Justia Regulation Tracker

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[Federal Register: November 6, 2008 (Volume 73, Number 216)]
[Notices]               
[Page 66102-66103]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr06no08-93]                         

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

 
Proposed Collection; Comment Request for Form 13925

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, as part of its continuing 
effort to reduce paperwork and respondent burden, invites the general 
public and other Federal agencies to take this opportunity to comment 
on proposed and/or continuing information collections, as required by 
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Form 13925, Notice of Election of and Agreement To Special Lien Under 
Internal Revenue Code section 6324A and Regulations.

DATES: Written comments should be received on or before January 5, 2009 
to be assured of consideration.

ADDRESSES: Direct all written comments to Joe Durbala, Internal Revenue 
Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Allan 
Hopkins, at (202) 622-6665, or at Internal Revenue Service, room 6129, 
1111 Constitution Avenue NW., Washington, DC 20224, or through the 
internet, at Allan.M.Hopkins@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: Notice of Election of and Agreement To Special Lien Under 
Internal Revenue Code section 6324A and Regulations.
    OMB Number: 1545-2109.
    Form Number: Form 13925.
    Abstract: Under IRC section 6166, an estate may elect to pay the 
estate tax in installments over 14 years if certain conditions are met. 
If the IRS determines that the government's interest in collecting 
estate tax is sufficiently at risk, it may require the estate provide a 
bond. Alternatively, the executor may elect to provide a lien in lieu 
of bond. Under section 6324A(c) and the regulations thereunder (OMB 
1545-0757), to make this election the executor must submit a lien 
agreement to the IRS. Form 13925 is a form lien agreement that 
executors may use for this purpose.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 500.
    Estimated Time Per Respondent: 1 hr.
    Estimated Total Annual Burden Hours: 500.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless the collection of 
information displays a valid OMB control number. Books or records 
relating to a collection of information must be retained as long as 
their contents may become material in the administration of any 
internal revenue law. Generally, tax returns and tax return information 
are confidential, as required by 26 U.S.C. 6103.
    Request for Comments: 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.
    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;

[[Page 66103]]

and (e) estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Approved: October 31, 2008.
R. Joseph Durbala,
IRS Reports Clearance Officer.
 [FR Doc. E8-26422 Filed 11-5-08; 8:45 am]

BILLING CODE 4830-01-P

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