Sections 6011 & 6012 of the Internal Revenue Code (IRC), require individuals to prepare and file income tax returns annually. These forms and related schedules are used by individuals to report their income subject to tax and compute their correct 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 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
PL:
Pub.L. 115 - 97 11041
Name of Law: Tax Reform Act of 2017
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 367(a)
Name of Law: Transfers of Property from the United States
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 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 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
US Code:
26 USC 163
Name of Law: Interest
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 6046A
Name of Law: Returns as to Interest In Foreign Partnerships
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 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 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
PL: Pub.L. 117 - 169 13501 Name of Law: Inflation Reduction Act
The year-over-year change in burden is analyzed and reported by technical adjustments, legislative adjustments, and agency adjustments.
Changes Due to Technical Adjustment: The majority of the year-over-year change is due to technical adjustments. The table provided below breaks down the major changes by technical adjustment type. Changes to the Updated FY23 Baseline estimates are primarily driven by an update to the macroeconomic model inputs.
Updated tax return data result in a 5% increase in average time burden and a 6% increase in out-of-pocket cost per response. Updated survey data and the associated updated model result in a 1% decrease in average time burden and a 4% decrease in out-of-pocket costs per response. Taking the updated tax data and new survey model together, the technical adjustment increases average time burden by a net 4% and out-of-pocket costs by a net 2%.
The FY24 population adjustments transition the underlying data file from FY23 to FY24 which includes aging the data for macroeconomic factors and adjusting weights to account for changes in the year over year population differences. A forecasted decrease in filers is expected to lead a decrease in aggregate time. Forecasted changes in macroeconomic factors are expected to lead to increases in average monetized time, out-of-pocket costs, and monetized burden.
Changes Due to Legislative Adjustment: The Inflation Reduction Act introduced changes leading to significant legislative year-over-year changes. The table provided below breaks down the two major legislative changes. Individual filers claiming the Clean Energy incentives are expected to in aggregate incur an additional 1,000,000 burden hours and $23,000,000 in out-of-pocket costs. This increase is primarily attributed to new claimants who are expected to on average incur under an hour of additional time burden and less than $20 of additional out-of-pocket costs. Individual filers claiming Clean Vehicle credits are expected to in aggregate incur an addition 1,000,000 burden hours and $17,000,000 in out-of-pocket costs. This increase is also primarily attributed to new claimants who are expected to on average incur under an hour of additional time burden and less than $20 of additional out-of-pocket costs. There is significant uncertainty about participation rates in these programs. A more precise estimate will be possible when tax year 2023 returns are available.
Changes Due to Agency Adjustment: The Inflation Reduction Act introduced one major change leading to a significant agency year-over-year change. The Inflation Reduction Act directed the IRS to pilot a direct file option. The direct file option is expected to decrease aggregate out-of-pocket costs by $21,000,000 and have a negligible impact on time burden.
$145,159,211
No
Yes
Yes
No
No
Yes
No
Catina Moody 240 613-0037 catina.d.moody@irs.gov
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.
2023 Supporting Statement-1545-0074.docx
Gov Cost - 1545-0074 rev.pdf
U.S. Individual Income Tax Return Forms