Proposed Collection; Comment Request for Trust and Estate Income Tax Returns and Related Forms, 73501-73507 [2024-20407]
Download as PDF
<![CDATA[
Federal Register / Vol. 89, No. 175 / Tuesday, September 10, 2024 / Notices
73501
UL Timura Frunze, D. 11, Str. 1, Floor 1, Pomeshch. I, Korn. 2, Moscow 119021, Russia;
Website www.dialog.info; alt. Website www.dialog-regions.ru; Secondary sanctions risk:
See Section 11 of Executive Order 14024.; Organization Established Date 21 Jul 2020;
Tax ID No. 9709063550 (Russia); Business Registration Number 1207700248030
(Russia) [RUSSIA-EO14024] (Linked To: AUTONOMOUS NON-PROFIT
ORGANIZATION DIALOG).
Dated: September 4, 2024.
Lisa M. Palluconi,
Acting Director, Office of Foreign Assets
Control, U.S. Department of the Treasury.
internet, at jason.m.schoonmaker@
irs.gov.
SUPPLEMENTARY INFORMATION:
[FR Doc. 2024–20280 Filed 9–9–24; 8:45 am]
Change in PRA Approval of Forms
Used by Trusts and Estates
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Trust and Estate Income
Tax Returns and Related Forms
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service,
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
(PRA). The IRS is soliciting comments
on Trust and Estate Income Tax Returns
and Related Forms.
DATES: Written comments should be
received on or before November 12,
2024 to be assured of consideration.
ADDRESSES: Direct all written comments
to Andres Garcia, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
by email pra.comments@irs.gov. Include
1545–0092 or Trust and Estate Income
Tax Returns and Related Forms in the
subject line.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Jason
Schoonmaker at (801) 620–2128,
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
khammond on DSKJM1Z7X2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
16:45 Sep 09, 2024
Jkt 262001
Under the PRA, OMB assigns a
control number to each ‘‘collection of
information’’ that it reviews and
approves for use by an agency. A single
information collection may consist of
one or more forms, recordkeeping
requirements, and/or third-party
disclosure requirements. Under the PRA
and OMB regulations, agencies have the
discretion to seek separate OMB
approvals for forms, recordkeeping
requirements, and third-party reporting
requirements or to combine any number
of forms, recordkeeping requirements,
and/or third-party disclosure
requirements (usually related in subject
matter) under one OMB Control
Number. Agency decisions on whether
to group individual requirements under
a single OMB Control Number or to
disaggregate them and request separate
OMB Control Numbers are based largely
on considerations of administrative
practicality.
The PRA also requires agencies to
estimate the burden for each collection
of information. Accordingly, each OMB
Control Number has an associated
burden estimate. The burden estimates
for each control number are displayed
in (1) the PRA notices that accompany
collections of information, (2) Federal
Register notices such as this one, and
(3) in OMB’s database of approved
information collections. If more than
one form, recordkeeping requirement,
and/or third-party disclosure
requirement is approved under a single
control number, then the burden
estimate for that control number reflects
the burden associated with all of the
approved forms, recordkeeping
requirements, and/or third-party
disclosure requirements.
PO 00000
Frm 00152
Fmt 4703
Sfmt 4703
As described below under the heading
‘‘Updated Burden Estimate
Methodology,’’ the IRS’s currently
accepted burden estimate methodology,
referred to as the IRS Taxpayer Burden
Model, is based on taxpayers’ tax
reporting experience taking into
account, among other things, the forms
and schedules used by those taxpayers
and the recordkeeping and other
activities needed to complete those
forms. The transition of the trust and
estate income tax reporting burden
represents the IRS’s continued effort to
improve the ability of IRS to measure
the burden imposed on various groups
of taxpayers by the federal tax system.
While the improved methodology
provides a more accurate and
comprehensive description of the trust
and estate income tax reporting burden,
it will not provide burden estimates on
a form-by-form basis, as has been done
under the previous methodology. When
the prior model, known as the legacy
Arthur D. Little (ADL) model was
developed in the mid-1980s, almost all
tax returns were prepared manually,
either by the taxpayer or a paid
provider. In this context, it was
determined that estimating burden on a
form-by-form, line-by-line basis was an
appropriate methodology. Trust and
estate income tax returns are
increasingly being prepared using
software or with preparer assistance. In
this current reporting environment, in
which many taxpayers’ activities are no
longer as directly associated with
particular forms, estimating burden on a
form-by-form basis is not an appropriate
method of estimating taxpayer burden.
The IRS Taxpayer Burden Model, which
takes into account broader and more
comprehensive taxpayer characteristics
and activities, provides a much more
accurate and useful estimate of taxpayer
burden.
Currently, there are 152 forms and 27
regulations used by trust and estates
pertaining to their income tax reporting
E:\FR\FM\10SEN1.SGM
10SEN1
EN10SE24.003</GPH>
Designated pursuant to section l(a)(vii) ofE.O. 14024 for being owned or controlled by,
or having acted or purported to act for or on behalf of, directly or indirectly,
AUTONOMOUS NON-PROFIT ORGANIZATION DIALOG, an entity whose property
and interests in property are blocked pursuant to E.O. 14024.
khammond on DSKJM1Z7X2PROD with NOTICES
73502
Federal Register / Vol. 89, No. 175 / Tuesday, September 10, 2024 / Notices
requirements. These include Forms
1041, 1041 A, 1041 ES, 1041 ES (OCR),
1041 N, 1041 QFT, 1041 SCH D, 1041
SCH I, 1041 SCH J, 1041 SCH K–1, 1041
T, 1041 V, 172, 461, 926, 965 A, 982,
1040 SCH C, 1040 SCH E, 1040 SCH F,
1040 SCH H, 1045, 1065 SCH D, 1065
SCH K–2, 1116, 1116 SCH B, 1116 SCH
C, 2210, 2210 F, 2439, 3115, 3468, 3800,
4136, 4255, 4562, 4684, 4797, 4952,
4970, 4972, 5227, 5329, 5471, 5471 SCH
E, 5471 SCH G1, 5471 SCH H, 5471 SCH
I1, 5471 SCH J, 5471 SCH M, 5471 SCH
O, 5471 SCH P, 5471 SCH Q, 5471 SCH
R, 5713, 5713 SCH B, 5713 SCH C, 5884,
5884 A, 6198, 6252, 6478, 6765, 6781,
7205, 7207, 7210, 7211, 7213, 7217,
7218, 8082, 8275, 8275 R, 8453 FE,
8582, 8582 CR, 8586, 8594, 8609 A,
8611, 8621, 8697, 8801, 8820, 8824,
8825, 8826, 8829, 8830, 8833, 8835,
8844, 8845, 8846, 8855, 8858, 8858 SCH
M, 8864, 8865, 8865 SCH G, 8865 SCH
H, 8865 SCH K–1, 8865 SCH K–2, 8865
SCH K–3, 8865 SCH O, 8865 SCH P,
8866, 8873, 8879 F, 8881, 8882, 8886,
8896, 8903, 8904, 8908, 8910, 8911,
8911 SCH A, 8912, 8918, 8932, 8933,
8933 SCH A, 8933 SCH B, 8933 SCH C,
8933 SCH D, 8933 SCH E, 8933 SCH F,
8936, 8938, 8941, 8949, 8960, 8978,
8978 SCH A, 8990, 8992, 8992 SCH A,
8994, 8995, 8995 A, 8995 A SCH A,
8995 A SCH B, 8995 A SCH C, 8995 A
SCH D, 8997, 8582–CR, 8609–A, T, and
their schedules (see the Appendix to
this notice). For most of these forms, IRS
has in the past obtained separate OMB
approvals under unique OMB Control
Numbers and separate burden estimates.
