Proposed Collection; Comment Request for Form 1040 and Schedules A, B, C, C-EZ, D, D-1, E, EIC, F, H, J, R, and SE, Form 1040A and Schedules 1, 2, and 3, and Form 1040EZ, and All Attachments to These Forms, 39550-39555 [05-13593]
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39550
Federal Register / Vol. 70, No. 130 / Friday, July 8, 2005 / Notices
DEPARTMENT OF THE TREASURY
DEPARTMENT OF THE TREASURY
Departmental Offices; Renewal of the
Treasury Borrowing Committee of the
Bond Market Association
Departmental Offices; Debt
Management Advisory Committee
Meeting
ACTION:
Notice of renewal.
SUMMARY: In accordance with the
Federal Advisory Committee Act, as
amended (Pub. L. 92–463; 5 U.S.C. App.
2) with the concurrence of the General
Services Administration, the Secretary
of the Treasury has determined that
renewal of the Treasury Borrowing
Advisory Committee of The Bond
Market Association (the ‘‘Committee’’)
is necessary and in the public interest
in connection with the performance of
duties imposed on the Department of
the Treasury by law.
EFFECTIVE DATE:
July 11, 2005.
FOR FURTHER INFORMATION CONTACT:
Jeff
Huther, Director, Office of Debt
Management (202) 622–2630.
The
purpose of the Committee is to provide
informed advice as representatives of
the financial community to the
Secretary of the Treasury and Treasury
staff, upon the Secretary of the
Treasury’s request, in carrying out
Treasury responsibilities for federal
financing and public debt management.
The Committee meets to consider
special items on which its advice is
sought pertaining to immediate
Treasury funding requirements and
pertaining to longer term approaches to
manage the national debt in a costeffective manner. The Committee
usually meets immediately before the
Treasury announces each mid-calendar
quarter funding operation, although
special meetings also may be held.
Membership consists of 15–20
individuals who are experts in the
government securities market and who
are involved in senior positions in debt
markets as institutional investors,
investment advisors, or as dealers in
government securities.
The Designated Federal Official for
the Advisory Committee is the Director
of the Office of Debt Management,
reporting through the Assistant
Secretary for Financial Markets. The
Treasury Department filed copies of the
Committee’s renewal charter with
appropriate committees in Congress.
SUPPLEMENTARY INFORMATION:
Dated: June 30, 2005.
Timothy Bitsberger,
Assistant Secretary, Financial Markets.
[FR Doc. 05–13410 Filed 7–7–05; 8:45 am]
BILLING CODE 4811–15–M
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Notice is hereby given, pursuant to 5
U.S.C. App. 2, § 10(a)(2), that a meeting
will be held at the Hay-Adams Hotel,
16th and Pennsylvania Avenue, NW.,
Washington, DC, on August 2, 2005, at
11:30 a.m. of the following debt
management advisory committee:
Treasury Borrowing Advisory
Committee of The Bond Market
Association (‘‘Committee’’).
The agenda for the meeting provides
for a charge by the Secretary of the
Treasury or his designate that the
committee discuss particular issues, and
a working session. Following the
working session, the Committee will
present a written report of its
recommendations. The meeting will be
closed to the public, pursuant to 5
U.S.C. App. 2, § 10(d) and Public Law
103–202, § 202(c)(1)(B) (31 U.S.C. 3121
note).
This notice shall constitute my
determination, pursuant to the authority
placed in heads of agencies by 5 U.S.C.
App. 2, § 10(d) and vested in me by
Treasury Department Order No. 101–05,
that the meeting will consist of
discussions and debates of the issues
presented to the Committee by the
Secretary of the Treasury and the
making of recommendations of the
Committee of the Secretary, pursuant to
Public Law 103–202, § 202(c)(1)(B).
Thus, this information is exempt from
disclosure under that provision and 5
U.S.C. 552b(c)(3)(B). In addition, the
meeting is concerned with information
that is exempt from disclosure under 5
U.S.C. 552b(c)(9)(A). The public interest
requires that such meetings be closed to
the public because the Treasury
Department requires frank and full
advice from representatives of the
financial community prior to making its
final decisions on major financing
operations. Historically, this advice has
been offered by debt management
advisory committees established by the
several major segments of the financial
community. When so utilized, such a
committee is recognized to be an
advisory committee under 5 U.S.C. App.
2, § 3.
Although the Treasury’s final
announcement of financing plans may
not reflect the recommendations
provided in reports of the Committee,
premature disclosure of the Committee’s
deliberations and reports would be
likely to lead to significant financial
speculation in the securities market.
This, the meeting falls within the
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exemption covered by 5 U.S.C.
552b(c)(9)(A).
Treasury staff will provide a technical
briefing to the press on the day before
the Committee meeting, following the
release of a statement of economic
conditions, financing estimates and
technical charts. This briefing will give
the press an opportunity to ask
questions about financing projections
and technical charts. The day after the
Committee meeting, Treasury will
release the minutes of the meeting, any
charts that were discussed at the
meeting, and the Committee’s report to
the Secretary.
The Office of Debt Management is
responsible for maintaining records of
debt management advisory committee
meetings and for providing annual
reports setting forth a summary of
Committee activities and such other
matters as may be informative to the
public consistent with the policy of 5
U.S.C. 552(b). the Designated Federal
Officer or other responsible agency
official who may be contacted for
additional information is Jeff Huther,
Director, Office of Debt Management, at
(202) 622–1868.
Dated: June 30, 2005.
Timothy Bitsberger,
Assistant Secretary, Financial Markets.
[FR Doc. 05–13409 Filed 7–7–05; 8:45 am]
BILLING CODE 4810–25–M
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1040 and Schedules
A, B, C, C–EZ, D, D–1, E, EIC, F, H, J,
R, and SE, Form 1040A and Schedules
1, 2, and 3, and Form 1040EZ, and All
Attachments to These Forms
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
SUMMARY: The Internal Revenue Service,
as part of its continuing effort to reduce
paperwork and respondent burden,
invites the general public and other
Federal agencies to take this
opportunity to comment on proposed
and continuing information collections,
as required by the Paperwork Reduction
Act of 1995 (PRA), Public Law 104–13
(44 U.S.C. 3506(c)(2)(A)). This notice
requests comments on all forms used by
individual taxpayers: Form 1040, U.S.
Individual Income Tax Return, and
Schedules A, B, C, C–EZ, D, D–1, E, EIC,
F, H, J, R, and SE; Form 1040A and
Schedules 1, 2, and 3; Form 1040EZ;
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and all attachments to these forms (see
the Appendix to this notice). With this
notice, the IRS is also announcing
significant changes to (1) the manner in
which tax forms used by individual
taxpayers will be approved under the
PRA and (2) its method of estimating the
paperwork burden imposed on all
individual taxpayers.
DATES: Written comments should be
received on or before September 6, 2005
to be assured of consideration.
ADDRESSES: Direct all written comments
to The OMB Unit,
SE:W:CAR:MP:T:T:SP, Internal Revenue
Service, Room 6406, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Chief,
RAS:R:TSBR, NCA 7th Floor, Internal
Revenue Service, 1111 Constitution
Avenue, NW., Washington, DC 20224,
or through the internet at
ChiefTSBR@irs.gov.
