Taxpayers will use the new Form 8903 and related instructions to calculate the domestic production activities deduction.
US Code:
26 USC 199
Name of Law: Income attributable to domestic production activities
US Code:
26 USC 6103
Name of Law: Confidentiality and disclosure of returns and return information
Due to a previous computation error with the fraction of the form prepared, the burden hours were increased by 12,000, resulting in a total burden of 6,450,000.
$1,000
No
No
Uncollected
Uncollected
No
Uncollected
Emebeth Demrew 2029279565
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.