[Federal Register Volume 86, Number 6 (Monday, January 11, 2021)]
[Notices]
[Pages 2041-2046]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-00316]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; U.S. Income Tax Return Forms for Individual
Taxpayers
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
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SUMMARY: The Department of the Treasury will submit the following
information collection requests to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, on or after the date of publication of this
notice. The public is invited to submit comments on these requests.
DATES: Comments should be received on or before February 10, 2021 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Molly Stasko by emailing [email protected], calling (202)
622-8922, or viewing the entire information collection request at
www.reginfo.gov.
SUPPLEMENTARY INFORMATION: Title: U.S. Income Tax Return for Individual
Taxpayers.
OMB Control Number: 1545-0074.
Regulation Project Number: Form 1040 and affiliated return forms.
Abstract: IRC sections 6011 & 6012 of the Internal Revenue Code
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.
This information collection request (ICR), covers the actual reporting
burden associated with preparing and submitting the prescribed return
forms, by individuals required to file Form 1040 and any of its
affiliated forms as explained in the attached table.
Current Actions: There have been changes in regulatory guidance
related to various forms approved under this approval package during
the past year. There have been additions and removals of forms included
in this approval package. These changes will have an impact on the
overall burden and cost estimates requested for this approval package,
however these estimates were not finalized at the time of release of
the 60-day Federal Register notice on October 30, 2020 (85 FR 68956).
The estimated burden figures have been updated and summarized below.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals or Households, Farms.
Estimated Number of Respondents: 164,500,000.
Estimated Time per Respondent: 12 hours.
Estimated Total Annual Burden Hours: 1.955 billion.
Total Estimated Out-of-Pocket Costs: $37.960 billion.
Estimated Out-of-Pocket Cost per Respondent: $231.
Total Monetized Burden: $71.943 billion.
Estimated Total Monetized Burden per Respondent: $437.
Note: Amounts below are estimates for FY 2021. Reported time and
cost burdens are national averages and do not necessarily reflect a
``typical'' case. Most taxpayers experience lower than average burden,
with taxpayer burden varying considerably by taxpayer type. Totals may
not add due to rounding.
[[Page 2042]]
Table 1--ICB Estimates for the 1040/SR/NR/NR-EZ/X Series of Returns and Supporting Forms and Schedules FY2021
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Program change
FY20 Program change due to new Program change FY 21
due to adjustment legislation due to agency
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Number of Taxpayers...................................... 159,300,000 5,200,000 ................. ................. 164,500,000
Burden in Hours.......................................... 1,717,000,000 279,000,000 ................. ................. 1,995,000,000
Burden in Dollars........................................ 33,267,000,000 4,695,000,000 ................. (1,000,000) 37,960,000,000
Monetized Total Burden................................... 60,997,000,000 10,951,000,000 ................. (4,000,000) 71,943,000,000
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Table 2 below provides information specific to taxpayer burden
incurred by Form 1040 filers.
Table 2--All Form 1040 Filers
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Primary form filed or type of taxpayer Time burden Money burden
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Average time burden (hours) ***
--------------------------------------------------------------------- Total
Percentage Form Average monetized
of returns Tax completion cost burden
Total time Recordkeeping planning and All other (dollars) (dollars)
submission
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All Taxpayers............................... 100 12 5 2 4 1 $230 $440
Type of Taxpayer:
Nonbusiness **.......................... 70 8 3 1 3 1 140 270
Business **................................. 30 21 11 3 5 2 440 840
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Note: This table does not include 1040NR, 1040NR-EZ, and 1040X filers.
Detail may not add to total due to rounding. Dollars rounded to the nearest $10.
** A ``business'' filer files one or more of the following with Form 1040: Schedule C, C-EZ, E, F, Form 2106, or 2106-EZ. A ``non-business'' filer does
not file any of these schedules or forms with Form 1040.
*** Times are rounded to nearest hour.
Authority: 44 U.S.C. 3501 et seq.
Dated: January 6, 2021.
Molly Stasko,
Treasury PRA Clearance Officer.
Appendix A
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Form No. Form name
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Form 1040.................... U.S. Individual Tax Return.
Form 1040 Schedule 1......... Form 1040 Schedule 1 Additional Income
and Adjustments to Income.
Form 1040 Schedule 1 (SP).... Additional Income and Adjustments to
Income in Spanish.
Form 1040 Schedule 2......... Form 1040 Schedule 2 Tax.
Form 1040 Schedule 2 (SP).... Additional Taxes in Spanish.