SUPPLEMENTARY INFORMATION:
Change in PRA Approval of Forms
Used by Individual Taxpayers
Under the PRA, OMB assigns a
control number to each ‘‘collection of
information’’ that it reviews and
approves for use by an agency. A single
information collection may consist of
one or more forms, recordkeeping
requirements, and/or third-party
disclosure requirements. Under the PRA
and OMB regulations, agencies have the
discretion to seek separate OMB
approvals for individual forms,
recordkeeping requirements, and thirdparty reporting requirements or to
combine any number of forms,
recordkeeping requirements, and/or
third-party disclosure requirements
(usually related in subject matter) under
one OMB Control Number. Agency
decisions on whether to group
individual requirements under a single
OMB Control Number or to disaggregate
them and request separate OMB Control
Numbers are based largely on
considerations of administrative
practicality.
The PRA also requires agencies to
estimate the burden for each collection
of information. Accordingly, each OMB
Control Number has an associated
burden estimate. The burden estimates
for each control number are displayed
in (1) the PRA notices that accompany
collections of information, (2) Federal
Register notices such as this one, and
(3) in OMB’s database of approved
information collections. If more than
one form, recordkeeping requirement,
and/or third-party disclosure
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requirement is approved under a single
control number, then the burden
estimate for that control number reflects
the burden associated with all of the
approved forms, recordkeeping
requirements, and/or third-party
disclosure requirements.
As described below under the heading
‘‘New Burden Model,’’ the IRS’’ new
Individual Taxpayer Burden Model
(ITBM) estimates of taxpayer burden are
based on taxpayer characteristics and
activities, taking into account, among
other things, the forms and schedules
generally used by those groups of
individual taxpayers and the
recordkeeping and other activities
needed to complete those forms. The
ITBM represents the first phase of a
long-term effort to improve the ability of
IRS to measure the burden imposed on
various groups of taxpayers by the
Federal tax system. While the new
methodology provides a more accurate
and comprehensive description of
individual taxpayer burden, it does not
estimate burden on a form-by-form
basis, as has been done under the
previous methodology. When the prior
model was developed in the mid-1980s,
almost all tax returns were prepared
manually, either by the taxpayer or a
paid provider. In this context, it was
determined that estimating burden on a
form-by-form basis was an appropriate
methodology. Today, about 85 percent
of all individual tax returns are
prepared utilizing computer software
(either by the taxpayer or a paid
provider), and about 15 percent are
prepared manually. In this environment,
in which many taxpayers’ activities are
no longer as directly associated with
particular forms, estimating burden on a
form-by-form basis is not an appropriate
measurement of taxpayer burden. The
new model, which takes into account
broader and more comprehensive
taxpayer characteristics and activities,
provides a much more accurate and
useful estimate of taxpayer burden.
Currently, there are 121 forms used by
individual taxpayers. These include
Forms 1040, 1040A, 1040 EZ, and their
schedules and all the forms individual
taxpayers attach to their tax returns (see
the Appendix to this notice). For most
of these forms, IRS has in the past
obtained separate OMB approvals under
unique OMB Control Numbers and
separate burden estimates.
Since the ITBM does not estimate
burden on a form-by-form basis, IRS is
no longer able to provide burden
estimates for each tax form used by
individuals. The ITBM estimates the
aggregate burden imposed on individual
taxpayers, based upon their tax-related
characteristics and activities. IRS
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39551
therefore will seek OMB approval of all
121 individual tax forms as a single
‘‘collection of information.’’ The
aggregate burden of these tax forms will
be accounted for under OMB Control
Number 1545–0074, which is currently
assigned to Form 1040 and its
schedules. OMB Control Number 1545–
0074 will be displayed on all individual
tax forms and other information
collections. As a result of this change,
burden estimates for individual
taxpayers will now be displayed
differently in PRA Notices on tax forms
and other information collections, and
in Federal Register notices. This new
way of displaying burden is presented
below under the heading ‘‘Proposed
PRA Submission to OMB.’’ Since 74 of
the 121 forms used by individual
taxpayers are also used by corporations,
partnerships, and other kinds of
taxpayers, there will be a transition
period during which IRS will report
different burden estimates for
individual taxpayers and for other
taxpayers using the same forms. For
those forms used by both individual and
other taxpayers, IRS will display two
OMB Control Numbers (1545–0074 and
the OMB Control Numbers currently
assigned to these forms) and provide
two burden estimates. The burden
estimates for individual taxpayers will
be reported and accounted for as
described in this notice. The burden
estimates for other users of these forms
will be determined under existing
methodology based on form length and
complexity.
New Burden Model
Data from the new ITBM revises the
estimates of the levels of burden
experienced by individual taxpayers
when complying with the Federal tax
laws. It replaces the earlier burden
measurement developed in the mid1980s. Since that time, improved
technology and modeling sophistication
have enabled the IRS to improve the
burden estimates. The new model
provides taxpayers and the IRS with a
more comprehensive understanding of
the current levels of taxpayer burden. It
reflects major changes over the past two
decades in the way taxpayers prepare
and file their returns. The new ITBM
also represents a substantial step
forward in the IRS’ ability to assess
likely impacts of administrative and
legislative changes on individual
taxpayers.
The ITBM’s approach to measuring
burden focuses on the characteristics
and activities of individual taxpayers
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rather than the forms they use.1 Key
determinants of taxpayer burden in the
model are the way the taxpayer prepares
the return (e.g., with software or paid
preparer) and the taxpayer’s activities,
such as recordkeeping and tax planning.
In contrast, the previous estimates
primarily focused on the length and
complexity of each tax form. The
changes between the old and new
burden estimates are due to the
improved ability of the new
methodology to measure burden and the
expanded scope of what is measured.
These changes create a one-time shift in
the estimate of burden levels that
reflects the better measurement of the
new model. The differences in estimates
between the models do not reflect any
change in the actual burden experienced
by taxpayers. Comparisons should not
be made between these and the earlier
published estimates, because the models
measure burden in different ways.
Employed’’ taxpayers are individual
taxpayers who file a Form 1040 and a
Schedule C, C–EZ, E, or F, or Form
2106. All other individual taxpayers
using a Form 1040 are ‘‘Wage and
Investment’’ taxpayers. The taxpayer’s
choice of preparation method is
identified as a major factor influencing
burden levels. The preparation methods
are:
• Self-prepared without software
• Self-prepared with software
• Used a paid tax preparer
The separate types of taxpayer
activities measured in the model are:
• Recordkeeping
• Form completion
• Form submission (electronic and
paper)
• Tax planning
• Use of services (IRS and paid
professional)
• Gathering tax materials
Methodology
Burden is defined as the time and outof-pocket costs incurred by taxpayers to
comply with the Federal tax system. For
the first time, the time expended and
the out-of-pocket costs are estimated
separately. The new methodology
distinguishes among preparation
methods, taxpayer activities, types of
individual taxpayer, filing methods, and
income levels. Indicators of complexity
in tax laws as reflected in tax forms and
instructions are incorporated in the
model.
The new model follows IRS’
classification of taxpayer types:
individual taxpayers are taxpayers who
file any type of Form 1040. ‘‘Self-
Tables 1, 2, and 3 show the burden
model estimates. In tax year 2003 the
burden of all individual taxpayers filing
Forms 1040, 1040A or 1040EZ averaged
about 23 hours per return filed, or a
total of more than 3 billion hours.
Similarly, the average out-of-pocket
taxpayer costs were estimated to be
$179 per return filed or a total of $23.4
billion. Including associated forms and
schedules, taxpayers filing Form 1040
had an average burden of about 30
hours, taxpayers filing Form 1040A
averaged about 9 hours, and those filing
1040 EZ averaged about 7 hours.
The data shown are the best estimates
from tax returns filed for 2003 currently
available as of June 27, 2005. The
Taxpayer Burden Estimates
estimates are subject to change as new
forms and data become available.
