SUPPORTING STATEMENT
Internal Revenue Service
U. S. Business Income Tax Returns
OMB Control Number 1545-0123
Forms: 1065, 1066, 1120, 1120-C, 1120-F, 1120-FSC, 1120-H, 1120-L, 1120-ND, 1120-PC, 1120-POL, 1120-REIT, 1120-RIC, 1120-S, 1120-SF and related attachments.
1. CIRCUMSTANCES NECESSITATING COLLECTION OF INFORMATION
Section 6011 and 6012 of the Internal Revenue Code requires businesses to prepare and file income tax returns. These forms are used by businesses to report their income tax liability.
The data is used to verify that the items reported on the forms are correct, and also for general statistics use.
As is done with the individual tax form burden estimates (Forms 1040, 1040-EZ, 1040-A, 1040-X and 1040-NR), clearance for the burden estimate will be requested before the relevant tax filing season but after the IRS has had the opportunity to update its models with prior year data and to make necessary revisions to draft forms (including providing drafts to public for comment), and is sought on an annual basis instead of on the regular 3-year Paperwork Reduction Act (PRA) cycle. Doing so ensures that new and updated business forms can be made available for use on a timelier basis.
A list of forms related to OMB 1545-0123 is provided below. Forms that are used by other tax filers (e.g., individuals, tax-exempt organizations) are marked with an asterisk (*). These forms will continue to report burden for other taxpayers under separate OMB numbers.
Form 1065 and related schedules are used for reporting the income of every domestic partnership (syndicates, groups, pools, joint ventures, etc. and every foreign partnership doing business in the United States or receiving income from U.S. sources). IRC Sec. 6031; Reg.-Sec. 1.761-1(a)(2)(IV)(a); 1.6031-1; 1.6033-1(a)(5); and Separate Instructions. IRM 3162, 4131, and Subchapter 224.
Form 1065 Schedule B-1 is used by partnerships to provide the information applicable to certain entities, individuals, and estates that own, directly or indirectly, an interest of 50% or more in the profit, loss, or capital of the partnership.
Form 1065 Schedule B-2 is used by certain partnerships with 100 or fewer partners that can elect out of the centralized partnership audit regime if each partner is an individual, a C corporation, a foreign entity that would be treated as a C corporation were it domestic, an S corporation, or an estate of a deceased partner.
Form 1065 Schedule C is used to provide answers to additional questions for filers of Schedule M-3 (Form 1065), Net Income (Loss) Reconciliation for Certain Partnerships.
Form 1065 Schedule D is used to report sales/exchanges of capital assets, capital gain distributions, and nonbusiness bad debts that are not specially allocated to partners.
Form 1065 Schedule K-1 is used for reporting the distributive share of a partnership income,
credits, etc.
Form 1065 Schedule K-2 is used partnerships having foreign transactions to report information needed by their partners to accurately figure their foreign tax credits and file Forms 1116 or 1118.
Form 1065 Schedule K-3 is used by partnerships which have international transactions report detailed information to their partners, for the partners to use in completing forms 1116, 1118, and the partners' income tax returns
Form 1065 Schedule M-3 a reconciliation of financial statement, net income and return, required to be filed by all partnerships with total assets of $10 million or more.
Form 1065-X is used (by entities not filing electronically) to correct items on a previously filed Form 1065, Form 1065-B, or Form 1066; or to make an administrative adjustment request for a previously filed Form 1065, Form 1065-B, or Form 1066.
Form 1066 is used to report the income, deductions, and gains and losses from the operation of a real estate mortgage investment conduit (REMIC). In addition, the form is used by the REMIC to report and pay tax on net income from prohibited transactions.
Form 1066 Schedule Q is used to by real estate mortgage investment conduits (REMICs) to notify the residual interest holders of their share of the REMIC's quarterly taxable income (or net loss), excess inclusion, and section 212 expenses.
Form 1118 is used to compute the amount of foreign tax credit claimed on corporation income tax returns.
Form 1118 Schedule I is used by corporations claiming a credit for any tax paid or accrued on foreign oil and gas extraction to determine any reduction in the amount of the credit.
Form 1118 Schedule J is used by Corporations claiming foreign tax credit to compute adjustments to separate limitation income (losses) and year-end account balances.
Form 1118 Schedule K is used to reconcile the corporation's prior year foreign tax carryover with its current year foreign tax carryover.
Form 1120 and related forms are used to report the income, gains, losses, deductions, credits, and to figure the income tax liability of a corporation. Also see Publication 542, Corporations, for more information.
Form 1120, Schedule B is used to provide answers to additional questions for filers of Schedule M-3 (Form 1120), Net Income (Loss) Reconciliation for corporations With Total Assets of $10 Million or More.
Form 1120, Schedule D is used by corporations to report sales and exchanges of capital assets and gains on distributions to shareholders of appreciated capital assets.
Form 1120, Schedule G is used to provide information applicable to certain entities, individuals, and estates that own, directly, 20% or more, or own, directly, 50% or more of the total voting power of all classes of the corporation's stock entitled to vote.
Form 1120, Schedule H is by Personal service corporations (PSCs) that elected to have a tax year other than a calendar year use Schedule H to report if they met the minimum distribution requirement and, if not, the limits on deductions.
Form 1120 Schedule M-3, is required to be filed by all corporations with total assets of $10 million or more on Form 1120, Schedule L, line 15, column (d).
Form 1120 Schedule N is used by Corporations that, at any time during the tax year, had assets in or operated a business in a foreign country or a U.S. possession may have to file Schedule N.
Form 1120 Schedule O is used by a controlled group of corporations filing Form 1120 or other corporate return to consent to an apportionment plan and allocated income, taxes, and other items.
Form 1120 Schedule PH is used to compute Personal Holding Company tax.
Form 1120 Schedule UTP is used to provide information about tax positions that affect the U. S. federal income tax liabilities of certain corporations that issue or are included in audited financial statements and have assets that equal or exceed $100 million.
Form 1120-C is used by Cooperative Associations to report income, gains, losses, deductions, credits, and to figure the income tax liability of subchapter T cooperatives.
Form 1120-F is used to report the income, gains, losses, deductions, credits, and to figure the U.S. income tax liability of a foreign corporation.
Form 1120-F Schedule H is used by a foreign corporation that files Form 1120-F to report the amount of the foreign corporation's deductible expenses that are allocated and apportioned under Regulations sections 1.861-8 and 1.861-17 and Temporary Regulations section 1.861-8T between ECI and non-ECI.
Form 1120-F Schedule I is used by foreign corporations to document allocation of interest expense in satisfaction of requirements of Regulations section 1.882-5.
Form 1120-F Schedule M-1 & Schedule M-2 are used to provide analysis information on how foreign corporation's net income (loss), and retained earnings reported on its books differ from figures reported on Form 1120-F return.
Form 1120-F Schedule M-3 is used by filers of Form 1120-F with total assets of $10 million or more would file Schedule M-3 (Form 1120-F) for the purpose of providing detailed information on differences between income per books and income per tax return.
Form 1120-F Schedule P is used by foreign corporations to disclose foreign partner interests in partnerships; documenting compliance with requirements of IRC sections 705 and 702, and Regulations section 1.884-1(d)(3).
Form 1120-F (SCH Q) is used by taxpayers who file form 1120-F and are a qualified derivatives dealer must complete and attach Schedule Q (Form 1120-F) to Form 1120-F.
Form 1120-F Schedule S is used by foreign corporations to claim an exclusion of income under section 883 and to provide reporting information required by the section 883 regulations.
Form 1120-F Schedule V is used to report required information for each vessel or aircraft with respect to which the corporation is subject to the 4% rate of tax on U.S. Source Gross Transportation Income (USSGTI) under section 887.
Form 1120-FSC is used to report the income, deductions, gains, losses, credits and tax liability of a foreign sales corporation.
Form 1120-FSC Schedule P is used to figure the allowable transfer price to charge or the allowable commission to pay a foreign sales corporation under the administrative pricing rules.
Form 1120-H, homeowners association uses Form 1120-H as its income tax return to take advantage of certain tax benefits that, in effect, allow it to exclude exempt function income from its gross income.
Form 1120-IC DISC is an information return filed by interest charge domestic international sales corporations (IC-DISCs), former DISCs and former IC-DISCs.
Form 1120-IC DISC Schedule K is a shareholder's statement of IC-DISC distribution.
Form 1120-IC DISC Schedule P is attached to Form 1120-IC-DISC to show the computation of IC-DISC taxable income used in computing: (1) the transfer price from a related supplier to an IC-DISC (Part II) or (2) the IC-DISC commission from a related supplier (Part III).
Form 1120-IC DISC Schedule Q is used by IC-DISC corporations to certify that the borrower is in compliance with the rules for producer's loans.
Form 1120-L is used to report the income, gains, losses, deductions, credits, and to figure the income tax liability of insurance companies, other than life insurance companies.
Form 1120-L (Schedule M-3) reconciles financial statement net income (loss) with taxable income reported on Form 1120-L. Filed by Insurance companies with total assets of $10 million or more, and may be voluntarily filed by life insurance companies that are not otherwise required to file Schedule M-3 (Form 1120-L).
*Form 1120-ND is used by nuclear decommissioning funds to report contributions received, income earned, administration expenses, and the tax on modified gross income. It is also sometimes used to report and pay the section 4951 taxes on self-dealing.
Form 1120-PC, U.S. Property and Casualty Insurance Company Income Tax Return, to report the income, gains, losses, deductions, credits, and to figure the income tax liability of insurance companies, other than life insurance companies.
Form 1120-PC Schedule M-3 is used to reconcile financial statement net income (loss) with taxable income reported on Form 1120-PC. It must be filed by non-life insurance companies with total assets of $10 million or more and may be voluntarily filed by non-life insurance companies that are not otherwise required to file Schedule M-3 (Form 1120-PC).
Form 1120-POL is used by Political organizations and certain exempt organizations to report their political organization taxable income and income tax liability.
Form 1120-REIT is used to report the income, gains, losses, deductions, credits and to figure the income tax liability of real estate investment trusts (REIT) as defined in section 856.
Form 1120-RIC Annual return of tax payable on or before the 15th day of the 3rd month following the close of company's taxable year. Used with Form 2439, Notice to Shareholder of Undistributed Long-Term Capital Gains. Prescribing instructions: IRC Sec. 52(b)(3)(d)(iv); Regs. Sec. 1.852-9.