Form 1040 Schedule 3......... Form 1040 Schedule 3 Nonrefundable
Credits.
Form 1040 Schedule 3 (SP).... Additional Credits and Payments in
Spanish.
Form 1040 Schedule 4......... Form 1040 Schedule 4 Other Taxes.
Form 1040 Schedule 5......... Form 1040 Schedule 5 Other payments and
Refundable Credits.
Form 1040 Schedule 6......... Form 1040 Schedule 6 Foreign Address and
Third-Party Designee.
Form 1040-C.................. U.S. Departing Alien Income Tax Return.
Form 1040 X.................. Amended U.S. Individual Income Tax
Return.
Form 1040 NR................. U.S. Nonresident Alien Income Tax Return.
Form 1040 NR-EZ.............. U.S. Income Tax Return for Certain
Nonresident Aliens with No Dependents.
Form 1040-PR................. Planilla Para La Declaracion De La
Contribucion Federal Sobre El Trabajo
Por Cuenta Propia--Puerto Rico.
Form 1040-SR................. U.S. Income Tax Return for Seniors.
Form 1040-SS................. U.S. Self-Employment Tax Return
(Including the Additional Child Tax
Credit for Bona Fide Residents of Puerto
Rico).
Schedule A (1040)............ Itemized Deductions.
Schedule B (Form 1040)....... Interest and Ordinary Dividends.
Schedule C (Form 1040)....... Profit or Loss from Business.
Schedule C-EZ (Form 1040).... Net Profit from Business.
Schedule D (Form 1040)....... Capital Gains and Losses.
Schedule E (Form 1040)....... Supplemental Income and Loss.
Schedule EIC (Form 1040)..... Earned Income Credit.
Schedule EIC (SP) (F. 1040).. Earned Income Credit (Spanish version).
Schedule F (Form 1040)....... Profit or Loss from Farming.
Schedule H (Form 1040) and Household Employment Taxes.
Sch H(PR).
[[Page 2043]]
Schedule J (Form 1040)....... Income Averaging for Farmers and
Fishermen.
Schedule LEP................. Request for Alternative Language Products
by Taxpayers with Limited English
Proficiency (LEP).
Schedule LEP (SP)............ Schedule LEP Limited English Proficiency
(SP).
Schedule R (Form 1040)....... Credit for the Elderly or the Disabled.
Schedule SE (Form 1040)...... Self-Employment Tax.
Form 1040 V.................. Payment Voucher.
Form 1040 ES/OCR............. Estimated Tax for Individuals (Optical
Character Recognition with Form 1040V).
Form 1040 ES................. Estimate Tax for Individuals.
Form 1040 ES (NR)............ U.S. Estimated Tax for Nonresident Alien
Individuals.
Form 1040 ES (PR)............ Federales Estimadas del Trabajo por
Cuenta Propia y sobre el Impleo de
Empleados Domestocs-Puerto Rico.
Form 461..................... Limitation on Business Losses.
Form 673..................... Statement for Claiming Exemption from
Withholding on Foreign Earned Income
Eligible for the Exclusions Provided by
Section 911.
Form 926..................... Return by a U.S. Transferor of Property
to a Foreign Corporation.
Form 965-A................... Individual Report of Net 965 Tax
Liability.
Form 965-C................... Transfer Agreement Under 965(h)(3).
Form 970..................... Application to Use LIFO Inventory Method.
Form 972..................... Consent of Shareholder to Include
Specific Amount in Gross Income.
Form 982..................... Reduction of Tax Attributes Due to
Discharge of Indebtedness (and Section
1082 Basis Adjustment).
Form 1045.................... Application for Tentative Refund.
Form 1098-F.................. Fines, Penalties and Other Amounts.
Form 1116.................... Foreign Tax Credit.
Form 1127.................... Application for Extension of Time for
Payment of Tax.
Form 1128.................... Application to Adopt, Change, or Retain a
Tax Year.
Form 1310.................... Statement of Person Claiming Refund Due
to a Deceased Taxpayer.
Form 2106.................... Employee Business Expenses.
Form 2106-EZ................. Unreimbursed Employee Business Expenses.
Form 2120.................... Multiple Support Declaration.
Form 2210.................... Underpayment of Estimated Tax by
Individuals, Estates, and Trusts.
Form 2210-F.................. Underpayment of Estimated Tax by Farmers
and Fishermen.
Form 2350.................... Application for Extension of Time to File
U.S. Income Tax Return.
