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: 201202-1545-005
Status: Historical Active	Previous ICR Reference No: 201103-1545-018
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: 03/26/2013
Retrieve Notice of Action (NOA)	Date Received in OIRA: 04/25/2012
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, 2014. 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. Additionally, prior to the 2013 tax year submission, IRS will submit 2012 tax year forms through a non-substantive change request.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2014	36 Months From Approved	03/31/2013
Responses	150,700,000	0	146,700,000
Time Burden (Hours)	2,647,000,000	0	2,701,000,000
Cost Burden (Dollars)	33,672,000,000	0	35,193,000,000

Authorizing Statute(s): US Code: 26 USC 61 Name of Law: Gross Income Defined
   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 6038B Name of Law: Notice of Certain Transfers to Foreign Persons
   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 1201 Name of Law: Alternative Tax for Corporations
   US Code: 26 USC 1202 Name of Law: Partial Exclusion for Gain from Certain Small Business Stock
   US Code: 26 USC 1211 Name of Law: Limitation on Capital Losses
   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 1212 Name of Law: Capital Loss Carrybacks and Carryovers
   US Code: 26 USC 1221 Name of Law: Capital Asset Defined
   US Code: 26 USC 1222 Name of Law: Other Terms Relating to Capital Gains and Losses
   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 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 367(a) Name of Law: Transfers of Property from the United States
   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

Citations for New Statutory Requirements: PL: Pub.L. 111 - 5 7000 Name of Law: American Recovery and Reinvestment Act of 2009
PL: Pub.L. 110 - 343 302 Name of Law: Emergency Economic Stabilization Act of 2008

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	150,700,000	146,700,000	0	0	4,000,000
Annual Time Burden (Hours)	2,647,000,000	2,701,000,000	-37,000,000	0	-17,000,000
Annual Cost Burden (Dollars)	33,672,000,000	35,193,000,000	-380,000,000	-46,000,000	-1,095,000,000

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: The change in estimated aggregate compliance burden can be explained by three major sources - technical adjustments, statutory changes, and discretionary agency (IRS) actions. Technical Adjustments - Technical adjustments are due to incorporation of new taxpayer data, updated return totals, and refinements to the estimation methodology. The two biggest adjustments are the addition of four million individual taxpayers between FY2011 and FY2012 and the decrease in average burden per taxpayer attributable to updating the underlying taxpayer data file. The updated taxpayer historical micro data used in these estimates reflects decreased economic activity and correspondingly less complicated taxpayer returns. This is the major determinate of the lower average time and money burden estimated for Fiscal Year 2012. As a result, taxpayer burden is estimated to have declined by 17 million hours and $1.095 billion from the technical changes in the underlying taxpayer population. Statutory Changes - The primary drivers for the statutory changes are credits provided in the American Recovery and Reinvestment Act (ARRA) of 2009 and implementation of new reporting requirements in the Emergency Economic Stabilization Act of 2008. These costs and the new or changes to existing provisions listed below are more than offset by the impact of the expiring ARRA provisions. New or Changed Provisions Capital Gains and Losses : In most cases, transactions for capital gains and losses must now be entered on the new Form 8949. The subtotal of the sales price, basis, and adjustment amounts from Form 8949 are then carried to the Schedule D. Up to six separate Forms 8949 could be required depending on the holding period of the assets, whether or not basis related to the transaction was reported by the broker, and whether a reporting document was received for the transaction. These changes were made to coincide with the new Form 1099-B basis reporting. Number of filers affected: 21,000,000. Alternative Minimum Tax : The AMT exemption amount was increased to $48,450 ($74,450 if married filing jointly or a qualified widow; $37,225 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. Expired Provisions The Making Work Pay Credit expired. Number of filers who claimed this provision in 2010: 100,000,000. IRS Discretionary Changes - IRS discretionary changes include expanded e-file availability, an increase in the agency's oversight of the return preparer industry, and a change to the procedure for repayment of the first-time homebuyer credit. Repayment of the first-time homebuyer credit may now be made without attaching Form 5405. Number of filers affected: 550,000. These initiatives have a net effect of a slight decrease in time that is not shown due to rounding as well as a net decrease in out-of-pocket costs of $46 million. Total- Taken together, the changes discussed above reduced total reported burden by 54 million hours and $1.521 billion.