Proposed Collection; Comment Request for Form 1041 and Related Schedules D, I, J, K-1, and Form 1041-V, 70742 [2016-24663]

Download as PDF 70742 Federal Register / Vol. 81, No. 198 / Thursday, October 13, 2016 / Notices DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 1041 and Related Schedules D, I, J, K–1, and Form 1041–V 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 1041 and related Schedules D, I, J, K– 1 and Form 1041–V, U.S. Income Tax Return for Estates and Trusts. DATES: Written comments should be received on or before December 12, 2016 to be assured of consideration. ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal Revenue Service, Room 6526, 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 Kerry Dennis at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at Kerry.Dennis@irs.gov. SUPPLEMENTARY INFORMATION: Title: U.S. Income Tax Return for Estates and Trusts (Form 1041), Capital Gains and Losses (Schedule D), Alternative Minimum Tax—Estates and Trusts (Schedule I), Accumulation Distribution for Certain Complex Trusts (Schedule J), Beneficiary’s Share of Income, Deductions, Credits, etc. (Schedule K–1), and Payment Voucher (Form 1041–V). OMB Number: 1545–0092. Form Number: 1041 and related Schedules D, I, J, K–1, and 1041–V. Abstract: IRC section 6012 requires that an annual income tax return be filed for estates and trusts. The data is used by the IRS to determine that the estates, trusts, and beneficiaries filed the proper returns and paid the correct tax. Current Actions: There are no changes being made to the form at this time. Lhorne on DSK30JT082PROD with NOTICES SUMMARY: VerDate Sep<11>2014 14:07 Oct 12, 2016 Jkt 241001 Type of Review: Extension of a currently approved collection. Affected Public: Business or other forprofit organizations and individuals. Estimated Number of Respondents: 11,513,150. Estimated Time per Response: 32 hours, 38 minutes. Estimated Total Annual Burden Hours: 375,796,476. 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: September 30, 2016. Tuawana Pinkston, IRS Reports Clearance Officer. [FR Doc. 2016–24663 Filed 10–12–16; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Advisory Committee to the Internal Revenue Service; Meeting Internal Revenue Service (IRS), Treasury. ACTION: Notice of meeting. AGENCY: PO 00000 Frm 00079 Fmt 4703 Sfmt 9990 The Information Reporting Program Advisory Committee (IRPAC) will hold a public meeting on Wednesday, October 26, 2016. SUMMARY: Mr. Michael Deneroff, National Public Liaison, CL:NPL:SRM, Rm. 7559, 1111 Constitution Avenue NW., Washington, DC 20224. Phone: 202–317–6851 (not a toll-free number). Email address: PublicLiaison@irs.gov. FOR FURTHER INFORMATION CONTACT: Notice is hereby given pursuant to section 10(a)(2) of the Federal Advisory Committee Act, 5 U.S.C. App. (1988), that a public meeting of the IRPAC will be held on Wednesday, October 26, 2016 from 9:00 a.m. to 12:00 p.m. at The Melrose Georgetown Hotel, 2430 Pennsylvania Ave NW., Washington, DC, 20037. Report recommendations on issues that may be discussed include: Foreign Account Tax Compliance Act; Complex Debt Reporting Requirements; IRC § 6050W and Form 1099–K Reporting; 2016 Form 8949 Instructions; IRS Publication 1179 Substitute 1099–B Specifications; Form 1098 Mortgage Interest Reporting; 529 Accounts; Hard to Value Assets; IRC § 6050S and Form 1098–T Reporting; Information Reporting for IRA Assets Escheated to State Governments and 60-Day Rollover Relief; Reporting by Insurance Companies and Applicable Large Employers under IRC § 6055 and § 6056; Theft of Business Taxpayer’s Identity; Reactivation on the on-line Electronic Account Resolution Tool; Electronic Furnishing of Forms W–2 and 1095–C; Improving Frequently Asked Questions; Form W–9, 972CG Penalty Abatement Process. Last minute agenda changes may preclude advance notice. Due to limited seating and security requirements, please call or email Michael Deneroff to confirm your attendance. Mr. Deneroff can be reached at 202–317–6851 or PublicLiaison@ irs.gov. Should you wish the IRPAC to consider a written statement, please call 202–317–6851, or write to: Internal Revenue Service, Office of National Public Liaison, CL:NPL:SRM, Room 7559, 1111 Constitution Avenue NW., Washington, DC 20224 or email: PublicLiaison@irs.gov. SUPPLEMENTARY INFORMATION: Dated: September 6, 2016. John Lipold, Designated Federal Official Branch Chief, National Public Liaison. [FR Doc. 2016–24673 Filed 10–12–16; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\13OCN1.SGM 13OCN1

Agencies

[Federal Register Volume 81, Number 198 (Thursday, October 13, 2016)]
[Notices]
[Page 70742]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-24663]



[[Page 70742]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 1041 and Related 
Schedules D, I, J, K-1, and Form 1041-V

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 1041 and related Schedules D, I, J, K-1 and Form 1041-V, U.S. 
Income Tax Return for Estates and Trusts.

DATES: Written comments should be received on or before December 12, 
2016 to be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal 
Revenue Service, Room 6526, 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 Kerry Dennis 
at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the internet at Kerry.Dennis@irs.gov.

SUPPLEMENTARY INFORMATION:
    Title: U.S. Income Tax Return for Estates and Trusts (Form 1041), 
Capital Gains and Losses (Schedule D), Alternative Minimum Tax--Estates 
and Trusts (Schedule I), Accumulation Distribution for Certain Complex 
Trusts (Schedule J), Beneficiary's Share of Income, Deductions, 
Credits, etc. (Schedule K-1), and Payment Voucher (Form 1041-V).
    OMB Number: 1545-0092.
    Form Number: 1041 and related Schedules D, I, J, K-1, and 1041-V.
    Abstract: IRC section 6012 requires that an annual income tax 
return be filed for estates and trusts. The data is used by the IRS to 
determine that the estates, trusts, and beneficiaries filed the proper 
returns 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: Business or other for-profit organizations and 
individuals.
    Estimated Number of Respondents: 11,513,150.
    Estimated Time per Response: 32 hours, 38 minutes.
    Estimated Total Annual Burden Hours: 375,796,476.
    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: September 30, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-24663 Filed 10-12-16; 8:45 am]
BILLING CODE 4830-01-P