SUPPORTING STATEMENT
(IRS Form 6765)
1. CIRCUMSTANCES NECESSITATING COLLECTION OF INFORMATION
Section 38 of the Internal Revenue Code allows an income tax credit for increasing the research activities of a trade or business. The research credit is determined under section 41. Form 6765 is used to figure and report the credit.
2. USE OF DATA
The form provides the IRS with the information necessary to determine that the credit was correctly computed and that the proper amount was claimed.
3. USE OF IMPROVED INFORMATION TECHNOLOGY TO REDUCE BURDEN
We are currently offering electronic filing for Form 6765.
4. EFFORTS TO IDENTIFY DUPLICATION
We have attempted to eliminate duplication within the agency wherever possible.
METHODS TO MINIMIZE BURDEN ON SMALL BUSINESSES OR OTHER SMALL ENTITIES
Not applicable.
CONSEQUENCES OF LESS FREQUENT COLLECTION ON FEDERAL PROGRAMS OR POLICY ACTIVITIES
Not applicable.
SPECIAL CIRCUMSTANCES REQUIRING DATA COLLECTION TO BE INCONSISTENT WITH GUIDELINES IN 5 CFR 1320.5(d)(2)
Not applicable.
8. CONSULTATION WITH INDIVIDUALS OUTSIDE OF THE AGENCY ON AVAILABILITY OF DATA, FREQUENCY OF COLLECTION, CLARITY OF INSTRUCTIONS AND FORMS, AND DATA ELEMENTS
Periodic meetings are held between IRS personnel and representatives of the American Bar Association, the National Society of Public Accountants, the American Institute of Certified Public Accountants, and other professional groups to discuss tax law and tax forms. During these meetings, there is an opportunity for those attending to make comments regarding Form 6765.
In response to the Federal Register notice (76 FR 37196), dated June 24, 2011, we received no comments during the comment period regarding Form 6765.
EXPLANATION OF DECISION TO PROVIDE ANY PAYMENT OR GIFT TO RESPONDENTS
Not applicable.
ASSURANCE OF CONFIDENTIALITY OF RESPONSES
Generally, tax returns and tax return information are confidential as required by 26 USC 6103.
JUSTIFICATION OF SENSITIVE QUESTIONS
Not applicable.
ESTIMATED BURDEN OF INFORMATION COLLECTION
The burden estimate is as follows:
Number of Time per Total
Responses Response Hours
Form 6765 15,805 18.02 285,281
The following is a related regulation which imposes no additional burden. Please continue to assign OMB number 1545-0619 to these regulations.
5c.0(c) 1.41-2, 3
5c.44F-1 1.41-9
We have reviewed these regulations and have determined that the reporting requirements contained in them are entirely reflected in Form 6765.
Estimates of the annualized cost to respondents for the hour burdens shown are not available at this time.
ESTIMATED TOTAL ANNUAL COST BURDEN TO RESPONDENTS
As suggested by OMB, our Federal Register notice dated
June, 24, 2011, requested public comments on estimates of cost burden that are not captured in the estimates of burden hours, i.e., estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. However, we did not receive any response from taxpayers on this subject. As a result, estimates of the cost burdens are not available at this time.
14. ESTIMATED ANNUALIZED COST TO THE FEDERAL GOVERNMENT
The primary cost to the government consists of the cost of printing this form. We estimate that the cost of printing the form is $1,680.
15. REASONS FOR CHANGE IN BURDEN
Section 301(b) Pub. L. 110-343, Div. C, added new IRC sec. 41(h)(2), which eliminates the election of the alternative incremental credit (AIC) for taxable years beginning after December 31, 2008. Text has been revised to reflect the increased percentage for tax years ending after December 31, 2008. Changes, made to comply with the new IRC sec. 41(h)(2), will result in a total estimated burden decrease of 52,946 hours.
16. PLANS FOR TABULATION, STATISTICAL ANALYSIS AND PUBLICATION
Not applicable.
REASONS WHY DISPLAYING THE OMB EXPIRATION DATE IS INAPPROPRIATE
See attachment.
EXCEPTIONS TO THE CERTIFICATION STATEMENT ON OMB FORM 83-I
Not applicable.
Note: The following paragraph applies to all of the collections of information in this submission:
An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103.
| File Type | application/msword |
| Author | TQ1FB |
| Last Modified By | Reference |
| File Modified | 2011-11-03 |
| File Created | 2011-11-03 |