Return for Nuclear Decommissioning Funds and Certain Related Persons

ICR 201911-1545-004

OMB: 1545-0954

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supplementary Document
2020-03-31
Supplementary Document
2020-03-31
Supporting Statement A
2019-11-13
IC Document Collections
ICR Details
1545-0954 201911-1545-004
Active 201610-1545-034
TREAS/IRS
Return for Nuclear Decommissioning Funds and Certain Related Persons
Extension without change of a currently approved collection   No
Regular
Approved without change 05/11/2020
Retrieve Notice of Action (NOA) 03/31/2020
  Inventory as of this Action Requested Previously Approved
05/31/2023 36 Months From Approved 05/31/2020
100 0 100
3,259 0 3,259
0 0 0

A nuclear utility files Form 1120-ND to report the income and taxes of a fund set up by the public utility to provide cash for the dismantling of the nuclear power plant. The IRS uses Form 1120-ND to determine if the fund income taxes are correctly computed and if a person related to the fund or the nuclear utility must pay taxes on self-dealing.

US Code: 26 USC 4951 Name of Law: Taxes on self-dealing
  
None

Not associated with rulemaking

  84 FR 48215 09/12/2019
85 FR 17618 03/30/2020
No

  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 100 100 0 0 0 0
Annual Time Burden (Hours) 3,259 3,259 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$13,898
No
    No
    No
No
No
No
No
Angela Bratcher 202 317-5754

  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.
03/31/2020


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