Information Collection

Application To Use LIFO Inventory Method

IC 39399 under ICR 202307-1545-001 · OMB 1545-0042.

Documents and Forms

Documents and forms in this information collection
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

IC Title:

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:

table that charts list of 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 %

table that charts list of burden
	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

table that charts IC Documents
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.