Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. Business Income Tax Return Forms, 2035-2041 [2021-00306]
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Federal Register / Vol. 86, No. 6 / Monday, January 11, 2021 / Notices
through the use of automated collection
techniques or other forms of information
technology; and
(e) Estimates of capital or start-up
costs and costs of operation,
maintenance, and purchase of services
to provide information.
Bao Nguyen,
Principal Deputy Chief Counsel, Office of the
Comptroller of the Currency.
[FR Doc. 2021–00239 Filed 1–8–21; 8:45 am]
BILLING CODE 4810–33–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; U.S.
Business Income Tax Return Forms
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury will submit the following
information collection requests 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
these requests.
DATES: Comments should be received on
or before February 10, 2021 to be
assured of consideration.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained from Molly Stasko by emailing
PRA@treasury.gov, calling (202) 622–
SUMMARY:
8922, or viewing the entire information
collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION: Today,
over 90 percent of all business entity tax
returns are prepared using software by
the taxpayer or with preparer assistance.
The forms and related schedules and
regulations approved under OMB
Control Number 1545–0123 are 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). In addition,
there are numerous OMB numbers that
report burden already included in this
OMB number. In order to eliminate this
duplicative burden reporting, 163 OMB
numbers are being obsoleted. See
Appendix B for information on the
obsoleted OMB numbers and the burden
that was previously reported under
those numbers.
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 Control 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: There have been
changes in regulatory guidance related
to various forms approved under this
approval package during the past year.
There has been additions and removals
of forms included in this approval
package. These changes will have an
impact on the overall burden and cost
estimates requested for this approval
package, however these estimates were
not finalized at the time of release of the
60-day Federal Register notice on
November 3, 2020 (85 FR 69687). The
estimated burden figures have been
updated and summarized below.
Type of Review: Revision of currently
approved collections.
Affected Public: Corporations and
Pass-Through Entities.
Estimated Number of Respondents:
11,800,000.
Total Estimated Time: 1.085 billion
hours.
Estimated Time per Respondent: 85
hours (partnerships), 135 hours
(corporations), 80 hours (pass-through
corporations).
Total Estimated Out-of-Pocket Costs:
$44.279 billion.
Estimated Out-of-Pocket Cost per
Respondent: $3,800 (partnerships),
$5,700 (corporations), $3,000 (passthrough corporations).
Total Monetized Burden: $95.803
billion.
Estimated Total Monetized Burden
per Respondent: $7,700 (partnerships),
$14,100 (corporations), $6,200 (passthrough corporations).
Note: Amounts below are for
estimates for FY 2021. Reported time
and cost burdens are national averages
and do not necessarily reflect a
‘‘typical’’ case. Most taxpayers
experience lower than average burden,
with taxpayer burden varying
considerably by taxpayer type. Totals
may not add due to rounding.
FISCAL YEAR 2021 ESTIMATES FOR FORM 1120 AND 1065 SERIES OF RETURNS AND FORMS AND SCHEDULES
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Number of Taxpayers ................................................................................................
Burden in Hours .........................................................................................................
Burden in Dollars .......................................................................................................
Monetized Total Burden ............................................................................................
Tables 1, 2, and 3 below show the
burden model estimates for each of the
three classifications of business
taxpayers: Partnerships (Table 1),
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FY 20
Change in burden
12,000,000
3,344,000,000
$61,558,000,000
$190,981,000,000
(200,000)
(2,259,000,000)
($17,279,000,000)
$(95,178,000,000)
corporations (Table 2) and S
corporations (Table 3). As the tables
show, the average filing compliance is
different for the three forms of business.
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FY 21
11,800,000
1,085,000,000
$44,279,000,000
$95,803,000,000
Showing a combined average burden for
all businesses would understate the
burden for corporations and overstate
the burden for the two pass-through
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Federal Register / Vol. 86, No. 6 / Monday, January 11, 2021 / Notices
entities (partnerships and S
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 ENTITIES TAXED AS PARTNERSHIPS
[Forms 1065, 1066, and all attachments]
Number of
returns
(millions)
Primary form filed or type of taxpayer
All Partnerships ................................................................................................