Estimates for combinations of major
forms and schedules commonly used
will be available and the most up-todate estimates and supplementary
information can be found on the IRS
Web site: https://www.irs.gov.
Proposed PRA Submission to OMB
Title: U.S. Individual Income Tax
Return.
OMB Number: 1545–0074.
Form Numbers: Form 1040 and
Schedules A, B, C, C–EZ, D, D–1, E, EIC,
F, H, J, R, and SE; Form 1040A and
Schedules 1, 2 and 3; Form 1040EZ; and
all attachments to these forms (see the
Appendix to this notice).
Abstract: These forms are used by
individuals to report their income tax
liability. The data is used to verify that
the items reported on the forms are
correct, and also for general statistics
use.
Current Actions: Changes are being
made to the forms and the method of
burden computation.
Type of Review: Extension of
currently approved collections.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
130,200,000.
Total Estimated Time: 3.0 billion
hours.
Estimated Time Per Respondent: 23.3
hours.
Total Estimated Out-of-Pocket Costs:
$23.4 billion.
Estimated Out-of-Pocket Cost Per
Respondent: $179.
TABLE 1.—TAXPAYER BURDEN FOR INDIVIDUAL TAXPAYERS WHO FILED FORM 1040, BY PREPARATION METHOD
Average burden
Number
of returns
(millions)
Major form filed or type of
taxpayer
Average for all preparation methods
Hours
All Taxpayers Filing Form 1040,
1040A and 1040EZ ..................
Major Form Filed:
Taxpayers Filing Form 1040
(and associated forms) .........
Taxpayers Filing Form 1040A
(and associated forms) .........
Taxpayers Filing Form 1040EZ
Type of Taxpayer *:
Wage and Investment ..............
Self-Employed ..........................
Costs
(dollars)
Self-prepared without
tax software
Costs
(dollars)
Hours
Self-prepared with tax
software
Hours
Costs
(dollars)
Prepared by paid
professional
Hours
Costs
(dollars)
130.2
23.3
$179
16.4
$17
27.9
$44
22.9
$268
88.2
30.5
242
26.9
$21
36.6
52
28.7
338
23.3
18.7
9.1
7.2
62
29
10.8
7.0
29
1
11.5
10.1
44
9
7.4
5.5
82
60
94.6
35.6
11.8
53.9
93
410
11.5
48.5
14
31
17.8
68.4
35
81
9.0
53.9
142
522
Note: Detail may not add to total due to rounding.
* You are a ‘‘Wage and Investment’’ taxpayer (as defined by IRS) if you did not file a Schedule C, Schedule C–EZ, Schedule E, Schedule F, or
Form 2106. If you filed a Schedule C, Schedule C–EZ, E, or F, or Form 2106, you are a ‘‘Self-Employed’’ taxpayer.
1 As IRS continues to develop the new burden
model, the new method of estimating burden will
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be expanded to cover other groups of taxpayers
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(corporations, partnerships, tax-exempt entities,
etc.).
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TABLE 2.—TAXPAYER BURDEN FOR TAXPAYERS WHO FILED FORM 1040, BY PREPARATION METHOD
Average burden
Type of taxpayer * and common combinations
of forms filed
Average for all preparation methods
Self-prepared without
tax software
Costs
(dollars)
Hours
Self-prepared with tax
software
Costs
(dollars)
Hours
Hours
Costs
(dollars)
Prepared by paid
professional
Hours
Costs
(dollars)
Common Filing Combinations of Wage & Investment Taxpayers
Wage and Investment Taxpayers ....................
Form 1040 and other forms and schedules,
but not Schedules A and D ......................
Form 1040 and Schedule A and other forms
and schedules, but not Schedule D .........
Form 1040 and Schedule D and other
forms and schedules, but not Schedule A
Form 1040 and Schedules A and D and
other forms and schedules .......................
11.8
$93
11.5
$14
17.8
$35
9.0
$142
9.2
88
12.2
17
15.8
34
6.6
118
16.3
126
19.2
17
22.6
41
11.9
198
17.6
159
22.5
14
27.3
48
12.9
223
24.6
239
32.8
13
35.4
44
18.1
365
Common Filing Combinations of Self-Employed Taxpayers
Self-Employed Taxpayers ................................
Form 1040 and Schedule C and other forms
and schedules, but not Schedules E or F or
Form 2106 ....................................................
Form 1040 and Schedule E and other forms
and schedules, but not Schedules C or F
or Form 2106 ............................................
Form 1040 and Schedule F and other forms
and schedules, but not Schedules C or E
or Form 2106 ............................................
Form 1040 and Form 2106 and other forms
and schedules but not Schedules C, E, or
F ................................................................
Form 1040 and forms and schedules including more than one of the SE forms
(Schedules C, E, or F or Form 2106) ......
53.9
$410
48.5
$31
68.4
$81
53.9
$522
59.4
245
51.4
24
74.6
63
56.1
323
44.7
591
37.5
43
57.7
100
42.8
717
34.8
238
38.1
37
49.7
81
34.8
238
55.4
242
42.0
32
62.5
80
55.8
283
69.4
618
72.0
40
88.3
99
65.7
746
* You are a ‘‘Wage and Investment’’ taxpayer (as defined by IRS) if you did not file a Schedule C, Schedule C–EZ, Schedule E, Schedule F, or
Form 2106. If you filed a Schedule C, Schedule C–EZ, E, or F, or Form 2106, you are a ‘‘Self-Employed’’ taxpayer.
TABLE 3.—TAXPAYER BURDEN FOR TAXPAYERS WHO FILED FORM 1040, BY ACTIVITY
Percent of
returns filed
(percent)
Form or schedule
All Taxpayers ...........................................
Form 1040 ............................................
Form 1040A ..........................................
Form 1040EZ .......................................
Type of Taxpayer * ...................................
Wage and Investment ..........................
Self-Employed ......................................
Average time burden of taxpayer activities (hours per return)
Recordkeeping
Total time
100%
68
18
14
100
73
27
Tax planning
Form completion
All other activities
Average
costs per
return
(dollars)
23.3
30.5
9.1
7.2
14.1
19.1
4.3
2.5
3.2
4.2
1.1
1.5
3.2
3.8
1.9
2.1
2.8
3.5
1.8
1.2
$179
242
63
29
11.8
53.9
5.0
38.1
2.3
5.8
2.7
4.4
1.8
1.2
93
410
Note: Detail may not add to total due to rounding.
* You are a ‘‘Wage and Investment’’ taxpayer (as defined by IRS) if you did not file a Schedule C, Schedule C–EZ, Schedule E, Schedule F, or
Form 2106. If you filed a Schedule C, Schedule C–EZ, E, or F, or Form 2106, you are a ‘‘Self-Employed taxpayer.’’
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB Control Number.
Books or records relating to a
collection of information must be
retained as long as their contents may
become material in the administration
of any internal revenue law. Generally,
tax returns and tax return information
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are confidential, as required by 26
U.S.C. 6103.
Request for Comments
Comments submitted in response to
this notice will be summarized and/or
included in the request for OMB
approval. All comments will become a
matter of public record. Comments are
invited on: (a) Whether the collection of
information is necessary for the proper
performance of the functions of the
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agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
information; (c) ways to enhance the
quality, utility, and clarity of the
information to be collected; (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology; and (e) estimates of capital
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or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: July 6, 2005.
