Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. Business Income Tax Return, 69825-69830 [2019-27297]

Download as PDF 69825 Federal Register / Vol. 84, No. 244 / Thursday, December 19, 2019 / Notices Dated: December 13, 2019. Spencer W. Clark, Treasury PRA Clearance Officer. [FR Doc. 2019–27352 Filed 12–18–19; 8:45 am] emailing PRA@treasury.gov, calling (202) 927–5331, or viewing the entire information collection request at www.reginfo.gov. BILLING CODE 4830–01–P SUPPLEMENTARY INFORMATION: DEPARTMENT OF THE TREASURY PRA Approval of Forms Used by Business Taxpayers Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. Business Income Tax Return Departmental Offices, U.S. Department of the Treasury. ACTION: Notice. AGENCY: The Department of the Treasury will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on this request. DATES: Comments should be received on or before January 21, 2020 to be assured of consideration. ADDRESSES: Send comments regarding the burden estimate, or any other aspect of the information collection, including suggestions for reducing the burden, to (1) Office of Information and Regulatory Affairs, Office of Management and Budget, Attention: Desk Officer for Treasury, New Executive Office Building, Room 10235, Washington, DC 20503, or email at OIRA_Submission@ OMB.EOP.gov and (2) Treasury PRA Clearance Officer, 1750 Pennsylvania Ave. NW, Suite 8100, Washington, DC 20220, or email at PRA@treasury.gov. FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained from Spencer W. Clark by SUMMARY: Today, over 90 percent of all business entity tax returns are prepared using software by the taxpayer or with preparer assistance. These are forms used by business taxpayers. These include Forms 1065, 1066, 1120, 1120– C, 1120–F, 1120–H, 1120–ND, 1120–S, 1120–SF, 1120–FSC, 1120–L, 1120–PC, 1120–REIT, 1120–RIC, 1120–POL, and related schedules that business entity taxpayers attach to their tax returns (see Appendix A for this notice). Tax Compliance Burden Tax compliance burden is defined as the time and money taxpayers spend to comply with their tax filing responsibilities. Time-related activities include recordkeeping, tax planning, gathering tax materials, learning about the law and what you need to do, and completing and submitting the return. Out-of- pocket costs include expenses such as purchasing tax software, paying a third-party preparer, and printing and postage. Tax compliance burden does not include a taxpayer’s tax liability, economic inefficiencies caused by suboptimal choices related to tax deductions or credits, or psychological costs. PRA Submission to OMB Title: U.S. Business Income Tax Return. OMB Number: 1545–0123. Form Numbers: Forms 1065, 1066, 1120, 1120–C, 1120–F, 1120–H, 1120– ND, 1120–S, 1120–SF, 1120–FSC, 1120– L, 1120–PC, 1120–REIT, 1120–RIC, 1120–POL and all attachments to these forms (see the Appendix to this notice). Abstract: These forms are used by businesses to report their income tax liability. Current Actions: The change in estimated aggregate compliance burden can be explained by three major sources—technical adjustments, statutory changes, and discretionary agency (IRS) actions. Type of Review: Revision of currently approved collections. Affected Public: Corporations and Pass-Through Entities. Estimated Number of Respondents: 12,000,000. Total Estimated Time: 3.344 billion hours (3,344,000,000 hours). Estimated Time per Respondent: 279 hours (278.666667 hours). Total Estimated Out-of-Pocket Costs: $61.558 billion ($61,558,000,000). Estimated Out-of-Pocket Cost per Respondent: $5,130. Total Monetized Burden: 190,981 billion. Estimated Total Monetized Burden per Respondent: $15,915. Tables 1, 2, and 3 below show the burden model estimates for each of the three classifications of business taxpayers: Partnerships (Table 1), corporations (Table 2) and S corporations (Table 3). As the tables show, the average filing compliance is different for the three forms of business. Showing a combined average burden for all businesses would understate the burden for taxable corporations and overstate the burden for the two passthrough entities (partnerships and corporations). In addition, the burden for small and large businesses is shown separately for each type of business entity in order to clearly convey the substantially higher burden faced by the largest businesses. TABLE 1—TAXPAYER BURDEN FOR PARTNERSHIPS [Forms 1065, 1066, and all attachments] Total number of returns Primary form filed or type of taxpayer lotter on DSKBCFDHB2PROD with NOTICES All Partnerships ................................................................................................ Small ................................................................................................................ Large * .............................................................................................................. Average time 4.5 4.2 0.3 290 270 610 Average cost Average monetized burden 5,900 4,400 29,000 17,800 13,200 89,300 TABLE 2—TAXPAYER BURDEN FOR TAXABLE CORPORATIONS [Forms 1120, 1120–C, 1120–F, 1120–H, 1120–ND, 1120–SF, 1120–FSC, 1120–L, 1120–PC, 1120–POL and all attachments] Total number of returns Primary form filed or type of taxpayer All Taxable Corporations ................................................................................. Small ................................................................................................................ VerDate Sep<11>2014 19:13 Dec 18, 2019 Jkt 250001 PO 00000 Frm 00106 Fmt 4703 Sfmt 4703 Average time 2.1 2.0 E:\FR\FM\19DEN1.SGM 335 280 19DEN1 Average cost 7,700 4,000 Average monetized burden 23,500 13,500 69826 Federal Register / Vol. 84, No. 244 / Thursday, December 19, 2019 / Notices TABLE 2—TAXPAYER BURDEN FOR TAXABLE CORPORATIONS—Continued [Forms 1120, 1120–C, 1120–F, 1120–H, 1120–ND, 1120–SF, 1120–FSC, 1120–L, 1120–PC, 1120–POL and all attachments] Total number of returns Primary form filed or type of taxpayer Large * .............................................................................................................. Average time 0.1 1,255 Average cost Average monetized burden 70,200 194,800 TABLE 3—TAXPAYER BURDEN PASS-THROUGH CORPORATIONS [Forms 1120–REIT, 1120–RIC, 1120–S and all attachments] Total number of returns Primary form filed or type of taxpayer All Pass-Through Corporations ....................................................................... Small ................................................................................................................ Large * .............................................................................................................. Average time 5.4 5.3 0.1 245 240 610 Average cost Average monetized burden 3,500 3,100 30,900 11,300 10,200 91,500 * A large business is defined as one having end-of-year assets greater than $10 million. A large business is defined the same way for partnerships, taxable corporations, and pass-through corporations. A small business is any business that doesn’t meet the definition of a large business. Tables 1A—3A show the average burden estimate for business entities by total positive income. Total positive income is defined as the sum of all positive income amounts reported on the return. TABLE 1A—TAXPAYER BURDEN FOR PARTNERSHIPS [Forms 1065, 1066, and all attachments] Average time (hrs) Total positive income * <$100,000 .................................................................................................................................... $100,000 to $999,999 .................................................................................................................. $1,000,000 to $9,999,999 ............................................................................................................ $10,000,000 to $99,999,999 ........................................................................................................ >$100,000,000 ............................................................................................................................. 250 330 425 960 2,540 Average money ($) Total average monetized burden ($) 3,500 7,500 14,300 52,800 208,900 9,000 24,200 57,300 153,900 476,200 TABLE 2A—TAXPAYER BURDEN FOR TAXABLE CORPORATIONS [Forms 1120, 1120–C, 1120–F, 1120–H, 1120–ND, 1120–SF, 1120–FSC, 1120–L, 1120–PC, 1120–POL and all attachments] Average time (hrs) Total positive income * <$100,000 .................................................................................................................................... $100,000 to $999,999 .................................................................................................................. $1,000,000 to $9,999,999 ............................................................................................................ $10,000,000 to $99,999,999 ........................................................................................................ >$100,000,000 ............................................................................................................................. 265 345 385 1,090 4,620 Average money ($) 3,000 6,400 14,400 69,100 385,300 Total average monetized burden ($) 7,500 20,600 55,900 194,800 915,400 TABLE 3A—TAXPAYER BURDEN PASS-THROUGH CORPORATIONS [Forms 1120–REIT, 1120–RIC, 1120–S and all attachments] Average time (hrs) lotter on DSKBCFDHB2PROD with NOTICES Total positive income * <100,000 ...................................................................................................................................... $100,000 to $999,999 .................................................................................................................. $1,000,000 to $9,999,999 ............................................................................................................ $10,000,000 to $99,999,999 ........................................................................................................ >$100,000,000 ............................................................................................................................. 