Form 2350 SP................. Solicitud de Prorroga para Presentar la
Declaracion del Impuesto Personal sobre
el Ingreso de lose Estados Unidos.
Form 2441.................... Child and Dependent Care Expenses.
Form 2555.................... Foreign Earned Income.
Form 2555 EZ................. Foreign Earned Income Exclusion.
Form 3115.................... Application for Change in Accounting
Method.
Form 3468.................... Investment Credit.
Form 3520.................... Annual Return to Report Transactions with
Foreign Trusts and Receipt of Certain
Foreign Gifts.
Form 3800.................... General Business Credit.
Form 3903.................... Moving Expenses.
Form 4070.................... Employee's Report of Tips to Employer.
Form 4070A................... Employee's Daily Record of Tips.
Form 4136.................... Credit for Federal Tax Paid on Fuels.
Form 4137.................... Social Security and Medicare Tax on
Underreported Tip Income.
Form 4255.................... Recapture of Investment Credit.
Form 4361.................... Application for Exemption from Self-
Employment Tax for Use by Ministers,
Members of Religious Orders, and
Christian Science Practitioners.
Form 4562.................... Depreciation and Amortization.
Form 4563.................... Exclusion of Income for Bona Fide
Residents of American Samoa.
Form 4684.................... Causalities and Thefts.
Form 4797.................... Sale of Business Property.
Form 4835.................... Farm Rental Income and Expenses.
Form 4852.................... Substitute for Form W-2, Wage and Tax
Statement or Form 1099-R, Distributions
from Pension Annuities, Retirement or
Profit-Sharing Plans, IRAs, Insurance
Contracts, etc..
Form 4868.................... Application for Automatic Extension of
Time to File Individual U.S. Income Tax
Return.
Form 4868 SP................. Solicitud de Prorroga Automatica para
Presentar la Declaracion del Impuesto
sobre el Ingreso Personal de los Estados
Unidos.
Form 4952.................... Investment Interest Expense Deduction.
Form 4970.................... Tax on Accumulation Distribution of
Trusts.
Form 4972.................... Tax on Lump-Sum Distributions.
Form 5074.................... Allocation of Individual Income Tax to
Guam or the Commonwealth of the Northern
Mariana Islands (CNMI).
Form 5213.................... Election to Postpone Determination as to
Whether the Presumption Applies that an
Activity is Engaged in for Profit.
Form 5329.................... Additional Taxes on Qualified Plans
(Including IRAs) and Other Tax-Favored
Accounts.
Form 5405.................... First-Time Homebuyer Credit.
Form 5471.................... Information Return of U.S. Persons with
Respect to Certain Foreign Corporations.
[[Page 2044]]
Schedule J (Form 5471)....... Accumulated Earnings and Profits (E&P)
and Taxes of Controlled Foreign
Corporations.
Schedule M (Form 5471)....... Transactions Between Controlled Foreign
Corporation and Shareholders or Other
Related Persons.
Schedule O (Form 5471)....... Organization or Reorganization of Foreign
Corporation, and Acquisitions and
Dispositions of its Stock.
Form 5695.................... Residential Energy Credits.
Form 5713.................... International Boycott Report.
Schedule A (Form 5713)....... International Boycott Factor (Section
999(c)(1)).
Schedule B (Form 5713)....... Specifically Attributable Taxes and
Income (Section 999(c)(2)).
Schedule C (Form 5713)....... Tax Effect of the International Boycott
Provisions.
Form 5884.................... Work Opportunity Cost.
Form 5884-A.................. Credits for Affected Disaster Area
Employees.
Form 6198.................... At-Risk Limitations.
Form 6251.................... Alternative Minimum Tax-Individuals.
Form 6252.................... Installment Sale Income.
Form 6478.................... Biofuel Producer Credit.
Form 6765.................... Credit for Increasing Research
Activities.
Form 6781.................... Gains and Losses from Section 1256
Contracts and Straddles.
Form 8082.................... Notice of Inconsistent Treatment or
Administrative Adjustment Request (AAR).
Form 8275.................... Disclosure Statement.
Form 8275-R.................. Regulation Disclosure Statement.
Form 8283.................... Noncash Charitable Contributions.
Form 8332.................... Release of Claim to Exemption for Child
of Divorced or Separated Parents.
Form 8379.................... Injured Spouse Claim and Allocation.
Form 8396.................... Mortgage Interest Credit.
Form 8453.................... U.S. Individual Income Tax Declaration
for an IRS e-file Return.