Form 1120-S, Corporations that elect to be S corporations use Form 1120-S to report income, deductions, gains, losses, etc.
Form 1120-S Schedule B-1 is used to provide the information applicable to any shareholder in the S corporation that was a disregarded entity, a trust, an estate, or a nominee or similar person at any time during the tax year.
Form 1120-S Schedule D is used to report sales or exchanges of capital assets and gains on distributions to shareholders of appreciated capital assets.
Form 1120-S Schedule K-1 is used to report shareholders' pro rata shares of the corporation's income, credits, deductions, etc.
Form 1120-S Schedule K-2 is used by S corporations to report shareholder’s pro rata shares items international.
Form 1120-S Schedule K-3 is used by S corporations to report shareholder’s pro rata shares of the corporation’s international income, credits, deductions, etc.
Form 1120-S Schedule M-3 must be filed by corporations with total assets of $10 million or more on the last day of the tax year must complete Schedule M-3 (Form 1120S), Net Income (Loss) Reconciliation for S Corporations With Total Assets of $10 Million or More, instead of Schedule M-1. A corporation filing Form 1120S that is not required to file Schedule M-3 may voluntarily file Schedule M-3 instead of Schedule M-1.
Form 1120-SF is used to report transfers received, income earned, deductions claimed, distributions made, and the income tax liability of a designated or qualified settlement fund.
Form 1120-W is used by a corporation to assist the corporation in determining its tax liability and required installment payments.
Form 1120-X is used to amend a previously filed Form 1120 or 1120-A to make certain elections after the prescribed deadline.
Form 1122 is an authorization by a subsidiary to be included in consolidated return and consent to the consolidated regulations.
Form 1125-A is used by filers of Form 1120, 1120-C, 1120-F, 1120-S, 1065, or 1065-B, to calculate and claim a deduction for Costs of Goods Sold.
Form 1125-E is used by filers of Form 1120, 1120-C, or 1120-F, or 1120-RIC, whose gross receipts are $500,000 or more, if claiming a deduction for compensation of officers.
*Form 1127 is used to request extension of time to pay taxes. The conditions under which extensions may be granted under Section 6161 of the Internal Revenue Code are printed on the reverse of the application.
*Form 1128 is used to adopt, change or retain a certain tax year.
Form 1138 is used by a corporation expecting a net operating loss for the current year to request an extension of time for payment of tax for the immediately preceding tax year.
Form 1139 is used to apply for a quick refund of taxes from: carryback of a net operating loss, net capital loss, unused general business credit, or an overpayment of tax from a claim of right adjustment.
Form 2220 is used by corporations, certain tax-exempt organizations, and private foundations to determine whether they are subject to the penalty for underpayment of estimated tax and, if so, the amount of the penalty.
Form 2438 is used by regulated investment companies or real estate investment to figure income tax on certain undistributed capital gains.
Form 2439 is used by Regulated investment companies or real estate investment trusts use Form 2439 for each shareholder for whom it paid tax on certain undistributed capital gains. This form is used with (Form 2438).
Form 2553 is filed by qualifying small business corporations and limited liability companies to make the election prescribed by Sec. 1362.
*Form 2848 is used to authorize an individual to represent another person before the IRS. The authorized individual must be eligible to practice before the IRS.
*Form 3115 is used to request a change in either an overall accounting method or the accounting treatment of any item.
*Form 3468 is used to claim the investment credit, which includes rehabilitation, energy, qualifying advanced coal project, qualifying gasification project, and qualifying advanced energy project credits.
*Form 3520 is used to report certain transactions with foreign trusts, and receipt of certain large gifts of bequests from certain foreign persons.
*Form 3520-A is used by a foreign trust with at least one U. S. owner who files this form annually to provide information about the trust, its U. S. beneficiaries, and any U.S. person who is treated as an owner of any portion of the foreign trust.
*Form 3800 is used to claim any of the general business credits.
*Form 4136 is used by Taxpayers (other than partnerships that are not electing large partnerships) to claim a credit for certain nontaxable uses or sales of fuel during the tax year.
*Form 4255 is used by Taxpayers who dispose of (or whose property ceases to be) investment credit property before the end of the useful life used in computing the investment credit, to figure the increase in tax for the recapture of investment credit claimed.
Form 4466 is used by corporations that overpaid their estimated tax for the year to apply for a quick refund. The overpayment must be at least $500 and at least 10% of the expected tax liability.
*Form 4562 is used to claim a deduction for depreciation or amortization, to make the section 179 election to expense certain property, and to provide information on the business/investment use of cars and other listed property.
Form 4626 is used to figure the alternative minimum tax (AMT) under section 55 for a corporation that is not exempt from the AMT.
*Form 4684 is used as a guide for reporting gains and losses resulting from casualties and thefts.
*Form 4797 is used to report the details of gains and losses from the sale, exchange, involuntary conversion (from other than casualty or theft loss), or disposition of the following: property used in your trade or business, depreciable or amortizable property, capital and non-capital (other than inventory) assets held in connection with the trade or business, or capital assets not reported on Schedule D.
*Form 4810 is prepared by a fiduciary representing a dissolving corporation or a decedent's estate to request a prompt assessment of tax.
Form 4876-A is used to elect to be treated as an interest charge domestic international sales corporation (IC-DISC).
Form 5452 is used if the corporations made non dividend distributions to their shareholders under section 301, section 1368 (c)(3) or section 1371.
*Form 5471 is used to satisfy the reporting requirements of section 6038 and 6046.
Form 5471 Schedule E is now a separate schedule (no longer part of the base Form 5471) because this schedule must now be completed separately for each applicable category of income.
Form 5471 Schedule H is now a separate schedule (no longer part of the base Form 5471) because this schedule must now be completed separately for each applicable category of income.
Form 5471 Schedule I-1 is a new form to implement P.L. 115-97, section 14201 Global Intangible Low-Taxed Income (GILTI) as it pertains to Form 5471 reporting.
From 5471, Schedule J is used by filers of Form 5471 to report accumulated Earnings and Profits (E&P), in functional currency, computed under sections 964(a) and 986(b).
Form 5471, Schedule M is used by U.S. persons who had control of a foreign corporation for an uninterrupted period of at least 30 days to report certain transactions that occurred during the corporation's annual accounting period.
Form 5471 Schedule O is used by certain officers, directors, and shareholders of foreign corporations to report reorganization and acquisition/disposition of its stock.
Form 5471 Schedule P is used to report Previously Taxed Earnings and Profits of U.S. Shareholders of Certain Foreign Corporations.
Form 5471 Schedule Q is used to reporting of expense allocation and apportionment among income groups for determining foreign taxes deemed paid with subpart F income and GILTI.
Form 5471 Schedule R is used to report basic information pertaining to distributions from foreign corporations.
Form 5472 is used to provide to provide required information under sections 6038A and 6038C for reportable transactions that occur during the tax year with a foreign or domestic related party.
*Form 56 is used by persons acting as a fiduciary to notify IRS of the creation or termination of the fiduciary relationship.
*Form 56F is used to notify the IRS of a fiduciary relationship only if that relationship is with respect to a financial institution (i.e., a bank or a thrift).
*Form 5713 is used by persons having operations in or related to countries which require participation in or cooperation with an international boycott, to report these operations.
*Form 5713, Schedule A is used by persons who participated in or cooperated with an international boycott to figure the international boycott factor to use in figuring the loss of tax benefits.
*Form 5713, Schedule B is used by persons who participated in or cooperated with an international boycott to specifically attribute taxes and income in order to figure the loss of tax benefits.
*Form 5713, Schedule C is used to compute the loss of tax benefits from participation in or cooperation with an international boycott.
*Form 5735 used to figure the American Samoa economic development credit under section 30A. The credit is generally allowed against income tax imposed by Chapter 1.
*Form 5735 Sch P Possessions corporations that elected to use either the cost sharing or the profit split method use Schedule P with Form 5735 to compute their taxable income.
*Form 5884 is used to claim the work opportunity credit for the first-year wages paid to or incurred for targeted group employees (including Hurricane Katrina employees) during the tax year.
*Form 5884-A is used to claim the employee retention credit for employers affected by qualified disasters.
*Form 6198 is used by individuals, estates, trusts, and certain corporations to figure the profit (loss) from an at-risk activity, the amount at risk, and the deductible amount of the loss.
*Form 6478 is used to figure the biofuel producer credit for the tax year in which the sale or use occurs.
*Form 6627 is used to figure the environmental tax on petroleum, ODCs, imported products that used ODCs as materials in the manufacture or production of the product, and the floor stocks tax on ODCs.
*Form 6765 is used to figure and claim the credit for increasing research activities.
*Form 6781 is used to report gains and losses on section 1256 contracts under the mark-to-market rules and under section 1092 from straddle positions.
*Form 7004 is used to request an automatic 6-month extension of time to file certain business income tax, information and other returns shown on the form.
Form 8023 is used by purchasing corporations to elect section 338 treatment for the qualified stock purchase of another (target) corporation.
Form 8050 is used to request that the IRS deposit a corporate income tax refund (including a refund of $1 million or more) directly into an account at any U.S. bank or other financial institution (such as a mutual fund or brokerage firm) that accepts direct deposits. It is also used to request an electronic funds transfer of an income tax refund to the corporation’s bank account for a corporation filing Form 1120, 1120-A or 1120s.
*Form 8082 is used when a Taxpayer reports an item on a K-1 differently that is shown on the K-1.
*Form 8275 is used to disclose items or positions, except those taken contrary to a regulation, that are not otherwise adequately disclosed on a tax return to avoid certain penalties.
* Form 8275-R is used to disclose positions taken on a tax return that are contrary to Treasury regulations, to avoid certain portions of the accuracy-related penalty, if the return position has a reasonable basis.
*Form 8288 is used to report and transmit the amount withheld by buyers or transferees of U.S. real property interests, and a corporation, partnership, or fiduciary required to withhold tax.
*Form 8288 A is used by buyers or transferees of U. S. real property interest that are required to withhold part of the amount realized use Form 8288-A with form 8288 to report certain information about the transaction and the seller to IRS.
*Form 8288 B is used to apply for a withholding certificate to reduce or eliminate withholding on dispositions by foreign persons of U.S. real property interests.
*Form 8300 is used by persons who, in the course of their business, receive more than $10,000 in cash in one transaction or in related transactions to report information on the transaction(s).
*Form 8302 is used to request an electronic funds transfer of an income tax refund of $1 million or more to the taxpayers’ bank account for a taxpayer filing Form 1045, 1139 or a tax return other than Form 1040, 1120, 1120-A 0r 1120-S.