215 270 285 660 1,770 * Total positive income is the sum of all positive income amounts reported on the return. Source: RAAS:KDA (12–2–19). VerDate Sep<11>2014 19:13 Dec 18, 2019 Jkt 250001 PO 00000 Frm 00107 Fmt 4703 Sfmt 4703 E:\FR\FM\19DEN1.SGM 19DEN1 Average money ($) 1,900 3,800 8,600 36,000 146,700 Total average monetized burden ($) 5,000 12,500 35,300 103,100 326,400 Federal Register / Vol. 84, No. 244 / Thursday, December 19, 2019 / Notices Note: The data shown are the best estimates for 2019 business entity income tax returns. Reported time and cost burdens are national averages and do not reflect a ‘‘typical’’ case. Most taxpayers experience lower than average burden varying considerably by taxpayer type. The estimates are subject to change as new forms and data become available. 69827 Authority: 44 U.S.C. 3501 et seq. Dated: December 13, 2019. Spencer W. Clark, Treasury PRA Clearance Officer. APPENDIX A Product Title Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form 1042 ................................................. 1042–S ............................................. 1042–T ............................................. 1065 ................................................. 1065 (SCH B–1) ............................... 1065 (SCH B–2) ............................... 1065 (SCH C) .................................. 1065 (SCH D) .................................. 1065 (SCH K–1) ............................... 1065 (SCH M–3) .............................. 1065–X ............................................. 1066 ................................................. 1066 (SCH Q) .................................. 1118 ................................................. 1118 (SCH I) .................................... 1118 (SCH J) ................................... Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form 1118 (SCH K) ................................... 1120 ................................................. 1120 (SCH B) ................................... 1120 (SCH D) .................................. 1120 (SCH G) .................................. 1120 (SCH H) .................................. 1120 (SCH M–3) .............................. 1120 (SCH N) .................................. 1120 (SCH O) .................................. 1120 (SCH PH) ................................ 1120 (SCH UTP) .............................. 1120–C ............................................. 1120–F ............................................. 1120–F (SCH H) .............................. 1120–F (SCH I) ................................ 1120–F (SCH M1 & M2) .................. 1120–F (SCH M–3) .......................... Form Form Form Form Form Form Form Form Form Form Form Form 1120–F (SCH P) .............................. 1120–F (SCH S) .............................. 1120–F (SCH V) .............................. 1120–FSC ........................................ 1120–FSC (SCH P) ......................... 1120–H ............................................. 1120–IC–DISC ................................. 1120–IC–DISC (SCH K) .................. 1120–IC–DISC (SCH P) .................. 1120–IC–DISC (SCH Q) .................. 1120–L ............................................. 1120–L (SCH M–3) .......................... lotter on DSKBCFDHB2PROD with NOTICES Form 1120–ND * ........................................ Form 1120–PC .......................................... Form 1120–PC (SCH M–3) ....................... Form Form Form Form Form Form Form Form Form Form Form Form 1120–POL ........................................ 1120–REIT ....................................... 1120–RIC ......................................... 1120–S ............................................. 1120–S (SCH B–1) .......................... 1120–S (SCH D) .............................. 1120–S (SCH K–1) .......................... 1120–S (SCH M–3) .......................... 1120–SF ........................................... 1120–W ............................................ 1120–X ............................................. 1122 ................................................. VerDate Sep<11>2014 19:13 Dec 18, 2019 Jkt 250001 Annual Withholding Tax Return for U.S. Source Income of Foreign Persons. Foreign Person’s U.S. Source Income Subject to Withholding. Annual Summary and Transmittal of Forms 1042–S. U.S. Return of Partnership Income. Information for Partners Owning 50% or More of the Partnership. Election Out of the Centralized Partnership Audit Regime. Additional Information for Schedule M–3 Filers. Capital Gains and Losses. Partner’s Share of Income, Deductions, Credits, etc. Net Income (Loss) Reconciliation for Certain Partnerships. Amended Return or Administrative Adjustment Request (AAR). U.S. Real Estate Mortgage Investment Conduit (REMIC) Income Tax Return. Quarterly Notice to Residual Interest Holder of REMIC Taxable Income or Net Loss Allocation. Foreign Tax Credit-Corporations. Reduction of Foreign Oil and Gas Taxes. Adjustments to Separate Limitation Income (Loss) Categories for Determining Numerators of Limitation Fractions, Year-End Recharacterization Balances, and Overall Foreign and Domestic Loss Account Balances. Foreign Tax Carryover Reconciliation Schedule. U.S. Corporation Income Tax Return. Additional Information for Schedule M–3 Filers. Capital Gains and Losses. Information on Certain Persons Owning the Corporation’s Voting Stock. Section 280H Limitations for a Personal Service Corporation (PSC). Net Income (Loss) Reconciliation for Corporations With Total Assets of $10 Million of More. Foreign Operations of U.S. Corporations. Consent Plan and Apportionment Schedule for a Controlled Group. U.S. Personal Holding Company (PHC) Tax. Uncertain Tax Position Statement. U.S. Income Tax Return for Cooperative Associations. U.S. Income Tax Return of a Foreign Corporation. Deductions Allocated to Effectively Connected Income Under Regulations Section 1.861–8. Interest Expense Allocation Under Regulations Section 1.882–5. Reconciliation of Income (Loss) and Analysis of Unappropriated Retained Earnings per Books. Net Income (Loss) Reconciliation for Foreign Corporations With Reportable Assets of $10 Million or More. List of Foreign Partner Interests in Partnerships. Exclusion of Income From the International Operation of Ships or Aircraft Under Section 883. List of Vessels or Aircraft, Operators, and Owners. U.S. Income Tax Return of a Foreign Sales Corporation. Transfer Price or Commission. U.S. Income Tax Return for Homeowners Associations. Interest Charge Domestic International Sales Corporation Return. Shareholder’s Statement of IC–DISC Distributions. Intercompany Transfer Price or Commission. Borrower’s Certificate of Compliance With the Rules for Producer’s Loans. U.S. Life Insurance Company Income Tax Return. Net Income (Loss) Reconciliation for U.S. Life Insurance Companies With Total Assets of $10 Million or More. Return for Nuclear Decommissioning Funds and Certain Related Persons. U.S. Property and Casualty Insurance Company Income Tax Return. Net Income (Loss) Reconciliation for U.S. Property and Casualty Insurance Companies With Total Assets of $10 Million or More. U.S. Income Tax Return for Certain Political Organizations. U.S. Income Tax Return for Real Estate Investment Trusts. U.S. Income Tax Return for Regulated Investment Companies. U.S. Income Tax Return for an S Corporation. Information on Certain Shareholders of an S Corporation. Capital Gains and Losses and Built-In Gains. Shareholder’s Share of Income, Deductions, Credits, etc. Net Income (Loss) Reconciliation for S Corporations With Total Assets of $10 Million or More. U.S. Income Tax Return for Settlement Funds (Under Section 468B). Estimated Tax for Corporations. Amended U.S. Corporation Income Tax Return. Authorization and Consent of Subsidiary Corporation to be Included in a Consolidated Income Tax Return. PO 00000 Frm 00108 Fmt 4703 Sfmt 4703 E:\FR\FM\19DEN1.SGM 19DEN1 69828 Federal Register / Vol. 84, No. 244 / Thursday, December 19, 2019 / Notices APPENDIX A—Continued Product Title Form Form Form Form Form 1125–A ............................................. 1125–E ............................................. 1127 ................................................. 1128 ................................................. 1138 ................................................. Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form 1139 ................................................. 2220 ................................................. 2438 ................................................. 2439 ................................................. 2553 ................................................. 2848 ................................................. 3115 ................................................. 3468 ................................................. 3520 ................................................. 3520–A ............................................. 3800 ................................................. 4136 ................................................. 4255 ................................................. 4466 ................................................. 4562 ................................................. 4684 ................................................. 4797 ................................................. 4810 ................................................. 4876–A ............................................. 5452 ................................................. 5471 ................................................. 5471 (SCH E) ................................... 5471 (SCH H) .................................. 5471 (SCH I–1) ................................ 5471 (SCH J) ................................... 5471 (SCH M) .................................. 5471 (SCH O) .................................. lotter on DSKBCFDHB2PROD with NOTICES Form 5471 (SCH P) ................................... Form 5472 ................................................. Form Form Form Form Form Form Form Form Form Form 56 ..................................................... 