View Information Collection Request (ICR) Package
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Blank fields in records indicate information that was not collected or not collected electronically prior to July 2006.
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:
1545-0007
ICR Reference No:
198905-1545-018
Status:
Historical Inactive
Previous ICR Reference No:
198610-1545-017
Agency/Subagency:
TREAS/IRS
Agency Tracking No:
Title:
FOREST INDUSTRIES SCHEDULES
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Disapproved and continue
Conclusion Date:
08/10/1989
Retrieve Notice of Action (NOA)
Date Received in OIRA:
05/17/1989
Terms of Clearance:
Disapproved and continued. The proposed collection is not the least burdensome necessary for the proper performance of the agency's functions as required by part 1320.4 (b) of the OMB regulations implementing the Paperwork Reduction Act. The clarity of the current form can be increased significantly for 1989 and subsequent tax years for all filers who may use it and filing for owners of small woodlots can be simplified through reorganization of the current form or throug development of a separate form. Specific items identified for clarification on the revised form include: 1) 12 and 27, whether one item can be eliminated, 2) 16, the interpretation of other considerations, 3) 19, an instruction that only (d) should be filled for "sales of timber only," 4) 13, should be deleted for small sales, and 5) 19, clarification should be provided to indicate that information for adjusted cost is for sales within the tax year. In addition, the Department has agreed to delete item 50 (a) describin the log transportation system and suggesting the inclusion of maps. OMB action on this review reflects the need for updating this collection requirement in response to changes in the structure of the lumber industry. The Department should request by an Inventory Correction Worksheet an extension of the expiration date to provide adequate time for preparation of a revised submission.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
10/31/1989
10/31/1989
10/31/1989
Responses
37,000
0
37,000
Time Burden (Hours)
211,000
0
211,000
Cost Burden (Dollars)
0
0
0
Abstract:
FORM T IS USED BY ANY TAXPAYER WHO IS CLAIMING A DEDUCTION FOR THE DEPLETION OF TIMBER. THE FORM SHOWS THE BASIS FOR THE TIMBER (COST PL ANY IMPROVEMENTS) AND AMOUNT OF DEPLETION TAKEN FOR TIMBER CUT. THE I USES FORM T TO DETERMINE IF THE DEPLETION DEDUCTION IS CORRECTLY COMPUTED.
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
FOREST INDUSTRIES SCHEDULES
FORM T
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
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:
05/17/1989
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