R. Joseph Durbala,
Acting IRS Reports Clearance Officer.
Appendix
OMB No.
0028
0043
0047
0074
0074
0074
0074
0074
0074
0074
0074
0074
0074
0074
0074
0074
0121
0134
0073
0139
1441
0071
0140
0140
0070
0145
0068
0067
1326
0152
0155
0159
0895
0062
0162
0059
0166
0172
0173
0177
0184
0187
0191
0192
0193
0803
0203
0704
0216
0219
0712
0227
0228
0231
0619
0644
0790
0881
0889
0889
0908
0915
1210
0930
1008
1034
0984
1021
...........
...........
...........
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...........
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VerDate jul<14>2003
Form
Title
926 ........................
970 ........................
982 ........................
1040 (SCH A) .......
1040 (SCH B) .......
1040 (SCH C) .......
1040 (SCH D) .......
1040 (SCH E) .......
1040 (SCH F) .......
1040 (SCH R) .......
1040 (SCH SE) .....
1040 (SCH J) ........
1040 (SCH EIC) ....
1040 (SCH H) .......
1040 (SCH D–1) ...
1040 (SCH C–EZ)
1116 ......................
1128 ......................
1310 ......................
2106 ......................
2106 EZ ................
2120 ......................
2210 ......................
2210 F ...................
2350 ......................
2439 ......................
2441 ......................
2555 ......................
2555 EZ ................
3115 ......................
3468 ......................
3520 ......................
3800 ......................
3903 ......................
4136 ......................
4137 ......................
4255 ......................
4562 ......................
4563 ......................
4684 ......................
4797 ......................
4835 ......................
4952 ......................
4970 ......................
4972 ......................
5074 ......................
5329 ......................
5471 ......................
5713 ......................
5884 ......................
6198 ......................
6251 ......................
6252 ......................
6478 ......................
6765 ......................
6781 ......................
8082 ......................
8271 ......................
8275 ......................
8275 R ..................
8283 ......................
8332 ......................
8379 ......................
8396 ......................
8582 ......................
8582 CR ................
8586 ......................
8594 ......................
Return by a U.S. Transferor of Property to a Foreign Corporation.
Application To Use LIFO Inventory Method.
Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment.
Itemized Deductions.
Interest and Ordinary Dividends.
Profit or Loss From Business.
Capital Gains and Losses.
Supplemental Income and Loss.
Profit or Loss From Farming.
Credit for the Elderly or the Disabled.
Self-Employment Tax.
Income Averaging for Farmers and Fishermen.
Earned Income Credit.
Household Employment Taxes.
Continuation Sheet for Schedule D.
Net Profit From Business.
Foreign Tax Credit.
Application To Adopt, Change, or Retain a Tax Year.
Statement of Person Claiming Refund Due a Deceased Taxpayer.
Employee Business Expenses.
Unreimbursed Employee Business Expenses.
Multiple Support Declaration.
Underpayment of Estimated Tax by Individuals, Estates, and Trusts.
Underpayment of Estimated Tax by Farmers and Fishermen.
Application for Extension of Time To File U.S. Income Tax Return.
Notice to Shareholder of Undistributed Long-Term Capital Gains.
Child and Dependent Care Expenses.
Foreign Earned Income.
Foreign Earned Income Exclusion.
Application for Change in Accounting Method.
Investment Credit.
Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts.
General Business Credit.
Moving Expenses.
Credit for Federal Tax Paid on Fuels.
Social Security and Medicare Tax on Unreported Tip Income.
Recapture of Investment Credit.
Depreciation and Amortization.
Exclusion of Income for Bona Fide Residents of American Samoa.
Casualties and Thefts.
Sales of Business Property.
Farm Rental Income and Expenses.
Investment Interest Expense Deduction.
Tax on Accumulation Distribution of Trusts.
Tax on Lump-Sum Distributions.
Allocation of Individual Income Tax to Guam or the Commonwealth of the Northern Mariana Islands (CNMI).
Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts.
Information Return of U.S. Persons With Respect to Certain Foreign Corporations.
International Boycott Report.
Work Opportunity Credit.
At-Risk Limitations.
Alternative Minimum Tax—Individuals.
Installment Sale Income.
Credit for Alcohol Used as Fuel.
Credit for Increasing Research Activities.
Gains and Losses From Section 1256 Contracts and Straddles.
Notice of Inconsistent Treatment or Administrative Adjustment Request (AAR).
Investor Reporting of Tax Shelter Registration Number.
Disclosure Statement.
Regulation Disclosure Statement.
Noncash Charitable Contributions.
Release of Claim to Exemption for Child of Divorced or Separated Parents.
Injured Spouse Claim and Allocation.
Mortgage Interest Credit.
Passive Activity Loss Limitations.
Passive Activity Credit Limitations.
Low-Income Housing Credit.
Asset Acquisition Statement.
16:32 Jul 07, 2005
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OMB No.
Form
Title
1007
0988
1035
0998
1002
1032
1031
1073
1620
1128
1173
1505
1190
1205
1288
1266
1282
1374
1362
1829
1552
1410
1411
1444
1417
1414
1416
1561
1567
1910
1584
1606
1569
1619
1618
1924
1668
1622
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8606
8609
8611
8615
8621
8689
8697
8801
8812
8814
8815
8820
8824
8826
8828
8829
8830
8834
8835
8836
8839
8840
8843
8844
8845
8846
8847
8853
8854
8858
8859
8860
8861
8862
8863
8864
8865
8866
1722
1804
1805
1810
1809
1807
1800
1911
1928
1914
NEW
NEW
NEW
NEW
0007
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8873 ......................
8874 ......................
8880 ......................
8881 ......................
8882 ......................
8885 ......................
8886 ......................
8889 ......................
8891 ......................
8896 ......................
8898 ......................
8900 ......................
8903 ......................
8904 ......................
T (Timber) .............
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(SCH A) .......
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Nondeductible IRAs.
Annual Statement.
Recapture of Low-Income Housing Credit.
Tax for Children Under Age 14 With Investment Income of More Than $1,600.
Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund.
Allocation of Individual Income Tax to the Virgin Islands.
Interest Computation Under the Look-Back Method for Completed Long-Term Contracts.
Credit for Prior Year Minimum Tax—Individuals, Estates, and Trusts.
Additional Child Tax Credit.
Parents’ Election to Report Child’s Interest and Dividends.
Exclusion of Interest From Series EE and I U.S. Savings Bonds Issued After 1989.
Orphan Drug Credit.
Like-Kind Exchanges.
Disabled Access Credit.
Recapture of Federal Mortgage Subsidy.
Expenses for Business Use of Your Home.
Enhanced Oil Recovery Credit.
Qualified Electric Vehicle Credit.
Renewable Electricity and Refined Coal Production Credit.
Qualifying Children Residency Statement.
Qualified Adoption Expenses.
Closer Connection Exception Statement for Aliens.
Statement for Exempt Individuals and Individuals With a Medical Condition.
Empowerment Zone and Renewal Community Employment Credit.
Indian Employment Credit.
Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips.
Credit for Contributions to Selected Community Development Corporations.
Archer MSAs and Long-Term Care Insurance Contracts.
Initial and Annual Expatriation Information Statement.
Information Return of U.S. Persons With Respect to Foreign Disregarded Entities.