56–F ................................................. 5713 ................................................. 5713 (SCH A) ................................... 5713 (SCH B) ................................... 5713 (SCH C) .................................. 5735 ................................................. 5735 Schedule P .............................. 5884 ................................................. 5884–A ............................................. Form Form Form Form Form Form 6198 6478 6627 6765 6781 7004 Form Form Form Form Form Form Form Form Form 8023 ................................................. 8050 ................................................. 8082 ................................................. 8275 ................................................. 8275–R ............................................. 8283 ................................................. 8288 ................................................. 8288–A ............................................. 8288–B ............................................. Form Form Form Form Form Form Form 8300 ................................................. 8302 ................................................. 8308 ................................................. 8329 ................................................. 8404 ................................................. 8453–C ............................................. 8453–I .............................................. ................................................. ................................................. ................................................. ................................................. ................................................. ................................................. VerDate Sep<11>2014 19:13 Dec 18, 2019 Jkt 250001 Cost of Goods Sold. Compensation of Officers. Application for Extension of Time for Payment of Tax Due to Undue Hardship. Application to Adopt, Change, or Retain a Tax Year. Extension of Time For Payment of Taxes By a Corporation Expecting a Net Operating Loss Carryback. Corporation Application for Tentative Refund. Underpayment of Estimated Tax By Corporations. Undistributed Capital Gains Tax Return. Notice to Shareholder of Undistributed Long-Term Capital Gains. Election by a Small Business Corporation. Power of Attorney and Declaration of Representative. Application for Change in Accounting Method. Investment Credit. Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts. Annual Return of Foreign Trust With a U.S. Owner. General Business Credit. Credit for Federal Tax Paid on Fuels. Recapture of Investment Credit. Corporation Application for Quick Refund of Overpayment of Estimated Tax. Depreciation and Amortization (Including Information on Listed Property). Casualties and Thefts. Sales of Business Property. Request for Prompt Assessment Under Internal Revenue Code Section 6501(d). Election to Be Treated as an Interest Charge DISC. Corporate Report of Nondividend Distributions. Information Return of U.S. Persons With Respect To Certain Foreign Corporations. Income, War Profits, and Excess Profits Taxes Paid or Accrued. Current Earnings and Profits. Information for Global Intangible Low-Taxed Income. Accumulated Earnings and Profits (E&P) of Controlled Foreign Corporation. Transactions Between Controlled Foreign Corporation and Shareholders or Other Related Persons. Organization or Reorganization of Foreign Corporation, and Acquisitions and Dispositions of its Stock. Previously Taxed Earnings and Profits of U.S. Shareholder of Certain Foreign Corporations. Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business. Notice Concerning Fiduciary Relationship. Notice Concerning Fiduciary Relationship of Financial Institution. International Boycott Report. International Boycott Factor (Section 999(c)(1)). Specifically Attributable Taxes and Income (Section 999(c)(2)). Tax Effect of the International Boycott Provisions. American Samoa Economic Development Credit. Allocation of Income and Expenses Under Section 936(h)(5). Work Opportunity Credit. Credits for Affected Midwestern Disaster Area Employers (for Employers Affected by Hurricane Harvey, Irma, or Maria or Certain California Wildfires). At-Risk Limitations. Biofuel Producer Credit. Environmental Taxes. Credit for Increasing Research Activities. Gains and Losses From Section 1256 Contracts and Straddles. Application for Automatic Extension of Time To File Certain Business Income Tax, Information, and Other Returns. Elections Under Section 338 for Corporations Making Qualified Stock Purchases. Direct Deposit Corporate Tax Refund. Notice of Inconsistent Treatment or Administrative Adjustment Request (AAR). Disclosure Statement. Regulation Disclosure Statement. Noncash Charitable Contributions. U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests. Statement of Withholding on Dispositions by Foreign Persons of U.S. Real Property Interests. Application for Withholding Certificate for Dispositions by Foreign Persons of U.S. Real Property Interests. Report of Cash Payments Over $10,000 Received In a Trade or Business. Electronic Deposit of Tax Refund of $1 Million or More. Report of a Sale or Exchange of Certain Partnership Interests. Lender’s Information Return for Mortgage Credit Certificates (MCCs). Interest Charge on DISC-Related Deferred Tax Liability. U.S. Corporation Income Tax Declaration for an IRS e-file Return. Foreign Corporation Income Tax Declaration for an IRS e-file Return. PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 E:\FR\FM\19DEN1.SGM 19DEN1 Federal Register / Vol. 84, No. 244 / Thursday, December 19, 2019 / Notices 69829 APPENDIX A—Continued Product Form Form Form Form Form Form Form Form Form Title 8453–PE ........................................... 8453–S ............................................. 851 ................................................... 8586 ................................................. 8594 ................................................. 8609 ................................................. 8609–A ............................................. 8611 ................................................. 8621 ................................................. Form 8621–A ............................................. Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form 8655 ................................................. 8697 ................................................. 8703 ................................................. 8716 ................................................. 8752 ................................................. 8804 ................................................. 8804 (SCH A) ................................... 8804–C ............................................. 8804–W ............................................ 8805 ................................................. 8806 ................................................. 8810 ................................................. 8813 ................................................. 8816 ................................................. 8819 ................................................. 8820 ................................................. 8822–B ............................................. 8824 ................................................. 8825 ................................................. 8826 ................................................. 8827 ................................................. 8830 ................................................. 8832 ................................................. 8833 ................................................. 8834 ................................................. 8835 ................................................. 8838 ................................................. 8838–P ............................................. 8842 ................................................. 8844 ................................................. 8845 ................................................. 8846 ................................................. 8848 ................................................. Form 8858 ................................................. lotter on DSKBCFDHB2PROD with NOTICES Form 8858 (SCH M) .................................. Form Form Form Form 8864 8865 8865 8865 ................................................. ................................................. (SCH G) .................................. (SCH H) .................................. Form Form Form Form 8865 8865 8865 8866 (SCH K–1) ............................... (SCH O) .................................. (SCH P) ................................... ................................................. Form Form Form Form Form Form Form Form Form Form Form Form 8869 ................................................. 8873 ................................................. 8874 ................................................. 8875 ................................................. 8878–A ............................................. 8879–C ............................................. 8879–I .............................................. 8879–PE ........................................... 8879–S ............................................. 8881 ................................................. 8882 ................................................. 