Schedule LEP................. Request for Alternative Language Products
by Taxpayers with Limited English
Proficiency (LEP).
Schedule LEP (SP)............ Schedule LEP Limited English Proficiency
(SP).
Schedule 1 (SP) (F. 1040).... Additional Income and Adjustments to
Income in Spanish.
Schedule 2 (SP) (F. 1040).... Additional Taxes in Spanish.
Schedule 3 (SP) (F. 1040).... Additional Credits and Payments in
Spanish.
Schedule EIC (SP) (F. 1040).. Earned Income Credit (Spanish version).
8915-D....................... Qualified 2019 Disaster Retirement Plan
Distributions and Repayments.
Form 8453(SP)................ U.S. Individual Income Tax Declaration
for an IRS e-file Return (Spanish
version).
Form 8582.................... Passive Activity Loss Limitation.
Form 8582-CR................. Passive Activity Credit Limitations.
Form 8586.................... Low-Income Housing Credit.
Form 8594.................... Asset Acquisition Statement Under Section
1060.
Form 8606.................... Nondeductible IRAs.
Form 8609-A.................. Annual Statement for Low-Income Housing
Credit.
Form 8611.................... Recapture of Low-Income Housing Credit.
Form 8615.................... Tax for Certain Children Who Have
Investment Income of More than $1,800.
Form 8621.................... Return by a Shareholder of a Passive
Foreign Investment Company or Qualified
Electing Fund.
Form 8621-A.................. Return by a Shareholder Making Certain
Late Elections to End Treatment as a
Passive Foreign Investment Company.
Form 8689.................... Allocation of Individual Income Tax to
the Virgin Islands.
Form 8697.................... Interest Computations Under the Look-Back
Method for Completed Long-Term
Contracts.
Form 8801.................... Credit for Prior Year Minimum Tax-
Individuals, Estates, and Trusts.
Schedule 8812 (Form 1040).... Additional Child Tax Credit.
Schedule 8812(SP) (Form 1040) Additional Tax Credit (Spanish version).
Form 8814.................... Parents' Election to Report Child's
Interest and Dividends.
Form 8815.................... Exclusion of Interest from Series EE and
I U.S. Savings Bonds Issued After 1989.
Form 8818.................... Optional Form to Record Redemption of
Series EE and I U.S. Savings Bonds
Issued After 1989.
Form 8820.................... Orphan Drug Credit.
Form 8824.................... Like-Kind Exchanges.
Form 8826.................... Disabled Access Credit.
Form 8828.................... Recapture of Federal Mortgage Subsidy.
Form 8829.................... Expenses for Business Use of Your Home.
Form 8833.................... Treaty-Based Return Position Disclosure
Under Section 6114 or 7701(b).
Form 8834.................... Qualified Electric Vehicle Credit.
Form 8835.................... Renewable Electricity, Refined Coal, and
Indian Coal Production Credit.
Form and Instruction......... Form 8838.
Form......................... Form 8839.
Form 8840.................... Closer Connection Exception Statement for
Aliens.
Form 8843.................... Statement for Exempt Individuals and
Individuals with a Medical Condition.
Form 8844.................... Empowerment Zone and Renewal Community
Employment Credit.
Form 8845.................... Indian Employment Credit.
Form 8846.................... Credit for Employer Social Security and
Medicare Taxes Paid on Certain Employee
Tips.
Form 8853.................... Archer MSA's and Long-Term Care Insurance
Contracts.
[[Page 2045]]
Form 8854.................... Initial and Annual Expatriation
Information Statement.
Form 8858.................... Information Return of U.S. Persons with
Respect to Foreign Disregarded Entities.
Schedule M (Form 8858)....... Transactions Between controlled Foreign
Disregarded Entity and Filer or Other
Related Entities.
Form 8859.................... District of Columbia First-Time Homebuyer
Credit.
Form 8862.................... Information to Claim Earned Income Credit
After Disallowance.
Form 8862(SP)................ Information to Claim Earned Income Credit
After Disallowance (Spanish Version).
Form 8863.................... Education Credits.
Form 8864.................... Biodiesel and Renewable Diesel Fuels
Credit.
Form 8865.................... Return of U.S. Persons with Respect to
Certain Foreign Partnerships.
Schedule K-1 (Form 8865)..... Partner's Share of Income Deductions,
Credits, etc.
Schedule O (Form 8865)....... Transfer of Property to a Foreign
Partnership.
Schedule P (Form 8865)....... Acquisitions, Dispositions, and Changes
of Interests in a Foreign Partnership.