District of Columbia First-Time Homebuyer Credit.
Qualified Zone Academy Bond Credit.
Welfare-to-Work Credit.
Information To Claim Earned Income Credit After Disallowance.
Education Credits.
Biodiesel Fuels Credit.
Return of U.S. Persons With Respect to Certain Foreign Partnerships.
Interest Computation Under the Look-Back Method for Property Depreciated Under the Income Forecast
Method.
Extraterritorial Income Exclusion.
New Markets Credit.
Credit for Qualified Retirement Savings Contributions.
Credit for Small Employer Pension Plan Startup Costs.
Credit for Employer-Provided Childcare Facilities and Services.
Health Coverage Tax Credit.
Reportable Transaction Disclosure Statement.
Health Savings Accounts (HSAs).
U.S. Information Return for Beneficiaries of Certain Canadian Registered Retirement Plans.
Low Sulfur Diesel Fuel Production Credit.
Statement for Individuals Who Begin or End Bona Fide Residence in a U.S. Possesion.
Qualified Railroad Track Maintenance Credit.
Domestic Production Activities Deduction.
Marginal Wells Oil and Gas Production Credit.
Forest Activities Schedules.
[FR Doc. 05–13593 Filed 7–7–05; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Office of Thrift Supervision
Submission for OMB Review;
Comment Request—Electronic
Operations
Office of Thrift Supervision
(OTS), Treasury.
AGENCY:
ACTION:
Notice and request for comment.
VerDate jul<14>2003
17:25 Jul 07, 2005
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SUMMARY: The proposed information
collection requirement described below
has been submitted to the Office of
Management and Budget (OMB) for
review, as required by the Paperwork
Reduction Act of 1995. OTS is soliciting
public comments on the proposal.
DATES: Submit written comments on or
before August 8, 2005.
ADDRESSES: Send comments, referring to
the collection by title of the proposal or
by OMB approval number, to OMB and
OTS at these addresses: Mark D.
Menchik, Office of Information and
Regulatory Affairs, Office of
PO 00000
Frm 00073
Fmt 4703
Sfmt 4703
Management and Budget, Room 10236,
New Executive Office Building,
Washington, DC 20503, or e-mail to
mmenchik@omb.eop.gov; and
Information Collection Comments, Chief
Counsel’s Office, Office of Thrift
Supervision, 1700 G Street, NW.,
Washington, DC 20552, by fax to (202)
906–6518, or by e-mail to
infocollection.comments@ots.treas.gov.
OTS will post comments and the related
index on the OTS Internet site at http:/
/www.ots.treas.gov. In addition,
E:\FR\FM\08JYN1.SGM
08JYN1
]]>Agencies
[Federal Register Volume 70, Number 130 (Friday, July 8, 2005)]
[Notices]
[Pages 39550-39555]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 05-13593]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 1040 and Schedules
A, B, C, C-EZ, D, D-1, E, EIC, F, H, J, R, and SE, Form 1040A and
Schedules 1, 2, and 3, and Form 1040EZ, and All Attachments to These
Forms
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Internal Revenue Service, as part of its continuing effort
to reduce paperwork and respondent burden, invites the general public
and other Federal agencies to take this opportunity to comment on
proposed and continuing information collections, as required by the
Paperwork Reduction Act of 1995 (PRA), Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). This notice requests comments on all forms used by
individual taxpayers: Form 1040, U.S. Individual Income Tax Return, and
Schedules A, B, C, C-EZ, D, D-1, E, EIC, F, H, J, R, and SE; Form 1040A
and Schedules 1, 2, and 3; Form 1040EZ;
[[Page 39551]]
and all attachments to these forms (see the Appendix to this notice).
With this notice, the IRS is also announcing significant changes to (1)
the manner in which tax forms used by individual taxpayers will be
approved under the PRA and (2) its method of estimating the paperwork
burden imposed on all individual taxpayers.
DATES: Written comments should be received on or before September 6,
2005 to be assured of consideration.
ADDRESSES: Direct all written comments to The OMB Unit,
SE:W:CAR:MP:T:T:SP, Internal Revenue Service, Room 6406, 1111
Constitution Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Chief,
RAS:R:TSBR, NCA 7th Floor, Internal Revenue Service, 1111 Constitution
Avenue, NW., Washington, DC 20224, or through the internet at
ChiefTSBR@irs.gov.
SUPPLEMENTARY INFORMATION:
Change in PRA Approval of Forms Used by Individual Taxpayers
Under the PRA, OMB assigns a control number to each ``collection of
information'' that it reviews and approves for use by an agency. A
single information collection may consist of one or more forms,
recordkeeping requirements, and/or third-party disclosure requirements.
Under the PRA and OMB regulations, agencies have the discretion to seek
separate OMB approvals for individual forms, recordkeeping
requirements, and third-party reporting requirements or to combine any
number of forms, recordkeeping requirements, and/or third-party
disclosure requirements (usually related in subject matter) under one
OMB Control Number. Agency decisions on whether to group individual
requirements under a single OMB Control Number or to disaggregate them
and request separate OMB Control Numbers are based largely on
considerations of administrative practicality.
The PRA also requires agencies to estimate the burden for each
collection of information. Accordingly, each OMB Control Number has an
associated burden estimate. The burden estimates for each control
number are displayed in (1) the PRA notices that accompany collections
of information, (2) Federal Register notices such as this one, and (3)
in OMB's database of approved information collections. If more than one
form, recordkeeping requirement, and/or third-party disclosure
requirement is approved under a single control number, then the burden
estimate for that control number reflects the burden associated with
all of the approved forms, recordkeeping requirements, and/or third-
party disclosure requirements.
As described below under the heading ``New Burden Model,'' the
IRS'' new Individual Taxpayer Burden Model (ITBM) estimates of taxpayer
burden are based on taxpayer characteristics and activities, taking
into account, among other things, the forms and schedules generally
used by those groups of individual taxpayers and the recordkeeping and
other activities needed to complete those forms. The ITBM represents
the first phase of a long-term effort to improve the ability of IRS to
measure the burden imposed on various groups of taxpayers by the
Federal tax system. While the new methodology provides a more accurate
and comprehensive description of individual taxpayer burden, it does
not estimate burden on a form-by-form basis, as has been done under the
previous methodology. When the prior model was developed in the mid-
1980s, almost all tax returns were prepared manually, either by the
taxpayer or a paid provider. In this context, it was determined that
estimating burden on a form-by-form basis was an appropriate
methodology. Today, about 85 percent of all individual tax returns are
prepared utilizing computer software (either by the taxpayer or a paid
provider), and about 15 percent are prepared manually. In this
environment, in which many taxpayers' activities are no longer as
directly associated with particular forms, estimating burden on a form-
by-form basis is not an appropriate measurement of taxpayer burden. The
new model, which takes into account broader and more comprehensive
taxpayer characteristics and activities, provides a much more accurate
and useful estimate of taxpayer burden.
Currently, there are 121 forms used by individual taxpayers. These
include Forms 1040, 1040A, 1040 EZ, and their schedules and all the
forms individual taxpayers attach to their tax returns (see the
Appendix to this notice). For most of these forms, IRS has in the past
obtained separate OMB approvals under unique OMB Control Numbers and
separate burden estimates.