*Form 8308 is used by Partnerships to report the sale or exchange of a partnership interest involving unrealized receivables or inventory items.
*Form 8329 is used by lenders of certified indebtedness amounts to provide the IRS with information regarding the issuance of Mortgage Credit Certificates (MCCs) under section 25.
*Form 8404 is used by shareholders of Interest Charge Domestic International Sales Corporations (IC-DISCs) to figure and report their interest on DISC-related deferred tax liability. Authority is Treasury reg. 1.995(f).
Form 8453-C is used to authenticate an electronic Form 1120, authorize an ERO or ISP to transmit via a third-party, and authorize a corporation's consent to direct deposit any refund or electronic funds withdrawal for payment of federal taxes owed.
*Form 8453-I is used to: authenticate an electronic Form 1120-F, provide the corporation's consent to directly deposit any refund and/or authorize an electronic funds withdrawal for payment of federal taxes owed; authorize the ERO, if any, to transmit via a third-party transmitter; authorize the intermediate service provider (ISP) to transmit via a third-party transmitter if you are filing online (not using an ERO), and provide the corporation's consent to directly deposit any refund and/or authorize an electronic funds withdrawal for payment of federal taxes owed.
Form 8453-PE is used by partnerships to authenticate an electronic Form 1065, U.S. Return of Partnership's Income and authorize the intermediate service provider (ISP) to transmit via a third-party transmitter if you are filing online (not using an ERO).
Form 8453-S is used by S Corporations to authenticate an electronic Form 1120-S, U.S. Income Tax Return for an S Corporation; authorize the intermediate service provider (ISP) to transmit via a third-party transmitter if you are filing online (not using an ERO); and provide the corporation's consent to directly deposit any refund and/or authorize an electronic funds withdrawal for payment of federal taxes owed.
Form 851 is used by the parent corporation of an affiliated group to identify the parent and affiliated members, report allocated amounts of payments, and determine that each subsidiary qualifies for the affiliated group.
*Form 8586 is used by owners of qualified residential rental buildings in low-income housing projects to figure the amount of their low-income housing credit.
*Form 8594 is used by both seller and purchaser of a group of assets that makes up a trade of business to report such a sale when goodwill or going concern value attaches or could attach to such assets and if the purchasers’ basis in the assets is determined by the amount paid for the assets.
*Form 8609 is used to obtain a housing credit allocation from the housing credit agency. In addition, the form contains the first-year certification completed by building owners with respect to the first year of the credit period.
*Form 8609-A must be completed by the building owner each year of the 15-year compliance period, whether or not a low-income housing credit (LIHC) is claimed for the tax year.
*Form 8611 is used by owners of residential low-income rental buildings to recapture the low-income housing credit taken in previous years due to a decrease in the qualified basis of a building or its disposition without posting a satisfactory bond.
*Form 8621 is used by direct or indirect shareholder of a passive foreign investment company or qualified electing fund each tax year in which the shareholder holds stock in a passive foreign investment company or qualified electing fund.
*Form 8621-A is used by shareholders of a former Passive Foreign Investment Company (PFIC) or a Section 1297(e)PFIC to make a late purging election under Section 1298(b)(1) to terminate their subjection to taxation under Section 1291.
*Form 8655 is used to designate a reporting agent to file certain tax returns electronically or on magnetic tape.
*Form 8697 is used by persons who complete long-term contracts that were accounted for using the percentage of completion or completion-capitalized cost methods to figure the interest due or to be refunded under the look-back method.
*Form 8703 is used by operators of residential rental projects to provide annual information used to determine if projects continue to be qualified residential projects under section 142(d) and whose bonds are considered exempt facility bonds.
*Form 8716 is filed by business entities to elect to have a tax year other than a required tax year.
Form 8752 is used by Partnerships and S corporations that elected to have a tax year other than a required tax year to figure and report the payment required under section 7519 or to obtain a refund of net prior year payments.
Form 8804 is used by Partnerships to report the total liability under section 1446 for the partnership's tax year.
Form 8804 Schedule A is used by Partnerships that have effectively connected taxable income (ECTI) allocable to foreign partners to determine whether they are subject to the penalty for underpayment of estimated tax and, if so, the amount of the underpayment penalty.
Form 8804 -C is used by foreign partners to certify their deductions and losses they reasonably expect to be available to reduce their U. S. income tax liability.
Form 8804 - W is used by Partnerships to determine their foreign partners' tax liability and their estimated tax payments.
Form 8805 is used to show the amount of effectively connected taxable income and the tax payments allocable to the foreign partner for the partnership's tax year.
Form 8806 is to report an acquisition of control or a substantial change in the capital structure of a domestic corporation.
Form 8810 is used by closely held C corporations and personal service corporations that have passive activity losses and/or credits.
*Form 8813 is used to pay the withholding tax under section 1446 to the United States Treasury.
Form 8816 is used by insurance companies that elect to take an additional deduction under section 847.
Form 8819 is used to elect the U.S. dollar as the functional currency of an eligible qualified business unit (QBU), as defined in Regulations Section 1.985-2(b)(1).
*Form 8820 is used to claim an orphan drug credit.
*Form 8822-B is used by business taxpayers to report a change of address or business location.
*Form 8824 is used to report each exchange of business or investment property for property of a like kind.
Form 8825 is used to report income and deductible expenses from rental real estate activities, including those that flow through from partnerships, estates, or trusts.
*Form 8826 is used by eligible small businesses to claim the disabled access credit, a part of the general business credit.
Form 8827 is used by corporations to figure the minimum tax credit, if any, for alternative minimum tax incurred in prior tax years and to figure any minimum tax credit carryforward.
*Form 8830 is used to claim the enhanced oil recovery credit, a part of the general business credit.
*Form 8832 is used by eligible entities to choose how they are classified for Federal tax purposes: as an association taxable as a corporation or as a partnership, or as an entity inseparable from its owner.
*Form 8833 is used to make the treaty-based return position disclosure.
*Form 8834 is used by taxpayers to claim any qualified electric vehicle passive activity credit allowed for the current tax year.
*Form 8835 is used to claim the renewable electricity, refined coal, and Indian coal production credit. The credit is allowed only for the sale of electricity, refined coal, or Indian coal produced in the United States or U.S. possessions from qualified energy resources at a qualified facility.
*Form 8838 is used by U.S. transferors that entered into a gain recognition agreement under section 367(a) and 367(e)(2).
*Form 8838-P information return for partnerships to extend the statue when one is claiming an election under section 721 (c).
Form 8842 is used by corporations to elect one of the two annualization options that can be elected under section 6655(e)(2)(C) to figure the corporation's estimated tax payments under the annualized income installment method.
*Form 8844 is used by employers to claim the empowerment zone and renewal community employment credit.
Form 8845 is used by Employers of American Indians who are qualified employees to claim the Indian employment credit.
Form 8846 is used by certain food and beverage establishments to claim a credit for social security and Medicare taxes paid or incurred by the employer on certain employees' tips.
Form 8848 is used by foreign corporations if they completely terminated all of their U.S. trade or business according to regulations section 1.884-2(a) and (c) during the tax year.
*Form 8858 and schedules are used by certain U.S. persons that own a foreign disregarded entity (FDE) directly or, in certain circumstances, indirectly or constructively. The Form and schedules are used to satisfy the reporting requirements of sections 6011, 6012, 6031, and 6038, and related regulations.
*Form 8858 (Sch. M) is used by certain U.S. persons that are required to file Form 8858 for a foreign disregarded entity (FDE) or foreign branch (FB) that entered into any transaction with the filer of the Form 8858 or other entities during the annual accounting period of the FDE or FB. This form, is also used by certain U.S. persons that are required to file Form 5471 with respect to a CFC or Form 8865 with respect to a CFP, that is a tax owner of an FDE, such as Category 4 filers of Form 5471, and Category 1 filers of Form 8865, must file Schedule M.
*Form 8864 is used to claim the biodiesel and renewable diesel fuels credit.
*Form 8865 is used to report the information required under section 6038 (reporting with respect to controlled foreign partnerships), section 6038B (reporting of transfers to foreign partnerships), or section 6046A (reporting acquisitions, dispositions, and changes in foreign partnership interests).
*Form 8865 Schedule G is used to report the gain deferral method under Section 721(c).
*Form 8865 Schedule H is used to report acceleration events and exceptions reporting relating to gain deferral method under section 721 (c).
*Form 8865, Schedule K-1 is used to report the information required under section 6038, section 6038B, or section 6046A.
*Form 8865 Schedule K-2 is used to report partners share of income, deductions, and credits.
*Form 8865 Schedule K-3 is used to report Partner’s Share of Income, Deductions, Credits, etc.-International.
*Form 8865 Schedule O is used to report the information required under section 6038, section 6038B, or section 6046A.
* Form 8865 Schedule P is used to report the information required under section 6038, section 6038B, or section 6046A.
*Form 8866 is used by taxpayers who depreciated certain property using the income forecast method (generally limited to motion picture films, video tapes, sound recordings, copyrights, books and patents) to figure the interest due or to be refunded under the look-back method.
Form 8869 is used by a parent S corporation to elect to treat one or more of its eligible subsidiaries as a qualified subchapter S subsidiary (Q-Sub).
*Form 8873 is used to figure the amount of extraterritorial income excluded from gross income for the tax year.
*Form 8874 is used to claim the new markets credit for qualified equity investments made in qualified community development entities (CDEs).
Form 8875 is used by a corporation (other than a REIT or an ineligible corporation) and a REIT to jointly elect to have the corporation treated as a taxable REIT subsidiary under section 856(l).
*Form 8878-A is used by persons authorized to sign an electronic funds withdrawal authorization and an electronic return originator (ERO) to use a personal identification number (PIN) to authorize an electronic funds withdrawal of the balance due on an electronic Form 7004.
Form 8879-C is used by a corporate officer and an electronic return originator when the corporate officer wants to use a PIN to electronically sign a corporation's electronic income tax return.
Form 8879-I used by foreign corporations to facilitate use of a corporate officer's PIN to electronically sign an electronically transmitted Form 1120-F.
Form 8879-PE is used by an electronic return originator (ERO) and a general partner or limited liability company member when the general partner or limited liability company member wants to use a personal identification number (PIN) to electronically sign a partnership's electronic income tax return.