8883 ................................................. VerDate Sep<11>2014 19:13 Dec 18, 2019 Jkt 250001 U.S. Partnership Declaration for an IRS e-file Return. U.S. S Corporation Income Tax Declaration for an IRS e-file Return. Affiliations Schedule. Low-Income Housing Credit. Asset Acquisition Statement Under Section 1060. Low-Income Housing Credit Allocation and Certification. Annual Statement for Low-Income Housing Credit. Recapture of Low-Income Housing Credit. Information Return By Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. Return by a Shareholder Making Certain Late Elections to End Treatment as a Passive Foreign Investment Company. Reporting Agent Authorization. Interest Computation Under the Look-Back Method for Completed Long-Term Contracts. Annual Certification of a Residential Rental Project. Election To Have a Tax Year Other Than a Required Tax Year. Required Payment or Refund Under Section 7519. Annual Return for Partnership Withholding Tax (Section 1446). Penalty for Underpayment of Estimated Section 1446 Tax for Partnerships. Certificate of Partner-Level Items to Reduce Section 1446 Withholding. Installment Payments of Section 1446 Tax for Partnerships. Foreign Partner’s Information Statement of Section 1446 Withholding tax. Information Return for Acquisition of Control or Substantial Change in Capital Structure. Corporate Passive Activity Loss and Credit Limitations. Partnership Withholding Tax Payment Voucher (Section 1446). Special Loss Discount Account and Special Estimated Tax Payments for Insurance Companies. Dollar Election Under Section 985. Orphan Drug Credit. Change of Address—Business. Like-Kind Exchanges. Rental Real Estate Income and Expenses of a Partnership or an S Corporation. Disabled Access Credit. Credit for Prior Year Minimum Tax-Corporations. Enhanced Oil Recovery Credit. Entity Classification Election. Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b). Qualified Electric Vehicle Credit. Renewable Electricity, Refined Coal, and Indian Coal Production Credit. Consent to Extend the Time To Assess Tax Under Section 367—Gain Recognition Agreement. Consent To Extend the Time To Assess Tax Pursuant to the Gain Deferral Method (Section 721(c)). Election to Use Different Annualization Periods for Corporate Estimated Tax. Empowerment Zone Employment Credit. Indian Employment Credit. Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips. Consent to Extend the Time to Assess the Branch Profits Tax Under Regulations Sections 1.884– 2(a) and (c). Information Return of U.S. Persons With Respect to Foreign Disregarded Entities (FDEs) and Foreign Branches (FBs). Transactions Between Foreign Disregarded Entity of a Foreign Tax Owner and the Filer or Other Related Entities. Biodiesel and Renewable Diesel Fuels Credit. Return of U.S. Persons With Respect to Certain Foreign Partnerships. Statement of Application for the Gain Deferral Method Under Section 721(c). Acceleration Events and Exceptions Reporting Relating to Gain Deferral Method Under Section 721(c). Partner’s Share of Income, Deductions, Credits, etc. Transfer of Property to a Foreign Partnership. Acquisitions, Dispositions, and Changes of Interests in a Foreign Partnership. Interest Computation Under the Look-Back Method for Property Depreciated Under the Income Forecast Method. Qualified Subchapter S Subsidiary Election. Extraterritorial Income Exclusion. New Markets Credit. Taxable REIT Subsidiary Election. IRS e-file Electronic Funds Withdrawal Authorization for Form 7004. IRS e-file Signature Authorization for Form 1120. IRS e-file Signature Authorization for Form 1120–F. IRS e-file Signature Authorization for Form 1065. IRS e-file Signature Authorization for Form 1120–S. Credit for Small Employer Pension Plan Startup Costs. Credit for Employer-Provided Childcare Facilities and Services. Asset Allocation Statement Under Section 338. PO 00000 Frm 00110 Fmt 4703 Sfmt 4703 E:\FR\FM\19DEN1.SGM 19DEN1 69830 Federal Register / Vol. 84, No. 244 / Thursday, December 19, 2019 / Notices APPENDIX A—Continued Product Title Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form Form 8886 ................................................. 8896 ................................................. 8900 ................................................. 8902 ................................................. 8903 ................................................. 8906 ................................................. 8908 ................................................. 8910 ................................................. 8911 ................................................. 8912 ................................................. 8916 ................................................. 8916–A ............................................. 8918 ................................................. 8923 ................................................. 8925 ................................................. 8927 ................................................. 8932 ................................................. 8933 ................................................. 8936 ................................................. 8937 ................................................. 8938 ................................................. 8941 ................................................. 8947 ................................................. 8966 ................................................. 8966–C ............................................. 8979 ................................................. 8990 ................................................. 8991 ................................................. 8992 ................................................. 8993 ................................................. Form Form Form Form Form 8994 ................................................. 8996 ................................................. 926 ................................................... 965 ................................................... 965–B ............................................... Form Form Form Form Form Form Form 965 965 965 965 965 965 965 (SCH–A) (SCH–B) (SCH–C) (SCH–D) (SCH–E) (SCH–F) (SCH–G) Form Form Form Form Form Form 965 966 970 972 973 976 (SCH–H) .................................... ................................................... ................................................... ................................................... ................................................... ................................................... .................................... .................................... .................................... .................................... .................................... .................................... ................................... Form 982 ................................................... Form Form Form Form Form Form SS–4 ................................................. SS–4PR ............................................ T (TIMBER) ...................................... W–8BEN ........................................... W–8BEN (E) ..................................... W–8ECI ............................................ lotter on DSKBCFDHB2PROD with NOTICES Form W–8IMY ............................................ Reportable Transaction Disclosure Statement. Low Sulfur Diesel Fuel Production Credit. Qualified Railroad Track Maintenance Credit. Alternative Tax on Qualified Shipping Activities. Domestic Production Activities Deduction. Distilled Spirits Credit. Energy Efficient Home Credit. Alternative Motor Vehicle Credit. Alternative Fuel Vehicle Refueling Property Credit. Credit to Holders of Tax Credit Bonds. Reconciliation of Schedule M–3 Taxable Income with Tax Return Taxable Income for Mixed Groups. Supplemental Attachment to Schedule M–3. Material Advisor Disclosure Statement. Mining Rescue Team Training Credit. Report of Employer-Owned Life Insurance Contracts. Determination Under Section 860(e)(4) by a Qualified Investment Entity. Credit for Employer Differential Wage Payments. Carbon Oxide Sequestration Credit. Qualified Plug-In Electric Drive Motor Vehicle Credit. Report of Organizational Actions Affecting Basis of Securities. Statement of Foreign Financial Assets. Credit for Small Employer Health Insurance Premiums. Report of Branded Prescription Drug Information. FATCA Report. Cover Sheet for Form 8966 Paper Submissions. Partnership Representative Revocation/Resignation and Designation. Limitation on Business Interest Expense IRC 163(j). Tax on Base Erosion Payments of Taxpayers with Substantial Gross Receipts. U.S Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI). Section 250 Deduction for Foreign-Derived Intangible Income (FDII) and Global Intangible LowTaxed Income (GILTI). Employer Credit for Paid Family and Medical Leave. Qualified Opportunity Fund. Return by a U.S. Transferor of Property to a Foreign Corporation. Inclusion of Deferred Foreign Income Upon Transition to Participation Exemption System. Corporate and Real Estate Investment Trust (REIT) Report of Net 965 Tax Liability and REIT Report of Net 965 Inclusion. U.S. Shareholder’s Section 965(a) Inclusion Amount. Deferred Foreign Income Corporation’s Earnings and Profits (E&P). U.S. Shareholder’s Aggregate Foreign Earnings and Profits Deficit. U.S. Shareholder’s Aggregate Foreign Cash Position. U.S. Shareholder’s Aggregate Foreign Cash Position Detail. Foreign Taxes Deemed Paid by Domestic Corporation (for U.S. Shareholder Tax). Foreign Taxes Deemed Paid by Domestic Corporation (for U.S. Shareholder Tax Year Ending in 2017). Disallowance of Foreign Tax Credit and Amounts Reported on Forms 1116 and 1118. Corporate Dissolution or Liquidation. Application to Use LIFO Inventory Method. Consent of Shareholder to Include Specific Amount in Gross Income. Corporation Claim for Deduction for Consent Dividends. Claim for Deficiency Dividends Deductions by a Personal Holding Company, Regulated Investment Company, or Real Estate Investment Trust. Reduction of Tax Attributes Due to Discharge of Indebtedness (and Section 1082 Basis Adjustment). Application for Employer Identification Number. Solicitud de Nu´mero de Identificacio´n Patronal (EIN). Forest Activities Schedule. Certificate of Foreign Status of Beneficial Owner for United States Tax Withholding (Individual). Certificate of Entities Status of Beneficial Owner for United States Tax Withholding (Entities). Certificate of Foreign Person’s Claim That Income is Effectively Connected With the Conduct of a Trade or Business in the United States. Certificate of Foreign Intermediary, Foreign Flow-Through Entity, or Certain U.S. Branches for United States Tax Withholding. [FR Doc. 2019–27297 Filed 12–18–19; 8:45 am] BILLING CODE 4830–01–P VerDate Sep<11>2014 19:13 Dec 18, 2019 Jkt 250001 PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 E:\FR\FM\19DEN1.SGM 19DEN1