Small ................................................................................................................
Other * ..............................................................................................................
Average time
per taxpayer
(hours)
4.5
4.2
0.3
85
75
245
Average cost
per taxpayer
Average
monetized
burden
$3,800
2,700
20,100
$7,700
5,200
44,900
*‘‘Other’’ 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 does not meet the definition of a large business.
TABLE 2—TAXPAYER BURDEN FOR ENTITIES TAXED AS 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]
Number of
returns
(millions)
Primary form filed or type of taxpayer
All Taxable Corporations .................................................................................
Small ................................................................................................................
Large * ..............................................................................................................
Average time
per taxpayer
(hours)
2.0
1.9
0.1
135
90
920
Average cost
per taxpayer
Average
monetized
burden
$5,700
3,000
48,100
$14,100
6,100
14,800
* 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 does not meet the definition of a large
business.
TABLE 3—TAXPAYER BURDEN FOR ENTITIES TAXED AS PASS-THROUGH CORPORATIONS
[Forms 1120–REIT, 1120–RIC, 1120–S, and all attachments]
Number of
returns
(millions)
Primary form filed or type of taxpayer
All Pass-Through Corporations .......................................................................
Small ................................................................................................................
Large * ..............................................................................................................
Average time
per taxpayer
(hours)
5.3
5.2
0.1
80
80
325
Average cost
per taxpayer
Average
monetized
burden
$3,000
2,700
23,400
$6,200
5,500
56,100
* 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 does not 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 *
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<$100,000 ....................................................................................................................................
$100,000 to $999,999 ..................................................................................................................
$1,000,000 to 9,999,999 ..............................................................................................................
$10,000,000 to $99,999,999 ........................................................................................................
>$100,000,000 .............................................................................................................................
65
82
124
425
1,850
Average
money
($)
Total average
monetized
burden
($)
1,425
3,952
10,244
35,128
136,090
2,571
7,605
22,224
77,928
322,521
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 *
<$100,000 ....................................................................................................................................
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72
11JAN1
Average
money
($)
1,239
Total average
monetized
burden
($)
2,330
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Federal Register / Vol. 86, No. 6 / Monday, January 11, 2021 / Notices
TABLE 2A—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]
Average time
(hrs)
Total positive income *
$100,000 to $999,999 ..................................................................................................................
$1,000,000 to 9,999,999 ..............................................................................................................
$10,000,000 to $99,999,999 ........................................................................................................
>$100,000,000 .............................................................................................................................
100
138
571
5,173
Average
money
($)
3,801
9,904
40,910
201,463
Total average
monetized
burden
($)
7,358
22,866
98,491
722,794
TABLE 3A—TAXPAYER BURDEN PASS-THROUGH CORPORATIONS
[Forms 1120–REIT, 1120–RIC, 1120–S 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 ........................................................................................................
>$100,000,000 .............................................................................................................................
Authority: 44 U.S.C. 3501 et seq.
65
80
99
327
1,342
Average
money
($)
1,096
2,866
6,906
23,828
93,016
Total average
monetized
burden
($)
1,990
5,503
15,909
56,813
228,241
Dated: January 6, 2021.
Molly Stasko,
Treasury PRA Clearance Officer.
APPENDIX A
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Form No.
Form name
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) .......................................
1065X ........................................................
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 ......................................................
1120F ........................................................
1120–F (SCH H) .......................................
1120–F (SCH I) .........................................
1120–F (SCH M1 & M2) ...........................
1120–F (SCH M–3) ...................................
Form 1120–F (SCH P) .......................................
Form 1120–F(SCH S) .........................................
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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.
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Federal Register / Vol. 86, No. 6 / Monday, January 11, 2021 / Notices
APPENDIX A—Continued
Form No.