Form 8879-S is used by an electronic return originator (ERO) and a corporate officer when the corporate officer wants to use a personal identification number (PIN) to electronically sign a corporation's electronic income tax return, and if applicable, consent to electronic funds withdrawal.
*Form 8881 is used to claim the credit f under section 45E or qualified startup costs incurred in establishing or administering an eligible employer plan.
*Form 8882 is used by employers to claim the credit for qualified childcare facility and resource and referral expenditures.
Form 8883 is used to report information about transactions involving the deemed sale of corporate assets under Section 338.
*Form 8886 is used to disclose participation in reportable transactions by taxpayers as described in regulations 1.6011-4.
Form 8894 is used by small partnerships revoking a prior election of the unified audit and litigation procedures as set forth in Section 6231(a)(1)(B)(ii).
*Form 8896 is used to claim the credit for qualified low sulfur diesel fuel production costs.
*Form 8900 is used to claim the railroad track maintenance credit (RTMC) with respect to qualified railroad track maintenance expenditures (QRTME) paid or incurred during the tax year.
*Form 8902 is used by qualifying vessel operators (defined below) who are making an alternative tax election under section 1354(a) or who have made such an election previously.
*Form 8903 is used by corporations, individuals, partners (including partners of electing large partnerships), S corporation shareholders, estate and trusts, beneficiaries of estates and trusts, cooperatives and patrons of cooperatives to calculate and report the domestic production activities deduction.
*Form 8906 is used to claim the distilled spirits credit,
*Form 8908 is used to claim a credit for each qualified energy efficient home sold or leased to another person during the tax year for use as a residence.
*Form 8909 is used by manufacturers of qualified energy efficient appliances (eligible dishwashers, clothes washers, and refrigerators (discussed below)) to claim the energy efficient appliance credit.
*Form 8910 is used to figure your credit for alternative motor vehicles you placed in service during your tax year.
*Form 8911 is used to figure your credit for alternative fuel vehicle refueling property placed in service during the tax year.
*Form 8912 is used to claim the credit for holding tax credit bonds.
Form 8916 is a required attachment to the Form 1120, 1120-L, or 1120-PC Schedule M-3 for certain filers referred to as mixed groups. It provides a reconciliation of the Schedule M-3 for Form 1120, 1120-L or 1120-PC with the corresponding consolidated Form 1120, Form 1120-L, or Form 1120-PC.
Form 8916-A is used to provide a detailed schedule of the amounts reported on the applicable Schedule M-3 for cost of goods sold, interest income and interest expense.
*Form 8918 is used by materials advisors with respect to disclose certain information about the reportable transaction with the IRS.
*Form 8923 is used by employers of underground mines in the US to claim a credit for the cost of training employees to serve as mine rescue team members.
*Form 8925 is to report all employer-owned life insurance contracts.
Form 8926 is used to figure the amount of any corporate interest expense deduction disallowed by section 163(j).
*Form 8927 is used by a regulated investment company or real estate investment trust to make a self-determination for the purpose of paying deficiency dividends.
*Form 8932 is used to claim the credit for eligible differential wage payments you made to qualified employees during the tax year.
*Form 8933 is used to claim the carbon dioxide sequestration credit.
*Form 8936 is used to figure your credit for qualified plug-in electric drive motor vehicles you placed in service during your tax year.
Form 8937 is filed by an issuer of a specified security that takes an organizational action that affects the basis of that security.
*Form 8938 is filed to Report Foreign Financial Assets to comply with IRC section 6038D.
*Form 8941 is used to figure the credit for small employer health insurance premiums for tax years beginning after 2009. For tax years beginning after 2013, the credit is only available for a 2-consecutive -tax year credit period.
*Form 8947 is used to report the following information for all branded prescription drugs sold by covered entities to specified government programs (or sales due to coverage under the programs) during calendar year 2010.
*Form 8966 is used to report information with respect to certain U.S. accounts, based on the filer’s Chapter 4 status. An entity that is a financial institution is required to file form 8966.
*Form 8966-C is used to transmit paper Forms 8966, FATCA Report, to the Internal Revenue Service.
Form 8979 is used by partnerships subject to Bipartisan Budget Act and by Partnership Representatives to comply with the IRC and the proposed regulations.
Form 8990 is used to calculate the amount of business interest expense you can deduct and the amount to carry forward to the next year.
Form 8991 is used to determine an applicable taxpayer’s tax on its base erosion minimum tax amount for the year.
Form 8992 is used to figure a U. S. Shareholder’s GILTI inclusion.
Form 8992 Sch-A is used to report Global Intangible Low-Taxed Income (GILTI).
Form 8992 Sch-B is used to report U. S. Consolidated Group Calculation of Global Intangible Low-Taxed Income (GILTI) for each U. S. Shareholder in the U. S. Consolidated Group.
Form 8993 is used to figure the amount of the eligible deduction for FDII and GILTI under section 250.
Form 8994 is used to claim employer credit for paid family and medical leave.
*Form 8995 is used to claim the qualified business income deduction simplified computation.
*Form 8995-A is used to help taxpayer to determine if they meet the requirements of IRC 199A and take the qualified business income deduction.
*Form 8995-A (SCH-A) is used to help taxpayers determine if they meet the requirements of IRC 199A and take the qualified business income deduction.
*Form 8995-A (SCH-B) is used to help taxpayers to determine if they meet the requirement of IRC 199A and take the qualified business income. Taxpayers will use this form to aggregate multiple trades or businesses into a single trade or business for purposes of applying the W-2 wage limitation or the unadjusted basis immediately after acquisition (UBIA) limitation.
*Form 8995-A (SCH-C) is used to help taxpayers to determine if they meet the requirements of IRC 100A and take the qualified business income deduction. A taxpayer must complete this form if they have any trades or businesses with a net loss for the current year or a qualified business with a net loss carryforward from prior years.
*Form 8995-A (SCH-D) Taxpayers use Schedule D with their Form 8895-A to report if they area patron of agricultural or horticultural cooperatives to determine if they meet the requirements of IRC 199A and take the qualified business income deduction.
Form 8996 is used by a corporation or partnership to certify that it is organized to invest in qualified opportunity zone property.
*Form 926 is used to report certain transfers by individuals, partnerships, corporations, or estates or trusts of tangible or intangible property to a foreign corporation as required by IRC section 6038B.
Form 965 is used by any individual taxpayer, or taxpayer taxed like an individual, who has a net 965 tax liability remaining unpaid at any time during a tax year. It is file with income tax return for the reporting year.
Form 965 Schedules A, B, and C are used by U.S. shareholders of a DFIC to calculate section 965(a) inclusion amounts for both 2017 and 2018 tax years.
Form 965 Schedules D and E are used by U.S. shareholders of a DFIC to calculate their aggregate foreign cash and calculate section 965 (c) deductions that are not from U.S. shareholder pass-through entities.
Form 965 Schedule F, G, and H is used to determine the foreign taxes deemed paid with respect to their section 965(a) inclusions and the portion of such deemed paid foreign taxes disallowed under section 965(g).
Form 965-B is used by corporations to report their net section 965 tax liability and election to pay in installments, and to record the amount of net 965 tax liability they have paid by year. Form 965-B is also used by electing REITs to report section 965 amounts accounted for over time.
Form 965 -C is used by an eligible section 965(h) transferor and an eligible section 965(h) transferee to enter into a transfer agreement under section 965(h)(3).
Form 965-D is used by an eligible section 965(i) transferor and an eligible section 965(i) transferee to enter into a transfer agreement under section 965(i)(2).
Form 965-E is used by a shareholder in an S corporation who has an outstanding section 965(i) net tax liability with respect to which a section 965(i)(2)(A)(ii) triggering event has occurred to obtain consent to make a section 965(h) election as required by section 965(i)(4)(D) and regulations section 1.965-7(c)(3)(v)(D)(1).
Form 966 is used by a corporation if it is to be dissolved or if any of its stock is to be liquidated.
*Form 970 is used to elect to use the last-in, first-out (LIFO) inventory method.
*Form 972 is used by a shareholder who agrees to report a consent dividend as taxable income in the form of a dividend on the shareholder’s own tax return even though the shareholder receives no actual cash distribution of the consented amounts.
Form 973 is used by corporations to claim a consent deduction in their tax returns.
Form 976 is used by personal holding companies, regulated investment companies, and real estate investment trusts to claim a deficiency dividends deduction.
*Form 982 is used to determine under certain circumstances described in section 108 the amount of discharged indebtedness that can be excluded from gross income.
*Form 1042 is used by withholding agents to report tax withheld at source on certain income paid to nonresident alien individuals, foreign partnerships, or corporations not engaged in trade or business in the United States.
*1042-Schedule Q is used by filers of Form 1042 to report income and tax liabilities incurred generated by corporations related to activities performed as qualified derivatives dealers (QDDs).
*1042-S information return used by withholding agent to report certain income paid addresses in foreign countries.
*1042-T is used to transmit paper Forms 1042-S, Foreign person’s U. S. Source Income subject to withholding, to the Internal Revenue Service.
*Form SS-4 is used to apply for an employer identification number (EIN), a nine-digit number assigned for tax filing and reporting purposes.
*Form SS-4PR is used by employers in Puerto Rico who have not obtained an EIN before & pay wages to one or more employee, or non-employers who are required to have a EIN number on certain returns or documents.
*Form T-Timber is used to provide information on timber accounts when a sale or deemed sale under sections 631(a), 631(b), or other exchange has occurred during the tax year.
*Form W-8BEN is used by foreign persons who are subject to U.S. tax at a 30% rate of income they receive from U.S. sources that consists of; interests, dividends, rents, royalties, premiums, annuities, compensation of services performed, substitute payments in a securities lending transactions or other fixed or determinable annual or periodical gains, profits, or income.
*Form W-8 BEN-E is used as a withholding certificate for foreign entities. The form is provided to U.S. taxpayers so that the correct amount of tax (if any) is withheld or to claim exemption from withholding. Previously, entities would use Form W-8BEN for this purpose.
*Form W-8 ECI is used by Foreign persons who are generally subject to U.S. tax at a 30% rate on income they receive from U.S. sources. However, no withholding under section 1441 or 1442 is required on income that is, or is deemed to be effectively connected with the conduct of a trade or business in the U. S. and is includible in the beneficial owner’s gross income for the tax year.
*Form W-8IMY is used by foreign persons who are subject to U.S. tax at a 30% rate on income they receive from U.S. sources that consists of interest (including certain original issue discount (OID)), dividends, rent, premiums, annuities, compensation for or on expectation of, services performed or other fixed or determinable annual or periodical gains profits, or income.
