Justification Statement

Justification Statement

(Form 1041, Schedule D, Schedule J, and Schedule K-1)

November 2007

Major changes to the 2007 Form 1041, Instructions, and Schedules, resulted in the following:

Form 1041 = Addition of 8 line items, 3 attachments and 17 code references

Qualified Mortgage Ins Prem Wksht (New) = Addition of 150 responses and                 8 line items

Sch D/D-1 (Form 1041) = Addition of 2 line items and 1 attachment,                deletion of 1 code reference

Exemption Wksht = 1 line item added

Sch K-1 (Form 1041) = Deletion of 9 line items and 6 code references

***These revisions caused an increase in burden hours to 446,272,566.