OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Reconciliation of Schedule M-3 Taxable Income with Tax Return Taxable Income for Mixed Groups

ICR 200611-1545-038 · OMB 1545-2062 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Form 8916 Reconciliation of Schedule M-3 Taxable Income with Tax Return Taxable Income for Mixed Groups Form and Instruction New Available
Just_Emerg.doc Justification for No Material/Nonsubstantive Change Uploaded 2006-11-29 Repair queued
ombat2.doc Supplementary Document Uploaded 2006-11-29 Available
brdn_busi.pdf Supplementary Document Uploaded 2006-11-29 Available
Supporting statement-8916.doc Supporting Statement A Uploaded 2006-11-29 Available
IC Document Collections
IC IDCollectionTypeStatusForm
46218 Reconciliation of Schedule M-3 Taxable Income with Tax Return Taxable Income for Mixed Groups Form and Instruction New
ICR Details
1545-2062 200611-1545-038
Historical Active
TREAS/IRS
Reconciliation of Schedule M-3 Taxable Income with Tax Return Taxable Income for Mixed Groups
New collection (Request for a new OMB Control Number)   No
Emergency 01/29/2007
Approved without change 01/26/2007
Retrieve Notice of Action (NOA) 01/26/2007
  Inventory as of this Action Requested Previously Approved
07/31/2007 6 Months From Approved
500 0 0
3,385 0 0
0 0 0
The Form 8916 reconciles taxable income per the Schedule M-3 for the Forms 1120, 1120-L, or 1120-PC with the taxable income on mixed groups filing Form 1120, 1120-L, or 1120-PC. This is necessary because certain special adjustments are required to match taxable income of mixed groups as reported on the Schedule M-3 with taxable income they report on Forms 1120, 1120-L, or 1120-PC.
The Form 8916 is a required attachment to the 1120, 1120-L, and 1120-PC Schedule M-3s for certain filers referred to as “mixed groups.” If the Form 8916 is not available it cannot be attached to the Schedule M-3 submitted by these taxpayers, and these taxpayers will be unable to file an accurate and complete Schedule M-3 as required under Internal Revenue Code section 6011 (P.L. 105-206, Title II, Section 2001 through 2005). Also, if the Form 8916 is not available for filing by taxpayers, the Internal Revenue Service will be unable to accomplish the stated mission of the Schedule M-3 initiative supported by LMSB and the U.S. Department of the Treasury, which is obtaining greater transparency of taxpayer books and records.
None
None
Not associated with rulemaking
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 500 0 0 500 0 0
Annual Time Burden (Hours) 3,385 0 0 3,385 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Changing Regulations
No
This is a new form. Form 8916 reconciles taxable income per the Schedule M-3 for the Forms 1120, 1120-L, or 1120-PC with the taxable income on mixed groups filing Form 1120, 1120-L, or 1120-PC.
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Clarence Light 202 622-3096
  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.
01/26/2007