As noted above, forms marked with an asterisk (*) are also filed by other taxpayers (e.g., individuals, tax-exempt organizations).
To prevent duplicate reporting of taxpayer burden, the following regulations should continue to be assigned to OMB 1545-0123. The burden imposed by these regulations is entirely reflected in the business estimated burden for the Forms listed above.
1.338
1.468A-3
1.468A-4
1.468A-4(d)(1)
1.468A-7
1.468A-8
1.528-8(a)
1.6011(c)
1.6012(a)
1.6012(a)(2)
1.6012(a)(3)
1.6012‑2(b)
1.6012‑6(b)
1.6012-2(c)(1)
1.6031-1
1.6033-1(a)(5)
1.6050Y
1.6081
1.280H
48.4121-1
48.6416(a)-3(a)(2)
48-4061(a)-1(d)(2)(ii)
5(c)
5(f)
51.6302-1T(b)
54.9812-1
20.6018-4
26.2662-1(b)
All regs. related to IRC sections 771-777
All regs. Related to IRC sections 671-679
All regs related to IRC section 801
All regs related to IRC section 831
All regs related to IRC sections 860A – 860G
1.851-2(a)
1.856-2(b)
All regs related to IRC sections 861–897
All regs related to IRC sections 881-882
All regs related to IRC section 884
All regs related to IRC section 199A
301.7701-2 and 3
All regs related to 26 CFR Part 1
All regs related to 26 CFR Part 11
All regs related to 26 CFR Part 18
All regs related to 26 CFR Part 301
All regs related to 26 CFR Part 601
All regs related to P.L. 115-97
All regs related to P. L. 116-260 (H.R. 133)
2. USE OF DATA
All the tax products listed in question 1 are used by businesses to report their income tax liability. The data is used to verify that the items reported on the forms are allowable, and also for general statistical use.
3. USE OF IMPROVED INFORMATION TECHNOLOGY TO REDUCE BURDEN
Approximately 90% of this collection is filed electronically. For more information on the electronic filings, see the Publication 6292-Table 1 in supplementary documents.
4. EFFORTS TO IDENTIFY DUPLICATION
The information obtained through this collection is unique and is not already available for use or adaptation from another source.
METHODS TO MINIMIZE BURDEN ON SMALL BUSINESSES OR OTHER SMALL ENTITIES
It is not possible to reduce reporting requirements for small businesses, however the burden on a given entity will depend on the complexity of their enterprise. Small businesses will generally have a much lower burden of compliance than large and complex businesses.
CONSEQUENCES OF LESS FREQUENT COLLECTION ON FEDERAL PROGRAMS OR POLICY ACTIVITIES
Consequences of less frequent collection on federal programs or policy activities could consist of a decrease in the amount of taxes collected by the Service, inaccurate and untimely filing of tax returns, and an increase in tax violations.
SPECIAL CIRCUMSTANCES REQUIRING DATA COLLECTION TO BE INCONSISTENT WITH GUIDELINES IN 5 CFR 1320.5(d)(2)
There are no special circumstances requiring data collection to be inconsistent with guidelines in 5 CFR 1320.5(d)(2).
8. CONSULTATION WITH INDIVIDUALS OUTSIDE OF THE AGENCY ON AVAILABILITY OF DATA, FREQUENCY OF COLLECTION, CLARITY OF INSTRUCTIONS AND FORMS, AND DATA ELEMENTS
In response to the Federal Register notice dated September 17, 2021 (86 FR 51955), IRS received several comments from the Novogradac Opportunity Zones Working Group (the OZ Working Group). The comments focused on the draft – form 8896 – Qualified Opportunity Fund. A summary of the comments and recommendations received from Novogradac & Company LLP are listed below:
Form 8996, Qualified Opportunity Fund:
Part I, Line 6 of the draft 2021 Form 8996 and the related instructions are currently reserved for future use, though previous drafts of the form included instructions for how an entity may voluntarily decertify as a QOF. We recommend that the following language be added back to the final version of Form 8996 and its instructions to provide QOFs with decertification guidance:
Part II, line 7 and line 10, Part IV, Line 3, Part V, columns (b) and (c) and Part VI column (c) should address the option to include recently sold or disposed of property for which the QOF intends to reinvest the proceeds in qualified opportunity zone property (QOZP) within 12 months of the date of the sale or disposition allowed under Treasury Regulation 1.1400Z2(f)-1(b).
The draft instructions for Part IV – (Penalty Relief)- Novogradac, believes the extension of the 90% investment standard relief through March 31, 2021 listed in the draft instructions is in error as to IRS Notice 2021-10. Recommend that the instructions be updated to state that the penalty relief is for the period April 1, 2020 through June 30, 2021.
IRS and Counsel appreciates the recommendations provided by the commenter on behalf of Novogradac & Company. The Comments were reviewed for potential inclusion in the instructions for Form 8996, Qualified Opportunity Fund.
Part 1, line 6- as noted, Line 6 has been reserved or future use. Consequently, the need for instructions for line 6 are moot.
Reinvestment of Proceeds pursuant to Treasury Regulation 1.1400Z2(f)-1(b) – The instructions will likely be amended to reflect these regulations.
Penalty Relief in Part IV. Notice 2021-10 changed the relevant date from March 31, 2021, to June 30, 2021. This change will be reflected in the instructions.
EXPLANATION OF DECISION TO PROVIDE ANY PAYMENT OR GIFT TO RESPONDENTS
No payment or gift has been provided to any respondents.
ASSURANCE OF CONFIDENTIALITY OF RESPONSES
Generally, tax returns and tax return information are confidential as required by 26 USC 6103.
JUSTIFICATION OF SENSITIVE QUESTIONS
A privacy impact assessment (PIA) has been conducted for information collected under this request as part of the “ Business Master File (BMF) ” , “Corporate Data Initiative (CDI)” system and Privacy Act System of Records notices (SORN) has been issued for these systems under Treasury/IRS 24.030–Customer Account Data Engine Individual Master File; Treasury/IRS 24.046-Business Master File and IRS 34.037–IRS Audit Trail and Security Records System, Treasury/IRS 42.001-Examination Administrative File; Treasury/IRS 42.021-Compliance Programs and Project Files. The Internal Revenue Service PIAs can be found at http://www.IRS.gov/privacy/PIAs/Pages/default.aspx
Title 26 USC 6109 requires inclusion of identifying numbers in returns, statements, or other documents for securing proper identification of persons required to make such returns, statements, or documents and is the authority for social security numbers (SSNs) in IRS systems.
ESTIMATED BURDEN OF INFORMATION COLLECTION
Today, over 90 percent of all business entity tax returns are prepared using software by the taxpayer or with preparer assistance. These are forms used by business taxpayers. These include Forms 1065, 1066, 1120, 1120-C, 1120-F, 1120-H, 1120-ND, 1120-S, 1120-SF, 1120-FSC, 1120-L, 1120-PC, 1120-REIT, 1120-RIC, 1120-POL, and related schedules, that business entity taxpayers attach to their tax returns.
Tax Compliance Burden Model:
Tax compliance burden model is defined as the time and money taxpayers spend to comply with their tax filing responsibilities. Time-related activities include recordkeeping, tax planning, gathering tax materials, learning about the law and what you need to do, and completing and submitting the return. Out-of-pocket costs include expenses such as purchasing tax software, paying a third-party preparer, and printing and postage. Tax compliance burden does not include a taxpayer’s tax liability, economic inefficiencies caused by sub-optimal choices related to tax deductions or credits, or psychological costs.
Estimates for Forms 1120 and 1065 Series of returns and supporting forms, schedules, and regulations |
||||||
FY2022 |
||||||
|
FY21 |
Change due to Adjustment in Agency Estimates |
Program Change due to New Legislation |
Program Change due to Agency Discretion |
FY22 |
|
|
|
|
|
|
|
|
Number of Taxpayers |
11,800,000 |
500,000 |
0 |
0 |
12,300,000 |
|
Burden in Hours |
1,085,000,000 |
53,000,000 |
0 |
0 |
1,138,000,000 |
|
Burden in Dollars |
44,279,000,000 |
4,024,000,000 |
0 |
0 |
48,303,000,000 |
|
Monetized Total Burden |
95,803,000,000 |
8,415,000,000 |
0 |
0 |
104,218,000,000 |
|
* Detail may not add to total due to rounding |
||||||
Source: IRS:RAAS:KDA:TBL (11-15-21)
The change in estimated aggregate compliance burden is due to a technical adjustment as described below.
Technical Adjustments:
The estimated changes in burden are due to updated population forecasts, updated data and updated macro estimates. The following table provides an overview of the technical adjustments:
|
Change in Filers |
Change in Hours |
Change in Dollars |
Change in Monetized Burden ($) |
Updated FY21 Population Counts Estimates |
100,000 |
15,500,000 |
733,500,000 |
1,784,000,000 |
Updated Data and 2020 Macro Adjustments |
0 |
1,000,000 |
216,000,000 |
-7,000,000 |
Updated FY22 Population Counts |
400,000 |
36,500,000 |
1,544,000,000 |
3,335,000,000 |
Updated 2021 Macro Estimates |
0 |
0 |
1,530,500,000 |
3,303,000,000 |
Total |
500,000 |
53,000,000 |
4,024,000,000 |
8,415,000,000 |
Source: IRS: RAAS: KDA: TBL (11-15-21)
Type of Review: Revision of currently approved collections.
Affected Public: Corporations and Pass-Through Entities.
Estimated Number of Respondents: 12,300,000
Total Estimated Time: 1.138 billion hours
Estimated Time Per Respondent: 93 hours
Total Estimated Out-of-Pocket Costs: $48.303 billion
Estimated Out-of-Pocket Cost Per Respondent: $3,927
Total Monetized Burden: $104.218 billion
Estimated Total Monetized Burden Per Respondent: $8,473
Note: Reported time and cost burdens are national averages and do not necessarily reflect a “typical” case. Most taxpayers experience lower than average burden, with taxpayer burden varying considerably by taxpayer type. Detail may not add due to rounding.
Tables 1, 2, and 3 below show the burden model estimates for each of the three classifications of business taxpayers: Partnerships (Table 1), corporations (Table 2) and S corporations (Table 3). As the tables show, the average filing compliance is different for the three forms of business. Showing a combined average burden for all businesses would understate the burden for corporations and overstate the burden for the two pass-through entities (partnerships and corporations). In addition, the burden for small and large businesses is shown separately for each type of business entity in order to clearly convey the substantially higher burden faced by the largest businesses.