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form name
1120–F (SCH V) .......................................
1120–FSC .................................................
1120FSC (SCH P) ....................................
1120H ........................................................
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) ...................................
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 ..................................................
1120S ........................................................
1120S (SCH B–1) .....................................
1120S (SCH D) .........................................
1120S (SCH K–1) .....................................
1120S (SCH M–3) .....................................
1120–SF ....................................................
1120–W .....................................................
1120–X ......................................................
1122 ..........................................................
Form
Form
Form
Form
Form
1125–A ......................................................
1125–E ......................................................
1127 ..........................................................
1128 ..........................................................
1138 ..........................................................
Form
Form
Form
Form
Form
Form
Form
Form
Form
1139
2220
2438
2439
2553
2848
3115
3468
3520
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
3520–A ......................................................
3800 ..........................................................
4136 ..........................................................
4255 ..........................................................
4466 ..........................................................
4562 ..........................................................
4684 ..........................................................
4797 ..........................................................
4810 ..........................................................
4876A ........................................................
5452 ..........................................................
5471 ..........................................................
5471 (SCH E) ............................................
5471 (SCH H) ...........................................
5471 (SCH I–1) .........................................
5471 (SCH J) ............................................
5471 (SCH M) ...........................................
..........................................................
..........................................................
..........................................................
..........................................................
..........................................................
..........................................................
..........................................................
..........................................................
..........................................................
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Form 5471 (SCH O) ...........................................
Form 5471 (SCH P) ............................................
Form 5472 ..........................................................
Form
Form
Form
Form
Form
56 ..............................................................
56F ............................................................
5713 ..........................................................
5713 (SCH A) ............................................
5713 (SCH B) ............................................
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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.
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)).
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Federal Register / Vol. 86, No. 6 / Monday, January 11, 2021 / Notices
2039
APPENDIX A—Continued
Form No.
Form name
Form
Form
Form
Form
Form
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
8023 ..........................................................
8050 ..........................................................
8082 ..........................................................
8275 ..........................................................
8275R ........................................................
8283 ..........................................................
8288 ..........................................................
..........................................................
..........................................................
..........................................................
..........................................................
..........................................................
..........................................................
Form 8288A ........................................................
Form 8288B ........................................................
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
8300 ..........................................................
8302 ..........................................................
8308 ..........................................................
8329 ..........................................................
8404 ..........................................................
8453–C ......................................................
8453–I .......................................................
8453–PE ....................................................
8453–S ......................................................
851 ............................................................
8586 ..........................................................
8594 ..........................................................
8609 ..........................................................
8609–A ......................................................
8611 ..........................................................
8621 ..........................................................
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Form 8621–A ......................................................
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 ..........................................................
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
8819 ..........................................................
8820 ..........................................................
8822B ........................................................
8824 ..........................................................
8825 ..........................................................
8826 ..........................................................
8827 ..........................................................
8830 ..........................................................
8832 ..........................................................
8833 ..........................................................
8834 ..........................................................
8835 ..........................................................
8838 ..........................................................
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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.
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.
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11JAN1
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Federal Register / Vol. 86, No. 6 / Monday, January 11, 2021 / Notices
APPENDIX A—Continued
Form No.
Form name
Form 8838–P ......................................................
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 1120S.
Credit for Small Employer Pension Plan Startup Costs.
Credit for Employer-Provided Childcare Facilities and Services.
Asset Allocation Statement Under Section 338.
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.
Form
Form
Form
Form
Form
8842
8844
8845
8846
8848
..........................................................
..........................................................
..........................................................
..........................................................
..........................................................
Form 8858 ..........................................................
jbell on DSKJLSW7X2PROD 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
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 ..........................................................
8886 ..........................................................
8896 ..........................................................
8900 ..........................................................
8902 ..........................................................
8903 ..........................................................
8906 ..........................................................
8908 ..........................................................
