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.