Agencies

[Federal Register Volume 84, Number 244 (Thursday, December 19, 2019)]
[Notices]
[Pages 69825-69830]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-27297]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; U.S. Business Income Tax Return

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

-----------------------------------------------------------------------

SUMMARY: The Department of the Treasury will submit the following 
information collection request to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on this request.

DATES: Comments should be received on or before January 21, 2020 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
Treasury, New Executive Office Building, Room 10235, Washington, DC 
20503, or email at [email protected] and (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW, Suite 8100, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Spencer W. Clark by emailing [email protected], calling 
(202) 927-5331, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 

PRA Approval of Forms Used by Business Taxpayers

    Today, over 90 percent of all business entity tax returns are 
prepared using software by the taxpayer or with preparer assistance. 
These are forms used by business taxpayers. These include Forms 1065, 
1066, 1120, 1120-C, 1120-F, 1120-H, 1120-ND, 1120-S, 1120-SF, 1120-FSC, 
1120-L, 1120-PC, 1120-REIT, 1120-RIC, 1120-POL, and related schedules 
that business entity taxpayers attach to their tax returns (see 
Appendix A for this notice).

Tax Compliance Burden

    Tax compliance burden is defined as the time and money taxpayers 
spend to comply with their tax filing responsibilities. Time-related 
activities include recordkeeping, tax planning, gathering tax 
materials, learning about the law and what you need to do, and 
completing and submitting the return. Out-of- pocket costs include 
expenses such as purchasing tax software, paying a third-party 
preparer, and printing and postage. Tax compliance burden does not 
include a taxpayer's tax liability, economic inefficiencies caused by 
sub-optimal choices related to tax deductions or credits, or 
psychological costs.

PRA Submission to OMB

    Title: U.S. Business Income Tax Return.
    OMB Number: 1545-0123.
    Form Numbers: Forms 1065, 1066, 1120, 1120-C, 1120-F, 1120-H, 1120-
ND, 1120-S, 1120-SF, 1120-FSC, 1120-L, 1120-PC, 1120-REIT, 1120-RIC, 
1120-POL and all attachments to these forms (see the Appendix to this 
notice).
    Abstract: These forms are used by businesses to report their income 
tax liability.
    Current Actions: The change in estimated aggregate compliance 
burden can be explained by three major sources--technical adjustments, 
statutory changes, and discretionary agency (IRS) actions.
    Type of Review: Revision of currently approved collections.
    Affected Public: Corporations and Pass-Through Entities.
    Estimated Number of Respondents: 12,000,000.
    Total Estimated Time: 3.344 billion hours (3,344,000,000 hours).
    Estimated Time per Respondent: 279 hours (278.666667 hours).
    Total Estimated Out-of-Pocket Costs: $61.558 billion 
($61,558,000,000).
    Estimated Out-of-Pocket Cost per Respondent: $5,130.
    Total Monetized Burden: 190,981 billion.
    Estimated Total Monetized Burden per Respondent: $15,915.
    Tables 1, 2, and 3 below show the burden model estimates for each 
of the three classifications of business taxpayers: Partnerships (Table 
1), corporations (Table 2) and S corporations (Table 3). As the tables 
show, the average filing compliance is different for the three forms of 
business. Showing a combined average burden for all businesses would 
understate the burden for taxable corporations and overstate the burden 
for the two pass-through entities (partnerships and corporations). In 
addition, the burden for small and large businesses is shown separately 
for each type of business entity in order to clearly convey the 
substantially higher burden faced by the largest businesses.

                                    Table 1--Taxpayer Burden for Partnerships
                                     [Forms 1065, 1066, and all attachments]
----------------------------------------------------------------------------------------------------------------
                                                                                                      Average
     Primary form filed or type of taxpayer        Total number    Average time    Average cost      monetized
                                                    of returns                                        burden
----------------------------------------------------------------------------------------------------------------
All Partnerships................................             4.5             290           5,900          17,800
Small...........................................             4.2             270           4,400          13,200
Large *.........................................             0.3             610          29,000          89,300
----------------------------------------------------------------------------------------------------------------


                                Table 2--Taxpayer Burden for Taxable Corporations
 [Forms 1120, 1120-C, 1120-F, 1120-H, 1120-ND, 1120-SF, 1120-FSC, 1120-L, 1120-PC, 1120-POL and all attachments]
----------------------------------------------------------------------------------------------------------------
                                                                                                      Average
     Primary form filed or type of taxpayer        Total number    Average time    Average cost      monetized
                                                    of returns                                        burden
----------------------------------------------------------------------------------------------------------------
All Taxable Corporations........................             2.1             335           7,700          23,500
Small...........................................             2.0             280           4,000          13,500

[[Page 69826]]

 
Large *.........................................             0.1           1,255          70,200         194,800
----------------------------------------------------------------------------------------------------------------


                               Table 3--Taxpayer Burden Pass-Through Corporations
                             [Forms 1120-REIT, 1120-RIC, 1120-S and all attachments]
----------------------------------------------------------------------------------------------------------------
                                                                                                      Average
     Primary form filed or type of taxpayer        Total number    Average time    Average cost      monetized
                                                    of returns                                        burden
----------------------------------------------------------------------------------------------------------------
All Pass-Through Corporations...................             5.4             245           3,500          11,300
Small...........................................             5.3             240           3,100          10,200
Large *.........................................             0.1             610          30,900          91,500
----------------------------------------------------------------------------------------------------------------
* A large business is defined as one having end-of-year assets greater than $10 million. A large business is
  defined the same way for partnerships, taxable corporations, and pass-through corporations. A small business
  is any business that doesn't meet the definition of a large business.

    Tables 1A--3A show the average burden estimate for business 
entities by total positive income. Total positive income is defined as 
the sum of all positive income amounts reported on the return.

                                   Table 1A--Taxpayer Burden for Partnerships
                                     [Forms 1065, 1066, and all attachments]
----------------------------------------------------------------------------------------------------------------
                                                                                                   Total average
                     Total positive income *                       Average time    Average money     monetized
                                                                       (hrs)            ($)         burden ($)
----------------------------------------------------------------------------------------------------------------
<$100,000.......................................................             250           3,500           9,000
$100,000 to $999,999............................................             330           7,500          24,200
$1,000,000 to $9,999,999........................................             425          14,300          57,300
$10,000,000 to $99,999,999......................................             960          52,800         153,900
>$100,000,000...................................................           2,540         208,900         476,200
----------------------------------------------------------------------------------------------------------------


                               Table 2A--Taxpayer Burden for Taxable Corporations
 [Forms 1120, 1120-C, 1120-F, 1120-H, 1120-ND, 1120-SF, 1120-FSC, 1120-L, 1120-PC, 1120-POL and all attachments]
----------------------------------------------------------------------------------------------------------------
                                                                                                   Total average
                     Total positive income *                       Average time    Average money     monetized
                                                                       (hrs)            ($)         burden ($)
----------------------------------------------------------------------------------------------------------------
<$100,000.......................................................             265           3,000           7,500
$100,000 to $999,999............................................             345           6,400          20,600
$1,000,000 to $9,999,999........................................             385          14,400          55,900
$10,000,000 to $99,999,999......................................           1,090          69,100         194,800
>$100,000,000...................................................           4,620         385,300         915,400
----------------------------------------------------------------------------------------------------------------


                               Table 3A--Taxpayer Burden Pass-Through Corporations
                             [Forms 1120-REIT, 1120-RIC, 1120-S and all attachments]
----------------------------------------------------------------------------------------------------------------
                                                                                                   Total average
                     Total positive income *                       Average time    Average money     monetized
                                                                       (hrs)            ($)         burden ($)
----------------------------------------------------------------------------------------------------------------
<100,000........................................................             215           1,900           5,000
$100,000 to $999,999............................................             270           3,800          12,500
$1,000,000 to $9,999,999........................................             285           8,600          35,300
$10,000,000 to $99,999,999......................................             660          36,000         103,100
>$100,000,000...................................................           1,770         146,700         326,400
----------------------------------------------------------------------------------------------------------------
* Total positive income is the sum of all positive income amounts reported on the return.
Source: RAAS:KDA (12-2-19).


[[Page 69827]]

    Note: The data shown are the best estimates for 2019 business 
entity income tax returns. Reported time and cost burdens are national 
averages and do not reflect a ``typical'' case. Most taxpayers 
experience lower than average burden varying considerably by taxpayer 
type. The estimates are subject to change as new forms and data become 
available.

    Authority:  44 U.S.C. 3501 et seq.

    Dated: December 13, 2019.
Spencer W. Clark,
Treasury PRA Clearance Officer.

