Election to Have a Tax Year Other Than a Required Tax Year

ICR 201007-1545-047

OMB: 1545-1036

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2010-07-28
Supplementary Document
2010-07-19
Supplementary Document
2010-07-19
IC Document Collections
ICR Details
1545-1036 201007-1545-047
Historical Active 200704-1545-013
TREAS/IRS LM-1545-1036-013
Election to Have a Tax Year Other Than a Required Tax Year
Extension without change of a currently approved collection   No
Regular
Approved without change 09/23/2010
Retrieve Notice of Action (NOA) 07/29/2010
  Inventory as of this Action Requested Previously Approved
09/30/2013 36 Months From Approved 09/30/2010
40,000 0 40,000
204,400 0 204,400
0 0 0

Form 8716 is filed by partnerships, S Corporations, and personal service corporations, under section 444(a), to elect to retain or to adopt a tax year that is not a required tax year. The form provides the IRS with information to determine that the section 444(a) election is properly made and identifies the tax year to be retained, changed, or adopted.

US Code: 26 USC 444 Name of Law: Election of taxable year other than required taxable year
   US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return
  
None

Not associated with rulemaking

  75 FR 11994 03/12/2010
75 FR 44308 07/28/2010
No

1
IC Title Form No. Form Name
Election to Have a Tax Year Other Than a Required Tax Year 8716 Election to Have a Tax Year Other Than a Required Tax Year

  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 40,000 40,000 0 0 0 0
Annual Time Burden (Hours) 204,400 204,400 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$601
No
No
No
Uncollected
No
Uncollected
John Nelson 202 927-9488

  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.
07/29/2010


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