The IRS Taxpayer Burden Model
methodology estimates the aggregate
burden imposed on trusts and estates,
based upon their reporting-related
characteristics and activities. IRS
therefore will seek OMB approval of all
152 trust and estate income tax forms as
a single ‘‘collection of information.’’ The
aggregate burden of these tax forms will
be accounted for under OMB Control
Number 1545–0092, which is currently
assigned to Form 1041. OMB Control
Number 1545–0092 will be displayed on
all trust and estate income tax forms and
related information collections. As a
result of this change, burden estimates
for trust and estate income taxes will
now be displayed differently in PRA
Notices on tax forms and other
information collections, and in Federal
Register notices. This new way of
displaying burden is presented below
under the heading ‘‘Proposed PRA
Submission to OMB.’’
Updated Burden Estimate Methodology
The IRS Taxpayer Burden Model
methodology revises the estimates of the
levels of burden experienced by trusts
VerDate Sep<11>2014
16:45 Sep 09, 2024
Jkt 262001
and estates when complying with their
federal reporting requirements
pertaining to income taxes. It replaces
the legacy ADL model methodology
developed in the mid-1980s. Since that
time, improved technology and
modeling sophistication have enabled
the IRS to improve the burden
estimates. The IRS Taxpayer Burden
Model methodology provides taxpayers
and the IRS with a more comprehensive
understanding of the current levels of
taxpayer burden. It reflects major
changes over the past two decades in
the way taxpayers prepare and file their
returns. The IRS Taxpayer Burden
Model methodology also represents a
substantial step forward in the IRS’s
ability to assess likely impacts of
administrative and legislative changes
on trusts and estates.
The IRS Taxpayer Burden Model
methodology focuses on the
characteristics and activities of trusts
and estates rather than solely focusing
on the forms they file. Key determinants
of taxpayer burden in the model are the
type of trust or estate, the number of
beneficiaries, level of the trust or
estate’s income, and the complexity of
the trust or estate’s income generated
from assets and investments. Indicators
of tax law and administrative
complexity, as reflected in the tax forms
and instructions, are incorporated into
the model. Tax compliance burden does
not include a taxpayer’s tax liability,
economic inefficiencies caused by suboptimal choices related to tax
deductions or credits, or psychological
costs. The legacy ADL model
methodology primarily focused on the
number of line items of each tax form.
The changes between the old and new
burden estimates are due to the
improved ability of the IRS Taxpayer
Burden Model methodology to measure
burden and the expanded scope of what
is measured. These changes create a
one-time shift in the estimate of
imposed burden. It is important to note
that the difference between the legacy
ADL estimate and the IRS Taxpayer
Burden Model estimate do not reflect
any change in the actual burden
imposed by taxpayers.
Methodology
Burden is defined as the time and outof-pocket costs incurred by taxpayers to
comply with their federal tax reporting
responsibilities. As has been done for
individual taxpayer burden since 2005,
business entity burden since 2014, taxexempt organization burden since 2018,
and employer taxpayer burden since
2023, both the time expended and the
out-of-pocket costs for trusts and estates
are estimated. The IRS Taxpayer Burden
PO 00000
Frm 00153
Fmt 4703
Sfmt 4703
Model methodology relies on surveys
that gather data about time and out-ofpocket costs that trusts and estates
spend on pre-filing and filing activities.
The methodology establishes
econometric relationships between tax
return characteristics and reported
compliance costs. The methodology
controls for the substitution of time and
money by monetizing time and
reporting total compliance costs in
dollars. This methodology better reflects
taxpayer compliance burden, because in
a world of electronic tax preparation,
time and out-of-pocket costs are
governed by the information required
rather than the form on which it is
ultimately reported. Importantly, even
where various trusts and estates
complete the same tax form lines, the
new methodology differentiates the cost
incurred to complete those forms based
on characteristics of those trusts and
estates. Key characteristics that serve as
coefficients in the trust and estates
reporting burden model are:
• Type of trust or estate
• Level of income
• Complexity of income and deductions
• Number of beneficiaries
The IRS Taxpayer Burden Model
methodology is based on survey data
collected using the following
stratification for trusts and estates:
FORM 1041 STRATA
Fiduciary code
1 = Estate ....................................
2 = Simple Trust ..........................
3 = Complex Trust ......................
4
5
6
8
=
=
=
=
Nontaxable Grantor Trust .....
Bankruptcy Trust Ch. 7 .........
Bankruptcy Trust Ch. 11 .......
Qualified Dividend Trust .......
9 = Pooled Investment Funds .....
Income level
<$5
5–999
1,000–4,999
5,000–24,999
25,000–74,999
75,000–149,999
>=150,000
<5
5–999
1,000–4,999
5,000–24,999
25,000–74,999
75,000–149,999
>=150,000
<5
5–999
1,000–4,999
5,000–24,999
25,000–74,999
75,000–149,999
>=150,000
Any
Any
Any
<5
>=5
<5
>=5
Source: IRS:RAAS:KDA (08–23–2024).
Proposed PRA Submission to OMB
Title: Trust and Estate Income Tax
Returns and related Forms.
OMB Number: 1545–0092.
Form Numbers: 1041, 1041 A, 1041
ES, 1041 ES (OCR), 1041 N, 1041 QFT,
E:\FR\FM\10SEN1.SGM
10SEN1
Federal Register / Vol. 89, No. 175 / Tuesday, September 10, 2024 / Notices
1041 SCH D, 1041 SCH I, 1041 SCH J,
1041 SCH K–1, 1041 T, 1041 V, 172,
461, 926, 965 A, 982, 1040 SCH C, 1040
SCH E, 1040 SCH F, 1040 SCH H, 1045,
1065 SCH D, 1065 SCH K–2, 1116, 1116
SCH B, 1116 SCH C, 2210, 2210 F, 2439,
3115, 3468, 3800, 4136, 4255, 4562,
4684, 4797, 4952, 4970, 4972, 5227,
5329, 5471, 5471 SCH E, 5471 SCH G1,
5471 SCH H, 5471 SCH I1, 5471 SCH J,
5471 SCH M, 5471 SCH O, 5471 SCH P,
5471 SCH Q, 5471 SCH R, 5713, 5713
SCH B, 5713 SCH C, 5884, 5884 A,
6198, 6252, 6478, 6765, 6781, 7205,
7207, 7210, 7211, 7213, 7217, 7218,
8082, 8275, 8275 R, 8453 FE, 8582, 8582
CR, 8586, 8594, 8609 A, 8611, 8621,
8697, 8801, 8820, 8824, 8825, 8826,
8829, 8830, 8833, 8835, 8844, 8845,
8846, 8855, 8858, 8858 SCH M, 8864,
8865, 8865 SCH G, 8865 SCH H, 8865
SCH K–1, 8865 SCH K–2, 8865 SCH K–
3, 8865 SCH O, 8865 SCH P, 8866, 8873,
8879 F, 8881, 8882, 8886, 8896, 8903,
8904, 8908, 8910, 8911, 8911 SCH A,
8912, 8918, 8932, 8933, 8933 SCH A,
8933 SCH B, 8933 SCH C, 8933 SCH D,
8933 SCH E, 8933 SCH F, 8936, 8938,
8941, 8949, 8960, 8978, 8978 SCH A,
8990, 8992, 8992 SCH A, 8994, 8995,
8995 A, 8995 A SCH A, 8995 A SCH B,
8995 A SCH C, 8995 A SCH D, 8997,
8582–CR, 8609–A, T, and associated
schedules.
Abstract: These forms are used by
trusts and estates to comply with their
income tax reporting requirement. The
data is used to verify that the items
reported on the forms are correct.
