Information Collection

Application To Use LIFO Inventory Method

IC 39399 under ICR 202307-1545-001 · OMB 1545-0042.

Documents and Forms

Document Name Document Type
Form Form 970 Application To Use LIFO Inventory Method Form and Instruction
Form 970 Application to Use LIFO Inventory Method f970--2020-11-00.pdf Form and Instruction
Form 970 Application to Use LIFO Inventory Method f970--2020-11-00.pdf Form and Instruction

Information Collection (IC) Details

View Information Collection (IC)

IC Title:	Application To Use LIFO Inventory Method	Agency IC Tracking Number:

Is this a Common Form? No		IC Status: Modified

Obligation to Respond: Mandatory

CFR Citation: 26 CFR 1.472-1 26 CFR 1.472-3 26 CFR 1.472-8

Information Collection Instruments:

Document Type	Form No.	Form Name	Instrument File	URL	Available Electronically?	Can Be Submitted Electronically?	Electronic Capability
Form and Instruction	Form 970	Application to Use LIFO Inventory Method	f970--2020-11-00.pdf		Yes	Yes	Fillable Fileable

Line of Business: General Government

Subfunction: Taxation Management

Privacy Act System of Records
Title: Treasury/IRS 22.062; Treasury/IRS 24.030; Treasury/IRS 24.046; Treasury/IRS 34.037	FR Citation: 80 FR 54063

Number of Respondents: 100	Number of Respondents for Small Entity: 0

Affected Public: Private Sector	Private Sector: Businesses or other for-profits, Not-for-profit institutions

Percentage of Respondents Reporting Electronically: 95 %

	Approved	Change Due to Adjustment in Agency Estimate	Previously Approved
Annual Number of Responses for this IC	100	-1,900	2,000
Annual IC Time Burden (Hours)	2,111	-40,109	42,220
Annual IC Cost Burden (Dollars)	0	0	0

Documents for IC

Title	Document	Date Uploaded
No associated records found

Blank fields in records indicate information that was not collected or not collected electronically prior to July 2006.