Since the ITBM does not estimate burden on a form-by-form basis,
IRS is no longer able to provide burden estimates for each tax form
used by individuals. The ITBM estimates the aggregate burden imposed on
individual taxpayers, based upon their tax-related characteristics and
activities. IRS therefore will seek OMB approval of all 121 individual
tax forms as a single ``collection of information.'' The aggregate
burden of these tax forms will be accounted for under OMB Control
Number 1545-0074, which is currently assigned to Form 1040 and its
schedules. OMB Control Number 1545-0074 will be displayed on all
individual tax forms and other information collections. As a result of
this change, burden estimates for individual taxpayers will now be
displayed differently in PRA Notices on tax forms and other information
collections, and in Federal Register notices. This new way of
displaying burden is presented below under the heading ``Proposed PRA
Submission to OMB.'' Since 74 of the 121 forms used by individual
taxpayers are also used by corporations, partnerships, and other kinds
of taxpayers, there will be a transition period during which IRS will
report different burden estimates for individual taxpayers and for
other taxpayers using the same forms. For those forms used by both
individual and other taxpayers, IRS will display two OMB Control
Numbers (1545-0074 and the OMB Control Numbers currently assigned to
these forms) and provide two burden estimates. The burden estimates for
individual taxpayers will be reported and accounted for as described in
this notice. The burden estimates for other users of these forms will
be determined under existing methodology based on form length and
complexity.
New Burden Model
Data from the new ITBM revises the estimates of the levels of
burden experienced by individual taxpayers when complying with the
Federal tax laws. It replaces the earlier burden measurement developed
in the mid-1980s. Since that time, improved technology and modeling
sophistication have enabled the IRS to improve the burden estimates.
The new model provides taxpayers and the IRS with a more comprehensive
understanding of the current levels of taxpayer burden. It reflects
major changes over the past two decades in the way taxpayers prepare
and file their returns. The new ITBM also represents a substantial step
forward in the IRS' ability to assess likely impacts of administrative
and legislative changes on individual taxpayers.
The ITBM's approach to measuring burden focuses on the
characteristics and activities of individual taxpayers
[[Page 39552]]
rather than the forms they use.\1\ Key determinants of taxpayer burden
in the model are the way the taxpayer prepares the return (e.g., with
software or paid preparer) and the taxpayer's activities, such as
recordkeeping and tax planning. In contrast, the previous estimates
primarily focused on the length and complexity of each tax form. The
changes between the old and new burden estimates are due to the
improved ability of the new methodology to measure burden and the
expanded scope of what is measured. These changes create a one-time
shift in the estimate of burden levels that reflects the better
measurement of the new model. The differences in estimates between the
models do not reflect any change in the actual burden experienced by
taxpayers. Comparisons should not be made between these and the earlier
published estimates, because the models measure burden in different
ways.
---------------------------------------------------------------------------
\1\ As IRS continues to develop the new burden model, the new
method of estimating burden will be expanded to cover other groups
of taxpayers (corporations, partnerships, tax-exempt entities,
etc.).
---------------------------------------------------------------------------
Methodology
Burden is defined as the time and out-of-pocket costs incurred by
taxpayers to comply with the Federal tax system. For the first time,
the time expended and the out-of-pocket costs are estimated separately.
The new methodology distinguishes among preparation methods, taxpayer
activities, types of individual taxpayer, filing methods, and income
levels. Indicators of complexity in tax laws as reflected in tax forms
and instructions are incorporated in the model.
The new model follows IRS' classification of taxpayer types:
individual taxpayers are taxpayers who file any type of Form 1040.
``Self-Employed'' taxpayers are individual taxpayers who file a Form
1040 and a Schedule C, C-EZ, E, or F, or Form 2106. All other
individual taxpayers using a Form 1040 are ``Wage and Investment''
taxpayers. The taxpayer's choice of preparation method is identified as
a major factor influencing burden levels. The preparation methods are:
Self-prepared without software
Self-prepared with software
Used a paid tax preparer
The separate types of taxpayer activities measured in the model
are:
Recordkeeping
Form completion
Form submission (electronic and paper)
Tax planning
Use of services (IRS and paid professional)
Gathering tax materials
Taxpayer Burden Estimates
Tables 1, 2, and 3 show the burden model estimates. In tax year
2003 the burden of all individual taxpayers filing Forms 1040, 1040A or
1040EZ averaged about 23 hours per return filed, or a total of more
than 3 billion hours. Similarly, the average out-of-pocket taxpayer
costs were estimated to be $179 per return filed or a total of $23.4
billion. Including associated forms and schedules, taxpayers filing
Form 1040 had an average burden of about 30 hours, taxpayers filing
Form 1040A averaged about 9 hours, and those filing 1040 EZ averaged
about 7 hours.
The data shown are the best estimates from tax returns filed for
2003 currently available as of June 27, 2005. The estimates are subject
to change as new forms and data become available. Estimates for
combinations of major forms and schedules commonly used will be
available and the most up-to-date estimates and supplementary
information can be found on the IRS Web site: https://www.irs.gov.
Proposed PRA Submission to OMB
Title: U.S. Individual Income Tax Return.
OMB Number: 1545-0074.
Form Numbers: Form 1040 and Schedules A, B, C, C-EZ, D, D-1, E,
EIC, F, H, J, R, and SE; Form 1040A and Schedules 1, 2 and 3; Form
1040EZ; and all attachments to these forms (see the Appendix to this
notice).
Abstract: These forms are used by individuals to report their
income tax liability. The data is used to verify that the items
reported on the forms are correct, and also for general statistics use.
Current Actions: Changes are being made to the forms and the method
of burden computation.
Type of Review: Extension of currently approved collections.
Affected Public: Individuals or households.
Estimated Number of Respondents: 130,200,000.
Total Estimated Time: 3.0 billion hours.
Estimated Time Per Respondent: 23.3 hours.
Total Estimated Out-of-Pocket Costs: $23.4 billion.
Estimated Out-of-Pocket Cost Per Respondent: $179.
Table 1.--Taxpayer Burden for Individual Taxpayers Who Filed Form 1040, by Preparation Method
--------------------------------------------------------------------------------------------------------------------------------------------------------
Average burden
---------------------------------------------------------------------------------------
Number of Average for all Self-prepared Self-prepared with Prepared by paid
Major form filed or type of taxpayer returns preparation methods without tax software tax software professional
(millions) ---------------------------------------------------------------------------------------
Costs Costs Costs Costs
Hours (dollars) Hours (dollars) Hours (dollars) Hours (dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
All Taxpayers Filing Form 1040, 1040A and 1040EZ.... 130.2 23.3 $179 16.4 $17 27.9 $44 22.9 $268
Major Form Filed:
Taxpayers Filing Form 1040 (and associated forms). 88.2 30.5 242 26.9 $21 36.6 52 28.7 338
Taxpayers Filing Form 1040A (and associated forms) 23.3 9.1 62 10.8 29 11.5 44 7.4 82
Taxpayers Filing Form 1040EZ...................... 18.7 7.2 29 7.0 1 10.1 9 5.5 60
Type of Taxpayer *:
Wage and Investment............................... 94.6 11.8 93 11.5 14 17.8 35 9.0 142
Self-Employed..................................... 35.6 53.9 410 48.5 31 68.4 81 53.9 522
--------------------------------------------------------------------------------------------------------------------------------------------------------
Note: Detail may not add to total due to rounding.
* You are a ``Wage and Investment'' taxpayer (as defined by IRS) if you did not file a Schedule C, Schedule C-EZ, Schedule E, Schedule F, or Form 2106.
