This request for clearance is approved for use through September 1982. OMB will extend the clearance is the Department requests an extension and also request approval of tax year 1982 forms by April 15, 1982. This request is to be based on the assumption that there will be no legislative changes affecting tax year l982 beyond those now existing. The supporting statement is to provide a justification of each line on the 1040 and on each associated schedule with specific statutory notation. It is also to describe how the IRS uses each data element, whether the datum is entered into the computer, and the consequence of not receiving the datum from all taxpayers. The justification is to provide an analysis of alternative approaches to collecting the data including collecting the data from only those selected for potential audit. It shall also discuss the consequences to having those selected for audit only provide the documentation supporting their claim in such form as they may have it assembled for their own purposes. The analysis is to consider both the potential revenue consequences of each alternative and the savings or cost to the government by reason of processing and storing less paper and the savings to the public by reason of being allowed to transfer totals from their accounting systems and/or worksheets directly to the basic tax form. That form should be designed to capture all of the needed totals. The Expiration date for this approval need not be printed on the tax year 1981 form.
Inventory as of this Action
Requested
Previously Approved
12/31/1982
12/31/1982
12/31/1982
145,101,000
0
56,043,000
268,288,662
0
149,000,000
0
0
0
IRC SECTIONS 6011 AND 6012 REQUIRE INDIVIDUALS TO FILE INCOME TAX RETURNS ANNUALLY. FORMS 1040 AND RELATED SCHEDULES ARE USED TO REPORT INCOME SUBJECT TO TAX AND COMPUTE THE TAX LIABILITY. THE DATA IS USED TO VERIFY THAT ITEMS ON THE FORMS ARE CORRECT AND FOR GENERAL STATISTICAL USE.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
U.S. INDIVIDUAL INCOME TAX RETURN AND RELATED SCHEDULES REPORTING BUSINESS, FARM, AND OTHER INCOME AND EXPENSES, SOCIAL SECURITY TAX, ETC.