Credit for Increasing Research Activities

ICR 202403-1545-001

OMB: 1545-0619

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supporting Statement A
2024-07-16
IC Document Collections
IC ID
Document
Title
Status
39789 Modified
ICR Details
1545-0619 202403-1545-001
Received in OIRA 202102-1545-020
TREAS/IRS
Credit for Increasing Research Activities
Extension without change of a currently approved collection   No
Regular 07/31/2024
  Requested Previously Approved
36 Months From Approved 07/31/2024
15,805 15,805
285,281 285,281
0 0

IRC section 38 allows a credit against income tax (determined under IRC section 41) for an increase in research activities in a trade or business. Form 6765 is used to figure and claim the credit for increasing research activities or to elect the reduced credit under section 280C. Partnerships, S corporations and estate or trust if the credit can be allocated to beneficiaries must file Form 6765 to claim the research credit.

US Code: 26 USC 38 Name of Law: General business credit
   US Code: 26 USC 280C Name of Law: Certain expenses for which credits are allowable
   US Code: 26 USC 41 Name of Law: Credit for increasing research activities
  
None

Not associated with rulemaking

  89 FR 16087 03/06/2024
89 FR 61586 07/31/2024
Yes

1
IC Title Form No. Form Name
Credit for Increasing Research Activities 6765 (draft) Credit for Increasing Research Activities

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 15,805 15,805 0 0 0 0
Annual Time Burden (Hours) 285,281 285,281 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$25,553
No
    Yes
    Yes
No
No
No
No
Laura Crain 346 227-6797

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
07/31/2024


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