Notice2022-27468
Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. Income Tax Return for Individual Taxpayers
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
December 19, 2022
Issuing agencies
Treasury Department
Abstract
The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. Currently, the IRS is soliciting comments concerning the burden associated with the U.S. Income Tax Return Forms for Individual Taxpayers.
Full Text
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<title>Federal Register, Volume 87 Issue 242 (Monday, December 19, 2022)</title>
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[Federal Register Volume 87, Number 242 (Monday, December 19, 2022)]
[Notices]
[Pages 77675-77676]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-27468]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; U.S. Income Tax Return for Individual
Taxpayers
AGENCY: Departmental Offices, Department of the Treasury.
ACTION: Notice.
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SUMMARY: The Internal Revenue Service, as part of its continuing effort
to reduce paperwork and respondent burden, invites the public and other
Federal agencies to take this opportunity to comment on proposed and/or
continuing information collections, as required by the Paperwork
Reduction Act of 1995. Currently, the IRS is soliciting comments
concerning the burden associated with the U.S. Income Tax Return Forms
for Individual Taxpayers.
DATES: Comments should be received on or before January 18, 2023 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
Copies of the submissions may be obtained from Melody Braswell by
emailing <a href="/cdn-cgi/l/email-protection#c191938081b5b3a4a0b2b4b3b8efa6aeb7"><span class="__cf_email__" data-cfemail="a9f9fbe8e9dddbccc8dadcdbd087cec6df">[email protected]</span></a>, calling (202) 622-1035, or viewing the
entire information collection request at <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: U.S. Income Tax Return for Individual Taxpayers.
OMB Control Number: 1545-0074.
Form Number: Form 1040 and affiliated return forms.
Abstract: IRC sections 6011 & 6012 of the Internal Revenue Code
require individuals to prepare and file income tax returns annually.
These forms and related schedules are used by individuals to report
their income subject to tax and compute their correct tax liability.
This information collection request (ICR) covers the actual reporting
burden associated with preparing and submitting the prescribed return
forms, by individuals required to file Form 1040 and any of its'
affiliated forms as explained in the attached table.
Current Actions: There have been changes in regulatory guidance
related to various forms approved under this approval package during
the past year. Additionally, there have been additions and removals of
some forms included in this approval package. The number of estimated
filers for FY22 has been increased based on data on the number of Tax
Year 2021 Form 1040 filings and IRS models have been updated to account
for macroeconomic inputs such as inflation. Overall, updated tax return
data adjustments result in a slightly lower average time burden per
response and a slightly higher out-of-pocket cost per response.
Affected Public: Individuals or households.
Estimated Number of Respondents: 172,600,000.
Total Estimated Time: 2.211 billion hours (2,211,000,000 hours).
Estimated Time per Respondent: 12.81 hours.
[[Page 77676]]
Total Estimated Monetized Time: $42.460 billion ($42,460,000,000).
Estimated Monetized Time per Respondent: $246.
Total Estimated Out-of-Pocket Costs: $42.972 billion
($42,972,000,000).
Estimated Out-of-Pocket Cost per Respondent: $249.
Total Monetized Burden Costs: $85.432 billion ($85,432,000,000).
Estimated Total Monetized Burden per Respondent: $495.
Estimated Average Taxpayer Burden for Individuals Filing a 1040 By Activity
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Primary form filed or type of taxpayer Time burden Money burden
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Average time burden (hours) *
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Percentage of Form Average cost monetized
returns Total time Record Tax planning completion and All other (dollars) burden
keeping submission (dollars)
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All Taxpayers................................................... 100 13 6 2 4 1 $250 $500
Type of Taxpayer:
Nonbusiness **.............................................. 72 8 3 1 3 1 140 280
Business ***................................................ 28 25 12 5 6 2 530 1,060
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Note: This table does not include 1040NR, 1040NR-EZ, and 1040X filers.
* Detail may not add to total due to rounding. Hours are rounded to nearest hour. Dollars rounded to the nearest $10.
** A ``nonbusiness'' filer does not file any of these schedules or forms with Form 1040.
*** A ``business'' filer files one or more of the following with Form 1040: Schedule C, C-EZ, E, F, Form 2106, or 2106-EZ.
Source: RAAS:KDA (11-21-2022).
Taxpayer Burden Statistics by Total Positive Income Quintile
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Average time Average out-of- Average total
(hours) pocket costs monetized burden
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All Filers
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Total positive income quintiles
0 to 20............................................ 7.3 $76 $136
20 to 40........................................... 10.9 126 233
40 to 60........................................... 11.6 162 313
60 to 80........................................... 13.1 226 457
80 to 100.......................................... 21.6 664 1,351
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Wage and Investment Filers
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Total Income Decile:
0 to 20............................................ 6.2 65 115
20 to 40........................................... 8.9 109 200
40 to 60........................................... 8.6 133 256
60 to 80........................................... 8.5 173 348
80 to 100.......................................... 9.8 298 651
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Self Employed Filers
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Total Income Decile:
0 to 20............................................ 13.4 132 243
20 to 40........................................... 20.3 204 388
40 to 60........................................... 22.4 261 513
60 to 80........................................... 23.0 341 694
80 to 100.......................................... 31.7 978 1,952
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Source: RAAS:KDA (11-21-2022).
Authority: 44 U.S.C. 3501 et seq.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2022-27468 Filed 12-16-22; 8:45 am]
BILLING CODE 4810-25-P
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