Document
Agency Information Collection Activities: Comment Request on Burden Related to Form 1120-ND, Return for Nuclear Decommissioning Funds and Certain Related Persons
In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in this notice.
SUPPLEMENTARY INFORMATION:
The IRS, in accordance with the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 3506(c)(2)(A)), provides the public and Federal agencies with an opportunity to comment on proposed, revised, and continuing collections of information. This helps the IRS assess its impact and minimize the burden of its information collection requirements. Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record and be viewable on relevant websites. For this reason, please do not include in your comments information of a confidential nature, such as sensitive personal information.
Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency's estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.
Title:
Return for Nuclear Decommissioning Funds and Certain Related Persons.
OMB Number:
1545-0954.
Form Number(s):
Form 1120-ND.
Abstract:
This form is used by nuclear decommissioning funds to report contributions received, income earned, administration expenses, and the tax on modified gross income. It is also sometimes used to report and pay the section 4951 taxes on self-dealing.
Current Actions:
There are no changes being made to the forms at this time.
Type of Review:
Extension of a currently approved collection.
Affected Public:
Business or other for-profit organizations.
Estimated Number of Respondents:
100.
Estimated Time per Respondent:
32 hrs., 35 min.
Estimated Total Annual Burden Hours:
3,259.
Dated: February 9, 2026.
Ronald J. Durbala,
Tax Analyst.