Application for Change in Accounting Method

Forms and Documents

Document Name	Status
Form 3115 Application for Change in Accounting Method Form	Modified
3115.SUP.doc Supporting Statement A	2008-07-22
sch E burden.PDF Supplementary Document	2008-07-21
sch d burden.PDF Supplementary Document	2008-07-21
sch C burden.PDF Supplementary Document	2008-07-21
sch B burden.PDF Supplementary Document	2008-07-21
sch A burden.PDF Supplementary Document	2008-07-21
parts 2,3,4 burden.PDF Supplementary Document	2008-07-21
parts 1,2,4 burden.PDF Supplementary Document	2008-07-21
Expiration Explanation.rtf Supplementary Document	2008-07-21

IC Document Collections

IC ID	Document Title	Status
39640	Application for Change in Accounting Method Form	Modified

ICR Details

OMB Control No: 1545-0152	ICR Reference No: 200807-1545-028
Status: Historical Active	Previous ICR Reference No: 200603-1545-044
Agency/Subagency: TREAS/IRS	Agency Tracking No: ah-0152-028
Title: Application for Change in Accounting Method
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/31/2008
	Date Received in OIRA: 08/29/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2011	36 Months From Approved	10/31/2008
Responses	16,743	0	25,000
Time Burden (Hours)	929,066	0	925,900
Cost Burden (Dollars)	0	0	0

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Abstract: Form 3115 is used by taxpayers who wish to change their method of computing their taxable income. The form is used by the IRS to determine if electing taxpayers have met the requirements and are able to change to the method requested.

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Authorizing Statute(s): US Code: 26 USC 446(e) Name of Law: Requirement respecting change of accounting method.
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 18853	04/07/2008
30-day Notice:	Federal Register Citation:	Citation Date:
	73 FR 50667	08/27/2008
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Application for Change in Accounting Method	3115	Application for Change in Accounting Method

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ICR Summary of Burden

	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	16,743	25,000	0	0	-8,257	0
Annual Time Burden (Hours)	929,066	925,900	0	0	3,166	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Originally the total burden was cut by 1/3 to more accurately reflect the burden for business filers only. However, there was no accounting for the drop in filers. The current calculation more accurately reflects business burden by recalculating the number of business filers only.

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Annual Cost to Federal Government: $17,649

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 08/29/2008

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