Table 1 – Taxpayer Burden for Partnerships |
|
|||
Forms 1065, 1066, and all attachments |
|
|||
Primary Form Filed or Type of Taxpayer |
Total Number of Returns (in millions) |
Average Time (hours) |
Average Out-of-pocket Cost ($) |
Average Monetized Burden (Labor Cost) ($) |
All Partnerships |
4.8 |
85 |
3900 |
7,900 |
Small |
4.5 |
75 |
2,800 |
5,300 |
Large* |
0.3 |
245 |
20,600 |
|
|
|
|
|
|
Table 2 – Taxpayer Burden for Taxable Corporations |
|
|||
Forms 1120, 1120-C, 1120-F, 1120-H, 1120-ND, 1120-SF, 1120-FSC, 1120-L, 1120-PC, 1120-POL and all attachments |
|
|||
Primary Form Filed or Type of Taxpayer |
Total Number of Returns (in millions) |
Average Time (hours) |
Average Out-of-pocket Cost ($) |
Average Monetized Burden (Labor Cost) ($) |
All Taxable Corporations |
2.1 |
140 |
6,100 |
15,100 |
Small |
2.0 |
90 |
3,100 |
6,400 |
Large* |
0.1 |
895 |
49,700 |
142,600 |
|
|
|
|
|
Table 3 – Taxpayer Burden Pass-Through Corporations |
|
|||
Forms 1120-REIT, 1120-RIC, 1120-S and all attachments |
|
|||
Primary Form Filed or Type of Taxpayer |
Total Number of Returns (in millions) |
Average Time (hours) |
Average Out-of-pocket Cost ($) |
Average Monetized Burden (Labor Cost) ($) |
All Pass-Through Corporations |
5.4 |
80 |
3,100 |
6,400 |
Small |
5.3 |
80 |
2,800 |
5,800 |
Large* |
0.1 |
330 |
24,500 |
58,500 |
Source: IRS: RAAS: KDA: TBL (11-15-21).
*A large business is defined as one having end-of-year assets greater than $10 million. A large business is defined the same way for partnerships,
taxable corporations, and pass-through corporations. A small business is any business that doesn't meet the definition of a large business.\
Tables 1A – 3A show the average burden estimate for business entities by total positive income. Total positive income is defined as the sum of all positive income amounts reported on the return.
FY22
Table 1A – Taxpayer Burden for Partnerships |
|||
Forms 1065, 1066, and all attachments |
|||
Total Positive Income* |
Average Time (hrs) |
Average Out of Pocket Costs ($) |
Total Average Monetized Burden (Labor Cost) ($) |
< $100,000 |
65 |
1,494 |
2,698 |
$100,000 to $999,999 |
82 |
4,116 |
7,935 |
$1,000,000 to $9,999,999 |
127 |
10,770 |
23,345 |
$10,000,000 to $99,999,999 |
433 |
36,844 |
81,644 |
> $100,000,000 |
1,801 |
141,241 |
327,733 |
|
|
|
|
|
|
|
|
Table 2A – Taxpayer Burden for Taxable Corporations |
|||
Forms 1120, 1120-C, 1120-F, 1120-H, 1120-ND, 1120-SF, 1120-FSC, 1120-L, 1120-PC, 1120-POL and all attachments |
|||
Total Positive Income* |
Average Time (hrs) |
Average Out of Pocket Costs ($) |
Total Average Monetized Burden (Labor Cost) ($) |
< $100,000 |
73 |
1,343 |
2,513 |
$100,000 to $999,999 |
100 |
3,962 |
7,690 |
$1,000,000 to $9,999,999 |
141 |
10,427 |
24,110 |
$10,000,000 to $99,999,999 |
582 |
42,917 |
103,241 |
> $100,000,000 |
5,083 |
214,182 |
740,678 |
|
|
|
|
Table 3A – Taxpayer Burden Pass-Through Corporations |
|||
Forms 1120-REIT, 1120-RIC, 1120-S and all attachments |
|||
Total Positive Income* |
Average Time (hrs) |
Average Out of Pocket Costs ($) |
Total Average Monetized Burden (Labor Cost) ($) |
< $100,000 |
68 |
1,153 |
2,093 |
$100,000 to $999,999 |
80 |
2,969 |
5,706 |
$1,000,000 to $9,999,999 |
99 |
7,146 |
16,477 |
$10,000,000 to $99,999,999 |
329 |
24,646 |
58,720 |
> $100,000,000 |
1,341 |
97,296 |
236,164 |
*Total positive income is the sum of all positive income amounts reported on the return |
|||
Source: RAAS (11-15-21) |
|
|
|
Note: The data shown are the best estimates for business entity income tax returns. Reported time and cost burdens are national averages and do not reflect a “typical” case. Most taxpayers experience lower than average burden varying considerably by taxpayer type. The estimates are subject to change as new forms and data become available.
Note: See Appendix A- OMB numbers that will no longer be separately reported in order to eliminate duplicate reporting of burden hours.
ESTIMATED TOTAL ANNUAL COST BURDEN TO RESPONDENTS
Estimated Number of Respondents: 12,300,000.
Total Estimated Time: 1.138 billion hours.
Estimated Time per Respondent: 93 hours.
Total Estimated Out-of-Pocket Costs: $48.303 billion.
Estimated Out-of-Pocket Cost per Respondent: $3,927.
Total Monetized Burden (Labor Costs): $104,218 billion.
Estimated Total Monetized Burden (Labor Costs) Per Respondent: $8,473.
Note: Out-of-pocket costs include money spent on paid preparer fees, tax preparation software, tax planning, postage, etc. Reported time and cost burdens are national averages and do not necessarily reflect a “typical” case. Most taxpayers experience lower than average burden, with taxpayer burden varying considerably by taxpayer type. Detail may not add due to rounding.
14. ESTIMATED ANNUALIZED COST TO THE FEDERAL GOVERNMENT
The Federal government cost estimate is based on a model that considers the following three cost factors for each information product: aggregate labor costs for development, including annualized startup expenses, operating and maintenance expenses, and distribution of the product that collects the information. These costs do not include any activities such as taxpayer assistance and enforcement.
The government computes cost using a multi-step process. First, the government creates a weighted factor for the level of effort to create each information collection product based on variables such as complexity, number of pages, type of product and frequency of revision. Second, the total costs associated with developing the product such as labor cost, and operating expenses associated with the downstream impact such as support functions, are added together to obtain the aggregated total cost. Then, the aggregated total cost and factor are multiplied together to obtain the aggregated cost per product. Lastly, the aggregated cost per product is added to the cost of shipping and printing each product to IRS offices, National Distribution Center, libraries and other outlets. The result is the Government cost estimate per product.
The government cost estimate for this collection is summarized in the table below.
Products |
|
Aggregate Cost per Product (factor applied section) |
|
Printing and Distribution |
|
Government Cost |
Business Forms and Instructions |
|
$11,455,023 |
+ |
24,139 |
= |
$11,479,162 |
Totals |
|
$11,455,023 |
+ |
24,139 |
= |
$11,479,162 |
Table costs are based on 2021 actuals obtained from IRS Chief Financial Office and Media and Publications. |
||||||
|
||||||
*See supplementary document for cost per form and instructions.
15. REASONS FOR CHANGE IN BURDEN
Changes in estimated aggregate compliance burden are due to technical adjustments in agency estimates. IRS has conducted a re-baselining of the burden estimates for business entity filers due to updated population forecasts, updated data and updated macro estimates.
The following table provides an overview of these technical adjustments:
Annual Responses and Burden with Changes.
|
FY 2022 Requested |
Program Change Due to New Statute |
Program Change Due to Agency Discretion |
Change Due to Adjustment in Agency Estimate |
Change Due to Potential Violation of the PRA |
FY 2021 Previously Approved
|
Annual Number of Responses |
12,300,000 |
0 |
0 |
500,000 |
0 |
11,800,000 |
Annual Time Burden (Hours) |
1,138,000,000 |
0 |
0 |
53,000,000 |
0 |
1,085,000,000
|
Annual Out-of-pocket Cost Burden (Dollars) |
48,303,000,000 |
0 |
0 |
4,024,000,000 |
0 |
44,279,000,000 |
Total Monetized Labor Costs (Dollars) |
104,218,000,000 |
0 |
0 |
8,415,000,000 |
0 |
95,803,000,000 |
Breakout of Change Components
|
Change in Filers |
Change in Hours |
Change in Dollars |
Change in Monetized Burden ($) |
Updated FY21 Population Counts Estimates |
100,000 |
15,500,000 |
733,500,000 |
1,784,000,000 |
Updated Data and 2020 Macro Adjustments |
0 |
1,000,000 |
216,000,000 |
-7,000,000 |
Updated FY22 Population Counts |
400,000 |
36,500,000 |
1,544,000,000 |
3,335,000,000 |
Updated 2021 Macro Estimates |
0 |
0 |
1,530,500,000 |
3,303,000,000 |
Total |
500,000 |
53,000,000 |
4,024,000,000 |
8,415,000,000 |
Source: IRS: RAAS: KDA:TBL (11-15-21)
16. PLANS FOR TABULATION, STATISTICAL ANALYSIS AND PUBLICATION
The intent of this collection is to collect data in areas of income, gains, losses, deductions, credits, and to figure the income tax liability of a business taxpayer.
17. REASONS WHY DISPLAYING THE OMB EXPIRATION DATE IS INAPPROPRIATE
We believe that displaying the OMB expiration date is inappropriate because it could cause confusion by leading taxpayers to believe that the forms sunset as of the expiration date. Taxpayers are not likely to be aware that the Service intends to request renewal of the OMB approval and obtain a new expiration date before the old one expires.
18. EXCEPTIONS TO THE CERTIFICATION STATEMENT
There are no exceptions to the certification statement.
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.
Appendix A
Appendix B
OMB numbers that will no longer be separately reported in order to eliminate duplicate reporting of burden hours.
