Terms of
Clearance: Per its pre-existing agreement with IRS, OMB's approval
of the U.S. Individual Income Tax Return and associated forms is
extended until December 2020. IRS shall submit its next request for
an extension of OMB approval before this expiration date, and
continue to do so on an annual basis.
Inventory as of this Action
Requested
Previously Approved
01/31/2021
01/31/2021
01/31/2021
173,300,000
0
159,300,000
1,720,500,000
0
1,717,000,000
33,267,000,000
0
33,267,000,000
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 1201 Name of Law: Alternative Tax for Corporations
US Code: 26
USC 1202 Name of Law: Partial Exclusion for Gain from Certain
Small Business Stock
US Code: 26
USC 631(b) Name of Law: Disposal of Timber
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 6404 Name of Law: Abatements
US Code: 26 USC
61 Name of Law: Gross Income Defined
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 6402 Name of Law: Authority to Make Credits or Refunds
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
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 367(e)(2) Name of Law: Liquidation under Section 332
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 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. 115 - 97 11041 Name of Law: Tax Reform Act of 2017
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 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
US Code: 26
USC 6039G Name of Law: Information on Individuals Losing United
States Citizenship
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
PL:
Pub.L. 109 - 432 101 Name of Law: Tax Relief and Health Care
Act of 2006
PL:
Pub.L. 115 - 97 11001 Name of Law: Tax Cut and Jobs Act
US Code: 26
USC 631(a) Name of Law: Election to Consider Cutting as a Sale
or Exchange
PL:
Pub.L. 116 - 136 2301 Name of Law: Coronavirus Aid, Relief, and
Economic Security (CARES) Act
PL: Pub.L. 116 - 136 2301 Name of Law:
Coronavirus Aid, Relief, and Economic Security (CARES) Act
Form 8874, Form 8912, Form 8907, Form 8846, Form 8829, Form
8878, Schedule K-1, Schedule O (Form 8865), Form 8873, Form 8818,
Form 8820, Form 8821, Form 8621-A, Form 1040, Schedule E (Form
1040), Form 1040 ES, Form 4952, Form 4070, Form 4070A, Instructions
for Form 4070 and 4070-A, Form 1045, Form 8843, Form 8853, Form
8453, Form 8689, Form 970, Form 2555, Schedule H (Form 1040) and
Sch H(PR), Form 8865, Form 8824, Form 1040 ES (NR), Form 8826, Form
8586, Form 8594, Form 8609-A, Form 8615, Form 8801, Form 8838, Form
8839, Form 8933, Form 8906, Form 8882, Form 8908, Form 4970, Form
8283, Form 8332, Form 8379, Form 8396, Form 8936, Form 3903, Form
8919, Form 8903, Form SS-8, Form W--4 P, Form 8962, 3911, 8857,
8302, 14039, 14095, Form 8880, Form 8879, Form 8889, Schedule P
(Form 8865), Form 8866, Form 8845, Form 8847, Form 8854, Form 8858,
Form T (Timber), Form 8896, Form 8931, Form 8888, Form 8900, Form
SS-4, Form 1040 ES (PR), Form 8844, Schedule M (Form 8858), Form
8859, Form 8881, Form 8911, Form 8958, Form W-4, Form 8832, Form
8833, Form 8835, Form 8925, Form 8932, Form 8885, Form 8886, Form
8910, Form 8275, Form 8275-R, Form 8582, Form 4563, Form 926,
Schedule F (Form 1040), Schedule C-EZ (Form 1040), Schedule D (Form
1040), Schedule EIC (Form 1040), Form 2350, Form 2439, Form 4137,
Form 4136, Form 4255, Form 4797, Form 4852, Form 8822, Form 8828,
Form 8834, Form 8840, Form 5695, Form 1040 Schedule 2, Form 1040
Schedule 3, Schedule O (Form 5471), Schedule J (Form 5471), 8938 ,
Form 8867, Form 1040-C, Form 4361, Form 4562, Form 1040 Schedule 1,
Form 4835, Form 4972, Form 5405, Form 5471, Schedule M (Form 5471),
Form 5713, Schedule A (Form 5713), Form 8606, Form 8898, W-7 (COA),
Form 9465, Form W-4 S, Form W-4 V, Form W-7, Form W-7 A, Form 1128,
Form 8862, Form 8864, Form 8917, Form 8863, Schedule J (Form 1040),
Schedule R (Form 1040), Schedule SE (Form 1040), Form 1040 V, Form
2848, Schedule B (Form 1040), Schedule C (Form 1040), Form 1040
ES/OCR, Form 1127, Form 1310, Form 1040 NR, Form 673, 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 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 8697, Form 8814, Form 8815, Form 8082, Form 8582-CR,
Form 8693, Form 3520, Form 6252, Form 6478, Form 6765, Form 6781,
Form 2210, Form 2210-F, Form 5754, Form 5884, Form 6198, Form
6251
P.L. 116-136 (H.R. 748,
Coronavirus Aid, Relief and Economic Security (CARES) Act) - signed
by the President on March 27, 2020, established a 2020 recovery
rebate for individuals (the Economic Impact Payment (EIP). As a
result, IRS will issue EIPs to help Americans during this crisis.
Taxpayers who filed a tax return for 2019 and 2018, and everyone
who has Social Security and Railroad Retirement Act payments
reported on 1099s, will receive an EIP without doing anything else.
For those individuals who may be eligible to receive the EIP, but
don’t fall under any of these categories, the IRS has partnered
with the tax-preparation industry to develop a way to file a
simplified tax return in order to provide IRS with the necessary
information to process the payments. Tax preparers will offer a
free online tool that populates the basic information needed to
generate the EIP (specifically the name, address, SSN, filing
status and dependent information) and file it with the IRS
electronically. The person doing this will also be able to submit
bank account information, to ensure the fastest delivery of the EIP
through direct deposit. The information gathered will be submitted
to IRS as a Form 1040. However, the person filing will not have to
submit all the information that would otherwise be needed to
process the 1040, since they are not required to file a tax return.
Filers will only complete certain portions of the form necessary
for IRS to process the EIP. Because this information is being
submitted on a Form 1040, it will display, where applicable, the
Form 1040 OMB No. 1545-0074. Since only basic information is being
collected, IRS estimates that each submission will take 15 minutes.
IRS estimates that approximately 14,000,000 persons will be
eligible to receive the EIP under the CARES Act, but have not filed
a tax return, and do not receive Social Security or RRA payments.
The agency is therefore requesting a Non-Material Change in order
to add an additional 14,000,000 respondents and 3,500,000 hours of
burden to 1545-0074 as a one-time temporary increase due to
enactment of the CARES Act.
$9,499,563
No
Yes
Yes
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.