View Information Collection Request (ICR) Package

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: 1545-1201	ICR Reference No: 201405-1545-007
Status: Historical Active	Previous ICR Reference No: 201101-1545-006
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Election to Expense Certain Depreciable Business Assets
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 09/17/2014
	Date Received in OIRA: 06/30/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2017	36 Months From Approved	09/30/2014
Responses	4,025,000	0	20,000
Time Burden (Hours)	3,015,000	0	15,000
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	4,025,000	20,000	4,005,000
Annual Time Burden (Hours)	3,015,000	15,000	3,000,000
Annual Cost Burden (Dollars)	0	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: There is no change to these existing regulations. However, we are updating the reported OMB burden estimates to be consistent with what was provided in the regulations. The increase of 3,000,000 annual hours is due to an adjustment.

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