Net Investment Income Tax

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 8960 Net Investment Income Tax - Individuals, Estates, and Trusts	Form and Instruction	New	Available
Form 8960 Net Investment Income Tax - Individual, Estates, and Trusts	Form and Instruction	Modified	Available
Supporting statement.doc	Supporting Statement A	Uploaded 2013-12-03	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
209549	TD 9644 - Net Investment Income Tax (Individuals)	Form and Instruction	New	Net Investment Income Tax - Individuals, Estates, and Trusts
199455	TD 9644 - Net Investment Income Tax (Businesses)	Form and Instruction	Modified	Net Investment Income Tax - Individual, Estates, and Trusts

ICR Details

OMB Control No: 1545-2227	ICR Reference No: 201311-1545-039
Status: Historical Inactive	Previous ICR Reference No: 201109-1545-032
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Net Investment Income Tax
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Improperly submitted	Conclusion Date: 11/07/2014
Retrieve Notice of Action (NOA)	Date Received in OIRA: 12/19/2013
Terms of Clearance: OIRA is returning this collection as improperly submitted. IRS should not resubmit this collection until it identifies any comments received on the collection, through the rulemaking, and a summary response describing why IRS did or did not accept the commenter's recommendation, and if not, why not.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

---

Abstract: This document contains final regulations under section 1411 of the Internal Revenue Code (Code). These regulations provide guidance on the general application of the Net Investment Income Tax and the computation of Net Investment Income. The regulations affect individuals, estates, and trusts whose incomes meet certain income thresholds.

---

Authorizing Statute(s): PL: Pub.L. 111 - 152 1402(a)(1) Name of Law: Health Care and Education Reconciliation Act of 2010
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 152 1402(a)(1) Name of Law: Health Care and Education Reconciliation Act of 2010

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1545-BK44	Final or interim final rulemaking	78 FR 72394	12/02/2013

---

Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 2

table that charts list of burden

IC Title	Form No.	Form Name
TD 9644 - Net Investment Income Tax (Businesses)	8960	Net Investment Income Tax - Individual, Estates, and Trusts
TD 9644 - Net Investment Income Tax (Individuals)	8960	Net Investment Income Tax - Individuals, Estates, and Trusts

---

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: The collection of information in the proposed regulations (REG-130843-13), is in § 1.1411–7(g). The information collected in proposed § 1.1411–7(g) is required by the IRS to verify the taxpayer's reported adjustment under section 1411(c)(4). This information will be used to determine whether the amount of tax has been reported and calculated correctly. The likely respondents are owners of interests in partnerships and S corporations. The burden for the collection of information contained in the proposed and final (TD 9644) regulations will be reflected in the burden on Form 8960 or another form that the IRS designates, which will request the information in the regulations.

---

Annual Cost to Federal Government: $0

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]? Yes

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

---

Common Form ICR:  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:

(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: 12/19/2013

---