2023 Burden Computation

2023-1099K-Burden-2023-01-17 15-58-47.pdf

Information Reporting for Payments Made in Settlement of Payment Card and Third-Party Network Transactions

2023 Burden Computation

OMB: 1545-2205

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Burden Computation - Special Business Forms
January 17, 2023

Product: 1099K
Description:
Variables
Responses

OMB Number: 1545-2205

2023

Changes (+ -)

10,000,000

Line Items
Percent Paid Preparor

2023

+400,000

10,400,000

31

31

0.85

0.85

Computation of Changes
Old Computation (Prog. Change)

10,400,000

×

0.48

=

4,992,000

New Computation

10,400,000

×

0.48

=

4,992,000

Balance

=

Old Computation (Adjustment)

10,000,000

×

0.48

=

4,800,000

New Computation

10,400,000

×

0.48

=

4,992,000

=

192,000

Balance

Summary
Old Burden

4,800,000

Program Change
Adjustment

192,000

New Burden

0.48

Paperwork Reduction Act Notice
Time Per Response
0.48
Average Hours Per Response
Record Keeping

0.0

Learning

0.0

Preparing

0.48

Sending
Notes: Updated filing estimate per Pub 6961.

0.0

0 hrs. , 28 min.


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File Modified2023-01-17
File Created2023-01-17

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