Agency modified
supporting statement to better account for burden reduction
changes. 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, 2012. 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
04/30/2012
36 Months From Approved
11/30/2011
146,700,000
0
143,400,000
2,701,000,000
0
2,431,000,000
35,193,000,000
0
31,543,000,000
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.
US Code:
26
USC 6039G Name of Law: Information on Individuals Losing United
States Citizenship
US Code: 26
USC 6031 Name of Law: Return of Partnership Income
US Code: 26
USC 6038 Name of Law: Information Reporting with Respect to
Certain Foreign Corporations and Partnerships
US Code: 26
USC 1211 Name of Law: Limitation on Capital Losses
US Code: 26
USC 1212 Name of Law: Capital Loss Carrybacks and
Carryovers
US Code: 26
USC 1221 Name of Law: Capital Asset Defined
US Code: 26
USC 1222 Name of Law: Other Terms Relating to Capital Gains and
Losses
US Code: 26
USC 1223 Name of Law: Holding Period of Property
US Code: 26
USC 1231 Name of Law: Property Used in the Trade or Business
and Involuntary Conversions
US Code: 26
USC 6011 Name of Law: General Requirement of Return, Statement,
or List
US Code: 26
USC 6012 Name of Law: Persons Required to Make Returns of
Income
US Code: 26
USC 6096 Name of Law: Designation by Individuals
US Code: 26
USC 6038B Name of Law: Notice of Certain Transfers or Foreign
Presons
US Code:
26 USC 367(e)(2) Name of Law: Liquidation under Section 332
US Code: 26
USC 108(a) Name of Law: Exclusion from Gross Income
US Code: 26 USC
67 Name of Law: Two Percent Floor on Miscellaneous Itemized
Deductions
US Code: 26
USC 163 Name of Law: Interest
US Code: 26
USC 164 Name of Law: Taxes
US Code: 26
USC 165 Name of Law: Losses
US Code: 26
USC 170 Name of Law: Charitable, etc. Contributions and
Gifts
US Code: 26
USC 211 Name of Law: Allowance of Deductions
US Code: 26
USC 212 Name of Law: Expenses for Production of Income
US Code: 26
USC 213 Name of Law: Medical, Dental, etc. Expenses
US Code: 26
USC 1233 Name of Law: Gains and Losses from Short Sales
US Code: 26 USC
32 Name of Law: Earned Income
US Code: 26
USC 3510 Name of Law: Coordination of Collection of Domestic
Service Employment Taxes within Collection of Income Taxes
US Code: 26
USC 1301 Name of Law: Averaging Farm Income
US Code: 26
USC 1402 Name of Law: Definitions
US Code: 26
USC 1202 Name of Law: Partial Exclusion for Gain from Certain
Small Business Stock
US Code: 26
USC 6038B Name of Law: Notice of Certain Transfers to Foreign
Persons
US Code: 26
USC 6046A Name of Law: Returns as to Interest In Foreign
Partnerships
US Code: 26
USC 45E Name of Law: Small Employer Pension Plan Startup
Costs
US Code: 26
USC 45L Name of Law: New Energy Efficient Home Credit
PL:
Pub.L. 109 - 432 101 Name of Law: Tax Relief and Health Care
Act of 2006
US Code: 26
USC 631(a) Name of Law: Election to Consider Cutting as a Sale
or Exchange
US Code: 26
USC 631(b) Name of Law: Disposal of Timber
US Code: 26
USC 6402 Name of Law: Authority to Make Credits or Refunds
US Code: 26
USC 6404 Name of Law: Abatements
US Code: 26
USC 6511 Name of Law: Limitations on Credit or Refund
US Code: 26
USC 222 Name of Law: Qualified Tuition and Related Expenses
US Code: 26 USC
68 Name of Law: Overall Limitation on Itemized Deducation
PL:
Pub.L. 91 - 508 609 Name of Law: The Fair Credit Reporting
Act
US Code: 26
USC 217 Name of Law: Moving Expenses
US Code: 26 USC
61 Name of Law: Gross Income Defined
US Code: 26
USC 1201 Name of Law: Alternative Tax for Corporations
US Code: 26
USC 6411 Name of Law: Tenative Carryback and Refund
Adjustments
US Code: 26
USC 6654 Name of Law: Failure by Individual to Pay Estimated
Income Tax
US Code: 26
USC 179 Name of Law: Election to Expense Certain Depreciable