8910 ..........................................................
8911 ..........................................................
8912 ..........................................................
8916 ..........................................................
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
Form
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 ........................................................
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22:36 Jan 08, 2021
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11JAN1
Federal Register / Vol. 86, No. 6 / Monday, January 11, 2021 / Notices
2041
APPENDIX A—Continued
Form No.
Form name
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
SS–4 ..........................................................
SS–4PR .....................................................
T (TIMBER) ...............................................
W–8BEN ....................................................
Form W–8BEN(E) ...............................................
Form W–8ECI .....................................................
Form W–8IMY .....................................................
[FR Doc. 2021–00306 Filed 1–8–21; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; U.S.
Income Tax Return Forms for
Individual Taxpayers
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
AGENCY:
The Department of the
Treasury will submit the following
information collection requests 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
these requests.
DATES: Comments should be received on
or before February 10, 2021 to be
assured of consideration.
ADDRESSES: Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
jbell on DSKJLSW7X2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
22:36 Jan 08, 2021
Jkt 253001
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.
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be
obtained from Molly Stasko by emailing
PRA@treasury.gov, calling (202) 622–
8922, or viewing the entire information
collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION: Title: U.S.
Income Tax Return for Individual
Taxpayers.
OMB Control Number: 1545–0074.
Regulation Project Number: Form
1040 and affiliated return forms.
Abstract: IRC sections 6011 & 6012 of
the Internal Revenue Code require
individuals to prepare and file income
tax returns annually. These forms and
related schedules are used by
individuals to report their income
subject to tax and compute their correct
tax liability. This information collection
request (ICR), covers the actual
reporting burden associated with
preparing and submitting the prescribed
return forms, by individuals required to
file Form 1040 and any of its affiliated
forms as explained in the attached table.
Current Actions: There have been
changes in regulatory guidance related
to various forms approved under this
approval package during the past year.
There have been additions and removals
of forms included in this approval
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package. These changes will have an
impact on the overall burden and cost
estimates requested for this approval
package, however these estimates were
not finalized at the time of release of the
60-day Federal Register notice on
October 30, 2020 (85 FR 68956). The
estimated burden figures have been
updated and summarized below.
Type of Review: Revision of a
currently approved collection.
Affected Public: Individuals or
Households, Farms.
Estimated Number of Respondents:
164,500,000.
Estimated Time per Respondent: 12
hours.
Estimated Total Annual Burden
Hours: 1.955 billion.
Total Estimated Out-of-Pocket Costs:
$37.960 billion.
Estimated Out-of-Pocket Cost per
Respondent: $231.
Total Monetized Burden: $71.943
billion.
Estimated Total Monetized Burden
per Respondent: $437.
Note: Amounts below are estimates
for FY 2021. Reported time and cost
burdens are national averages and do
not necessarily reflect a ‘‘typical’’ case.
Most taxpayers experience lower than
average burden, with taxpayer burden
varying considerably by taxpayer type.
Totals may not add due to rounding.
E:\FR\FM\11JAN1.SGM
11JAN1
]]>Agencies
[Federal Register Volume 86, Number 6 (Monday, January 11, 2021)]
[Notices]
[Pages 2035-2041]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-00306]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; U.S. Business Income Tax Return Forms
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury will submit the following
information collection requests 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 these requests.
DATES: Comments should be received on or before February 10, 2021 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Molly Stasko by emailing [email protected], calling (202)
622-8922, or viewing the entire information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION: Today, over 90 percent of all business
entity tax returns are prepared using software by the taxpayer or with
preparer assistance. The forms and related schedules and regulations
approved under OMB Control Number 1545-0123 are 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).
In addition, there are numerous OMB numbers that report burden already
included in this OMB number. In order to eliminate this duplicative
burden reporting, 163 OMB numbers are being obsoleted. See Appendix B
for information on the obsoleted OMB numbers and the burden that was
previously reported under those numbers.
