Form 1127 &1127-A---- Application for Extension of Time for Payment of Tax

ICR 201208-1545-034

OMB: 1545-2131

Federal Form Document

ICR Details
1545-2131 201208-1545-034
Historical Active 201201-1545-019
TREAS/IRS
Form 1127 &1127-A---- Application for Extension of Time for Payment of Tax
Extension without change of a currently approved collection   No
Regular
Approved without change 10/15/2012
Retrieve Notice of Action (NOA) 08/30/2012
  Inventory as of this Action Requested Previously Approved
10/31/2015 36 Months From Approved 10/31/2012
2,000 0 2,000
8,680 0 8,680
0 0 0

Under IRC 6161, individual taxpayers and business taxpayers are allowed to request an extension of time for payment of tax shown or required to be shown on a return or for a tax due on a notice of deficiency. In order to be granted this extension, they must file Form 1127, providing evidence of undue hardship, inability to borrow, and collateral to ensure payment of the tax. Under IRC 6161 and the Service's Fresh Start initiative, individual taxpayers are allowed to request an extension of time for payment of tax shown or required to be shown on a return for 2011. In order to be granted this extension, they must file Form 1127-A, self-certifying hardship due to the current economic downturn.

US Code: 26 USC 6161 Name of Law: Extension of time for paying tax
  
None

Not associated with rulemaking

  77 FR 38714 06/28/2012
77 FR 52785 08/30/2012
No

  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 2,000 2,000 0 0 0 0
Annual Time Burden (Hours) 8,680 8,680 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$9,000
No
No
No
No
No
Uncollected
Paul Miller 2022832926 [email protected]

  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.
08/30/2012


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