Application To Use LIFO Inventory Method

Form 970, Application To Use LIFO Inventory Method

Documents and Forms

Document Name Document Type
Form Form 970 Application To Use LIFO Inventory Method Form and Instruction
Form 970 Application to Use LIFO Inventory Method f970--2020-11-00.pdf Form and Instruction
Form 970 Application to Use LIFO Inventory Method f970--2020-11-00.pdf Form and Instruction

Information Collection (IC) Details

IC Title:	Application To Use LIFO Inventory Method	Agency IC Tracking Number:

Is this a Common Form? No		IC Status: Modified

Obligation to Respond: Mandatory

CFR Citation: 26 CFR 1.472-1 26 CFR 1.472-3 26 CFR 1.472-8

Information Collection Instruments:

Document Type	Form No.	Form Name	Instrument File	URL	Available Electronically?	Can Be Submitted Electronically?	Electronic Capability
Form and Instruction	Form 970	Application to Use LIFO Inventory Method	f970--2020-11-00.pdf		Yes	Yes	Fillable Fileable

Line of Business: General Government

Subfunction: Taxation Management

Privacy Act System of Records
Title: Treasury/IRS 22.062; Treasury/IRS 24.030; Treasury/IRS 24.046; Treasury/IRS 34.037	FR Citation: 80 FR 54063

Number of Respondents: 100	Number of Respondents for Small Entity: 0

Affected Public: Private Sector	Private Sector: Businesses or other for-profits, Not-for-profit institutions

Percentage of Respondents Reporting Electronically: 95 %

	Approved	Change Due to Adjustment in Agency Estimate	Previously Approved
Annual Number of Responses for this IC	100	-1,900	2,000
Annual IC Time Burden (Hours)	2,111	-40,109	42,220
Annual IC Cost Burden (Dollars)	0	0	0

Documents for IC

Title	Document	Date Uploaded
No associated records found

Blank fields in records indicate information that was not collected or not collected electronically prior to July 2006.