Current Actions: The burden
estimation methodology for trust and
estate tax is being transitioned from the
legacy Arthur D. Little (ADL)
methodology to the IRS Taxpayer
Burden Model. The changes discussed
above result in a burden hour estimate
of 69,000,000 hours, a decrease in total
estimated time burden of 327,470,339
hours. The newly reported total out-ofpocket costs is $6,124,000,000 and total
monetized burden is $11,164,000,000.
The change related to the transition of
the burden estimate from the legacy adl
model methodology to the IRS Taxpayer
Burden Model, is a one-time change. In
73503
addition, changes are being made to the
forms to be current with enacted
legislation.
Type of Review: Revision of currently
approved collections.
Affected Public: Trusts and Estates.
Estimated Number of Respondents:
3,070,000.
Estimated Time per Respondent
(Hours): 22 hours, 29 minutes.
Estimated Total Annual Time (Hours):
69,000,000 hours.
Estimated Total Annual Monetized
Time ($): 5,040,000,000.
Estimated Annual Monetized Time
per Respondent ($): 1,642.
Estimated Total Out-of-Pocket Costs
($): 6,124,000,000.
Estimated Out-of-Pocket Cost per
Respondent ($): 1,995.
Estimated Total Monetized Burden
($): 11,164,000,000.
Estimated Monetized Burden per
Respondent ($): 3,637.
Note: Total Monetized Burden = Total Outof-Pocket Costs + Total Annual Monetized
Time.
FISCAL YEAR (FY) 2025 BURDEN TOTAL ESTIMATES FOR TRUST AND ESTATE INCOME TAX FORMS, SCHEDULES, AND
REGULATIONS
[FY25]
Program change
due to
adjustment
FY23 to 24
Number of Respondents ..............................................
Burden in Hours ...........................................................
Monetized time Burden ................................................
Out-of-Pocket Costs .....................................................
Total Monetized Burden *** ..........................................
* 19,120,534
396,470,339
$0
$0
$0
Program
change due
to new
legislation
(16,050,534)
(327,470,339)
$5,040,000,000
$6,124,000,000
$11,164,000,000
Program
change
due to
agency
0
0
$0
$0
$0
0
0
$0
$0
$0
FY 25
** 3,070,000
69,000,000
$5,040,000,000
$6,124,000,000
$11,164,000,000
Source: IRS:RAAS:KDA (07–08–2024).
* FY23 responses per year is a count of all forms and schedules filed under legacy ADL Model methodology.
** FY25 responses per year is a count of all taxpayers under the IRS Taxpayer Burden Model methodology. This approach is also used for
OMB 1545–0074 (individuals), 1545–0123 (business entities), 1545–0029 (employment tax), and 1545–0047 (tax–exempt organizations).
*** Total monetized burden = Total Out-of-Pocket Costs + Total Annual Monetized Time Note: Reported time and cost burdens are national
averages and do not necessarily reflect a ‘‘typical case.’’ Most taxpayers experience lower than average burden, with taxpayer burden varying
considerably by taxpayer type. Detail may not add due to rounding.
The following additional breakouts of
average burden are provided for
transparency in understanding the
average estimated burden experienced
by taxpayers. Table 1 shows the average
burden by filers of Form 1041. Table 2
shows the average burden by total
income. Table 3 shows the average
burden by the number of K–1s attached
to the Form 1041.
TABLE 1—FY2025 AVERAGE BURDEN PROJECTIONS BY ENTITY TYPE
Percent
of filed
Form 1041 **
khammond on DSKJM1Z7X2PROD with NOTICES
Entity type
Simple Trust ...................................................................................................
Complex Trust * .............................................................................................
Decedent Estate ............................................................................................
Grantor Trust .................................................................................................
Qualified Disability Trust ................................................................................
Pooled Income Fund .....................................................................................
Average time
(hrs.)
18
55
10
16
1
<1
19
22
46
12
19
27
Source: IRS:RAAS:KDA (07–08–2024).
* The category of Complex Trusts includes Chapter 7 and Chapter 11 Bankruptcy Estates.
** Percentages based on Tax Year 2022 filings.
VerDate Sep<11>2014
16:45 Sep 09, 2024
Jkt 262001
PO 00000
Frm 00154
Fmt 4703
Sfmt 4703
E:\FR\FM\10SEN1.SGM
10SEN1
Average
out-of-pocket
costs
$1,400
2,000
4,100
1,500
800
2,000
Average
monetized
burden
$2,900
3,800
7,100
1,900
1,900
2,900
73504
Federal Register / Vol. 89, No. 175 / Tuesday, September 10, 2024 / Notices
TABLE 2—FY2025 AVERAGE BURDEN PROJECTIONS BY TOTAL INCOME *
Average time
(hrs.)
Total Income
Average
out-of-pocket
costs
Average
monetized
burden
Table 2A—Simple Trusts
1.
2.
3.
4.
5.
<$1 .........................................................................................................................................
$1 to $5,000 ..........................................................................................................................
$5,001 to $10,000 .................................................................................................................
$10,001 to $50,000 ...............................................................................................................
>$50,000 ................................................................................................................................
19
19
18
17
25
$800
900
1,100
1,400
2,700
$1,700
1,800
2,300
2,900
5,600
Table 2B—Complex Trusts, Qualified Disability Trusts, Pooled Income Funds, Chapter 7 and 11 Bankruptcy Estates
1.
2.
3.
4.
5.
<$1 .........................................................................................................................................
$1 to $5,000 ..........................................................................................................................
$5,001 to $10,000 .................................................................................................................
$10,001 to $50,000 ...............................................................................................................
>$50,000 ................................................................................................................................
19
19
18
18
40
900
1,000
1,300
1,800
5,200
1,700
1,900
2,500
3,400
10,000
38
48
52
49
52
2,800
3,100
3,900
5,100
8,100
4,800
5,300
6,800
8,900
14,100
Table 2C—Decedent Estates
1.
2.
3.
4.
5.
<$1 .........................................................................................................................................
$1 to $5,000 ..........................................................................................................................
$5,001 to $10,000 .................................................................................................................
$10,001 to $50,000 ...............................................................................................................
>$50,000 ................................................................................................................................
Source: IRS:RAAS:KDA (07–08–2024).
* Grantor trusts are not reflected in this table because income from a grantor trust is generally reported on the grantor’s tax return.
TABLE 3—FY2025 AVERAGE BURDEN PROJECTIONS BY NUMBER OF K–1S ATTACHED *
Average time
(hrs.)
Number of K–1s
Average
out-of-pocket
costs
Average
monetized
burden
Table 3A—Simple Trusts
0 .................................................................................................................................................
1–5 .............................................................................................................................................
6–10 ...........................................................................................................................................
>10 .............................................................................................................................................
16
19
33
47
$900
1,400
2,600
5,000
$1,900
2,900
5,500
10,400
Table 3B—Complex Trusts, Qualified Disability Trusts, Pooled Income Funds, Ch. 7 and 11 Bankruptcy Estates
0 .................................................................................................................................................
1–5 .............................................................................................................................................
6–10 ...........................................................................................................................................
>10 .............................................................................................................................................
19
23
39
60
1,300
2,300
4,200
7,700
2,500
4,400
8,100
14,600
41
49
57
68
3,200
4,700
6,600
9,000
5,600
8,200
11,400
15,700
Table 3C—Decedent Estates
0 .................................................................................................................................................
1–5 .............................................................................................................................................
6–10 ...........................................................................................................................................
>10 .............................................................................................................................................
Source: IRS:RAAS:KDA (07–08–2024).
* Grantor trusts are not reflected in this table because they do not use Schedule K–1s. See Instructions to Form 1041, https://www.irs.gov/instructions/i1041.
khammond on DSKJM1Z7X2PROD with NOTICES
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
VerDate Sep<11>2014
16:45 Sep 09, 2024
Jkt 262001
information will 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
PO 00000
Frm 00155
Fmt 4703
Sfmt 4703
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: September 5, 2024.