If you filed a Schedule C, Schedule C-EZ, E, or F, or Form 2106, you are a ``Self-Employed'' taxpayer.
[[Page 39553]]
Table 2.--Taxpayer Burden for Taxpayers Who Filed Form 1040, by Preparation Method
--------------------------------------------------------------------------------------------------------------------------------------------------------
Average burden
---------------------------------------------------------------------------------------
Average for all Self-prepared Self-prepared with Prepared by paid
Type of taxpayer * and common combinations of forms filed preparation methods without tax software tax software professional
---------------------------------------------------------------------------------------
Costs Costs Costs Costs
Hours (dollars) Hours (dollars) Hours (dollars) Hours (dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
Common Filing Combinations of Wage & Investment Taxpayers
--------------------------------------------------------------------------------------------------------------------------------------------------------
Wage and Investment Taxpayers................................... 11.8 $93 11.5 $14 17.8 $35 9.0 $142
Form 1040 and other forms and schedules, but not Schedules A 9.2 88 12.2 17 15.8 34 6.6 118
and D........................................................
Form 1040 and Schedule A and other forms and schedules, but 16.3 126 19.2 17 22.6 41 11.9 198
not Schedule D...............................................
Form 1040 and Schedule D and other forms and schedules, but 17.6 159 22.5 14 27.3 48 12.9 223
not Schedule A...............................................
Form 1040 and Schedules A and D and other forms and schedules. 24.6 239 32.8 13 35.4 44 18.1 365
-----------------------------------------------------------------
Common Filing Combinations of Self-Employed Taxpayers
--------------------------------------------------------------------------------------------------------------------------------------------------------
Self-Employed Taxpayers......................................... 53.9 $410 48.5 $31 68.4 $81 53.9 $522
Form 1040 and Schedule C and other forms and schedules, but not 59.4 245 51.4 24 74.6 63 56.1 323
Schedules E or F or Form 2106..................................
Form 1040 and Schedule E and other forms and schedules, but 44.7 591 37.5 43 57.7 100 42.8 717
not Schedules C or F or Form 2106............................
Form 1040 and Schedule F and other forms and schedules, but 34.8 238 38.1 37 49.7 81 34.8 238
not Schedules C or E or Form 2106............................
Form 1040 and Form 2106 and other forms and schedules but not 55.4 242 42.0 32 62.5 80 55.8 283
Schedules C, E, or F.........................................
Form 1040 and forms and schedules including more than one of 69.4 618 72.0 40 88.3 99 65.7 746
the SE forms (Schedules C, E, or F or Form 2106).............
--------------------------------------------------------------------------------------------------------------------------------------------------------
* You are a ``Wage and Investment'' taxpayer (as defined by IRS) if you did not file a Schedule C, Schedule C-EZ, Schedule E, Schedule F, or Form 2106.
If you filed a Schedule C, Schedule C-EZ, E, or F, or Form 2106, you are a ``Self-Employed'' taxpayer.
Table 3.--Taxpayer Burden for Taxpayers Who Filed Form 1040, by Activity
--------------------------------------------------------------------------------------------------------------------------------------------------------
Percent of Average time burden of taxpayer activities (hours per return) Average
returns ------------------------------------------------------------------- costs per
Form or schedule filed Tax Form All other return
(percent) Total time Recordkeeping planning completion activities (dollars)
--------------------------------------------------------------------------------------------------------------------------------------------------------
All Taxpayers.............................................. 100% 23.3 14.1 3.2 3.2 2.8 $179
Form 1040................................................ 68 30.5 19.1 4.2 3.8 3.5 242
Form 1040A............................................... 18 9.1 4.3 1.1 1.9 1.8 63
Form 1040EZ.............................................. 14 7.2 2.5 1.5 2.1 1.2 29
Type of Taxpayer *......................................... 100
Wage and Investment...................................... 73 11.8 5.0 2.3 2.7 1.8 93
Self-Employed............................................ 27 53.9 38.1 5.8 4.4 1.2 410
--------------------------------------------------------------------------------------------------------------------------------------------------------
Note: Detail may not add to total due to rounding.
* You are a ``Wage and Investment'' taxpayer (as defined by IRS) if you did not file a Schedule C, Schedule C-EZ, Schedule E, Schedule F, or Form 2106.
If you filed a Schedule C, Schedule C-EZ, E, or F, or Form 2106, you are a ``Self-Employed taxpayer.''
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB Control Number.
Books or records relating to a collection of information must be
retained as long as their contents may become material in the
administration of any internal revenue law. Generally, tax returns and
tax return information are confidential, as required by 26 U.S.C. 6103.
Request for Comments
Comments submitted in response to this notice will be summarized
and/or included in the request for OMB approval. All comments will
become a matter of public record. Comments are invited on: (a) Whether
the collection of information is necessary for the proper performance
of the functions of the agency, including whether the information will
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the collection of information; (c) ways to enhance the
quality, utility, and clarity of the information to be collected; (d)
ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology; and (e) estimates
of capital
[[Page 39554]]
or start-up costs and costs of operation, maintenance, and purchase of
services to provide information.
Approved: July 6, 2005.
R. Joseph Durbala,
Acting IRS Reports Clearance Officer.
Appendix
----------------------------------------------------------------------------------------------------------------
OMB No. Form Title
----------------------------------------------------------------------------------------------------------------
0028..................... 926.............................. Return by a U.S. Transferor of Property to a
Foreign Corporation.
0043..................... 970.............................. Application To Use LIFO Inventory Method.
0047..................... 982.............................. Reduction of Tax Attributes Due to Discharge of
Indebtedness (and Section 1082 Basis Adjustment.
0074..................... 1040 (SCH A)..................... Itemized Deductions.
0074..................... 1040 (SCH B)..................... Interest and Ordinary Dividends.
0074..................... 1040 (SCH C)..................... Profit or Loss From Business.
0074..................... 1040 (SCH D)..................... Capital Gains and Losses.
0074..................... 1040 (SCH E)..................... Supplemental Income and Loss.
0074..................... 1040 (SCH F)..................... Profit or Loss From Farming.
0074..................... 1040 (SCH R)..................... Credit for the Elderly or the Disabled.
0074..................... 1040 (SCH SE).................... Self-Employment Tax.
0074..................... 1040 (SCH J)..................... Income Averaging for Farmers and Fishermen.
0074..................... 1040 (SCH EIC)................... Earned Income Credit.
0074..................... 1040 (SCH H)..................... Household Employment Taxes.
0074..................... 1040 (SCH D-1)................... Continuation Sheet for Schedule D.
0074..................... 1040 (SCH C-EZ).................. Net Profit From Business.
0121..................... 1116............................. Foreign Tax Credit.
0134..................... 1128............................. Application To Adopt, Change, or Retain a Tax
Year.
0073..................... 1310............................. Statement of Person Claiming Refund Due a Deceased
Taxpayer.
0139..................... 2106............................. Employee Business Expenses.
1441..................... 2106 EZ.......................... Unreimbursed Employee Business Expenses.
0071..................... 2120............................. Multiple Support Declaration.
0140..................... 2210............................. Underpayment of Estimated Tax by Individuals,
Estates, and Trusts.
0140..................... 2210 F........................... Underpayment of Estimated Tax by Farmers and
Fishermen.
0070..................... 2350............................. Application for Extension of Time To File U.S.
Income Tax Return.
0145..................... 2439............................. Notice to Shareholder of Undistributed Long-Term
Capital Gains.
