Alternative Minimum Tax-Corporations

ICR 200909-1545-031

OMB: 1545-0175

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supplementary Document
2009-09-08
Supporting Statement A
2009-09-18
Supplementary Document
2006-08-08
IC Document Collections
IC ID
Document
Title
Status
17064 Modified
ICR Details
1545-0175 200909-1545-031
Historical Active 200608-1545-019
TREAS/IRS EM-0175-031
Alternative Minimum Tax-Corporations
Revision of a currently approved collection   No
Regular
Approved without change 12/06/2009
Retrieve Notice of Action (NOA) 09/29/2009
  Inventory as of this Action Requested Previously Approved
12/31/2012 36 Months From Approved 12/31/2009
60,000 0 60,000
2,611,200 0 2,596,800
0 0 0

Form 4626 is used by corporations to calculate their alternative minimum tax.

US Code: 26 USC 773 Name of Law: Computations at partnership level
   US Code: 26 USC 55 Name of Law: Alternative minimum tax imposed
  
PL: Pub.L. 110 - 246 55(b)(4) Name of Law: Food, Conservation, and Energy Act of 2008

Not associated with rulemaking

  74 FR 32032 07/06/2009
74 FR 49438 09/28/2009
No

1
IC Title Form No. Form Name
Alternative Minimum Tax-Corporations 4626 Alternative Minimum Tax-Corporations

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 60,000 60,000 0 0 0 0
Annual Time Burden (Hours) 2,611,200 2,596,800 14,400 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Form 4626 is used by corporations to calculate their alternative minimum tax. New lines were added to account for the proper reporting of the alternative tax for corporations with qualified. We labeled lines 1 through 14 as Part I, and added Part II to implement the addition of the alternative tax for corporations with qualified timber gains (section 55(b)(4) and P.L. 110-246). The addition reporting requirement will result in a total burden increase of 14,400 hours.

$916
No
No
Uncollected
Uncollected
No
Uncollected
D. Regier 202 622-3695

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
09/29/2009


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