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: 1545-0074	ICR Reference No: 201103-1545-018
Status: Historical Active	Previous ICR Reference No: 201001-1545-028
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: U.S. Individual 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 with change	Conclusion Date: 11/08/2011
Retrieve Notice of Action (NOA)	Date Received in OIRA: 04/25/2011
Terms of Clearance: Agency modified supporting statement to better account for burden reduction changes. Per its pre-existing agreement with IRS, OMB's approval of the U.S. Individual Income Tax Return and associated forms is extended until April 30, 2012. IRS shall submit its next request for an extension of OMB approval before the expiration date, and continue to do so on an annual basis.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2012	36 Months From Approved	11/30/2011
Responses	146,700,000	0	143,400,000
Time Burden (Hours)	2,701,000,000	0	2,431,000,000
Cost Burden (Dollars)	35,193,000,000	0	31,543,000,000

Authorizing Statute(s): US Code: 26 USC 6039G Name of Law: Information on Individuals Losing United States Citizenship
   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 1222 Name of Law: Other Terms Relating to Capital Gains and Losses
   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 1221 Name of Law: Capital Asset Defined
   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 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 367(e)(2) Name of Law: Liquidation under Section 332
   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 163 Name of Law: Interest
   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
   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 6038B Name of Law: Notice of Certain Transfers to Foreign Persons
   US Code: 26 USC 1202 Name of Law: Partial Exclusion for Gain from Certain Small Business Stock
   US Code: 26 USC 6046A Name of Law: Returns as to Interest In Foreign Partnerships
   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
   PL: Pub.L. 109 - 432 101 Name of Law: Tax Relief and Health Care Act of 2006
   US Code: 26 USC 631(a) Name of Law: Election to Consider Cutting as a Sale or Exchange
   US Code: 26 USC 631(b) Name of Law: Disposal of Timber
   US Code: 26 USC 6402 Name of Law: Authority to Make Credits or Refunds
   US Code: 26 USC 6404 Name of Law: Abatements
   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 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 61 Name of Law: Gross Income Defined
   US Code: 26 USC 1201 Name of Law: Alternative Tax for Corporations
   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
   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 367(a) Name of Law: Transfers of Property from the United States

Citations for New Statutory Requirements: PL: Pub.L. 110 - 343 702(d), 202 Name of Law: Emergency Economic Stabilization Act of 2008
PL: Pub.L. 111 - 5 1008, 1001, 2202 Name of Law: American Recovery and Reinvestment Act

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate
Annual Number of Responses	146,700,000	143,400,000	0	0	3,300,000
Annual Time Burden (Hours)	2,701,000,000	2,431,000,000	-25,000,000	3,000,000	292,000,000
Annual Cost Burden (Dollars)	35,193,000,000	31,543,000,000	-370,000,000	34,000,000	3,986,000,000

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: No

Burden Reduction Due to:

Short Statement: The changes in aggregated compliance burden estimates can be explained by three major sources of change - technical adjustments, statutory changes, and discretionary agency (IRS) actions. Technical Adjustments - The largest adjustments are from new taxpayer data, updated forecasting targets, and an updated estimation methodology. Statutory Changes - The primary drivers for the statutory changes are credits and/or deductions provided in the American Recovery and Reinvestment Act (ARRA) of 2009 and The Worker, Homeownership and Business Assistance Act of 2009. Primary Examples Include: New or Changed Provisions Limits on Personal Exemptions: In tax year 2010, the phaseout of the personal exemption amount does not apply. The estimated number of filers who benefited from no personal exemption phaseout: 2,500,000. Limits on Itemized Deductions: In tax year 2010, the phaseout of itemized deductions does not apply. The estimated number of filers who benefited from no phaseout of itemized deductions: 5,500,000. Adoption Credit: The credit is now refundable. The estimated number of filers who benefited from a refundable adoption credit, but would not have benefited from the credit had it remained nonrefundable: 25,000. Alternative Minimum Tax: The AMT exemption amount was increased to $47,450 ($72,450 if married filing jointly or a qualified widow; $26,225 if married filing separately). Had this legislation not been enacted, at least 20 million additional taxpayers would have been required to file Form 6251, Alternative Minimum Tax. First-Time Homebuyer Credit: As of April 30, 2010, the first-time homebuyer credit is generally no longer available for most taxpayers. The number of first-time homebuyer credit filers: 625,000. Repayment of First-Time Homebuyer Credit: Individuals who claimed the first-time homebuyer credit for a home purchased in 2008 must begin repaying the credit on their 2010 return. In addition, individuals who claimed the 2008 or 2009 credit must repay the credit if they sold their home in 2010 or the residence was no longer their main home in 2010. The number of filers repaying the first-time homebuyer credit: 550,000. Personal Casualty and Theft Loss Limit Reduction: Each personal casualty or theft loss was limited to the excess of the loss over $100 (instead of the $500 limit that applied for 2009). The estimated number of additional filers claiming a casualty or theft loss: 50,000. Expired Provisions The standard deduction for real estate taxes or a net disaster loss. The number of filers who claimed this provision in 2009: 19,000,000. Itemized deduction or increased standard deduction for state or local sales or excise taxes on the purchase of a new motor vehicle. The number of filers who claimed this provision in 2009: 4,000,000. The exclusion from income of up to $2,400 in unemployment compensation. The number of filers who claimed this provision in 2009: 16,000,000. The government retiree credit. The number of people who received this payment in 2009: 55,000,000. IRS Discretionary Changes - The IRS discretionary changes include expanded e-file availability, introduction of new registration fees for certain preparers, elimination of tax package mailings, and the delayed start date of electronic filings. These initiatives have a net effect of increasing both time and money burden for taxpayers. NOTE: Statutory changes do not affect the taxpayer's responsibility to file a return. These changes are captured in the elimination or modification of a line entry on the tax form. Therefore, while there are burden changes due to statute, there are no changes to respondents due to statute. Total- Taken together, these changes have increased the total reported burden by 270,000,000 hours.