                                                   Appendix A
----------------------------------------------------------------------------------------------------------------
                             Product                                                   Title
----------------------------------------------------------------------------------------------------------------
Form 1042........................................................  Annual Withholding Tax Return for U.S. Source
                                                                    Income of Foreign Persons.
Form 1042-S......................................................  Foreign Person's U.S. Source Income Subject
                                                                    to Withholding.
Form 1042-T......................................................  Annual Summary and Transmittal of Forms 1042-
                                                                    S.
Form 1065........................................................  U.S. Return of Partnership Income.
Form 1065 (SCH B-1)..............................................  Information for Partners Owning 50% or More
                                                                    of the Partnership.
Form 1065 (SCH B-2)..............................................  Election Out of the Centralized Partnership
                                                                    Audit Regime.
Form 1065 (SCH C)................................................  Additional Information for Schedule M-3
                                                                    Filers.
Form 1065 (SCH D)................................................  Capital Gains and Losses.
Form 1065 (SCH K-1)..............................................  Partner's Share of Income, Deductions,
                                                                    Credits, etc.
Form 1065 (SCH M-3)..............................................  Net Income (Loss) Reconciliation for Certain
                                                                    Partnerships.
Form 1065-X......................................................  Amended Return or Administrative Adjustment
                                                                    Request (AAR).
Form 1066........................................................  U.S. Real Estate Mortgage Investment Conduit
                                                                    (REMIC) Income Tax Return.
Form 1066 (SCH Q)................................................  Quarterly Notice to Residual Interest Holder
                                                                    of REMIC Taxable Income or Net Loss
                                                                    Allocation.
Form 1118........................................................  Foreign Tax Credit-Corporations.
Form 1118 (SCH I)................................................  Reduction of Foreign Oil and Gas Taxes.
Form 1118 (SCH J)................................................  Adjustments to Separate Limitation Income
                                                                    (Loss) Categories for Determining Numerators
                                                                    of Limitation Fractions, Year-End
                                                                    Recharacterization Balances, and Overall
                                                                    Foreign and Domestic Loss Account Balances.
Form 1118 (SCH K)................................................  Foreign Tax Carryover Reconciliation
                                                                    Schedule.
Form 1120........................................................  U.S. Corporation Income Tax Return.
Form 1120 (SCH B)................................................  Additional Information for Schedule M-3
                                                                    Filers.
Form 1120 (SCH D)................................................  Capital Gains and Losses.
Form 1120 (SCH G)................................................  Information on Certain Persons Owning the
                                                                    Corporation's Voting Stock.
Form 1120 (SCH H)................................................  Section 280H Limitations for a Personal
                                                                    Service Corporation (PSC).
Form 1120 (SCH M-3)..............................................  Net Income (Loss) Reconciliation for
                                                                    Corporations With Total Assets of $10
                                                                    Million of More.
Form 1120 (SCH N)................................................  Foreign Operations of U.S. Corporations.
Form 1120 (SCH O)................................................  Consent Plan and Apportionment Schedule for a
                                                                    Controlled Group.
Form 1120 (SCH PH)...............................................  U.S. Personal Holding Company (PHC) Tax.
Form 1120 (SCH UTP)..............................................  Uncertain Tax Position Statement.
Form 1120-C......................................................  U.S. Income Tax Return for Cooperative
                                                                    Associations.
Form 1120-F......................................................  U.S. Income Tax Return of a Foreign
                                                                    Corporation.
Form 1120-F (SCH H)..............................................  Deductions Allocated to Effectively Connected
                                                                    Income Under Regulations Section 1.861-8.
Form 1120-F (SCH I)..............................................  Interest Expense Allocation Under Regulations
                                                                    Section 1.882-5.
Form 1120-F (SCH M1 & M2)........................................  Reconciliation of Income (Loss) and Analysis
                                                                    of Unappropriated Retained Earnings per
                                                                    Books.
Form 1120-F (SCH M-3)............................................  Net Income (Loss) Reconciliation for Foreign
                                                                    Corporations With Reportable Assets of $10
                                                                    Million or More.
Form 1120-F (SCH P)..............................................  List of Foreign Partner Interests in
                                                                    Partnerships.
Form 1120-F (SCH S)..............................................  Exclusion of Income From the International
                                                                    Operation of Ships or Aircraft Under Section
                                                                    883.
Form 1120-F (SCH V)..............................................  List of Vessels or Aircraft, Operators, and
                                                                    Owners.
Form 1120-FSC....................................................  U.S. Income Tax Return of a Foreign Sales
                                                                    Corporation.
Form 1120-FSC (SCH P)............................................  Transfer Price or Commission.
Form 1120-H......................................................  U.S. Income Tax Return for Homeowners
                                                                    Associations.
Form 1120-IC-DISC................................................  Interest Charge Domestic International Sales
                                                                    Corporation Return.
Form 1120-IC-DISC (SCH K)........................................  Shareholder's Statement of IC-DISC
                                                                    Distributions.
Form 1120-IC-DISC (SCH P)........................................  Intercompany Transfer Price or Commission.
Form 1120-IC-DISC (SCH Q)........................................  Borrower's Certificate of Compliance With the
                                                                    Rules for Producer's Loans.
Form 1120-L......................................................  U.S. Life Insurance Company Income Tax
                                                                    Return.
Form 1120-L (SCH M-3)............................................  Net Income (Loss) Reconciliation for U.S.
                                                                    Life Insurance Companies With Total Assets
                                                                    of $10 Million or More.
Form 1120-ND *...................................................  Return for Nuclear Decommissioning Funds and
                                                                    Certain Related Persons.
Form 1120-PC.....................................................  U.S. Property and Casualty Insurance Company
                                                                    Income Tax Return.
Form 1120-PC (SCH M-3)...........................................  Net Income (Loss) Reconciliation for U.S.
                                                                    Property and Casualty Insurance Companies
                                                                    With Total Assets of $10 Million or More.
Form 1120-POL....................................................  U.S. Income Tax Return for Certain Political
                                                                    Organizations.
Form 1120-REIT...................................................  U.S. Income Tax Return for Real Estate
                                                                    Investment Trusts.
Form 1120-RIC....................................................  U.S. Income Tax Return for Regulated
                                                                    Investment Companies.
Form 1120-S......................................................  U.S. Income Tax Return for an S Corporation.
Form 1120-S (SCH B-1)............................................  Information on Certain Shareholders of an S
                                                                    Corporation.
Form 1120-S (SCH D)..............................................  Capital Gains and Losses and Built-In Gains.
Form 1120-S (SCH K-1)............................................  Shareholder's Share of Income, Deductions,
                                                                    Credits, etc.
Form 1120-S (SCH M-3)............................................  Net Income (Loss) Reconciliation for S
                                                                    Corporations With Total Assets of $10
                                                                    Million or More.
Form 1120-SF.....................................................  U.S. Income Tax Return for Settlement Funds
                                                                    (Under Section 468B).
Form 1120-W......................................................  Estimated Tax for Corporations.
Form 1120-X......................................................  Amended U.S. Corporation Income Tax Return.
Form 1122........................................................  Authorization and Consent of Subsidiary
                                                                    Corporation to be Included in a Consolidated
                                                                    Income Tax Return.

[[Page 69828]]