Jason M. Schoonmaker,
Tax Analyst.
Appendix A
E:\FR\FM\10SEN1.SGM
10SEN1
khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 89, No. 175 / Tuesday, September 10, 2024 / Notices
Form
Title/description
1041 ....................
1041–A ...............
1041–ES .............
1041–ES (OCR)
1041–N ...............
1041–QFT ...........
1041–SCH D ......
1041 SCH I .........
1041 SCH J ........
1041 SCH K–1 ...
1041–T ................
1041–V ...............
5227 ....................
172 ......................
461 ......................
926 ......................
965–A .................
982 ......................
1040 SCH C .......
1040 SCH E .......
1040 SCH F ........
1040 SCH H .......
1045 ....................
1065 SCH D .......
1065 SCH K–2 ...
1116 ....................
1116 SCH B .......
1116 SCH C .......
2210 ....................
2210–F ................
2439 ....................
3115 ....................
3468 ....................
3800 ....................
4136 ....................
4255 ....................
4562 ....................
4684 ....................
4797 ....................
4952 ....................
4970 ....................
4972 ....................
5227 ....................
5329 ....................
5471 ....................
5471 SCH E .......
5471 SCH G1 .....
5471 SCH H .......
5471 SCH I1 .......
5471 SCH J ........
5471 SCH M .......
5471 SCH O .......
5471 SCH P .......
5471 SCH Q .......
5471 SCH R .......
5713 ....................
5713 SCH B .......
5713 SCH C .......
5884 ....................
5884–A ...............
6198 ....................
6252 ....................
6478 ....................
6765 ....................
6781 ....................
7205 ....................
7207 ....................
7210 ....................
7211 ....................
7213 ....................
7217 ....................
7218 ....................
8082 ....................
8275 ....................
U.S. Income Tax Return for Estates and Trusts ....................................................................................................
U.S. Information Return Trust Accumulation of Charitable Amounts ....................................................................
Estimated Tax for Estates and Trusts ....................................................................................................................
Estimated Tax Vouchers Package 1041ES (OCR) 2017 ......................................................................................
U.S. Income Tax Return for Electing Alaska Native Settlement ...........................................................................
U.S. Income Tax Return for Qualified Funeral Trusts ...........................................................................................
Capital Gains and Losses ......................................................................................................................................
Alternative Minimum Tax-Estates and Trusts ........................................................................................................
Accumulation Distribution for Certain Complex Trusts ..........................................................................................
Beneficiary’s Share of Income, Deductions, Credits, etc .......................................................................................
Allocation of Estimated Tax Payments to Beneficiaries (Under Code section 643(g)) .........................................
Payment Voucher ...................................................................................................................................................
Split-Interest Trust Information Return ...................................................................................................................
Net Operating Losses (NOLs) for Individuals, Estates, and Trusts .......................................................................
Limitation on Business Losses ...............................................................................................................................
Return by a U.S. Transferor of Property to a Foreign Corporation .......................................................................
Form 965–A, Individual Report of Net 965 Tax Liability ........................................................................................
Reduction of Tax Attributes Due to Discharge of Indebtedness (And Section 1082 Basis Adjustment) ..............
Profit or Loss from Business (Sole Proprietorship) ................................................................................................
Supplemental Income and Loss .............................................................................................................................
Profit or Loss from Farming ...................................................................................................................................
Household Employment Taxes ..............................................................................................................................
Application for Tentative Refund ............................................................................................................................
Capital Gains and Losses ......................................................................................................................................
Partners Distributive Share Items—International ...................................................................................................
Foreign Tax Credit .................................................................................................................................................
Foreign Tax Credit .................................................................................................................................................
Foreign Tax Credit .................................................................................................................................................
Underpayment of Estimated Tax by Individuals, Estates and Trusts ....................................................................
Underpayment of Estimated Tax by Farmers and Fisherman ...............................................................................
Notice to Shareholder of Undistributed Long-Term Capital Gains ........................................................................
Application for Change in Accounting Method .......................................................................................................
Investment Credit ...................................................................................................................................................
General Business Credit ........................................................................................................................................
Credit for Federal Tax Paid on Fuels .....................................................................................................................
Recapture of Investment Credit .............................................................................................................................
Depreciation and Amortization (Including Information on Listed Property) ...........................................................
Casualties and Thefts ............................................................................................................................................
Sales of Business Property ....................................................................................................................................
Investment Interest Expense Deduction ................................................................................................................
Tax on Accumulation Distribution of Trusts ...........................................................................................................
Tax on Lump-Sum Distributions .............................................................................................................................
Split-Interest Trust Information Return ...................................................................................................................
Additional Taxes on Qualified Plans (Including IRAs) and Other Tax-Favored Accounts ....................................
Information Return of U.S. Persons With Respect to Certain Foreign Corporations ............................................
Income, War Profits, and Excess Profits Taxes Paid or Accrued .........................................................................
Cost Sharing Arrangement .....................................................................................................................................
Current Earnings and Profits ..................................................................................................................................
Information for Global Intangible Low-Taxed Income ............................................................................................
Accumulated Earnings and Profits (E&P) of Controlled Foreign Corporation .......................................................
Transactions Between Controlled Foreign Corporation and Shareholders or Other Related Persons .................
Organization or Reorganization of Foreign Corporation and Acquisitions and Dispositions of its Stock .............
Previously Taxed Earnings and Profits of U.S. Shareholder of Certain Foreign Corporations .............................
CFC Income by CFC Income Groups ....................................................................................................................
Form 5471 Schedule R ..........................................................................................................................................
International Boycott Report ...................................................................................................................................
Specifically Attributable Taxes and Income (Section 999(c)(2)) ............................................................................
Tax Effect of The International Boycott Provisions ................................................................................................
Work Opportunity Credit .........................................................................................................................................
Employee Retention Credit for Employers Affected by Qualified Disasters ..........................................................
At-Risk Limitations ..................................................................................................................................................
Installment Sale Income .........................................................................................................................................
Biofuel Producer Credit ..........................................................................................................................................
Credit for Increasing Research Activities ...............................................................................................................
Gains and Losses from Section 1256 Contracts and Straddles ............................................................................
Energy Efficient Commercial Buildings Deduction .................................................................................................
Advanced Manufacturing Production Credit ..........................................................................................................
Clean Hydrogen Production Credit ........................................................................................................................
Clean Electricity Production Credit .........................................................................................................................
Nuclear Power Production Credit ...........................................................................................................................
Distributions From a Partnership of Property With Partner Basis Adjustments ....................................................
Clean Fuel Production Credit .................................................................................................................................
Notice of Inconsistent Treatment or Administrative Adjustment Request (AAR) ..................................................
Disclosure Statement .............................................................................................................................................
VerDate Sep<11>2014
16:45 Sep 09, 2024
Jkt 262001
PO 00000
Frm 00156
Fmt 4703
Sfmt 4703
73505
OMB No.
E:\FR\FM\10SEN1.SGM
10SEN1
1545–0092
1545–0094
1545–0971
1545–0971
1545–1776
1545–1593
1545–0092
1545–0092
1545–0092
1545–0092
1545–1020
1545–0092
1545–0196
1545–0074
1545–2283
1545–0026
1545–0074
1545–0046
1545–0074
1545–0074
1545–0074
1545–0074
1545–0098
1545–0123
1545–0123
1545–0121
1545–0121
1545–0121
1545–0140
1545–0140
1545–0123
1545–2070
1545–0074
1545–0895
1545–0162
1545–0166
1545–0172
1545–0177
1545–0184
1545–0191
1545–0192
1545–0193
1545–0196
1545–0123
1545–0123
1545–0123
1545–0123
1545–0123
1545–0123
1545–0123
1545–0123
1545–0123
1545–0123
1545–0123
1545–0123
1545–0216
1545–0216
1545–0216
1545–0219
1545–1978
1545–0712
1545–0228
1545–0231
1545–0619
1545–0644
1545–2004
1545–2306
1545–2321
New Form
1545–0123
New Form
New Form
1545–0074
1545–0889
73506
Form
Title/description
8275–R ...............