Business Assets
US Code:
26 USC 280F(b)(2) Name of Law: Recapture
US Code: 26 USC
72 Name of Law: Annuities; Certain Proceeds of Endowment and
Life Insurance Contracts
US Code: 26
USC 6058 Name of Law: Information Required in Connection With
Certain Plans of Deferred Compensation
US Code: 26
USC 219 Name of Law: Retirement Savings
US Code: 26
USC 408 Name of Law: Individual Retirement Accounts
US Code: 26
USC 964(a) Name of Law: Earnings and Profits
US Code: 26
USC 986(b) Name of Law: Earnings and Profits Distributions
US Code: 26
USC 1256 Name of Law: Section 1256 Contracts Marked to
Market
US Code: 26
USC 1092 Name of Law: Straddles
US Code:
26 USC 1298(b)(1) Name of Law: Time for Determination
US Code: 26
USC 1291 Name of Law: Section 1291 Interest on Tax Deferral
US Code: 26
USC 367(a) Name of Law: Transfers of Property from the United
States
PL: Pub.L. 110 - 343 702(d), 202 Name of Law:
Emergency Economic Stabilization Act of 2008
PL: Pub.L. 111 - 5 1008, 1001, 2202 Name of Law: American Recovery
and Reinvestment Act
Form 1040, Schedule E (Form 1040), Form 1040 ES-OTC, Form 8925,
Form 8932, Form 8885, Form 8886, Form 8910, Form 8919, Form 8903,
Form SS-8, Form W--4 P, Form 8933, Form 8906, Form 8882, Form 8908,
Form 8930, Form 8936, Form 3903, Form 4070, Form 4070A, Form 1045,
Form 3520, Form 6252, Form 6478, Form 6765, Form 6781, Form 4797,
Form 4852, Form 8609-A, Form 8615, Form 8801, Form 8812, Form 8818,
Form 8820, Form 8821, Form 8621-A, Form 8332, Form 8379, Form 8396,
Form 8453, Form 8689, Form 970, Form 1128, Form 2555, Schedule H
(Form 1040), Schedule J (Form 1040), Schedule L (Form 1040),
Schedule M (Form 1040), Schedule R (Form 1040), Schedule SE (Form
1040), Form 1040 V, Form 2555 EZ, Form 2848, Schedule B (Form
1040), Schedule C (Form 1040), Form 1040 ES/V-OCR, Form 1127, Form
8283, Form 8822, Form 8828, Form 8834, Form 8840, Form 8898,
5884-B, W-7 (COA), Form 9465, Form 9465 SP, Form W-4 S, Form W-4 V,
Form W-4 (SP), Form W-7, Form W-7 A, Form 8862, Form 8864, Form
8917, Form 8863, Form 8865, Form 8824, Form 1040 ES (NR), Form
8826, Form 8829, Form 8880, Form 8879, Form 8889, Form 8891, Form
W-7 (SP), Form 8874, Form 8878 SP, Form 8914, Form 8915, Form 8878,
Schedule K-1, Schedule O (Form 8865), Form 8873, Form 1310, Form
1040 NR, Form 673, Form 8907, Form 8846, Form 8838, Form 8839, Form
8843, Form 8853, Schedule P (Form 8865), Form 8866, Form 8923, Form
8845, Form 8847, Form 8854, Form 8858, Form 8879 SP, Form T
(Timber), Form 8896, Form 8931, Form 4868 SP, Form 4952, Form 4970,
Form 972, Form 982, Form 1116, Form 3468, Form 3800, Form 4684,
Form 4868, Schedule B (Form 5713), Form 2106, Form 2120, Form 2441,
Form 5695, Schedule O (Form 5471), Schedule J (Form 5471), Form
2210, Form 2210-F, Form 5754, Form 5884, Form 6198, Form 6251, Form
8275, Form 8275-R, Form 8582, Form 4563, Form 2106-EZ, Form 926,
Schedule F (Form 1040), Schedule C-EZ (Form 1040), Schedule D (Form
1040), Schedule D-1 (Form 1040), Schedule EIC (Form 1040), Form
2350, Form 2350 SP, Form 2439, Form 4137, Form 4136, Form 4255,
Form 4361, Form 4562, Form 4835, Form 4972, Form 5405, Form 5471,
Schedule M (Form 5471), Form 5713, Schedule A (Form 5713), Form
8606, Form 1040 A, Form 1040 EZ, Form 1040 X, Form 1040 NR-EZ,
Schedule A (1040), Form 5213, Schedule C (Form 5713), Form 5074,
Form 3115, Form 5329, Form 4029, Form 8611, Form 8621, Form 8693,
Form 8697, Form 8814, Form 8815, Form 8082, Form 8582-CR, Form
8586, Form 8594, Form 8888, Form 8900, Form SS-4, Form 1040 ES
(PR), Form 8844, Schedule M (Form 8858), Form 8859, Form 8881, Form
8911, Form W-4, Form 8832, Form 8833, Form 8835
The changes in aggregated
compliance burden estimates can be explained by three major sources