 
Form 1125-A......................................................  Cost of Goods Sold.
Form 1125-E......................................................  Compensation of Officers.
Form 1127........................................................  Application for Extension of Time for Payment
                                                                    of Tax Due to Undue Hardship.
Form 1128........................................................  Application to Adopt, Change, or Retain a Tax
                                                                    Year.
Form 1138........................................................  Extension of Time For Payment of Taxes By a
                                                                    Corporation Expecting a Net Operating Loss
                                                                    Carryback.
Form 1139........................................................  Corporation Application for Tentative Refund.
Form 2220........................................................  Underpayment of Estimated Tax By
                                                                    Corporations.
Form 2438........................................................  Undistributed Capital Gains Tax Return.
Form 2439........................................................  Notice to Shareholder of Undistributed Long-
                                                                    Term Capital Gains.
Form 2553........................................................  Election by a Small Business Corporation.
Form 2848........................................................  Power of Attorney and Declaration of
                                                                    Representative.
Form 3115........................................................  Application for Change in Accounting Method.
Form 3468........................................................  Investment Credit.
Form 3520........................................................  Annual Return To Report Transactions With
                                                                    Foreign Trusts and Receipt of Certain
                                                                    Foreign Gifts.
Form 3520-A......................................................  Annual Return of Foreign Trust With a U.S.
                                                                    Owner.
Form 3800........................................................  General Business Credit.
Form 4136........................................................  Credit for Federal Tax Paid on Fuels.
Form 4255........................................................  Recapture of Investment Credit.
Form 4466........................................................  Corporation Application for Quick Refund of
                                                                    Overpayment of Estimated Tax.
Form 4562........................................................  Depreciation and Amortization (Including
                                                                    Information on Listed Property).
Form 4684........................................................  Casualties and Thefts.
Form 4797........................................................  Sales of Business Property.
Form 4810........................................................  Request for Prompt Assessment Under Internal
                                                                    Revenue Code Section 6501(d).
Form 4876-A......................................................  Election to Be Treated as an Interest Charge
                                                                    DISC.
Form 5452........................................................  Corporate Report of Nondividend
                                                                    Distributions.
Form 5471........................................................  Information Return of U.S. Persons With
                                                                    Respect To Certain Foreign Corporations.
Form 5471 (SCH E)................................................  Income, War Profits, and Excess Profits Taxes
                                                                    Paid or Accrued.
Form 5471 (SCH H)................................................  Current Earnings and Profits.
Form 5471 (SCH I-1)..............................................  Information for Global Intangible Low-Taxed
                                                                    Income.
Form 5471 (SCH J)................................................  Accumulated Earnings and Profits (E&P) of
                                                                    Controlled Foreign Corporation.
Form 5471 (SCH M)................................................  Transactions Between Controlled Foreign
                                                                    Corporation and Shareholders or Other
                                                                    Related Persons.
Form 5471 (SCH O)................................................  Organization or Reorganization of Foreign
                                                                    Corporation, and Acquisitions and
                                                                    Dispositions of its Stock.
Form 5471 (SCH P)................................................  Previously Taxed Earnings and Profits of U.S.
                                                                    Shareholder of Certain Foreign Corporations.
Form 5472........................................................  Information Return of a 25% Foreign-Owned
                                                                    U.S. Corporation or a Foreign Corporation
                                                                    Engaged in a U.S. Trade or Business.
Form 56..........................................................  Notice Concerning Fiduciary Relationship.
Form 56-F........................................................  Notice Concerning Fiduciary Relationship of
                                                                    Financial Institution.
Form 5713........................................................  International Boycott Report.
Form 5713 (SCH A)................................................  International Boycott Factor (Section
                                                                    999(c)(1)).
Form 5713 (SCH B)................................................  Specifically Attributable Taxes and Income
                                                                    (Section 999(c)(2)).
Form 5713 (SCH C)................................................  Tax Effect of the International Boycott
                                                                    Provisions.
Form 5735........................................................  American Samoa Economic Development Credit.
Form 5735 Schedule P.............................................  Allocation of Income and Expenses Under
                                                                    Section 936(h)(5).
Form 5884........................................................  Work Opportunity Credit.
Form 5884-A......................................................  Credits for Affected Midwestern Disaster Area
                                                                    Employers (for Employers Affected by
                                                                    Hurricane Harvey, Irma, or Maria or Certain
                                                                    California Wildfires).
Form 6198........................................................  At-Risk Limitations.
Form 6478........................................................  Biofuel Producer Credit.
Form 6627........................................................  Environmental Taxes.
Form 6765........................................................  Credit for Increasing Research Activities.
Form 6781........................................................  Gains and Losses From Section 1256 Contracts
                                                                    and Straddles.
Form 7004........................................................  Application for Automatic Extension of Time
                                                                    To File Certain Business Income Tax,
                                                                    Information, and Other Returns.
Form 8023........................................................  Elections Under Section 338 for Corporations
                                                                    Making Qualified Stock Purchases.
Form 8050........................................................  Direct Deposit Corporate Tax Refund.
Form 8082........................................................  Notice of Inconsistent Treatment or
                                                                    Administrative Adjustment Request (AAR).
Form 8275........................................................  Disclosure Statement.
Form 8275-R......................................................  Regulation Disclosure Statement.
Form 8283........................................................  Noncash Charitable Contributions.
Form 8288........................................................  U.S. Withholding Tax Return for Dispositions
                                                                    by Foreign Persons of U.S. Real Property
                                                                    Interests.
Form 8288-A......................................................  Statement of Withholding on Dispositions by
                                                                    Foreign Persons of U.S. Real Property
                                                                    Interests.
Form 8288-B......................................................  Application for Withholding Certificate for
                                                                    Dispositions by Foreign Persons of U.S. Real
                                                                    Property Interests.
Form 8300........................................................  Report of Cash Payments Over $10,000 Received
                                                                    In a Trade or Business.
Form 8302........................................................  Electronic Deposit of Tax Refund of $1
                                                                    Million or More.
Form 8308........................................................  Report of a Sale or Exchange of Certain
                                                                    Partnership Interests.
Form 8329........................................................  Lender's Information Return for Mortgage
                                                                    Credit Certificates (MCCs).
Form 8404........................................................  Interest Charge on DISC-Related Deferred Tax
                                                                    Liability.
Form 8453-C......................................................  U.S. Corporation Income Tax Declaration for
                                                                    an IRS e-file Return.
Form 8453-I......................................................  Foreign Corporation Income Tax Declaration
                                                                    for an IRS e-file Return.

[[Page 69829]]

 
Form 8453-PE.....................................................  U.S. Partnership Declaration for an IRS e-
                                                                    file Return.
Form 8453-S......................................................  U.S. S Corporation Income Tax Declaration for
                                                                    an IRS e-file Return.
Form 851.........................................................  Affiliations Schedule.
Form 8586........................................................  Low-Income Housing Credit.
Form 8594........................................................  Asset Acquisition Statement Under Section
                                                                    1060.
Form 8609........................................................  Low-Income Housing Credit Allocation and
                                                                    Certification.
Form 8609-A......................................................  Annual Statement for Low-Income Housing
                                                                    Credit.
Form 8611........................................................  Recapture of Low-Income Housing Credit.
Form 8621........................................................  Information Return By Shareholder of a
                                                                    Passive Foreign Investment Company or
                                                                    Qualified Electing Fund.
Form 8621-A......................................................  Return by a Shareholder Making Certain Late
                                                                    Elections to End Treatment as a Passive
                                                                    Foreign Investment Company.
Form 8655........................................................  Reporting Agent Authorization.
Form 8697........................................................  Interest Computation Under the Look-Back
                                                                    Method for Completed Long-Term Contracts.
Form 8703........................................................  Annual Certification of a Residential Rental
                                                                    Project.
Form 8716........................................................  Election To Have a Tax Year Other Than a
                                                                    Required Tax Year.
Form 8752........................................................  Required Payment or Refund Under Section
                                                                    7519.
Form 8804........................................................  Annual Return for Partnership Withholding Tax
                                                                    (Section 1446).
Form 8804 (SCH A)................................................  Penalty for Underpayment of Estimated Section
                                                                    1446 Tax for Partnerships.
Form 8804-C......................................................  Certificate of Partner-Level Items to Reduce
                                                                    Section 1446 Withholding.
Form 8804-W......................................................  Installment Payments of Section 1446 Tax for
                                                                    Partnerships.
Form 8805........................................................  Foreign Partner's Information Statement of
                                                                    Section 1446 Withholding tax.
Form 8806........................................................  Information Return for Acquisition of Control
                                                                    or Substantial Change in Capital Structure.
Form 8810........................................................  Corporate Passive Activity Loss and Credit
                                                                    Limitations.
Form 8813........................................................  Partnership Withholding Tax Payment Voucher
                                                                    (Section 1446).
Form 8816........................................................  Special Loss Discount Account and Special
                                                                    Estimated Tax Payments for Insurance
                                                                    Companies.
Form 8819........................................................  Dollar Election Under Section 985.
Form 8820........................................................  Orphan Drug Credit.
Form 8822-B......................................................  Change of Address--Business.
Form 8824........................................................  Like-Kind Exchanges.
Form 8825........................................................  Rental Real Estate Income and Expenses of a
                                                                    Partnership or an S Corporation.
Form 8826........................................................  Disabled Access Credit.
Form 8827........................................................  Credit for Prior Year Minimum Tax-
                                                                    Corporations.
Form 8830........................................................  Enhanced Oil Recovery Credit.
Form 8832........................................................  Entity Classification Election.
Form 8833........................................................  Treaty-Based Return Position Disclosure Under
                                                                    Section 6114 or 7701(b).
Form 8834........................................................  Qualified Electric Vehicle Credit.
Form 8835........................................................  Renewable Electricity, Refined Coal, and
                                                                    Indian Coal Production Credit.
Form 8838........................................................  Consent to Extend the Time To Assess Tax
                                                                    Under Section 367--Gain Recognition
                                                                    Agreement.
Form 8838-P......................................................  Consent To Extend the Time To Assess Tax
                                                                    Pursuant to the Gain Deferral Method
                                                                    (Section 721(c)).
Form 8842........................................................  Election to Use Different Annualization
                                                                    Periods for Corporate Estimated Tax.
Form 8844........................................................  Empowerment Zone Employment Credit.
Form 8845........................................................  Indian Employment Credit.
Form 8846........................................................  Credit for Employer Social Security and
                                                                    Medicare Taxes Paid on Certain Employee
                                                                    Tips.
Form 8848........................................................  Consent to Extend the Time to Assess the
                                                                    Branch Profits Tax Under Regulations
                                                                    Sections 1.884-2(a) and (c).
Form 8858........................................................  Information Return of U.S. Persons With
                                                                    Respect to Foreign Disregarded Entities
                                                                    (FDEs) and Foreign Branches (FBs).
Form 8858 (SCH M)................................................  Transactions Between Foreign Disregarded
                                                                    Entity of a Foreign Tax Owner and the Filer
                                                                    or Other Related Entities.
Form 8864........................................................  Biodiesel and Renewable Diesel Fuels Credit.
Form 8865........................................................  Return of U.S. Persons With Respect to
                                                                    Certain Foreign Partnerships.
Form 8865 (SCH G)................................................  Statement of Application for the Gain
                                                                    Deferral Method Under Section 721(c).
Form 8865 (SCH H)................................................  Acceleration Events and Exceptions Reporting
                                                                    Relating to Gain Deferral Method Under
                                                                    Section 721(c).
Form 8865 (SCH K-1)..............................................  Partner's Share of Income, Deductions,
                                                                    Credits, etc.
Form 8865 (SCH O)................................................  Transfer of Property to a Foreign
                                                                    Partnership.
Form 8865 (SCH P)................................................  Acquisitions, Dispositions, and Changes of
                                                                    Interests in a Foreign Partnership.
Form 8866........................................................  Interest Computation Under the Look-Back
                                                                    Method for Property Depreciated Under the
                                                                    Income Forecast Method.
Form 8869........................................................  Qualified Subchapter S Subsidiary Election.
Form 8873........................................................  Extraterritorial Income Exclusion.
Form 8874........................................................  New Markets Credit.
Form 8875........................................................  Taxable REIT Subsidiary Election.
Form 8878-A......................................................  IRS e-file Electronic Funds Withdrawal
                                                                    Authorization for Form 7004.
Form 8879-C......................................................  IRS e-file Signature Authorization for Form
                                                                    1120.
Form 8879-I......................................................  IRS e-file Signature Authorization for Form
                                                                    1120-F.
Form 8879-PE.....................................................  IRS e-file Signature Authorization for Form
                                                                    1065.
Form 8879-S......................................................  IRS e-file Signature Authorization for Form
                                                                    1120-S.
Form 8881........................................................  Credit for Small Employer Pension Plan
                                                                    Startup Costs.
Form 8882........................................................  Credit for Employer-Provided Childcare
                                                                    Facilities and Services.
Form 8883........................................................  Asset Allocation Statement Under Section 338.