8453–FE .............
8582 ....................
8582–CR .............
8586 ....................
8594 ....................
8609–A ...............
8611 ....................
8621 ....................
8697 ....................
8801 ....................
8820 ....................
8824 ....................
8825 ....................
8826 ....................
8829 ....................
8830 ....................
8833 ....................
8835 ....................
8844 ....................
8845 ....................
8846 ....................
8855 ....................
8858 ....................
8858 SCH M .......
Regulation Disclosure Statement ...........................................................................................................................
U.S. Estate or Trust Income Tax Declaration and Signature for Electronic Filing ................................................
Passive Activity Loss Limitations ...........................................................................................................................
Passive Activity Credit Limitations .........................................................................................................................
Low-Income Housing Credit ...................................................................................................................................
Asset Acquisition Statement ..................................................................................................................................
Annual Statement for Low-Income Housing Credit ................................................................................................
Recapture of Low-Income Housing Credit .............................................................................................................
Return by a Shareholder of a Passive Foreign Investment Co. or Qualified Electing Fund .................................
Interest Computation Under the Look-Back Method for Completed Long-Term Contracts ..................................
Credit For Prior Year Minimum Tax—Individuals, Estates, and Trusts .................................................................
Orphan Drug Credit ................................................................................................................................................
Like-Kind Exchanges ..............................................................................................................................................
Rental Real Estate Income and Expenses of a Partnership or an S Corporation ................................................
Disabled Access Credit ..........................................................................................................................................
Expenses for Business Use of Your Home ...........................................................................................................
Enhanced Oil Recovery Credit ...............................................................................................................................
Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b) ...........................................................
Renewable Electricity Production Credit ................................................................................................................
Empowerment Zone Employment Credit ...............................................................................................................
Indian Employment Credit ......................................................................................................................................
Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips .................................
Election To Treat a Qualified Revocable Trust as Part of an Estate ....................................................................
Information Return of U.S. Persons With Respect to Disregarded Entities (FDEs) and Foreign Branches (FBs)
Transactions Between Foreign Disregarded Entity (FDE) or Foreign Branch (FB) and the Filer or Other Related Entities.
Biodiesel, Renewable Diesel, or Sustainable Aviation Fuels Credit ......................................................................
Return of U.S. Persons With Respect to Certain Foreign Partnerships ................................................................
Statement of Application for the Gain Deferral Method Under Section 721(c) .....................................................
Acceleration Events and Exceptions Reporting Relating to Gain Deferral Method Under Section 721(c) ...........
Partner’s Share of Income, Deductions, Credits, etc. (Schedule K–1 (Form 8865)) ............................................
Schedule K–2 (Form 8865), Partners’ Distributive Share Items—International ....................................................
Partner’s Share of Income, Deductions, Credits, etc.—International ....................................................................
Transfer of Property to a Foreign Partnership .......................................................................................................
Acquisitions, Dispositions, and Changes of Interests in a Foreign Partnership ....................................................
Interest Computation Under the Look-Back Method for Property Depreciated Under the Income Forecast
Method.
Extraterritorial Income Exclusion ............................................................................................................................
U.S. Estate or Trust Declaration for an IRS e-file Return .....................................................................................
Credit for Small Employer Pension Plan Startup Costs ........................................................................................
Credit for Employer-Provided Child Care Facilities and Services .........................................................................
Reportable Transaction Disclosure Statement .......................................................................................................
Low Sulfur Diesel Fuel Production Credit ..............................................................................................................
Domestic Production Activities Deduction ..............................................................................................................
Credit for Oil and Gas Production From Marginal Wells .......................................................................................
Energy Efficient Home Credit .................................................................................................................................
Alternative Motor Vehicle Credit .............................................................................................................................
Alternative Fuel Vehicle Refueling Property Credit ................................................................................................
Alternative Fuel Vehicle Refueling Property Credit Amount ..................................................................................
Credit to Holders of Tax Credit Bonds ...................................................................................................................
Material Advisor Disclosure Statement ..................................................................................................................
Credit for Employer Differential Wage Payments ..................................................................................................
Carbon Oxide Sequestration Credit .......................................................................................................................
Disposal or Enhanced Oil Recovery Owner Certification ......................................................................................
Disposal Operator Certification ..............................................................................................................................
Enhanced Oil Recovery Operator Certification ......................................................................................................
Recapture Certification ...........................................................................................................................................
Election Certification ...............................................................................................................................................
Utilization Certification ............................................................................................................................................
Clean Vehicle Credits .............................................................................................................................................
Statement of Specified Foreign Financial Assets ..................................................................................................
Credit for Small Employer Health Insurance Premiums ........................................................................................
Sales and Other Dispositions of Capital Assets ....................................................................................................
Net Investment Income Tax-Individuals, Estates, and Trusts ...............................................................................
Partner’s Additional Reporting Year Tax ................................................................................................................
Partners Additional Reporting Year Tax ................................................................................................................
Limitation on Business Interest Expense Under Section 163(j) ............................................................................
U.S Shareholder Calculation of Global Intangible Low-Taxed Income (GILTI) .....................................................
Schedule A, for Global Intangible Low-Taxed Income (GILTI) ..............................................................................
Employer Credit for Paid Family and Medical Leave ............................................................................................
Qualified Business Income Deduction Simplified Computation .............................................................................
Qualified Business Income Deduction ...................................................................................................................
Specified Service Trades or Businesses ...............................................................................................................
Aggregation of Business Operations .....................................................................................................................
8864
8865
8865
8865
8865
8865
8865
8865
8865
8866
khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 89, No. 175 / Tuesday, September 10, 2024 / Notices
....................
....................
SCH G .......
SCH H .......
SCH K–1 ...
SCH K–2 ...
SCH K–3 ...
SCH O .......
SCH P .......
....................
8873 ....................
8879–F ................
8881 ....................
8882 ....................
8886 ....................
8896 ....................
8903 ....................
8904 ....................
8908 ....................
8910 ....................
8911 ....................
8911 SCH A .......
8912 ....................
8918 ....................
8932 ....................
8933 ....................
8933 SCH A .......
8933 SCH B .......
8933 SCH C .......
8933 SCH D .......
8933 SCH E .......
8933 SCH F ........
8936 ....................
8938 ....................
8941 ....................
8949 ....................
8960 ....................
8978 ....................
8978 SCH A .......
8990 ....................
8992 ....................
8992 SCH A .......
8994 ....................
8995 ....................
8995–A ...............
8995–A SCH A ...
8995–A SCH B ...
VerDate Sep<11>2014
16:45 Sep 09, 2024
Jkt 262001
PO 00000
Frm 00157
Fmt 4703
Sfmt 4703
OMB No.
E:\FR\FM\10SEN1.SGM
10SEN1
1545–0889
1545–0967
1545–1008
1545–1034
1545–0984
1545–0074
1545–0988
1545–1035
1545–1002
1545–1031
1545–1073
1545–1505
1545–1190
1545–0123
1545–1205
1545–0074
1545–1292
1545–1354
1545–1362
1545–1444
1545–0123
1545–0123
1545–1881
1545–1910
1545–1910
1545–1924
1545–1668
1545–1668
1545–1668
1545–1668
1545–1668
1545–1668
1545–1668
1545–1668
1545–1622
1545–1722
1545–0967
1545–1810
1545–1809
1545–1800
1545–1914
1545–1984
1545–2278
1545–1979
1545–1998
1545–0123
New Form
1545–2025
1545–0865
1545–2126
1545–2132
New Form
New Form
New Form
New Form
New Form
New Form
1545–0074
1545–2195
1545–2198
1545–0074
1545–2227
1545–0123
1545–0123
1545–0123
1545–0123
1545–0123
1545–2282
1545–2294
1545–2294
1545–2294
1545–2294
Federal Register / Vol. 89, No. 175 / Tuesday, September 10, 2024 / Notices
Form
Title/description
8995–A SCH C ...
