Terms of Clearance: Per its pre-existing agreement with IRS, OMB's approval of the U.S. Individual Income Tax Return and associated forms is extended until December 2020. IRS shall submit its next request for an extension of OMB approval before this expiration date, and continue to do so on an annual basis.
Inventory as of this Action
Requested
Previously Approved
01/31/2021
01/31/2021
01/31/2021
182,050,000
0
173,300,000
1,721,229,167
0
1,720,500,000
33,267,000,000
0
33,267,000,000
These forms and schedules are used by individuals to report their income tax liability. IRS uses the data collected on these forms and their schedules to compute tax liability and determine that the items claimed are properly allowable. This information is also used for general statistical purposes.
US Code:
26 USC 1211
Name of Law: Limitation on Capital Losses
US Code:
26 USC 1212
Name of Law: Capital Loss Carrybacks and Carryovers
US Code:
26 USC 1221
Name of Law: Capital Asset Defined
US Code:
26 USC 1222
Name of Law: Other Terms Relating to Capital Gains and Losses
US Code:
26 USC 1223
Name of Law: Holding Period of Property
US Code:
26 USC 1231
Name of Law: Property Used in the Trade or Business and Involuntary Conversions
US Code:
26 USC 6011
Name of Law: General Requirement of Return, Statement, or List
US Code:
26 USC 6012
Name of Law: Persons Required to Make Returns of Income
US Code:
26 USC 6404
Name of Law: Abatements
US Code:
26 USC 61
Name of Law: Gross Income Defined
US Code:
26 USC 6511
Name of Law: Limitations on Credit or Refund
US Code:
26 USC 222
Name of Law: Qualified Tuition and Related Expenses
US Code:
26 USC 6402
Name of Law: Authority to Make Credits or Refunds
US Code:
26 USC 6096
Name of Law: Designation by Individuals
US Code:
26 USC 6038B
Name of Law: Notice of Certain Transfers or Foreign Presons
US Code:
26 USC 68
Name of Law: Overall Limitation on Itemized Deducation
PL:
Pub.L. 91 - 508 609
Name of Law: The Fair Credit Reporting Act
US Code:
26 USC 217
Name of Law: Moving Expenses
US Code:
26 USC 367(e)(2)
Name of Law: Liquidation under Section 332
US Code:
26 USC 164
Name of Law: Taxes
US Code:
26 USC 165
Name of Law: Losses
US Code:
26 USC 170
Name of Law: Charitable, etc. Contributions and Gifts
US Code:
26 USC 211
Name of Law: Allowance of Deductions
US Code:
26 USC 212
Name of Law: Expenses for Production of Income
US Code:
26 USC 213
Name of Law: Medical, Dental, etc. Expenses
US Code:
26 USC 1233
Name of Law: Gains and Losses from Short Sales
US Code:
26 USC 32
Name of Law: Earned Income
US Code:
26 USC 3510
Name of Law: Coordination of Collection of Domestic Service Employment Taxes within Collection of Income Taxes
US Code:
26 USC 1301
Name of Law: Averaging Farm Income
US Code:
26 USC 1402
Name of Law: Definitions
US Code:
26 USC 6411
Name of Law: Tenative Carryback and Refund Adjustments
US Code:
26 USC 6654
Name of Law: Failure by Individual to Pay Estimated Income Tax
US Code:
26 USC 179
Name of Law: Election to Expense Certain Depreciable Business Assets
US Code:
26 USC 280F(b)(2)
Name of Law: Recapture
US Code:
26 USC 72
Name of Law: Annuities; Certain Proceeds of Endowment and Life Insurance Contracts
US Code:
26 USC 6058
Name of Law: Information Required in Connection With Certain Plans of Deferred Compensation
US Code:
26 USC 219
Name of Law: Retirement Savings
US Code:
26 USC 408
Name of Law: Individual Retirement Accounts
US Code:
26 USC 964(a)
Name of Law: Earnings and Profits
US Code:
26 USC 986(b)
Name of Law: Earnings and Profits Distributions
US Code:
26 USC 1256
Name of Law: Section 1256 Contracts Marked to Market
US Code:
26 USC 1092
Name of Law: Straddles
US Code:
26 USC 1298(b)(1)
Name of Law: Time for Determination
US Code:
26 USC 1291
Name of Law: Section 1291 Interest on Tax Deferral
US Code:
26 USC 367(a)
Name of Law: Transfers of Property from the United States
PL:
Pub.L. 115 - 97 11041
Name of Law: Tax Reform Act of 2017
US Code:
26 USC 6031
Name of Law: Return of Partnership Income
US Code:
26 USC 6038
Name of Law: Information Reporting with Respect to Certain Foreign Corporations and Partnerships
US Code:
26 USC 6038B
Name of Law: Notice of Certain Transfers to Foreign Persons
US Code:
26 USC 6046A
Name of Law: Returns as to Interest In Foreign Partnerships
US Code:
26 USC 45E
Name of Law: Small Employer Pension Plan Startup Costs
US Code:
26 USC 45L
Name of Law: New Energy Efficient Home Credit
US Code:
26 USC 6039G
Name of Law: Information on Individuals Losing United States Citizenship
US Code:
26 USC 108(a)
Name of Law: Exclusion from Gross Income
US Code:
26 USC 67
Name of Law: Two Percent Floor on Miscellaneous Itemized Deductions