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 Control 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: There have been changes in regulatory guidance
related to various forms approved under this approval package during
the past year. There has been additions and removals of forms included
in this approval package. These changes will have an impact on the
overall burden and cost estimates requested for this approval package,
however these estimates were not finalized at the time of release of
the 60-day Federal Register notice on November 3, 2020 (85 FR 69687).
The estimated burden figures have been updated and summarized below.
Type of Review: Revision of currently approved collections.
Affected Public: Corporations and Pass-Through Entities.
Estimated Number of Respondents: 11,800,000.
Total Estimated Time: 1.085 billion hours.
Estimated Time per Respondent: 85 hours (partnerships), 135 hours
(corporations), 80 hours (pass-through corporations).
Total Estimated Out-of-Pocket Costs: $44.279 billion.
Estimated Out-of-Pocket Cost per Respondent: $3,800 (partnerships),
$5,700 (corporations), $3,000 (pass-through corporations).
Total Monetized Burden: $95.803 billion.
Estimated Total Monetized Burden per Respondent: $7,700
(partnerships), $14,100 (corporations), $6,200 (pass-through
corporations).
Note: Amounts below are for estimates for FY 2021. Reported time
and cost burdens are national averages and do not necessarily reflect a
``typical'' case. Most taxpayers experience lower than average burden,
with taxpayer burden varying considerably by taxpayer type. Totals may
not add due to rounding.
Fiscal Year 2021 Estimates for Form 1120 and 1065 Series of Returns and Forms and Schedules
----------------------------------------------------------------------------------------------------------------
FY 20 Change in burden FY 21
----------------------------------------------------------------------------------------------------------------
Number of Taxpayers.................................... 12,000,000 (200,000) 11,800,000
Burden in Hours........................................ 3,344,000,000 (2,259,000,000) 1,085,000,000
Burden in Dollars...................................... $61,558,000,000 ($17,279,000,000) $44,279,000,000
Monetized Total Burden................................. $190,981,000,000 $(95,178,000,000) $95,803,000,000
----------------------------------------------------------------------------------------------------------------
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 corporations and overstate the burden for the
two pass-through
[[Page 2036]]
entities (partnerships and S 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 Entities Taxed as Partnerships
[Forms 1065, 1066, and all attachments]
----------------------------------------------------------------------------------------------------------------
Number of Average time Average
Primary form filed or type of taxpayer returns per taxpayer Average cost monetized
(millions) (hours) per taxpayer burden
----------------------------------------------------------------------------------------------------------------
All Partnerships................................ 4.5 85 $3,800 $7,700
Small........................................... 4.2 75 2,700 5,200
Other *......................................... 0.3 245 20,100 44,900
----------------------------------------------------------------------------------------------------------------
*``Other'' 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 does not meet the definition of a large business.
Table 2--Taxpayer Burden for Entities Taxed as 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]
----------------------------------------------------------------------------------------------------------------
Number of Average time Average
Primary form filed or type of taxpayer returns per taxpayer Average cost monetized
(millions) (hours) per taxpayer burden
----------------------------------------------------------------------------------------------------------------
All Taxable Corporations........................ 2.0 135 $5,700 $14,100
Small........................................... 1.9 90 3,000 6,100
Large *......................................... 0.1 920 48,100 14,800
----------------------------------------------------------------------------------------------------------------
* 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 does not meet the definition of a large business.
Table 3--Taxpayer Burden for Entities Taxed as Pass-Through Corporations
[Forms 1120-REIT, 1120-RIC, 1120-S, and all attachments]
----------------------------------------------------------------------------------------------------------------
Number of Average time Average
Primary form filed or type of taxpayer returns per taxpayer Average cost monetized
(millions) (hours) per taxpayer burden
----------------------------------------------------------------------------------------------------------------
All Pass-Through Corporations................... 5.3 80 $3,000 $6,200
Small........................................... 5.2 80 2,700 5,500
Large *......................................... 0.1 325 23,400 56,100
----------------------------------------------------------------------------------------------------------------
* A ``large'' business is defined as one having end-of-year assets greater than $10 million. A ``large''
business is defined the same way for partnerships, taxable corporations, and pass-through corporations. A
small business is any business that does not meet the definition of a large business.
