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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
1545-0099
ICR Reference No:
200808-1545-027
Status:
Historical Active
Previous ICR Reference No:
200706-1545-041
Agency/Subagency:
TREAS/IRS
Agency Tracking No:
Title:
U.S. Return of Partnership Income (Form 1065); and related Schedules
Type of Information Collection:
No material or nonsubstantive change to a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
12/10/2008
Retrieve Notice of Action (NOA)
Date Received in OIRA:
10/09/2008
Terms of Clearance:
Next time this form is up for revision or renewal, IRS should more thoroughly explain any major changes in burden.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
02/28/2011
02/28/2011
02/28/2011
Responses
21,944,692
0
21,894,692
Time Burden (Hours)
721,761,123
0
803,424,312
Cost Burden (Dollars)
1,687,287
0
0
Abstract:
IRC section 6031 requires partnerships to file returns that show gross income items, allowable deductions, partners' names, addresses, and distribution shares, and other information. This information is used to verify correct reporting of partnership items and for general statistics.
Authorizing Statute(s):
US Code:
26 USC 6031
Name of Law: Return of partnership income
US Code:
26 USC 6698
Name of Law: Failure to file partnership return
US Code:
26 USC 6103
Name of Law: Confidentiality and disclosure of returns and return information
US Code:
26 USC 6011
Name of Law: General requirement of return, statement, or list
Citations for New Statutory Requirements:
PL: Pub.L. 110 - 245 111(a) Name of Law: HEROES EARNINGS ASSISTANCE AND RELIEF TAX ACT OF 2008
US Code: 26 USC 45P Name of Law: EMPLOYER WAGE CREDIT FOR EMPLOYEES WHO ARE ACTIVE DUTY MEMBERS OF THE UNIFORMED SERVICES
PL: Pub.L. 110 - 141 2, 8(b) Name of Law: EXCLUSION FROM INCOME FOR PAYMENTS FROM THE HOKIE SPIRIT MEMORIAL FUND.
US Code: 26 USC 45A(f) Name of Law: Indian employment credit: (f)Termination
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
72 FR 21073
04/27/2007
30-day Notice:
Federal Register Citation:
Citation Date:
72 FR 40365
07/24/2007
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
9
IC Title
Form No.
Form Name
Schedule C - Additional Information for Schedule M-3 Filers
Schedule C (Form 1065)
Additional Information for Schedule M-3 Filers
Schedule D - Capital Gains and Losses
Schedule D (Form 1065)
Capital Gains and Losses
Schedule K-1 - Partner's Share of Income, Credits, Deductions, etc.
Schedule K-1
Partner's Share of Income, Credits, Deductions, etc.
Schedule L - Balance Sheets per Books
Schedule L
Balance Sheets per Books
Schedule M-1 - Reconciliation of Income (Loss) per Books With Income (Loss) per Return
Schedule M-1
Reconciliation of Income (Loss) per Books With Income (Loss) per Return
Schedule M-2 - Analysis of Partners Capital Accounts
Schedule M-2
Analysis of Partners� Capital Accounts
Schedule M-3 - Net Income (Loss) Reconciliation for Certain Partnerships
Schedule M-3
Net Income (Loss) Reconciliation for Certain Partnerships
U.S. Return of Partnership Income (Form 1065)
Form 1065
U.S. Return of Partnership Income
Worksheet for Figuring Net Income
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
21,944,692
21,894,692
50,000
0
0
0
Annual Time Burden (Hours)
721,761,123
803,424,312
30,401,909
-9,204,178
-102,860,920
0
Annual Cost Burden (Dollars)
1,687,287
0
0
0
1,687,287
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Changing Regulations
Burden decreases because of Program Change due to Agency Discretion:
Yes
Burden Reduction Due to:
Changing Regulations
Short Statement:
Changes were made to Form 1065 and the related schedules to adhere to changes in the law. There were also changes made to the forms to simplify the understanding and/or processing of the data collected. Finally, changes were made to this ICR submission package to more accurately reflect the appropriate burden with each of the various forms and schedules.
Annual Cost to Federal Government:
$1,687,287
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
Agency Contact:
D. Buchanan 202 622-3085
Common Form ICR:
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:
(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:
10/09/2008
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