Estimated Tax for Corporations

Forms and Documents

Document Name	Status
Form Schedule A (Part I Schedule A (Part III) Form	Removed
Form Schedule A (Part I Schedula A (Part II) Form	Removed
Form Schedule A (Part 1 Schedule A (Form 1120-W) - Part I Form	Removed
Form 1120-W Estimated Tax for Corporations Form	Modified
1545-0975_Supporting_Statement_REV_DEC2012.doc Supporting Statement A	2012-12-12

IC Document Collections

IC ID	Document Title	Status
190933	Schedule A (Part III) Form	Removed
190932	Schedula A (Part II) Form	Removed
190931	Schedule A (Form 1120-W) - Part I Form	Removed
17608	Estimated Tax for Corporations Form	Modified

ICR Details

OMB Control No: 1545-0975	ICR Reference No: 201211-1545-056
Status: Historical Active	Previous ICR Reference No: 200910-1545-013
Agency/Subagency: TREAS/IRS	Agency Tracking No: mb
Title: Estimated Tax for Corporations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/10/2013
	Date Received in OIRA: 12/28/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2016	36 Months From Approved	04/30/2013
Responses	900,000	0	905,880
Time Burden (Hours)	12,749,329	0	12,832,766
Cost Burden (Dollars)	0	0	0

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Abstract: Form 1120-W is used by corporations to figure estimated tax liability and the amount of each installment payment. Form 1120-W is a worksheet only. It is not to be filed with the Internal Revenue Service.

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Authorizing Statute(s): US Code: 26 USC 6655 Name of Law: Failure by corporation to pay estimated income tax
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 60025	10/01/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 76604	12/28/2012
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Estimated Tax for Corporations	1120-W	Estimated Tax for Corporations
Schedule A (Form 1120-W) - Part I	Schedule A (Part 1)	Adjusted Seasonal Installment Method
Schedula A (Part II)	Schedule A (Part II)	Annualized Income Installment Method
Schedule A (Part III)	Schedule A (Part III)	Required Installments

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ICR Summary of Burden

	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	900,000	905,880	0	0	-5,880	0
Annual Time Burden (Hours)	12,749,329	12,832,766	0	0	-83,437	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Three ICs were removed resulting in a change to the burden hours. The burden captured in the removed ICs was already covered in the single IC for the 1120-W, so they represented double-counted hours. Their removal reflects a more accurate calculation of the burden for this collection.

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Annual Cost to Federal Government: $77,260

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/28/2012

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