Section 1.441-2(b)(1) requires certain
taxpayers to file statements on their federal income tax returns to
notify the Commissioner of the taxpayers' election to adopt a 52-53
week taxable year. Section 1.442-1(b)(4) provides that certain
taxpayers must establish books and records that clearly reflect
income for the short period involved when changing their taxable
year to a fiscal taxable year. Section 1.442-1(d) requires a newly
married husband or wife to file a statement with their short period
return when changing to the other spouse's taxable year.
US Code:
26
USC 442 Name of Law: Change of annual accounting period
US Code: 26
USC 6103 Name of Law: Confidentiality and disclosure of returns
and return information
US Code: 26
USC 441 Name of Law: Period for computation of taxable
income
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.