Credit for Increasing Research Activities

Forms and Documents

Document Name	Status
Form 6765 Credit for Increasing Research Activities Form	Modified
ombat2.doc Supplementary Document	2008-07-21
1545-0619_Form 6765_REV.doc Supporting Statement A	2011-11-03

IC Document Collections

IC ID	Document Title	Status
39789	Credit for Increasing Research Activities Form	Modified

ICR Details

OMB Control No: 1545-0619	ICR Reference No: 201108-1545-046
Status: Historical Active	Previous ICR Reference No: 200807-1545-029
Agency/Subagency: TREAS/IRS	Agency Tracking No: EM-0619-046
Title: Credit for Increasing Research Activities
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/29/2011
	Date Received in OIRA: 11/16/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2014	36 Months From Approved	12/31/2011
Responses	15,805	0	15,805
Time Burden (Hours)	285,281	0	338,227
Cost Burden (Dollars)	0	0	0

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Abstract: IRC section 38 allows a credit against income tax (determined under IRC section 41) for an increase in research activities in a trade or business. Form 6765 is used by businesses individuals engaged in a trade or business to figure and report the credit. The data is used to verify that the credit claimed is correct.

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Authorizing Statute(s): US Code: 26 USC 38 Name of Law: General business credit
   US Code: 26 USC 280C Name of Law: Certain expenses for which credits are allowable
  

Citations for New Statutory Requirements: PL: Pub.L. 110 - 343 DIV C Sec. 301(b) Name of Law: Alternative Minimum Tax Relief 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:
	76 FR 37196	06/24/2011
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 70224	11/10/2011
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
Credit for Increasing Research Activities	6765	Credit for Increasing Research Activities

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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	15,805	15,805	0	0	0	0
Annual Time Burden (Hours)	285,281	338,227	-52,946	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: Pub. L. 110-343, Sec. 301(b), Div. C, added new IRC sec. 41(h)(2)., which eliminates the election of the alternative incremental credit (AIC) for taxable years beginning after December 31, 2008. Text revised to reflect increased percentage for tax years ending after December 31, 2008. Changes, made to comply with the new IRC sec.

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Annual Cost to Federal Government: $1,680

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

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: 11/16/2011

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