Burden

Burden Computation - Special Business Forms
August 08, 2024

Product: 1099-NEC
Description:
Variables
Responses

OMB Number: 1545-0116

2023

Changes (+ -)

2024

101,154,000

-13,028,500

88,125,500

14

+3

17

Line Items
Percent Paid Preparor

0.85

0.85

Computation of Changes
Old Computation (Prog. Change)

88,125,500

×

0.22

=

19,387,610

New Computation

88,125,500

×

0.26

=

22,912,630

=

3,525,020

Balance
Old Computation (Adjustment)
New Computation

101,154,000

×

0.22

=

22,253,880

88,125,500

×

0.22

=

22,912,630

=

-2,866,270

Balance

Summary
Old Burden

22,253,880

Program Change

3,525,020

Adjustment

-2,866,270

New Burden

0.26

Paperwork Reduction Act Notice
Time Per Response
0.26
Average Hours Per Response
Record Keeping

0.0

Learning

0.0

Preparing

0.26

Sending

0.0

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

0 hrs. , 15 min.