Per its
pre-existing agreement with IRS, OMB's approval of the U.S.
Individual Income Tax Return and associated forms is extended until
April 30, 2010. IRS shall submit its next request for an extension
of OMB approval before the expiration date, and continue to do so
on an annual basis.
Inventory as of this Action
Requested
Previously Approved
04/30/2010
36 Months From Approved
09/30/2009
140,600,000
0
153,120,529
3,703,000,000
0
3,789,792,628
29,336,000,000
0
28,579,262,364
These forms and schedules are used by
individuals to report their income tax liability. IRS uses the data
collected on these forms and their schedules to compute tax
liability and determine that the items claimed are properly
allowable. This information is also used for general statistical
purposes.
The forms and schedules under
this approval number are used by individuals to report their
individual income tax liability. IRS uses the data collected on
these forms and their schedules to compute tax liability and
determine that the items claimed are properly allowable. Changes to
the Internal Revenue Code required various modifications throughout
the information collections approved under this ICR. Some key
changes to the tax code resulted in a reduction in responses and
burden. Examples include: · Expiration of Individual Tax Rebates
Issued under the Economic Stimulus Act of 2008: Rebates issued to
individual U.S. taxpayers for tax year 2008 are no longer in
effect. · Increase in the Alternative Minimum Tax (AMT) 2008
exemption amount: The exemption amount of the alternative minimum
tax increased to $46,200 ($69,950 if married filing jointly or a
qualifying widow(er); $34,975 if married filing separately). Some
key changes to the tax code also resulted in an increase in
responses and burden. Examples include: · Rebate Credit Issued
under the American Recovery and Reinvestment Act of 2009: The
credit, determined similar to the 2008 economic stimulus payment,
offers a maximum credit of $600 ($1,200 if married filing jointly)
plus $300 for each qualifying child. · First-time homebuyer credit
offered under the Housing and Economic Recovery Act of 2008:
Individuals who bought a primary home after April 8, 2008, and
before July 1, 2009, and did not own a primary home during the
prior 3 years, are eligible to take the credit. · Expansion of IRA
deductions: Individuals and their spouse, if filing jointly, each
may be able to deduct up to $5,000 ($6,000 if age 50 or older at
the end of the year). While some changes to the tax code increased
both annual burden and number of responses, overall tax code
changes, driven in large part by the expiration of the 2008
Economic Stimulus credit, led to a 12,300,000 decrease in estimated
annual responses and 96,700,000 decrease in burden hours. Other
changes were made throughout the information collections approved
under this approval number to simplify the processing and the
accuracy of the data collected. For example: · Updated standard
mileage rates The standard mileage rates changed for 2008 and
many forms were updated as necessary to reflect these changes and
enable proper reporting by the taxpayers. · Paid preparers may be
required to sign Schedule H (Form 1040) A paid preparer must sign
the Schedule H and provide the requested information if the
preparer was paid for the preparation of the schedule and was not
the taxpayers employee. While these, and other modifications,
resulted in a decrease in the estimated number of responses by
43,829, the overall changes increased the total estimated annual
burden by 15,807,372 total hours. Finally, some modifications were
made to the methodology to better reflect current taxpayer trends
and filing needs. These modifications reflect a more accurate
accounting of burden using todays technological advantages. The
result of these modifications is a decrease of 176,700 estimated
responses and a decrease in burden by 5,900,000 hours. The combined
result of the various changes made to the ICs approved under this
approval number is a total decrease of 12,520,529 estimated
responses and a total burden decrease of 86,792,628 hours compared
to the burden previously approved by OMB.
$15,000,000
No
No
Uncollected
Uncollected
No
Uncollected
Kevin Coulter 202
283-0114
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.