U.S. Income Tax Return for Cooperative Associations.

Forms and Documents

Document Name	Status
Form 1120-C U.S. Income Tax Return for Cooperative Associations. Form	Modified
2011 Summary of Changes.pdf Supplementary Document	2013-07-23
Supporting Statement.doc Supporting Statement A	2013-11-12
REG-149436-04.pdf Supplementary Document	2006-10-17
ombat2.doc Supplementary Document	2006-10-17

IC Document Collections

IC ID	Document Title	Status
45701	U.S. Income Tax Return for Cooperative Associations. Form	Modified

ICR Details

OMB Control No: 1545-2052	ICR Reference No: 201307-1545-050
Status: Historical Active	Previous ICR Reference No: 201008-1545-060
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: U.S. Income Tax Return for Cooperative Associations.
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: 03/24/2014
	Date Received in OIRA: 11/27/2013
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2017	36 Months From Approved	03/31/2014
Responses	3,000	0	4,000
Time Burden (Hours)	335,700	0	430,400
Cost Burden (Dollars)	0	0	0

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Abstract: IRS Code section 1381 requires subchapter T cooperatives to file returns. Previously, farmers' cooperatives filed Form 990-C and other subchapter T cooperatives filed Form 1120. If the subchapter T cooperative does not meet certain requirements, the due date of their return is two and one-half months after the end of their tax year which is the same as the due date for all other corporations. The due date for income tax returns filed by subchapter T cooperatives who meet certain requirements is eight and one-half months after the end of their tax year. Cooperatives who filed their income tax returns on Form 1120 were considered to be late and penalties were assessed since they had not filed by the normal due date for Form 1120. Due to the assessment of the penalties, burden was placed on the taxpayer and on the IRS employees to resolve the issue.

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Authorizing Statute(s): US Code: 26 USC 1381 Name of Law: Organizations to which part applies
  

Citations for New Statutory Requirements: None

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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:
	78 FR 28945	05/16/2013
30-day Notice:	Federal Register Citation:	Citation Date:
	78 FR 70412	11/25/2013
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
U.S. Income Tax Return for Cooperative Associations.	1120-C	US Income Tax Return for Cooperative Associations

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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	3,000	4,000	0	-1,000	0	0
Annual Time Burden (Hours)	335,700	430,400	0	-94,700	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: Yes

Burden Reduction Due to: Miscellaneous Actions

Short Statement: Beginning with tax year 2011, Schedule A previously found at the top of page 2 has been deleted. This schedule has been replaced with the stand alone Form 1125-A. Schedule E previously found on page 3 has been deleted. This schedule has been replaced with the stand alone Form 1125-E. Old lines 25, 26a, 26b, 26c, and 26d have been reformatted into new lines 25a, 25b, 25c, 26a, 26b, and 26c. These changes are based on comments we received from the National Council of Farmer Cooperatives. This submission is for renewal purposes, and to correctly reflect the change in burden incurred by these changes. Changes were made to form 1120-C, per the following statutes and regulations: 170(e)(3)(C)(iv) and 170(e)(3)(D)(iv) Code sections 181(f) and 198(h) RP 2011-21 Code section 6651(a)(2) Code sections 301(c) and 312 TD 9542 which revised Regulations sections 1.195-1(b) and 1.248-1(c) Code section 108(i) Revenue Ruling 65-106, 1965-1 C.B. 126 P.L. 110-246, section 15311 Public Law (P.L.) 111-240, sections 2012 and 2013

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Annual Cost to Federal Government: $4,500

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: 11/27/2013

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