Changes in Periods of Accounting

Forms and Documents

Document Name	Status
2018-01-29_SS_1545-1786rKD.doc Supporting Statement A	2018-01-29

IC Document Collections

IC ID	Document Title	Status
19370	Rev. Proc. 2002-39; Changes in Periods of Accounting	Modified

ICR Details

OMB Control No: 1545-1786	ICR Reference No: 201711-1545-044
Status: Active	Previous ICR Reference No: 201411-1545-019
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Changes in Periods of Accounting
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: 04/30/2018
	Date Received in OIRA: 03/29/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2021	36 Months From Approved	04/30/2018
Responses	900	0	800
Time Burden (Hours)	600	0	700
Cost Burden (Dollars)	0	0	0

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Abstract: This previously approved Revenue Procedure's 2006-45 (modified and clarified by 2007-64), 2006-46, and 2002-39 (modified by 2003-79) provide the comprehensive administrative rules and guidance for affected taxpayers adopting, changing, or retaining annual accounting periods, for federal income tax purposes. In order to determine whether a taxpayer has properly adopted, changed to, or retained an annual accounting period, certain information regarding the taxpayer’s qualification for and use of the requested annual accounting period is required. The revenue procedures request the information necessary to make that determination when the information is not otherwise available. The only collection of information being reported under this ICR is the information in Revenue Procedure 2002-39. The burden under Revenue Procedure 2006-45 and 2006-46 are being reported under their respective forms (1545-0134 and 1545-0123).

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Authorizing Statute(s): US Code: 26 USC 441 Name of Law: Period for computation of taxable income
   US Code: 26 USC 442 Name of Law: Change of annual accounting period
  

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:
	82 FR 61668	12/28/2017
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 13588	03/29/2018
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
Rev. Proc. 2002-39; Changes in Periods of Accounting

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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	800	0	100	0	0
Annual Time Burden (Hours)	600	700	0	-100	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: Cutting Redundancy

Short Statement: There is no change in the estimated time per respondent. There is however, a change in the number of respondents as the agency discovered an error in addition. Total number of respondents is 900 versus 800. In addition, 100 hours has been removed, as burden hours for Revenue Procedure 2006-45 and Revenue Procedure 2006-46 were erroneously figured in the total burden. The estimated total annual reporting burden for both revenue procedures is reflected in the burden estimates for Form 1128 and/or Form 2553 (1545-0134 and 1545-0123).

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Annual Cost to Federal Government: $0

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     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: 03/29/2018

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