8995–A SCH D ...
8997 ....................
8582–CR .............
8609–A ...............
T ..........................
Loss Netting and Carryforward ..............................................................................................................................
Special Rules for Patrons of Agricultural or Horticultural Cooperatives ................................................................
Initial and Annual Statement of Qualified Opportunity Fund (QOF) Investments .................................................
Passive Activity Credit Limitations .........................................................................................................................
Annual Statement for Low-Income Housing Credit ................................................................................................
Forest Activities ......................................................................................................................................................
73507
OMB No.
1545–2294
1545–2294
1545–0123
1545–1034
1545–0988
1545–0007
* 1545–0074 will not be discontinued it will be the number assigned to all Forms within the individual tax collection.
* 1545–0123 will not be discontinued. It is the business collection and 8922 will be included in both the Business collection and the Employment Tax collection.
* 1545–0029 will not be discontinued it will be the number assigned to all Forms within the employment tax collection.
* 1545–0092 will not be discontinued it will be the number assigned to all Forms within the trust and estate income tax collection.
Appendix B
Guidance title/description
OMB No.
Revenue Procedure 2009–20: Safe harbor treatment for taxpayers that experienced losses in certain investment arrangements
discovered to be criminally fraudulent .................................................................................................................................................
Revenue Procedure 2009–26: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability ....................................................................................................................................................................................................
Revenue Procedure 2009–52: Examination of returns and claims for refund, credit or abatement; determination of correct tax liability ....................................................................................................................................................................................................
Revenue Procedure 2019–38: Trade or Business ..................................................................................................................................
TD 9846: Regulations Regarding the Transition Tax Under Section 965 and Related Provisions ........................................................
TD 9847: Qualified Business Income Deduction ....................................................................................................................................
TD 9902: Guidance Under Sections 951A and 954 Regarding Income Subject to a High Rate of Foreign Tax ..................................
TD 9918: Effect of Section 67(g) on Trusts and Estates ........................................................................................................................
TD 9922: Guidance Related to the Allocation and Apportionment of Deductions and Foreign Taxes, Foreign Tax Redeterminations, Foreign Tax Credit Disallowance Under Section 965(g), Consolidated Groups, Hybrid Arrangements and Certain Payments Under Section 951A ..................................................................................................................................................................
TD 9936: Guidance on Passive Foreign Investment Companies ...........................................................................................................
TD 9945: Guidance Under Section 1061 ................................................................................................................................................
TD 9959: Guidance Related to the Foreign Tax Credit; Clarification of Foreign-Derived Intangible Income ........................................
TD 9998: Increased Amounts of Credit or Deduction for Satisfying Certain Prevailing Wage and Registered Apprenticeship Requirements ............................................................................................................................................................................................
BILLING CODE 4830–01–P
DEPARTMENT OF VETERANS
AFFAIRS
[OMB Control No. 2900–0012]
Agency Information Collection
Activity: Application for Cash
Surrender or Policy Loan
Veterans Benefits
Administration, Department of Veterans
Affairs.
ACTION: Notice.
AGENCY:
Veterans Benefits
Administration (VBA), Department of
Veterans Affairs (VA), is announcing an
opportunity for public comment on the
proposed collection of certain
information by the agency. Under the
Paperwork Reduction Act (PRA) of
1995, Federal agencies are required to
publish notice in the Federal Register
concerning each proposed collection of
information, including each proposed
extension of a currently approved
collection, and allow 60 days for public
comment in response to the notice.
khammond on DSKJM1Z7X2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
16:45 Sep 09, 2024
Jkt 262001
Comments must be received on
or before November 12, 2024.
ADDRESSES: Comments must be
submitted through www.regulations.gov.
FOR FURTHER INFORMATION CONTACT:
Program-Specific information: Nancy
Kessinger, 202–632–8924,
nancy.kessinger@va.gov.
VA PRA information: Maribel Aponte,
202–461–8900, vacopaperworkreduact@
va.gov.
SUPPLEMENTARY INFORMATION: Under the
PRA of 1995, Federal agencies must
obtain approval from the Office of
Management and Budget (OMB) for each
collection of information they conduct
or sponsor. This request for comment is
being made pursuant to section
3506(c)(2)(A) of the PRA.
With respect to the following
collection of information, VBA invites
comments on: (1) whether the proposed
collection of information is necessary
for the proper performance of VBA’s
functions, including whether the
information will have practical utility;
(2) the accuracy of VBA’s estimate of the
burden of the proposed collection of
information; (3) ways to enhance the
quality, utility, and clarity of the
information to be collected; and (4)
DATES:
[FR Doc. 2024–20407 Filed 9–9–24; 8:45 am]
PO 00000
Frm 00158
Fmt 4703
Sfmt 4703
1545–0092
1545–0092
1545–0092
1545–0092
1545–2280
1545–0092
1545–0092
1545–0092
1545–1056
1545–0092
1545–0092
1545–2296
1545–2315
ways to minimize the burden of the
collection of information on
respondents, including through the use
of automated collection techniques or
the use of other forms of information
technology.
Title: Application for Cash Surrender
or Policy Loan (VA Form 29–1546),
Application for Cash Surrender (VA
Form 29–1546e).
OMB Control Number: 2900–0012.
https://www.reginfo.gov/public/do/
PRASearch (Once at this link, you can
enter the OMB Control Number to find
the historical versions of this
Information Collection).
Type of Review: Extension of a
currently approved collection.
Abstract: The Application for Cash
Surrender or Policy Loan solicits
information needed from Veterans to
apply for cash surrender value or policy
loan on his/her insurance. The VA Form
29–1546e has been added to this
collection. This is an electronic version
of the 29–1546 but is for cash surrender
only. This form was created so Veterans
can apply for a cash surrender of their
policy online. This will not affect the
number of respondents but will make it
easier and reduce the time it takes for
E:\FR\FM\10SEN1.SGM
10SEN1
]]>Agencies
[Federal Register Volume 89, Number 175 (Tuesday, September 10, 2024)]
[Notices]
[Pages 73501-73507]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-20407]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Trust and Estate Income
Tax Returns and Related Forms
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Internal Revenue Service, 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 (PRA). The IRS is soliciting comments
on Trust and Estate Income Tax Returns and Related Forms.
DATES: Written comments should be received on or before November 12,
2024 to be assured of consideration.
ADDRESSES: Direct all written comments to Andres Garcia, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224, or by email [email protected]. Include 1545-0092 or Trust and
Estate Income Tax Returns and Related Forms in the subject line.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Jason
Schoonmaker at (801) 620-2128, Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW, Washington, DC 20224, or through the
internet, at [email protected].
SUPPLEMENTARY INFORMATION:
Change in PRA Approval of Forms Used by Trusts and Estates
Under the PRA, OMB assigns a control number to each ``collection of
information'' that it reviews and approves for use by an agency. A
single information collection may consist of one or more forms,
recordkeeping requirements, and/or third-party disclosure requirements.
Under the PRA and OMB regulations, agencies have the discretion to seek
separate OMB approvals for forms, recordkeeping requirements, and
third-party reporting requirements or to combine any number of forms,
recordkeeping requirements, and/or third-party disclosure requirements
(usually related in subject matter) under one OMB Control Number.