Burden Hours: |
OMB Number: |
Title |
1005 |
1545-0731 |
Definition of an S Corporation |
41 |
1545-0746 |
LR-100-78 (Final) Creditability of Foreign Taxes |
205 |
1545-0755 |
Related Group Election With Respect to Qualified Investments in Foreign Base Company Shipping Operations |
37,922,688 |
1545-0771 |
TD 8864 (Final); EE-63-88 (Final and temp regulations) Taxation of Fringe Benefits and Exclusions From Gross Income for Certain Fringe Benefits; IA-140-86 (Temporary) Fringe Benefits Treas. reg 1.274 |
3104 |
1545-0807 |
(TD 7533) Final, DISC Rules on Procedure and Administration; Rules on Export Trade Corporations, and (TD 7896) Final, Income from Trade Shows |
8125 |
1545-0879 |
TD 8426 - Certain Returned Magazines, Paperbacks or Records (IA-195-78) |
978 |
1545-1018 |
FI-27-89 (Temporary and Final) Real Estate Mortgage Investment Conduits; Reporting Requirements and Other Administrative Matters; FI-61-91 (Final) Allocation of Allocable Investment |
1025 |
1545-1041 |
TD 8316 Cooperative Housing Corporations |
50417 |
1545-1068 |
T.D. 8618 - Definition of a Controlled Foreign Corporation, Foreign Base Company Income, and Foreign Personal Holding Company Income of a Controlled Foreign Corporation (INTL-362-88) |
12694 |
1545-1070 |
Effectively connected income and the branch profits tax |
3250 |
1545-1072 |
INTL-952-86 (Final-TD 8410) and TD 8228 Allocation and Apportionment of Interest Expense and Certain Other Expenses |
1620 |
1545-1083 |
Treatment of Dual Consolidated Losses |
40 |
1545-1093 |
Final Minimum Tax-Tax Benefit Rule (TD 8416) |
4008 |
1545-1102 |
PS-19-92 (TD 9420 -Final) Carryover Allocations and Other Rules Relating to the Low-Income Housing Credit |
19,830 |
1545-1130 |
Special Loss Discount Account and Special Estimated Tax Payments for Insurance Companies |
1500 |
1545-1138 |
TD-8350 (Final) Requirements For Investments to Qualify under Section 936(d)(4) as Investments in Qualified Caribbean Basin Countries |
70 |
1545-1146 |
Applicable Conventions Under the Accelerated Cost |
640000 |
1545-1191 |
Information with Respect to Certain Foreign- Owned Corporations - IRC Section 6038A |
662 |
1545-1218 |
CO-25-96 (TD 8824 - Final) Regulations Under Section 1502 of the Internal Revenue Code of 1986; Limitations on Net Operating Loss Carryforwards and Certain Built-in Losses and Credits Following |
1000 |
1545-1224 |
T. D. 8337 (Final) Allocation and Apportionment of Deduction for State Income Taxes (INTL-112-88) |
1,000 |
1545-1233 |
Adjusted Current Earnings (IA-14-91)(Final) |
2,000 |
1545-1237 |
REG-209831-96 (TD 8823) Consolidated Returns--Limitation on the Use of Certain Losses and Deductions |
49,950 |
1545-1251 |
TD 8437 - Limitations on Percentage Depletion in the Case of Oil and Gas Wells |
50 |
1545-1254 |
TD 8396 - Conclusive Presumption of Worthlessness of Debts Held by Banks (FI-34-91) |
1 |
1545-1260 |
CO-62-89 (Final) Final Regulations under Section 382 of the Internal Revenue Code of 1986; Limitations on Corporate Net Operating Loss Carryforwards |
2390 |
1545-1271 |
Treatment of transfers of stock or securities to foreign corporations |
200 |
1545-1275 |
Limitations on net operating loss carryforwards and certain built-in losses following ownership change |
2070 |
1545-1287 |
FI-3-91 (TD 8456 - Final) Capitalization of Certain Policy Acquisition Expenses |
625 |
1545-1290 |
TD 8513 - Bad Debt Reserves of Banks |
3542 |
1545-1299 |
TD 8459 - Settlement Funds |
2200 |
1545-1300 |
Treatment of Acquisition of Certain Financial Institutions: Certain Tax Consequences of Federal Financial Assistance to Financial Institutions |
322 |
1545-1308 |
TD 8449 (Final) Election, Revocation, Termination, and Tax Effect of Subchapter S Status |
63 |
1545-1324 |
CO-88-90 (TD 8530) Limitation on Net Operating Loss Carryforwards and Certain Built-in Losses Following Ownership Change; Special Rule for Value of a Loss Corporation Under the Jurisdiction... |
5 |
1545-1338 |
Election Out of Subchapter K for Producers of Natural Gas - TD 8578 |
18,600 |
1545-1344 |
TD 8560 (CO-30-92) Consolidated Returns--Stock Basis and Excess Loss Accounts, Earnings and Profits, Absorption of Deductions and Losses, Joining and Leaving Consolidated Groups, Worthless (Final) |
2000 |
1545-1352 |
TD 8586 (Final) Treatment of Gain From Disposition of Certain Natural Resource Recapture Property |
104899 |
1545-1357 |
PS-78-91 (TD 8521)(TD 8859) Procedures for Monitoring Compliance with Low- Income Housing Credit Requirements; PS-50-92 Rules to Carry Out the Purposes of Section 42 and for Correcting |
9350 |
1545-1364 |
Methods to Determine Taxable Income in connection with a Cost Sharing Arrangement - IRC Section 482 |
20000 |
1545-1412 |
FI-54-93 (Final) Clear Reflection of Income in the Case of Hedging Transactions |
4,332 |
1545-1417 |
Form 8845 - Indian Employment Credit |
1050 |
1545-1433 |
Consolidated and Controlled Groups- Intercompany Transactions and Related Rules |
875 |
1545-1434 |
CO-26-96 (Final) Regulations Under Section 382 of the Internal Revenue Code of 1986; Application of Section 382 in Short Taxable Years and With Respect to Controlled Groups |
333 |
1545-1438 |
TD 8643 (Final) Distributions of Stock and Stock Rights |
10000 |
1545-1440 |
TD 8611, Conduit Arrangements Regulations - Final (INTL-64-93) |
2,000 |
1545-1447 |
CO-46-94 (TD 8594 - Final) Losses on Small Business Stock |
1250 |
1545-1476 |
Source of Income From Sales of Inventory and Natural Resources Produced in One Jurisdiction and Sold in Another Jurisdiction |
171050 |
1545-1480 |
TD 8985 - Hedging Transactions |
2500 |
1545-1491 |
TD 8746 - Amortizable Bond Premium |
1000 |
1545-1493 |
TD 8684 - Treatment of Gain From the Disposition of Interest in Certain Natural Resource Recapture Property by S Corporations and Their Shareholders |
212500 |
1545-1507 |
(TD 8701)--Treatment of Shareholders of Certain Passive Investment Companies; (TD 8178)--Passive Foreign Investment Companies. |
326,436 |
1545-1522 |
Revenue Procedure 2017-52, 2017-1, 2017-3 Rulings and determination letters |
10467 |
1545-1530 |
Rev. Proc. 2007-32 - Tip Rate Determination Agreement (Gaming Industry); Gaming Industry Tip Compliance Agreement Program |
10,000 |
1545-1539 |
REG-208172-91 (TD 8787 -final) Basis Reduction Due to Discharge of Indebtedness |
18,553 |
1545-1541 |
Revenue Procedure 97-27, Changes in Methods of Accounting |
278,622 |
1545-1546 |
Revenue Procedure 97-33, EFTPS (Electronic Federal Tax Payment System) |
50,000 |
1545-1548 |
Rev. Proc. 2013-30, Uniform Late S Corporation Election Revenue Procedure |
296896 |
1545-1549 |
Tip Reporting Alternative Commitment (TRAC) Agreement and Tip Rate Determination (TRDA) for Use in the Food and Beverage Industry |
30580 |
1545-1551 |
Changes in Methods of Accounting (RP 2016-29) |
623 |
1545-1555 |
REG-115795-97 (Final) General Rules for Making and Maintaining Qualified Electing Fund Elections |
500 |
1545-1556 |
TD 8786 - Source of Income From Sales of Inventory Partly From Sources Within a Possession of the U.S.; Also, Source of Income Derived From Certain Purchases From a Corp. Electing Sec. 936 |
1000 |
1545-1558 |
Rev. Proc. 98-46 (modifies Rev. Proc.97-43)--Procedures for Electing Out of Exemptions Under Section 1.475(c)-1; and Rev. Rul. 97-39, Mark-to-Market Accounting Method for Dealers in Securities |
100000 |
1545-1559 |
Revenue Procedures 98-46 and 97-44, LIFO Conformity Requirement |
2000 |
1545-1566 |
Notice 2010-46, Prevention of Over-Withholding of U.S. Tax Avoidance With Respect to Certain Substitute Dividend Payments |
904000 |
1545-1588 |
Adjustments Following Sales of Partnership Interests |
10,110 |
1545-1590 |
REG-251698-96 (T.D. 8869 - Final) Subchapter S Subsidiaries |
500 |
1545-1617 |
REG-124069-02 (Final) Section 6038 - Returns Required with Respect to Controlled Foreign Partnerships; REG-118966-97 (Final) Information Reporting with Respect to Certain Foreign Partnership |
3000 |
1545-1634 |
TD 9595 (REG-141399-07) Consolidated Overall Foreign Losses, Separate Limitation Losses, and Overall Domestic Losses |
500 |
1545-1641 |
Rev. Proc. 99-17 - Mark to Market Election for Commodities Dealers and Securities and Commodities Traders |
50 |
1545-1642 |
TD 8853 (Final), Recharacterizing Financing Arrangements Involving Fast-Pay Stock |
1 |
1545-1646 |
TD 8851 - Return Requirement for United States Persons Acquiring or Disposing of an Interest in a Foreign Partnership, or Whose Proportional Interest in a Foreign Partnership Changes |
75 |
1545-1647 |
Revenue Procedure 2001-21 Debt Roll-Ups |
1,620 |
1545-1657 |
Revenue Procedure 99-32 -- Conforming Adjustments Subsequent to Section 482 Allocations |
25 |
1545-1658 |
Purchase Price Allocations in Deemed Actual Asset Acquisitions |
10000 |
1545-1661 |
Qualified lessee construction allowances for short-term leases |
70 |
1545-1672 |
T.D. 9047 - Certain Transfers of Property to Regulated Investment Companies (RICs) and Real Estate Investment Trusts (REITs) |