of change - technical adjustments, statutory changes, and
discretionary agency (IRS) actions. Technical Adjustments - The
largest adjustments are from new taxpayer data, updated forecasting
targets, and an updated estimation methodology. Statutory Changes -
The primary drivers for the statutory changes are credits and/or
deductions provided in the American Recovery and Reinvestment Act
(ARRA) of 2009 and The Worker, Homeownership and Business
Assistance Act of 2009. Primary Examples Include: New or Changed
Provisions Limits on Personal Exemptions: In tax year 2010, the
phaseout of the personal exemption amount does not apply. The
estimated number of filers who benefited from no personal exemption
phaseout: 2,500,000. Limits on Itemized Deductions: In tax year
2010, the phaseout of itemized deductions does not apply. The
estimated number of filers who benefited from no phaseout of
itemized deductions: 5,500,000. Adoption Credit: The credit is now
refundable. The estimated number of filers who benefited from a
refundable adoption credit, but would not have benefited from the
credit had it remained nonrefundable: 25,000. Alternative Minimum
Tax: The AMT exemption amount was increased to $47,450 ($72,450 if
married filing jointly or a qualified widow; $26,225 if married
filing separately). Had this legislation not been enacted, at least
20 million additional taxpayers would have been required to file
Form 6251, Alternative Minimum Tax. First-Time Homebuyer Credit: As
of April 30, 2010, the first-time homebuyer credit is generally no
longer available for most taxpayers. The number of first-time
homebuyer credit filers: 625,000. Repayment of First-Time Homebuyer
Credit: Individuals who claimed the first-time homebuyer credit for
a home purchased in 2008 must begin repaying the credit on their
2010 return. In addition, individuals who claimed the 2008 or 2009
credit must repay the credit if they sold their home in 2010 or the
residence was no longer their main home in 2010. The number of
filers repaying the first-time homebuyer credit: 550,000. Personal
Casualty and Theft Loss Limit Reduction: Each personal casualty or
theft loss was limited to the excess of the loss over $100 (instead
of the $500 limit that applied for 2009). The estimated number of
additional filers claiming a casualty or theft loss: 50,000.
Expired Provisions The standard deduction for real estate taxes or
a net disaster loss. The number of filers who claimed this
provision in 2009: 19,000,000. Itemized deduction or increased
standard deduction for state or local sales or excise taxes on the
purchase of a new motor vehicle. The number of filers who claimed
this provision in 2009: 4,000,000. The exclusion from income of up
to $2,400 in unemployment compensation. The number of filers who
claimed this provision in 2009: 16,000,000. The government retiree
credit. The number of people who received this payment in 2009:
55,000,000. IRS Discretionary Changes - The IRS discretionary
changes include expanded e-file availability, introduction of new
registration fees for certain preparers, elimination of tax package
mailings, and the delayed start date of electronic filings. These
initiatives have a net effect of increasing both time and money
burden for taxpayers. NOTE: Statutory changes do not affect the
taxpayer's responsibility to file a return. These changes are
captured in the elimination or modification of a line entry on the
tax form. Therefore, while there are burden changes due to statute,
there are no changes to respondents due to statute. Total- Taken
together, these changes have increased the total reported burden by
270,000,000 hours.
$15,000,000
No
No
No
No
Yes
Uncollected
Jeffery Mitchell 202
622-4970
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.