Estimated Tax for Corporations

Forms and Documents

Document Name	Status
Form 1120-W Estimated Tax for Corporations Form	Modified
Summary of changes for instructions 1120-W.pdf Justification for No Material/Nonsubstantive Change	2008-12-23
Summary of changes for 1120-W.pdf Justification for No Material/Nonsubstantive Change	2008-12-23
ombat2.doc Supplementary Document	2006-08-14
SS1120w.doc Supporting Statement A	2006-08-14

IC Document Collections

IC ID	Document Title	Status
17608	Estimated Tax for Corporations Form	Modified

ICR Details

OMB Control No: 1545-0975	ICR Reference No: 200812-1545-025
Status: Historical Active	Previous ICR Reference No: 200608-1545-037
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Estimated Tax for Corporations
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/15/2009
	Date Received in OIRA: 12/30/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2009	10/31/2009	10/31/2009
Responses	900,000	0	905,880
Time Burden (Hours)	12,831,766	0	9,316,190
Cost Burden (Dollars)	0	0	0

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Abstract: Form 1120-W is used by corporations to figure estimated tax liability and the amount of each installment payment. Form 1120-W is a worksheet only. It is not to be filed with the Internal Revenue Service.

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Authorizing Statute(s): US Code: 26 USC 6655 Name of Law: Failure by corporation to pay estimated income tax
  

Citations for New Statutory Requirements: PL: Pub.L. 109 - 222 401 Name of Law: Tax Increase Prevention and Reconciliation Act of 2005
PL: Pub.L. 110 - 28 3094, 8248 Name of Law: U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq
PL: Pub.L. 110 - 289 3094 Name of Law: Housing and Economic Recovery Act of 2008

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 34192	06/13/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 50502	08/25/2006
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Estimated Tax for Corporations	Schedule A , 1120-W	Estimated Tax for Corporations ,   Schedule A - Adjusted Seasonal Installment Method and Annualized Income Installment Method

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	900,000	905,880	0	0	-5,880	0
Annual Time Burden (Hours)	12,831,766	9,316,190	3,515,576	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Form 1120-W is used by corporations to figure estimated tax liability and the amount of each installment payment. Form 1120-W is a worksheet only. In accordance with PL 110-246, modifications were made to implement the addition of the alternative tax for corporations with qualified timber gains. (Section 55(b)(4) and P.L. 110-246). These resulted in a total burden increase of 3,515,576 hours. Adjustments were made to the number of estimated responses to account for double counting. This correction resulted in a decrease of 5,880 responses.

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Annual Cost to Federal Government: $77,260

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/30/2008

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