0068..................... 2441............................. Child and Dependent Care Expenses.
0067..................... 2555............................. Foreign Earned Income.
1326..................... 2555 EZ.......................... Foreign Earned Income Exclusion.
0152..................... 3115............................. Application for Change in Accounting Method.
0155..................... 3468............................. Investment Credit.
0159..................... 3520............................. Annual Return To Report Transactions With Foreign
Trusts and Receipt of Certain Foreign Gifts.
0895..................... 3800............................. General Business Credit.
0062..................... 3903............................. Moving Expenses.
0162..................... 4136............................. Credit for Federal Tax Paid on Fuels.
0059..................... 4137............................. Social Security and Medicare Tax on Unreported Tip
Income.
0166..................... 4255............................. Recapture of Investment Credit.
0172..................... 4562............................. Depreciation and Amortization.
0173..................... 4563............................. Exclusion of Income for Bona Fide Residents of
American Samoa.
0177..................... 4684............................. Casualties and Thefts.
0184..................... 4797............................. Sales of Business Property.
0187..................... 4835............................. Farm Rental Income and Expenses.
0191..................... 4952............................. Investment Interest Expense Deduction.
0192..................... 4970............................. Tax on Accumulation Distribution of Trusts.
0193..................... 4972............................. Tax on Lump-Sum Distributions.
0803..................... 5074............................. Allocation of Individual Income Tax to Guam or the
Commonwealth of the Northern Mariana Islands
(CNMI).
0203..................... 5329............................. Additional Taxes on Qualified Plans (Including
IRAs) and Other Tax-Favored Accounts.
0704..................... 5471............................. Information Return of U.S. Persons With Respect to
Certain Foreign Corporations.
0216..................... 5713............................. International Boycott Report.
0219..................... 5884............................. Work Opportunity Credit.
0712..................... 6198............................. At-Risk Limitations.
0227..................... 6251............................. Alternative Minimum Tax--Individuals.
0228..................... 6252............................. Installment Sale Income.
0231..................... 6478............................. Credit for Alcohol Used as Fuel.
0619..................... 6765............................. Credit for Increasing Research Activities.
0644..................... 6781............................. Gains and Losses From Section 1256 Contracts and
Straddles.
0790..................... 8082............................. Notice of Inconsistent Treatment or Administrative
Adjustment Request (AAR).
0881..................... 8271............................. Investor Reporting of Tax Shelter Registration
Number.
0889..................... 8275............................. Disclosure Statement.
0889..................... 8275 R........................... Regulation Disclosure Statement.
0908..................... 8283............................. Noncash Charitable Contributions.
0915..................... 8332............................. Release of Claim to Exemption for Child of
Divorced or Separated Parents.
1210..................... 8379............................. Injured Spouse Claim and Allocation.
0930..................... 8396............................. Mortgage Interest Credit.
1008..................... 8582............................. Passive Activity Loss Limitations.
1034..................... 8582 CR.......................... Passive Activity Credit Limitations.
0984..................... 8586............................. Low-Income Housing Credit.
1021..................... 8594............................. Asset Acquisition Statement.
[[Page 39555]]
1007..................... 8606............................. Nondeductible IRAs.
0988..................... 8609 (SCH A)..................... Annual Statement.
1035..................... 8611............................. Recapture of Low-Income Housing Credit.
0998..................... 8615............................. Tax for Children Under Age 14 With Investment
Income of More Than $1,600.
1002..................... 8621............................. Return by a Shareholder of a Passive Foreign
Investment Company or Qualified Electing Fund.
1032..................... 8689............................. Allocation of Individual Income Tax to the Virgin
Islands.
1031..................... 8697............................. Interest Computation Under the Look-Back Method
for Completed Long-Term Contracts.
1073..................... 8801............................. Credit for Prior Year Minimum Tax--Individuals,
Estates, and Trusts.
1620..................... 8812............................. Additional Child Tax Credit.
1128..................... 8814............................. Parents' Election to Report Child's Interest and
Dividends.
1173..................... 8815............................. Exclusion of Interest From Series EE and I U.S.
Savings Bonds Issued After 1989.
1505..................... 8820............................. Orphan Drug Credit.
1190..................... 8824............................. Like-Kind Exchanges.
1205..................... 8826............................. Disabled Access Credit.
1288..................... 8828............................. Recapture of Federal Mortgage Subsidy.
1266..................... 8829............................. Expenses for Business Use of Your Home.
1282..................... 8830............................. Enhanced Oil Recovery Credit.
1374..................... 8834............................. Qualified Electric Vehicle Credit.
1362..................... 8835............................. Renewable Electricity and Refined Coal Production
Credit.
1829..................... 8836............................. Qualifying Children Residency Statement.
1552..................... 8839............................. Qualified Adoption Expenses.
1410..................... 8840............................. Closer Connection Exception Statement for Aliens.
1411..................... 8843............................. Statement for Exempt Individuals and Individuals
With a Medical Condition.
1444..................... 8844............................. Empowerment Zone and Renewal Community Employment
Credit.
1417..................... 8845............................. Indian Employment Credit.
1414..................... 8846............................. Credit for Employer Social Security and Medicare
Taxes Paid on Certain Employee Tips.
1416..................... 8847............................. Credit for Contributions to Selected Community
Development Corporations.
1561..................... 8853............................. Archer MSAs and Long-Term Care Insurance
Contracts.
1567..................... 8854............................. Initial and Annual Expatriation Information
Statement.
1910..................... 8858............................. Information Return of U.S. Persons With Respect to
Foreign Disregarded Entities.
1584..................... 8859............................. District of Columbia First-Time Homebuyer Credit.
1606..................... 8860............................. Qualified Zone Academy Bond Credit.
1569..................... 8861............................. Welfare-to-Work Credit.
1619..................... 8862............................. Information To Claim Earned Income Credit After
Disallowance.
1618..................... 8863............................. Education Credits.
1924..................... 8864............................. Biodiesel Fuels Credit.
1668..................... 8865............................. Return of U.S. Persons With Respect to Certain
Foreign Partnerships.
1622..................... 8866............................. Interest Computation Under the Look-Back Method
for Property Depreciated Under the Income
Forecast Method.
1722..................... 8873............................. Extraterritorial Income Exclusion.
1804..................... 8874............................. New Markets Credit.
1805..................... 8880............................. Credit for Qualified Retirement Savings
Contributions.
1810..................... 8881............................. Credit for Small Employer Pension Plan Startup
Costs.
1809..................... 8882............................. Credit for Employer-Provided Childcare Facilities
and Services.
1807..................... 8885............................. Health Coverage Tax Credit.
1800..................... 8886............................. Reportable Transaction Disclosure Statement.
1911..................... 8889............................. Health Savings Accounts (HSAs).
1928..................... 8891............................. U.S. Information Return for Beneficiaries of
Certain Canadian Registered Retirement Plans.
1914..................... 8896............................. Low Sulfur Diesel Fuel Production Credit.
NEW...................... 8898............................. Statement for Individuals Who Begin or End Bona
Fide Residence in a U.S. Possesion.
NEW...................... 8900............................. Qualified Railroad Track Maintenance Credit.
NEW...................... 8903............................. Domestic Production Activities Deduction.
NEW...................... 8904............................. Marginal Wells Oil and Gas Production Credit.
0007..................... T (Timber)....................... Forest Activities Schedules.
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[FR Doc. 05-13593 Filed 7-7-05; 8:45 am]
BILLING CODE 4830-01-P
