View Information Collection Request (ICR) Package

OMB Control No: 1545-0177	ICR Reference No: 201808-1545-016
Status: Historical Active	Previous ICR Reference No: 201305-1545-012
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Form 4684 - Casualties and Thefts
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/19/2018
	Date Received in OIRA: 10/26/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2021	36 Months From Approved	12/31/2018
Responses	213,867	0	320,000
Time Burden (Hours)	1,293,895	0	1,830,400
Cost Burden (Dollars)	0	0	0

Abstract: Form 4684 is used by taxpayers to compute their gain or loss from casualties or thefts, and to summarize such gains and losses. The data is used to verify that the correct gain or loss has been computed.

Authorizing Statute(s): US Code: 26 USC 1231 Name of Law: Property used in the trade or business and involuntary conversions
   US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return information
   US Code: 26 USC 165 Name of Law: Losses
   PL: Pub.L. 115 - 97 11044(a) Name of Law: Tax Cuts and Jobs Act of 2017
   PL: Pub.L. 115 - 97 11045(a) Name of Law: Tax Cuts and Jobs Act of 2017

Citations for New Statutory Requirements: PL: Pub.L. 115 - 97 11044(a) Name of Law: Modification Of Deduction For Personal Casualty Losses

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:
	83 FR 23339	05/18/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 52614	10/17/2018
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
Form 4684 - Casualties and Thefts	4684, 4684	,

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Adjustment in Estimate
Annual Number of Responses	213,867	320,000	0	-106,133
Annual Time Burden (Hours)	1,293,895	1,830,400	70,576	-607,081
Annual Cost Burden (Dollars)	0	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: The Department has updated the burden associated with the ICR to reflect its most recent data on Form 4684 filings. We estimate 106,333 fewer filings which will decrease our estimated responses from 320,000 to 213,867. A decrease of 607,081 burden hours is due to this adjustment in agency estimate. In Section A, the Agency added a check box for the Taxpayer to indicate if the loss is from a federally declared disaster and an entry line to write the FEMA disaster declaration number. Individual casualty and theft losses will only be allowed for losses derived from federally declared disaster for tax years 2018-2025 per Public Law 115-97 sec. 11044(a). In Section B, Part II, the Agency deleted "employee property" references from lines 32 and 38b as well as column (b)(ii) since those losses can no longer be claimed for tax years 2018-2025 per Public Law 115-97 sec. 11045(a). The limitation of casualty and theft losses to losses derived from federally declared disaster areas and changes to the instructions will increase the estimated burden hours due to this program change by 70,576.11 from 1,223,320 to 1,293,896. There is a net decrease in burden of 536,504.89 hours; 1,293,896 burden hours are requested.

Annual Cost to Federal Government: $55,652

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Victor Aledo 202 317-5977

View ICR - OIRA Conclusion