Instructions for Form 3115 - Notices
This is archived information that pertains only to the 2006 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.
Privacy Act and Paperwork Reduction Act Notice.
We ask for the information on this form to carry out the Internal Revenue laws of the United States. Section 446(e) says that
you must obtain IRS
approval before you change your method of accounting, except where otherwise provided. To obtain this approval, you are required
to provide the
information requested on this form. This information will be used to ensure that you are complying with the applicable laws,
and to figure and collect
the right amount of tax. Failure to provide all of the information requested may prevent processing of this form. Providing
false information may
subject you to penalties. Routine uses of this information include giving it to the Department of Justice for civil and criminal
litigation, and to
cities, states, and the District of Columbia for use in the administration of their tax laws. We may also disclose this information
including giving
it to Federal and state agencies to enforce Federal non-tax criminal laws and to combat terrorism.
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 this form will vary depending on individual circumstances. The estimated average times
are:
|
Form |
Recordkeeping |
Learning about the law
or the form |
Preparing and sending the form to the IRS |
|
|
3115 |
38 hr., 29 min. |
19 hr., 54 min. |
23 hr., 48 min. |
|
|
Sch. A |
3 hr., 21 min. |
1 hr., 51 min. |
3 hr., 11 min. |
|
|
Sch. B |
1 hr., 25 min. |
30 min. |
33 min. |
|
|
Sch. C |
5 hr., 1 min. |
45 min. |
2 hr., 4 min. |
|
|
Sch. D |
27 hr., 30 min. |
1 hr., 59 min. |
2 hr., 31 min. |
|
|
Sch. E |
3 hr., 49 min. |
1 hr., 59 min. |
2 hr., 8 min. |
|
If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we would
be happy to hear from
you. You can write to the Tax Products Coordinating Committee, Western Area Distribution Center, Rancho Cordova, CA 95743-0001.
Do not send
the tax form to this office. Instead, see When and Where To File on page 1.