US Code:
26 USC 163
Name of Law: Interest
PL:
Pub.L. 109 - 432 101
Name of Law: Tax Relief and Health Care Act of 2006
PL:
Pub.L. 115 - 97 11001
Name of Law: Tax Cut and Jobs Act
US Code:
26 USC 631(a)
Name of Law: Election to Consider Cutting as a Sale or Exchange
PL:
Pub.L. 116 - 136 2301
Name of Law: Coronavirus Aid, Relief, and Economic Security (CARES) Act
US Code:
26 USC 1201
Name of Law: Alternative Tax for Corporations
US Code:
26 USC 1202
Name of Law: Partial Exclusion for Gain from Certain Small Business Stock
US Code:
26 USC 631(b)
Name of Law: Disposal of Timber
PL: Pub.L. 116 - 136 2301 Name of Law: Coronavirus Aid, Relief, and Economic Security (CARES) Act
Form 2120, Form 2441, Form 1040 X, Form 1040 NR-EZ, Schedule A (1040), Form 5213, Schedule C (Form 5713), Form 5074, Form 3115, Form 5329, Form 4029, Form 8611, Form 8621, Form 8697, Form 8814, Form 8815, Form 8082, Form 8582-CR, Form 8693, Form 3520, Form 6252, Form 6478, Form 6765, Form 6781, Form 2210, Form 2210-F, Form 5754, Form 5884, Form 6198, Form 6251, Form 8919, Form 8903, Form SS-8, Form W--4 P, Form 8962, 3911, 8857, 8302, 14039, 14095, Form 8880, Form 8879, Form 8889, Form 8874, Form 8912, Form 8878, Schedule K-1, Schedule O (Form 8865), Form 8873, Form 8907, Form 8846, Form 8829, Form 8818, Form 8820, Form 8821, Form 8621-A, Form 1040, Schedule E (Form 1040), Form 1040 ES, Form 4952, Form 4970, Form 8283, Form 8332, Form 8379, Form 8396, Form 8453, Form 8689, Form 970, Form 2555, Schedule H (Form 1040) and Sch H(PR), Form 8865, Form 8824, Form 1040 ES (NR), Form 8826, Form 8586, Form 8594, Form 8609-A, Form 8615, Form 8801, Form 8838, Form 8839, Form 8933, Form 8906, Form 8882, Form 8908, Form 8936, Form 3903, Form 4070, Form 4070A, Instructions for Form 4070 and 4070-A, Form 1045, Form 8843, Form 8853, Schedule P (Form 8865), Form 8866, Form 8845, Form 8847, Form 8854, Form 8858, Form T (Timber), Form 8896, Form 8931, Form 8888, Form 8900, Form SS-4, Form 1040 ES (PR), Form 8844, Schedule M (Form 8858), Form 8859, Form 8881, Form 8911, Form 8958, Form W-4, Form 8832, Form 8833, Form 8835, Form 8925, Form 8932, Form 8885, Form 8886, Form 8910, Form 8275, Form 8275-R, Form 8582, Form 4563, Form 926, Schedule F (Form 1040), Schedule C-EZ (Form 1040), Schedule D (Form 1040), Schedule EIC (Form 1040), Form 2350, Form 2439, Form 4137, Form 4136, Form 4255, Form 4797, Form 4852, Form 8822, Form 8828, Form 8834, Form 8840, Form 5695, Schedule O (Form 5471), Schedule J (Form 5471), 8938 , Form 8867, Form 1040-C, Form 4361, Form 4562, Form 1040 Schedule 2, Form 1040 Schedule 3, Form 1040 Schedule 1, Form 4835, Form 4972, Form 5405, Form 5471, Schedule M (Form 5471), Form 5713, Schedule A (Form 5713), Form 8606, Form 8898, W-7 (COA), Form 9465, Form W-4 S, Form W-4 V, Form W-7, Form W-7 A, Form 1128, Form 8862, Form 8864, Form 8917, Form 8863, Schedule J (Form 1040), Schedule R (Form 1040), Schedule SE (Form 1040), Form 1040 V, Form 2848, Schedule B (Form 1040), Schedule C (Form 1040), Form 1040 ES/OCR, Form 1127, Form 1310, Form 1040 NR, Form 673, Form 972, Form 982, Form 1116, Form 3468, Form 3800, Form 4684, Form 4868, Schedule B (Form 5713), Form 2106
P.L. 116-136 (H.R. 748, Coronavirus Aid, Relief and Economic Security (CARES) Act) - signed by the President on March 27, 2020, established a 2020 recovery rebate for individuals (the Economic Impact Payment (EIP). As a result, IRS will issue EIPs to help Americans during this crisis. Taxpayers who filed a tax return for 2019 and 2018, and everyone who has Social Security and Railroad Retirement Act payments reported on 1099s, will receive an EIP without doing anything else.
The IRS has created a web-based portal (the “Get Your Payment” tool) that enables individuals who would otherwise receive a check in the mail to register to receive their EIP through direct deposit. This tool will provide a way for taxpayers to provide bank account information to ensure the fastest delivery of the EIP.
Since these are unprecedented times and potentially a one-time occurrence, the number of people who will provide their bank account information is unknown. The IRS estimates that approximately 8,750,000 persons will use this tool under the CARES ACT and that it will take approximately 5 minutes to complete.
The agency is, therefore, requesting a Non-Material Change request to add an additional 8,750,000 responses and 729,167 hours to OMB #1545-0074 as a one time (temporary increase) in burden due to enactment of the CARES Act.
$9,499,563
No
Yes
Yes
No
No
Yes
Uncollected
Jeffery Mitchell 202 622-4970
No
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.