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Form 8886........................................................  Reportable Transaction Disclosure Statement.
Form 8896........................................................  Low Sulfur Diesel Fuel Production Credit.
Form 8900........................................................  Qualified Railroad Track Maintenance Credit.
Form 8902........................................................  Alternative Tax on Qualified Shipping
                                                                    Activities.
Form 8903........................................................  Domestic Production Activities Deduction.
Form 8906........................................................  Distilled Spirits Credit.
Form 8908........................................................  Energy Efficient Home Credit.
Form 8910........................................................  Alternative Motor Vehicle Credit.
Form 8911........................................................  Alternative Fuel Vehicle Refueling Property
                                                                    Credit.
Form 8912........................................................  Credit to Holders of Tax Credit Bonds.
Form 8916........................................................  Reconciliation of Schedule M-3 Taxable Income
                                                                    with Tax Return Taxable Income for Mixed
                                                                    Groups.
Form 8916-A......................................................  Supplemental Attachment to Schedule M-3.
Form 8918........................................................  Material Advisor Disclosure Statement.
Form 8923........................................................  Mining Rescue Team Training Credit.
Form 8925........................................................  Report of Employer-Owned Life Insurance
                                                                    Contracts.
Form 8927........................................................  Determination Under Section 860(e)(4) by a
                                                                    Qualified Investment Entity.
Form 8932........................................................  Credit for Employer Differential Wage
                                                                    Payments.
Form 8933........................................................  Carbon Oxide Sequestration Credit.
Form 8936........................................................  Qualified Plug-In Electric Drive Motor
                                                                    Vehicle Credit.
Form 8937........................................................  Report of Organizational Actions Affecting
                                                                    Basis of Securities.
Form 8938........................................................  Statement of Foreign Financial Assets.
Form 8941........................................................  Credit for Small Employer Health Insurance
                                                                    Premiums.
Form 8947........................................................  Report of Branded Prescription Drug
                                                                    Information.
Form 8966........................................................  FATCA Report.
Form 8966-C......................................................  Cover Sheet for Form 8966 Paper Submissions.
Form 8979........................................................  Partnership Representative Revocation/
                                                                    Resignation and Designation.
Form 8990........................................................  Limitation on Business Interest Expense IRC
                                                                    163(j).
Form 8991........................................................  Tax on Base Erosion Payments of Taxpayers
                                                                    with Substantial Gross Receipts.
Form 8992........................................................  U.S Shareholder Calculation of Global
                                                                    Intangible Low-Taxed Income (GILTI).
Form 8993........................................................  Section 250 Deduction for Foreign-Derived
                                                                    Intangible Income (FDII) and Global
                                                                    Intangible Low-Taxed Income (GILTI).
Form 8994........................................................  Employer Credit for Paid Family and Medical
                                                                    Leave.
Form 8996........................................................  Qualified Opportunity Fund.
Form 926.........................................................  Return by a U.S. Transferor of Property to a
                                                                    Foreign Corporation.
Form 965.........................................................  Inclusion of Deferred Foreign Income Upon
                                                                    Transition to Participation Exemption
                                                                    System.
Form 965-B.......................................................  Corporate and Real Estate Investment Trust
                                                                    (REIT) Report of Net 965 Tax Liability and
                                                                    REIT Report of Net 965 Inclusion.
Form 965 (SCH-A).................................................  U.S. Shareholder's Section 965(a) Inclusion
                                                                    Amount.
Form 965 (SCH-B).................................................  Deferred Foreign Income Corporation's
                                                                    Earnings and Profits (E&P).
Form 965 (SCH-C).................................................  U.S. Shareholder's Aggregate Foreign Earnings
                                                                    and Profits Deficit.
Form 965 (SCH-D).................................................  U.S. Shareholder's Aggregate Foreign Cash
                                                                    Position.
Form 965 (SCH-E).................................................  U.S. Shareholder's Aggregate Foreign Cash
                                                                    Position Detail.
Form 965 (SCH-F).................................................  Foreign Taxes Deemed Paid by Domestic
                                                                    Corporation (for U.S. Shareholder Tax).
Form 965 (SCH-G).................................................  Foreign Taxes Deemed Paid by Domestic
                                                                    Corporation (for U.S. Shareholder Tax Year
                                                                    Ending in 2017).
Form 965 (SCH-H).................................................  Disallowance of Foreign Tax Credit and
                                                                    Amounts Reported on Forms 1116 and 1118.
Form 966.........................................................  Corporate Dissolution or Liquidation.
Form 970.........................................................  Application to Use LIFO Inventory Method.
Form 972.........................................................  Consent of Shareholder to Include Specific
                                                                    Amount in Gross Income.
Form 973.........................................................  Corporation Claim for Deduction for Consent
                                                                    Dividends.
Form 976.........................................................  Claim for Deficiency Dividends Deductions by
                                                                    a Personal Holding Company, Regulated
                                                                    Investment Company, or Real Estate
                                                                    Investment Trust.
Form 982.........................................................  Reduction of Tax Attributes Due to Discharge
                                                                    of Indebtedness (and Section 1082 Basis
                                                                    Adjustment).
Form SS-4........................................................  Application for Employer Identification
                                                                    Number.
Form SS-4PR......................................................  Solicitud de N[uacute]mero de
                                                                    Identificaci[oacute]n Patronal (EIN).
Form T (TIMBER)..................................................  Forest Activities Schedule.
Form W-8BEN......................................................  Certificate of Foreign Status of Beneficial
                                                                    Owner for United States Tax Withholding
                                                                    (Individual).
Form W-8BEN (E)..................................................  Certificate of Entities Status of Beneficial
                                                                    Owner for United States Tax Withholding
                                                                    (Entities).
Form W-8ECI......................................................  Certificate of Foreign Person's Claim That
                                                                    Income is Effectively Connected With the
                                                                    Conduct of a Trade or Business in the United
                                                                    States.
Form W-8IMY......................................................  Certificate of Foreign Intermediary, Foreign
                                                                    Flow-Through Entity, or Certain U.S.
                                                                    Branches for United States Tax Withholding.
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[FR Doc. 2019-27297 Filed 12-18-19; 8:45 am]
 BILLING CODE 4830-01-P