Tables 1A--3A show the average burden estimate for business
entities by total positive income. Total positive income is defined as
the sum of all positive income amounts reported on the return.
Table 1A--Taxpayer Burden for Partnerships
[Forms 1065, 1066, and all attachments]
----------------------------------------------------------------------------------------------------------------
Total average
Total positive income * Average time Average money monetized
(hrs) ($) burden ($)
----------------------------------------------------------------------------------------------------------------
<$100,000....................................................... 65 1,425 2,571
$100,000 to $999,999............................................ 82 3,952 7,605
$1,000,000 to 9,999,999......................................... 124 10,244 22,224
$10,000,000 to $99,999,999...................................... 425 35,128 77,928
>$100,000,000................................................... 1,850 136,090 322,521
----------------------------------------------------------------------------------------------------------------
Table 2A--Taxpayer Burden for Taxable Corporations
[Forms 1120, 1120-C, 1120-F, 1120-H, 1120-ND, 1120-SF, 1120-FSC, 1120-L, 1120-PC, 1120-POL and all attachments]
----------------------------------------------------------------------------------------------------------------
Total average
Total positive income * Average time Average money monetized
(hrs) ($) burden ($)
----------------------------------------------------------------------------------------------------------------
<$100,000....................................................... 72 1,239 2,330
[[Page 2037]]
$100,000 to $999,999............................................ 100 3,801 7,358
$1,000,000 to 9,999,999......................................... 138 9,904 22,866
$10,000,000 to $99,999,999...................................... 571 40,910 98,491
>$100,000,000................................................... 5,173 201,463 722,794
----------------------------------------------------------------------------------------------------------------
Table 3A--Taxpayer Burden Pass-Through Corporations
[Forms 1120-REIT, 1120-RIC, 1120-S and all attachments]
----------------------------------------------------------------------------------------------------------------
Total average
Total positive income * Average time Average money monetized
(hrs) ($) burden ($)
----------------------------------------------------------------------------------------------------------------
<$100,000....................................................... 65 1,096 1,990
$100,000 to $999,999............................................ 80 2,866 5,503
$1,000,000 to 9,999,999......................................... 99 6,906 15,909
$10,000,000 to $99,999,999...................................... 327 23,828 56,813
>$100,000,000................................................... 1,342 93,016 228,241
----------------------------------------------------------------------------------------------------------------
Authority: 44 U.S.C. 3501 et seq.
Dated: January 6, 2021.
Molly Stasko,
Treasury PRA Clearance Officer.
Appendix A
------------------------------------------------------------------------
Form No. Form name
------------------------------------------------------------------------
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 1065X................... 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 1120F................... 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.
[[Page 2038]]
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 1120FSC (SCH P)......... Transfer Price or Commission.
Form 1120H................... 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 1120S................... U.S. Income Tax Return for an S
Corporation.
Form 1120S (SCH B-1)......... Information on Certain Shareholders of an
S Corporation.
Form 1120S (SCH D)........... Capital Gains and Losses and Built-In
Gains.
Form 1120S (SCH K-1)......... Shareholder's Share of Income,
Deductions, Credits, etc..
Form 1120S (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.
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 4876A................... 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 56F..................... 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)).
[[Page 2039]]
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 8275R................... 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 8288A................... Statement of Withholding on Dispositions
by Foreign Persons of U.S. Real Property
Interests.
Form 8288B................... 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.
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 8822B................... 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.
[[Page 2040]]
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 1120S.
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.
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.
[[Page 2041]]
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. 2021-00306 Filed 1-8-21; 8:45 am]
BILLING CODE 4830-01-P
