Burden Computation Sheet

2023-1098-Burden-2023-03-08 15-20-40.pdf

Reporting Requirements for Recipients of Points Paid on Residential Mortgages

Burden Computation Sheet

OMB: 1545-1380

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Burden Computation - Special Business Forms
March 08, 2023

Product: 1098
Description: Mortgage Interest Statement
Variables
Responses

OMB Number: 1545-1380

2020

Changes (+ -)

79,394,400

Line Items
Percent Paid Preparor

2023

+16,708,000

96,102,400

16

16

0.85

0.85

Computation of Changes
Old Computation (Prog. Change)

96,102,400

×

0.25

=

24,025,600

New Computation

96,102,400

×

0.25

=

24,025,600

Balance

=

Old Computation (Adjustment)

79,394,400

×

0.25

=

19,848,600

New Computation

96,102,400

×

0.25

=

24,025,600

=

4,177,000

Balance

Summary
Old Burden

19,848,600

Program Change
Adjustment

4,177,000

New Burden

0.25

Paperwork Reduction Act Notice
Time Per Response
0.25
Average Hours Per Response
Record Keeping

0.0

Learning

0.0

Preparing

0.25

Sending
Notes: Updated filing estimates thru 2026- 2021 Pub 6961.

0.0

0 hrs. , 15 min.


File Typeapplication/pdf
File Modified2023-03-08
File Created2023-03-08

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