Instructions For Form T (Timber) (Rev. December 2013) - Forest Activities Schedule Page 4

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Part V. Land Ownership
is subject to the Paperwork Reduction
their individual income tax return. The
Act unless the form displays a valid
estimated burden for all other
Complete this part to show all
OMB control number. Books or
taxpayers who file this form is shown
changes in your land account,
records relating to a form or its
below.
including sales or exchanges, during
instructions must be retained as long
the tax year. Attach as many
as their contents may become
additional sheets as needed, following
Recordkeeping
34 hr., 12 min.
. . . . . . . .
material in the administration of any
the format of lines 1 through 6.
Learning about the law or
Internal Revenue law. Generally, tax
the form
42 min.
. . . . . . . . . . . . .
returns and return information are
Paperwork Reduction Act Notice.
Preparing and sending
confidential, as required by section
We ask for the information on this
the form to the IRS
1 hr., 17 min.
. . . . .
6103.
form to carry out the Internal Revenue
If you have comments concerning
laws of the United States. You are
The time needed to complete and
the accuracy of these time estimates
required to give us the information.
file this form will vary depending on
or suggestions for making this form
We need it to ensure that you are
individual circumstances. The
simpler, we would be happy to hear
complying with these laws and to
estimated burden for individual
from you. See the instructions for the
allow us to figure and collect the right
taxpayers filing this form is approved
tax return with which this form is filed.
amount of tax.
under OMB control number
You are not required to provide the
1545-0074 and is included in the
information requested on a form that
estimates shown in the instructions for
­4­

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