View Information Collection Request (ICR) Package

OMB Control No: 1545-1027	ICR Reference No: 198911-1545-002
Status: Historical Active	Previous ICR Reference No: 198908-1545-030
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: U.S. PROPERTY AND CASUALTY INSURANCE COMPANY INCOME TAX RETURN
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: 11/09/1989
	Date Received in OIRA: 11/06/1989
Terms of Clearance: Approved with the understanding that the Department has obtained the agreement of the National Association of Insurance Commissioners (NAIC) to add a schedule to their 1989 data collection from U.S. property and casualty insurance companies. The NAIC collection will provide the Department with information necessary to determine whether it is appropriate to divide property and casualty companies into two groups for purposes of taxation under Section 842 of the Internal Revenue Code. You may omit printing the expiration date on this form. Also, you may continue to use previous versions of this form.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/1990	10/31/1990	12/31/1989
Responses	7,500	0	7,500
Time Burden (Hours)	1,779,375	0	1,779,375
Cost Burden (Dollars)	0	0	0

Abstract: PROPERTY AND CASUALTY INSURANCE COMPANIES ARE REQUIRED TO FILE AN ANNUAL RETURN OF INCOME AND PAY THE TAX DUE. THE DATA IS USED TO INSUR THAT COMPANIES HAVE CORRECTLY REPORTED INCOME AND PAID THE CORRECT TAX

Authorizing Statute(s): None

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:

Federal Register Notices & Comments
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
U.S. PROPERTY AND CASUALTY INSURANCE COMPANY INCOME TAX RETURN	FORM 1120-PC

ICR Summary of Burden

	Total Approved	Previously Approved
Annual Number of Responses	7,500	7,500
Annual Time Burden (Hours)	1,779,375	1,779,375
Annual Cost Burden (Dollars)	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: No

Burden Reduction Due to:

Short Statement:

Annual Cost to Federal Government: $0

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]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

View ICR - OIRA Conclusion