Form 8866.................... Interest Corporation Under the Look-Back
Method for Property Depreciated Under
the Income Forecast Method.
Form 8873.................... Extraterritorial Income Exclusion.
Form 8874.................... New Markets Credit.
Form 8878.................... IRS e-file Signature Authorization for
Form 4686 or Form 2350.
Form 8878 SP................. Autorizacion de firma para presentar por
medio del IRS e-file para el Formulario
4868 (SP) o el Formulario 2350 (SP).
Form 8879.................... IRS e-file Signature Authorization.
Form 8879 SP................. Autorizacion de firm para presentar la
Declaracion por medio del IRS e-file.
Form 8880.................... Credit for Qualified Retirement Savings
Contributions.
Form 8881.................... Credit for Small Employer Pensions Plan
Startup Costs.
Form 8882.................... Credit for Employer-Provided Childcare
Facilities and Services.
Form 8885.................... Health Coverage Tax Credit.
Form 8886.................... Reportable Transaction Disclosure
Statement.
Form 8888.................... Direct Deposit of Refund to More than One
Account.
Form 8889.................... Health Savings Accounts (HSAs).
Form 8891.................... Beneficiaries of Certain Canadian
Registered Retirement Plans.
Form 8896.................... Low Sulfur Diesel Fuel Production Credit.
Form 8898.................... Statement for Individuals Who Begin or
End Bona Fide Residence in a U.S.
Possession.
Form 8900.................... Qualified Railroad Track Maintenance
Credit.
Form 8903.................... Domestic Production Activities Deduction.
Form 8906.................... Distills Spirits Credit.
Form 8908.................... Energy Efficient Home Credit.
Form 8910.................... Alternative Motor Vehicle Credit.
Form 8911.................... Alternative Fuel Vehicle Refueling
Property Credit.
Form 8912.................... Credit to Holders of Tax Credit Bonds.
Form 8915-A.................. Qualified 2016 Disaster Retirement Plan
Distributions and Repayments.
Form 8915-B.................. Qualified 2017 Disaster Retirement Plan
Distributions and Repayments.
Form 8915-C.................. Qualified 2018 Disaster Retirement Plan
Distributions and Repayments.
Form 8915-D.................. Qualified 2019 Disaster Retirement Plan
Distributions and Repayments.
Form 8917.................... Tuition and Fees Deduction.
Form 8919.................... Uncollected Social Security and Medicare
Tax on Wages.
Form 8925.................... Report of Employer-Owned Life Insurance
Contracts.
Form 8932.................... Credit for Employer Differential Wage
Payments.
Form 8933.................... Carbon Dioxide Sequestration Credit.
Form 8936.................... Qualified Plug-In Electric Drive Motor
Vehicle Credit.
Form 8941.................... Credit for Small Employer Health
Insurance Premiums.
Form 8949.................... Sales and other Dispositions of Capital
Assets.
Form 8958.................... Allocation of Tax Amounts Between Certain
Individuals in Community Property
States.
Form 8962.................... Premium Tax Credit.
Form 8965.................... Health Coverage Exemptions.
8993......................... Section 250 Deduction for Foreign-Derived
Intangible Income (FDII) and Global
Intangible Low-Taxed Income (GILTI).
Form 8994.................... Employer Credit for Paid Family and
Medical Leave.
Form 9000.................... Alternative Media Preference.
Form 9465.................... Installment Agreement Request.
Form 9465 SP................. Solicitud para un Plan de Pagos a Plazos.
Form T (Timber).............. Forest Activities Schedules.
Form W-4..................... Employee's Withholding Allowance
Certificate.
FormW--4 P................... Withholding Certificate for Pension or
Annuity Payments.
Form W-4 S................... Request for Federal Income Tax
Withholding from Sick Pay.
Form W-4 V................... Voluntary Withholding Request.
Form W-4 (SP)................ Certificado de Exencion de la Retencion
del Empleado.
Form W-7..................... Application for IRS Individual Taxpayer
Identification Number.
Form W-7 A................... Application for Taxpayer Identification
Number for Pending U.S. Adoptions.
Form W-7 (SP)................ Solicitud de Numero de Indenticacion
Personal del Contribuyente del Servico
de Impuestos Internos.
Form W-7 (COA)............... Certificate of Accuracy for IRS
Individual Taxpayer Identification
Number.
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[FR Doc. 2021-00316 Filed 1-8-21; 8:45 am]
BILLING CODE 4830-01-P