Notice2023-27645
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 15, 2023
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 88 Issue 240 (Friday, December 15, 2023)</title>
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[Federal Register Volume 88, Number 240 (Friday, December 15, 2023)]
[Notices]
[Pages 87057-87058]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-27645]
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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, U.S. Department of the Treasury.
ACTION: Notice of Information Collection; request for comment.
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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 16, 2024 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.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Melody Braswell by emailing <a href="/cdn-cgi/l/email-protection#fdadafbcbd898f989c8e888f84d39a928b"><span class="__cf_email__" data-cfemail="c797958687b3b5a2a6b4b2b5bee9a0a8b1">[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 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 also been changes in regulatory
guidance related to various forms approved under this approval package
during the past year. There have been additions and removals of forms
included in this approval package. In filing season 2024, the Internal
Revenue Service (IRS) will launch a pilot program for a free direct e-
file tax return system (Direct File). This limited-scale pilot will
allow the IRS to evaluate the costs, benefits, and operational
challenges associated with providing such an optional service to
taxpayers.
This approval package is being submitted for renewal purposes only.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals or Households, Farms.
Estimated Number of Respondents: 171,800,000.
Estimated Time per Respondent (Hours): 13.
Estimated Total Annual Time (Hours): 2,249,000,000.
Estimated Total Annual Monetized Time ($): 46,342,000,000.
[[Page 87058]]
Estimated Total Out-of-Pockets Costs ($): 45,365,000,000.
Estimated Total Monetized Burden ($): 91,707,000,000.
Note: Total Monetized Burden = Total Out-of-Pocket Costs + Total
Annual Monetized Time.
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 (%) Record completion (dollars) burden
Total time keeping Tax planning and All other (dollars)
submission
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All Taxpayers................................................... 100% 13 6 2 4 1 $270 $540
Type of Taxpayer
Nonbusiness **.................................................. 72% 9 3 1 3 1 150 310
Business ***.................................................... 28 24 12 4 6 2 560 1,120
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Note: Detail may not add to total due to rounding. Dollars rounded to the nearest $10.
*A ``business'' filer files one or more of the following with Form 1040: Schedule C, C-EZ, E, F, Form 2106, or 2106-EZ. A ``nonbusiness'' filer does not file any of these schedules or forms
with Form 1040.
Source: RAAS:KDA (11-2-2023)
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............................................ 7.8 80 $146
20 to 40........................................... 10.9 128 242
40 to 60........................................... 11.6 165 327
60 to 80........................................... 13.1 232 480
80 to 100.......................................... 22.7 726 1,497
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Wage and Investment Filers
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Total Income Quintiles:
0 to 20............................................ 6.9 71 129
20 to 40........................................... 9.3 112 212
40 to 60........................................... 9.0 139 277
60 to 80........................................... 9.1 185 384
80 to 100.......................................... 10.8 322 737
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Self Employed Filers
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Total Income Quintiles
0 to 20............................................ 11.9 125 225
20 to 40........................................... 18.5 204 379
40 to 60........................................... 21.0 258 507
60 to 80........................................... 22.0 338 697
80 to 100.......................................... 33.1 1,077 2,155
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Source: RAAS:KDA (12-1-2023)
(Authority: 44 U.S.C. 3501 et seq.)
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-27645 Filed 12-14-23; 8:45 am]
BILLING CODE 4830-01-P
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