Paperwork Reduction Act Notice.
We ask for the information on this form to carry out the Internal Revenue laws of the United States. You are required to give
us the information.
We need it to ensure that you are complying with these laws and to allow us to figure and collect the right amount of tax.
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 and related schedules 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 |
| 5471 |
82 hr., 45 min. |
15 hr., 50 min. |
|
23 hr., 53 min. |
|
| Sch. J (5471) |
3 hr., 49 min. |
1 hr., 29 min. |
|
1 hr., 37 min. |
|
| Sch. M (5471) |
26 hr., 33 min. |
6 min. |
|
32 min. |
|
| Sch. N (5471) |
8 hr., 22 min. |
2 hr., 28 min. |
|
2 hr., 43 min. |
|
| Sch. O (5471) |
10 hr., 45 min. |
24 min. |
|
35 min. |
|
If you have comments concerning the accuracy of these time estimates or suggestions for making this form and related schedules
simpler, we would be
happy to hear from you. See the instructions for the tax return with which this form is filed.
