Proposed Collection; Comment Request for Form 3520-A, 64378 [2012-25706]
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64378
Federal Register / Vol. 77, No. 203 / Friday, October 19, 2012 / Notices
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 3520–A
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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
3520–A, Annual Information Return of
Foreign Trust With a U.S. Owner.
DATES: Written comments should be
received on or before December 18, 2012
to be assured of consideration.
ADDRESSES: Direct all written comments
to Yvette Lawrence, 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:
Annual Information Return of Foreign
Trust With A U.S. owner.
OMB Number: 1545–0160.
Form Number: 3520–A.
Abstract: Internal Revenue Code
section 6048(b) requires that foreign
trusts with at least on U.S. beneficiary
must file an annual information return.
Form 3520–A is used to report the
income and deductions of the foreign
trust and provide statements to the U.S.
owners and beneficiaries. IRS uses Form
3520–A to determine if the U.S. owner
of the trust has included the net income
of the trust in its gross income.
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 and business or other forprofit organizations.
Estimated Number of Respondents:
500.
Estimated Time per Respondent: 43
hrs., 24 min.
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SUMMARY:
VerDate Mar<15>2010
16:06 Oct 18, 2012
Jkt 229001
Estimated Total Annual Burden
Hours: 21,700.
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; and (e) estimates of capital
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: October 15, 2012.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2012–25706 Filed 10–18–12; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 1041–QFT
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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,
SUMMARY:
PO 00000
Frm 00070
Fmt 4703
Sfmt 4703
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Form
1041–QT, U.S. Income Tax Return for
Qualified Funeral Trusts.
DATES: Written comments should be
received on or before December 18, 2012
to be assured of consideration.
ADDRESSES: Direct all written comments
to Yvette Lawrence, 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: U.S. Income Tax Return for
Qualified Funeral Trusts.
OMB Number: 1545–1593.
Form Number: 1041–QFT.
Abstract: Internal Revenue Code
section 685 allows the trustee of a
qualified funeral trust to elect to report
and pay the tax for the trust. Form
1041–QFT is used for this purpose. The
IRS uses the information on the form to
determine that the trustee filed the
proper return and paid the correct tax.
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: Businesses or other
for-profit organizations.
Estimated Number of Respondents:
15,000.
Estimated Time per Respondent: 18
hr., 1 min.
Estimated Total Annual Burden
Hours: 270,150.
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
E:\FR\FM\19OCN1.SGM
19OCN1
]]>Agencies
[Federal Register Volume 77, Number 203 (Friday, October 19, 2012)]
[Notices]
[Page 64378]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2012-25706]
[[Page 64378]]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 3520-A
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
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 3520-A, Annual Information Return of Foreign Trust With a U.S.
Owner.
DATES: Written comments should be received on or before December 18,
2012 to be assured of consideration.
ADDRESSES: Direct all written comments to Yvette Lawrence, 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: Annual Information Return of Foreign
Trust With A U.S. owner.
OMB Number: 1545-0160.
Form Number: 3520-A.
Abstract: Internal Revenue Code section 6048(b) requires that
foreign trusts with at least on U.S. beneficiary must file an annual
information return. Form 3520-A is used to report the income and
deductions of the foreign trust and provide statements to the U.S.
owners and beneficiaries. IRS uses Form 3520-A to determine if the U.S.
owner of the trust has included the net income of the trust in its
gross income.
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 and business or other
for-profit organizations.
Estimated Number of Respondents: 500.
Estimated Time per Respondent: 43 hrs., 24 min.
Estimated Total Annual Burden Hours: 21,700.
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; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: October 15, 2012.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2012-25706 Filed 10-18-12; 8:45 am]
BILLING CODE 4830-01-P