Agency decisions on whether to group individual requirements under a
single OMB Control Number or to disaggregate them and request separate
OMB Control Numbers are based largely on considerations of
administrative practicality.
The PRA also requires agencies to estimate the burden for each
collection of information. Accordingly, each OMB Control Number has an
associated burden estimate. The burden estimates for each control
number are displayed in (1) the PRA notices that accompany collections
of information, (2) Federal Register notices such as this one, and (3)
in OMB's database of approved information collections. If more than one
form, recordkeeping requirement, and/or third-party disclosure
requirement is approved under a single control number, then the burden
estimate for that control number reflects the burden associated with
all of the approved forms, recordkeeping requirements, and/or third-
party disclosure requirements.
As described below under the heading ``Updated Burden Estimate
Methodology,'' the IRS's currently accepted burden estimate
methodology, referred to as the IRS Taxpayer Burden Model, is based on
taxpayers' tax reporting experience taking into account, among other
things, the forms and schedules used by those taxpayers and the
recordkeeping and other activities needed to complete those forms. The
transition of the trust and estate income tax reporting burden
represents the IRS's continued effort to improve the ability of IRS to
measure the burden imposed on various groups of taxpayers by the
federal tax system. While the improved methodology provides a more
accurate and comprehensive description of the trust and estate income
tax reporting burden, it will not provide burden estimates on a form-
by-form basis, as has been done under the previous methodology. When
the prior model, known as the legacy Arthur D. Little (ADL) model was
developed in the mid-1980s, almost all tax returns were prepared
manually, either by the taxpayer or a paid provider. In this context,
it was determined that estimating burden on a form-by-form, line-by-
line basis was an appropriate methodology. Trust and estate income tax
returns are increasingly being prepared using software or with preparer
assistance. In this current reporting environment, in which many
taxpayers' activities are no longer as directly associated with
particular forms, estimating burden on a form-by-form basis is not an
appropriate method of estimating taxpayer burden. The IRS Taxpayer
Burden Model, which takes into account broader and more comprehensive
taxpayer characteristics and activities, provides a much more accurate
and useful estimate of taxpayer burden.
Currently, there are 152 forms and 27 regulations used by trust and
estates pertaining to their income tax reporting
[[Page 73502]]
requirements. These include Forms 1041, 1041 A, 1041 ES, 1041 ES (OCR),
1041 N, 1041 QFT, 1041 SCH D, 1041 SCH I, 1041 SCH J, 1041 SCH K-1,
1041 T, 1041 V, 172, 461, 926, 965 A, 982, 1040 SCH C, 1040 SCH E, 1040
SCH F, 1040 SCH H, 1045, 1065 SCH D, 1065 SCH K-2, 1116, 1116 SCH B,
1116 SCH C, 2210, 2210 F, 2439, 3115, 3468, 3800, 4136, 4255, 4562,
4684, 4797, 4952, 4970, 4972, 5227, 5329, 5471, 5471 SCH E, 5471 SCH
G1, 5471 SCH H, 5471 SCH I1, 5471 SCH J, 5471 SCH M, 5471 SCH O, 5471
SCH P, 5471 SCH Q, 5471 SCH R, 5713, 5713 SCH B, 5713 SCH C, 5884, 5884
A, 6198, 6252, 6478, 6765, 6781, 7205, 7207, 7210, 7211, 7213, 7217,
7218, 8082, 8275, 8275 R, 8453 FE, 8582, 8582 CR, 8586, 8594, 8609 A,
8611, 8621, 8697, 8801, 8820, 8824, 8825, 8826, 8829, 8830, 8833, 8835,
8844, 8845, 8846, 8855, 8858, 8858 SCH M, 8864, 8865, 8865 SCH G, 8865
SCH H, 8865 SCH K-1, 8865 SCH K-2, 8865 SCH K-3, 8865 SCH O, 8865 SCH
P, 8866, 8873, 8879 F, 8881, 8882, 8886, 8896, 8903, 8904, 8908, 8910,
8911, 8911 SCH A, 8912, 8918, 8932, 8933, 8933 SCH A, 8933 SCH B, 8933
SCH C, 8933 SCH D, 8933 SCH E, 8933 SCH F, 8936, 8938, 8941, 8949,
8960, 8978, 8978 SCH A, 8990, 8992, 8992 SCH A, 8994, 8995, 8995 A,
8995 A SCH A, 8995 A SCH B, 8995 A SCH C, 8995 A SCH D, 8997, 8582-CR,
8609-A, T, and their schedules (see the Appendix to this notice). For
most of these forms, IRS has in the past obtained separate OMB
approvals under unique OMB Control Numbers and separate burden
estimates.
The IRS Taxpayer Burden Model methodology estimates the aggregate
burden imposed on trusts and estates, based upon their reporting-
related characteristics and activities. IRS therefore will seek OMB
approval of all 152 trust and estate income tax forms as a single
``collection of information.'' The aggregate burden of these tax forms
will be accounted for under OMB Control Number 1545-0092, which is
currently assigned to Form 1041. OMB Control Number 1545-0092 will be
displayed on all trust and estate income tax forms and related
information collections. As a result of this change, burden estimates
for trust and estate income taxes will now be displayed differently in
PRA Notices on tax forms and other information collections, and in
Federal Register notices. This new way of displaying burden is
presented below under the heading ``Proposed PRA Submission to OMB.''
Updated Burden Estimate Methodology
The IRS Taxpayer Burden Model methodology revises the estimates of
the levels of burden experienced by trusts and estates when complying
with their federal reporting requirements pertaining to income taxes.
It replaces the legacy ADL model methodology developed in the mid-
1980s. Since that time, improved technology and modeling sophistication
have enabled the IRS to improve the burden estimates. The IRS Taxpayer
Burden Model methodology provides taxpayers and the IRS with a more
comprehensive understanding of the current levels of taxpayer burden.
It reflects major changes over the past two decades in the way
taxpayers prepare and file their returns. The IRS Taxpayer Burden Model
methodology also represents a substantial step forward in the IRS's
ability to assess likely impacts of administrative and legislative
changes on trusts and estates.
The IRS Taxpayer Burden Model methodology focuses on the
characteristics and activities of trusts and estates rather than solely
focusing on the forms they file. Key determinants of taxpayer burden in
the model are the type of trust or estate, the number of beneficiaries,
level of the trust or estate's income, and the complexity of the trust
or estate's income generated from assets and investments. Indicators of
tax law and administrative complexity, as reflected in the tax forms
and instructions, are incorporated into the model. Tax compliance
burden does not include a taxpayer's tax liability, economic
inefficiencies caused by sub-optimal choices related to tax deductions
or credits, or psychological costs. The legacy ADL model methodology
primarily focused on the number of line items of each tax form. The
changes between the old and new burden estimates are due to the
improved ability of the IRS Taxpayer Burden Model methodology to
measure burden and the expanded scope of what is measured. These
changes create a one-time shift in the estimate of imposed burden. It
is important to note that the difference between the legacy ADL
estimate and the IRS Taxpayer Burden Model estimate do not reflect any
change in the actual burden imposed by taxpayers.
Methodology
Burden is defined as the time and out-of-pocket costs incurred by
taxpayers to comply with their federal tax reporting responsibilities.
