

30C

Revise product to reflect the termination of the alternative fuel vehicle
refueling property credit.

PPSA

31-DEC-2005 28-NOV-2014

66.00357

1344

40A

Revise product to reflect the termination of the biodiesel and
renewable diesel credit.

DOE

08-AUG-2005 28-NOV-2008

66.00362

1348

179A

Revise product to reflect the sunset of the deduction for clean-fuel
vehicles and certain refueling property.

PPSA

31-DEC-2005 28-NOV-2005

66.00402

1331

179D

Revise product to reflect sunset of the energy efficient commercial
building deduction for property placed in service after 12/31/07.

PPSA

31-DEC-2005 28-NOV-2007

Total Action Items: 19


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File TitleForm 1725 (Rev. 7-2004)
SubjectRouting Slip
Authorefcoll07
File Modified2008-02-24
File Created2008-02-24

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