2024 Buden Estimates

2024-1099MISC-Burden-2024-08-08 08-25-54.pdf

Form 1099-MISC -- Miscellaneous Information

2024 Buden Estimates

OMB: 1545-0115

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Burden Computation - Special Business Forms
August 08, 2024

Product: 1099MISC
Description: Miscellaneous income
Variables
Responses

OMB Number: 1545-0115

2019

Changes (+ -)

2024

99,447,800

-49,110,800

50,337,000

20

+6

26

Line Items
Percent Paid Preparor

0.85

0.85

Computation of Changes
Old Computation (Prog. Change)

50,337,000

×

0.31

=

15,604,470

New Computation

50,337,000

×

0.41

=

20,638,170

=

5,033,700

Balance
Old Computation (Adjustment)

99,447,800

×

0.31

=

30,828,818

New Computation

50,337,000

×

0.31

=

20,638,170

=

-15,224,348

Balance

Summary
Old Burden

30,828,818

Program Change

5,033,700

Adjustment

-15,224,348

New Burden

0.41

Paperwork Reduction Act Notice
Time Per Response
0.41
Average Hours Per Response
Record Keeping

0.0

Learning

0.0

Preparing

0.41

Sending

0.0

Notes: Update to accout for changes made as a result of APA comments received 10/12/23.
Updated estimates based on 2023 Pub 6961 - table 2

0 hrs. , 24 min.


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File Modified2024-08-08
File Created2024-08-08

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