Privacy Act and Paperwork Reduction Act Notice.
We ask for the information on these forms in order to carry out the Internal Revenue laws of the United States. We need it
to figure and collect
the right amount of tax. Miscellaneous excise taxes are imposed under Subtitle D of the Internal Revenue Code. These forms
are used to determine the
amount of tax that you owe. Section 6011 requires you to provide the requested information. Section 6109 requires you to provide
your taxpayer
identification number (TIN). Routine uses of this information include giving it to the Department of Justice for civil and
criminal litigation, and
cities, states, and the District of Columbia for use in administering their tax laws. We may also disclose this information
to Federal and state
agencies to enforce Federal nontax criminal laws and to combat terrorism. If you fail to provide this information in a timely
manner, you may be
liable for penalties and interest.
You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless
the form displays a valid
OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may
become material in the
administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by
section 6103.
The time needed to complete and file these forms and related schedules will vary depending on individual circumstances. The
estimated average times
are:
|
|
|
Learning about |
Preparing and |
Form |
|
Recordkeeping |
the law or |
sending the |
|
|
|
the form |
form to the IRS |
720 |
|
24 hr., 51 min. |
2 hr., 17 min. |
|
6 hr., 23 min. |
720-V |
|
1hr., 11 min. |
— — |
|
1 min. |
Sch. A |
|
1 hr., 54 min. |
— — |
|
1 min. |
Sch. C |
|
23 hr., 55 min. |
30 min. |
|
54 min. |
720X |
|
6 hr., 13 min. |
18 min. |
|
24 min. |
6197 |
|
4 hr., 18 min. |
12 min. |
|
16 min. |
6627 |
|
5 hr., 1 min. |
6 min. |
|
10 min. |
If you have comments concerning the accuracy of these time estimates or suggestions for making these forms and related schedules
simpler, we would
be happy to hear from you. You can write to the Tax Forms Committee, Western Area Distribution Center, Rancho Cordova, CA
95743-0001. Do not
send the tax forms to this office. Instead, see Where To File on page 1.