470 |
1545-1675 |
Treatment of taxable income of a residual interest holder in excess of daily accruals |
23900 |
1545-1677 |
Exclusions From Gross Income of Foreign Corporations |
13134 |
1545-1684 |
Pre-Filing Agreements Program |
400 |
1545-1690 |
Notice 2000-28, Coal Exports |
400 |
1545-1699 |
TD 9715; Rev. Proc. 2015-26 (Formerly TD 9002; Rev Proc 2002-43), Agent for Consolidated Group |
3200 |
1545-1701 |
Revenue Procedure 2000-37 - Reverse Like-kind Exchanges (as modified by Rev Proc. 2004-51) |
2000 |
1545-1706 |
TD 9315 - Section 1503(d) Closing Agreement Requests |
1800 |
1545-1711 |
TD 9273 - Stock Transfer Rules: Carryover of Earnings and Taxes (REG-116050-99) |
4877 |
1545-1714 |
Tip Reporting Alternative Commitment (TRAC) for most industries |
870 |
1545-1716 |
Employer-Designed Tip Reporting Program for the Food and Beverage Industry (EmTRAC Program) - Notice 2001-1 |
1897 |
1545-1717 |
Tip Rate Determination Agreement (TRDA) for Most Industries |
1250 |
1545-1718 |
Source of Income from Certain Space and Ocean Activities; Source of Communications Income (TD 9305 - final) |
15 |
1545-1730 |
Manner of making election to terminate tax-exempt bond financing |
19 |
1545-1731 |
Extraterritorial Income Exclusion Elections |
1318 |
1545-1736 |
Advanced Insurance Commissions - Revenue Procedure 2001-24 |
500 |
1545-1748 |
Changes in Accounting Periods - REG-106917-99 (TD 8669 / Final) |
5950 |
1545-1752 |
Revenue Procedure 2008-38, Revenue Procedure 2008-39, Revenue Procedure 2008-40, Revenue Procedure 2008-41, Revenue Procedure 2008-42 |
100000 |
1545-1756 |
Revenue Procedure 2001-56, Demonstration Automobile Use |
530090 |
1545-1765 |
T.D. 9171, New Markets Tax Credit |
500 |
1545-1768 |
Revenue Procedure 2003-84, Optional Election to Make Monthly Sec. 706 Allocations |
7700 |
1545-1774 |
Extensions of Time to Elect Method for Determining Allowable Loss |
100 |
1545-1784 |
Rev Proc 2002-32 as Modified by Rev Proc 2006-21, Waiver of 60-month Bar on Reconsolidation after Disaffiliation |
600 |
1545-1786 |
Changes in Periods of Accounting |
300 |
1545-1799 |
Notice 2002-69, Interest Rates and Appropriate Foreign Loss Payment Patterns For Determining the Qualified Insurance Income of Certain Controlled Corporations under Section 954(f) |
7,500 |
1545-1801 |
Revenue Procedure 2002-67, Settlement of Section 351 Contingent Liability Tax Shelter Cases |
300 |
1545-1820 |
Revenue Procedure 2003-33, Section 9100 Relief for 338 Elections |
15,000 |
1545-1828 |
TD 9048; 9254 - Guidance under Section 1502; Suspension of Losses on Certain Stock Disposition (REG-131478-02) |
100 |
1545-1831 |
TD 9157 (Final) Guidance Regarding the Treatment of Certain Contingent Payment Debt Instruments w/ one or more Payments that are Denominated in, or Determined by Reference to, a Nonfunctional Currency |
625 |
1545-1833 |
Revenue Procedure 2003-37, Documentation Provisions for Certain Taxpayers Using the Fair Market Value Method of Interest Expense Apportionment |
8600 |
1545-1834 |
Revenue Procedure 2003-39, Section 1031 LKE (Like-Kind Exchanges) Auto Leasing Programs |
2,000 |
1545-1837 |
Revenue Procedure 2003-36, Industry Issue Resolution Program |
3200 |
1545-1847 |
Revenue Procedure 2004-29 - Statistical Sampling in Sec. 274 Context |
24,000 |
1545-1855 |
TD 9285 - Limitation on Use of the Nonaccrual-Experience Method of Accounting Under Section 448(d)(5) |
50 |
1545-1861 |
Revenue Procedure 2004-19 - Probable or Prospective Reserves Safe Harbor |
3000 |
1545-1870 |
TD 9107 - Guidance Regarding Deduction and Capitalization of Expenditures |
1500 |
1545-1893 |
Rollover of Gain from Qualified Small Business Stock to Another Qualified Small Business Stock |
3000 |
1545-1905 |
TD 9289 (Final) Treatment of Disregarded Entities Under Section 752 |
200 |
1545-1906 |
TD 9210 - LIFO Recapture Under Section 1363(d) |
76190 |
1545-1915 |
Notice 2005-4, Fuel Tax Guidance, as modified |
552100 |
1545-1939 |
Notification Requirement for Transfer of Partnership Interest in Electing Investment Partnership (EIP) |
52182 |
1545-1945 |
26 U.S. Code section 475 - Mark to market accounting method for dealers in securities |
2765 |
1545-1946 |
T.D. 9315 (Final) Dual Consolidated Loss Regulations |
250 |
1545-1965 |
TD 9360 (REG-133446-03)(Final) Guidance on Passive Foreign Company (PFIC) Purging Elections |
1,985 |
1545-1983 |
Qualified Railroad Track Maintenance Credit |
3,034,765 |
1545-1986 |
Notice 2006-47, Elections Created or Effected by the American Jobs Creation Act of 2004. |
12 |
1545-1990 |
Application of Section 338 to Insurance Companies |
150 |
1545-2001 |
Rev. Proc. 2006-16, Renewal Community Depreciation Provisions |
1,700 |
1545-2002 |
Notice 2006-25 (superseded by Notice 2007-53), Qualifying Gasification Project Program |
4950 |
1545-2003 |
Notice 2006-24, Qualifying Advanced Coal Project Program |
3761 |
1545-2004 |
Deduction for Energy Efficient Commercial Buildings |
171,160 |
1545-2008 |
Nonconventional Source Fuel Credit |
25 |
1545-2014 |
TD 9452 - Application of Separate Limitations to Dividends From Noncontrolled Section 902 Corporations |
500 |
1545-2017 |
Notice 2006-46 Announcement of Rules to be included in Final Regulations under Section 897(d) and (e) of the Internal Revenue Code |
375000 |
1545-2019 |
TD 9451 - Guidance Necessary To Facilitate Business Election Filing; Finalization of Controlled Group Qualification Rules (TD 9329) |
200 |
1545-2028 |
Fuel Cell Motor Vehicle Credit |
35 |
1545-2030 |
REG-120509-06 (TD 9465 -Final), Determination of Interest Expense Deduction of Foreign Corporations |
100 |
1545-2036 |
Taxation and Reporting of REIT Excess Inclusion Income by REITs, RICs, and Other Pass-Through Entities (Notice 2006-97) |
2400 |
1545-2072 |
Revenue Procedure 2007-35 - Statistical Sampling for Purposes of Section 199 |
2500 |
1545-2091 |
TD 9512 (Final) - Nuclear Decommissioning Funds |
25 |
1545-2096 |
Loss on Subsidiary Stock - REG-157711-02 (TD 9424 - Final) |
120 |
1545-2103 |
Election to Expense Certain Refineries |
3000 |
1545-2110 |
REG-127770-07 (Final), Modifications of Commercial Mortgage Loans Held by a Real Estate Mortgage Investment Conduit. |
26000 |
1545-2114 |
S Corporation Guidance under AJCA of 2004 (TD 9422 Final - REG-143326-05) |
389,330 |
1545-2122 |
Form 8931 - Agricultural Chemicals Security Credit |
1000 |
1545-2125 |
REG-143544-04 Regulations Enabling Elections for Certain Transaction Under Section 336(e) |
2,700 |
1545-2133 |
Rev. Proc. 2009-16, Section 168(k)(4) Election Procedures and Rev. Proc. 2009-33, Section 168(k)(4) Extension Property Elections |
350 |
1545-2134 |
Notice 2009-41- Credit for Residential Energy Efficient Property |
100 |
1545-2145 |
Notice 2009-52, Election of Investment Tax Credit in Lieu of Production Tax Credit; Coordination with Department of Treasury Grants for Specified Energy Property in Lieu of Tax Credits |
300000 |
1545-2147 |
Internal Revenue Code Section 108(i) Election |
4500 |
1545-2149 |
Treatment of Services Under Section 482; Allocation of Income and Deductions From Intangibles; Stewardship Expense (TD 9456) |
250 |
1545-2150 |
Notice 2009-58, Manufacturers' Certification of Specified Plug-in Electric Vehicles |
550000 |
1545-2151 |
Qualifying Advanced Energy Project Credit - Notice 2013-12 |
180 |
1545-2153 |
Notice 2009-83 - Credit for Carbon Dioxide Sequestration Under Section 45Q |
1,000 |
1545-2155 |
TD 9469 (REG-102822-08) Section 108 Reduction of Tax Attributes for S Corporations |
36000 |
1545-2156 |
Revenue Procedure 2010-13, Disclosure of Activities Grouped under Section 469 |
1500 |
1545-2158 |
Notice 2010-54: Production Tax Credit for Refined Coal |
5988 |
1545-2165 |
Notice of Medical Necessity Criteria under the Mental Health Parity and Addiction Equity Act of 2008 |
3260 |
1545-2183 |
Transfers by Domestic Corporations That Are Subject to Section 367(a)(5); Distributions by Domestic Corporations That Are Subject to Section 1248(f). (TD 9614 & 9615) |
694750 |
1545-2186 |
TD 9504, Basis Reporting by Securities Brokers and Basis Determination for Stock; TD 9616,TD9713, and TD 9750 |
1000 |
1545-2194 |
Rules for Certain Rental Real Estate Activities |
1800 |
1545-2209 |
REG-112805-10 - Branded Prescription Drugs |
403177 |
1545-2242 |
REG-135491-10 - Updating of Employer Identification Numbers |
200 |
1545-2245 |
REG-160873-04 - American Jobs Creation Act Modifications to Section 6708, Failure to Maintain List of Advisees With Respect to Reportable Transactions |
75000 |
1545-2247 |
TD 9633 - Limitations on Duplication of Net Built-in Losses |
400 |
1545-2259 |
Performance & Quality for Small Wind Energy Property |
1800 |
1545-2276 |
Safe Harbor for Inadvertent Normalization Violations |
48,909,072 |
Total: |
|
|
|
|
| File Type | application/vnd.openxmlformats-officedocument.wordprocessingml.document |
| File Modified | 0000-00-00 |
| File Created | 2021-12-29 |