As has been done for individual taxpayer burden since 2005, business
entity burden since 2014, tax-exempt organization burden since 2018,
and employer taxpayer burden since 2023, both the time expended and the
out-of-pocket costs for trusts and estates are estimated. The IRS
Taxpayer Burden Model methodology relies on surveys that gather data
about time and out-of-pocket costs that trusts and estates spend on
pre-filing and filing activities. The methodology establishes
econometric relationships between tax return characteristics and
reported compliance costs. The methodology controls for the
substitution of time and money by monetizing time and reporting total
compliance costs in dollars. This methodology better reflects taxpayer
compliance burden, because in a world of electronic tax preparation,
time and out-of-pocket costs are governed by the information required
rather than the form on which it is ultimately reported. Importantly,
even where various trusts and estates complete the same tax form lines,
the new methodology differentiates the cost incurred to complete those
forms based on characteristics of those trusts and estates. Key
characteristics that serve as coefficients in the trust and estates
reporting burden model are:
Type of trust or estate
Level of income
Complexity of income and deductions
Number of beneficiaries
The IRS Taxpayer Burden Model methodology is based on survey data
collected using the following stratification for trusts and estates:
Form 1041 Strata
------------------------------------------------------------------------
Fiduciary code Income level
------------------------------------------------------------------------
1 = Estate............................................ <$5
5-999
1,000-4,999
5,000-24,999
25,000-74,999
75,000-149,999
>=150,000
2 = Simple Trust...................................... <5
5-999
1,000-4,999
5,000-24,999
25,000-74,999
75,000-149,999
>=150,000
3 = Complex Trust..................................... <5
5-999
1,000-4,999
5,000-24,999
25,000-74,999
75,000-149,999
>=150,000
4 = Nontaxable Grantor Trust.......................... Any
5 = Bankruptcy Trust Ch. 7............................ Any
6 = Bankruptcy Trust Ch. 11........................... Any
8 = Qualified Dividend Trust.......................... <5
>=5
9 = Pooled Investment Funds........................... <5
>=5
------------------------------------------------------------------------
Source: IRS:RAAS:KDA (08-23-2024).
Proposed PRA Submission to OMB
Title: Trust and Estate Income Tax Returns and related Forms.
OMB Number: 1545-0092.
Form Numbers: 1041, 1041 A, 1041 ES, 1041 ES (OCR), 1041 N, 1041
QFT,
[[Page 73503]]
1041 SCH D, 1041 SCH I, 1041 SCH J, 1041 SCH K-1, 1041 T, 1041 V, 172,
461, 926, 965 A, 982, 1040 SCH C, 1040 SCH E, 1040 SCH F, 1040 SCH H,
1045, 1065 SCH D, 1065 SCH K-2, 1116, 1116 SCH B, 1116 SCH C, 2210,
2210 F, 2439, 3115, 3468, 3800, 4136, 4255, 4562, 4684, 4797, 4952,
4970, 4972, 5227, 5329, 5471, 5471 SCH E, 5471 SCH G1, 5471 SCH H, 5471
SCH I1, 5471 SCH J, 5471 SCH M, 5471 SCH O, 5471 SCH P, 5471 SCH Q,
5471 SCH R, 5713, 5713 SCH B, 5713 SCH C, 5884, 5884 A, 6198, 6252,
6478, 6765, 6781, 7205, 7207, 7210, 7211, 7213, 7217, 7218, 8082, 8275,
8275 R, 8453 FE, 8582, 8582 CR, 8586, 8594, 8609 A, 8611, 8621, 8697,
8801, 8820, 8824, 8825, 8826, 8829, 8830, 8833, 8835, 8844, 8845, 8846,
8855, 8858, 8858 SCH M, 8864, 8865, 8865 SCH G, 8865 SCH H, 8865 SCH K-
1, 8865 SCH K-2, 8865 SCH K-3, 8865 SCH O, 8865 SCH P, 8866, 8873, 8879
F, 8881, 8882, 8886, 8896, 8903, 8904, 8908, 8910, 8911, 8911 SCH A,
8912, 8918, 8932, 8933, 8933 SCH A, 8933 SCH B, 8933 SCH C, 8933 SCH D,
8933 SCH E, 8933 SCH F, 8936, 8938, 8941, 8949, 8960, 8978, 8978 SCH A,
8990, 8992, 8992 SCH A, 8994, 8995, 8995 A, 8995 A SCH A, 8995 A SCH B,
8995 A SCH C, 8995 A SCH D, 8997, 8582-CR, 8609-A, T, and associated
schedules.
Abstract: These forms are used by trusts and estates to comply with
their income tax reporting requirement. The data is used to verify that
the items reported on the forms are correct.
Current Actions: The burden estimation methodology for trust and
estate tax is being transitioned from the legacy Arthur D. Little (ADL)
methodology to the IRS Taxpayer Burden Model. The changes discussed
above result in a burden hour estimate of 69,000,000 hours, a decrease
in total estimated time burden of 327,470,339 hours. The newly reported
total out-of-pocket costs is $6,124,000,000 and total monetized burden
is $11,164,000,000. The change related to the transition of the burden
estimate from the legacy adl model methodology to the IRS Taxpayer
Burden Model, is a one-time change. In addition, changes are being made
to the forms to be current with enacted legislation.
Type of Review: Revision of currently approved collections.
Affected Public: Trusts and Estates.
Estimated Number of Respondents: 3,070,000.
Estimated Time per Respondent (Hours): 22 hours, 29 minutes.
Estimated Total Annual Time (Hours): 69,000,000 hours.
Estimated Total Annual Monetized Time ($): 5,040,000,000.
Estimated Annual Monetized Time per Respondent ($): 1,642.
Estimated Total Out-of-Pocket Costs ($): 6,124,000,000.
Estimated Out-of-Pocket Cost per Respondent ($): 1,995.
Estimated Total Monetized Burden ($): 11,164,000,000.
Estimated Monetized Burden per Respondent ($): 3,637.
Note: Total Monetized Burden = Total Out-of-Pocket Costs +
Total Annual Monetized Time.
Fiscal Year (FY) 2025 Burden Total Estimates for Trust and Estate Income Tax Forms, Schedules, and Regulations
[FY25]
----------------------------------------------------------------------------------------------------------------
Program Program
Program change due change due change
FY23 to 24 to adjustment to new due to FY 25
legislation agency
----------------------------------------------------------------------------------------------------------------
Number of Respondents......... * 19,120,534 (16,050,534) 0 0 ** 3,070,000
Burden in Hours............... 396,470,339 (327,470,339) 0 0 69,000,000
Monetized time Burden......... $0 $5,040,000,000 $0 $0 $5,040,000,000
Out-of-Pocket Costs........... $0 $6,124,000,000 $0 $0 $6,124,000,000
Total Monetized Burden ***.... $0 $11,164,000,000 $0 $0 $11,164,000,000
----------------------------------------------------------------------------------------------------------------
Source: IRS:RAAS:KDA (07-08-2024).
* FY23 responses per year is a count of all forms and schedules filed under legacy ADL Model methodology.
** FY25 responses per year is a count of all taxpayers under the IRS Taxpayer Burden Model methodology. This
approach is also used for OMB 1545-0074 (individuals), 1545-0123 (business entities), 1545-0029 (employment
tax), and 1545-0047 (tax-exempt organizations).
*** Total monetized burden = Total Out-of-Pocket Costs + Total Annual Monetized Time Note: Reported time and
cost burdens are national averages and do not necessarily reflect a ``typical case.'' Most taxpayers
experience lower than average burden, with taxpayer burden varying considerably by taxpayer type. Detail may
not add due to rounding.
The following additional breakouts of average burden are provided
for transparency in understanding the average estimated burden
experienced by taxpayers. Table 1 shows the average burden by filers of
Form 1041. Table 2 shows the average burden by total income. Table 3
shows the average burden by the number of K-1s attached to the Form
1041.
Table 1--FY2025 Average Burden Projections by Entity Type
----------------------------------------------------------------------------------------------------------------
Percent of Average
Entity type filed Form Average time Average out-of- monetized
1041 ** (hrs.) pocket costs burden
----------------------------------------------------------------------------------------------------------------
Simple Trust................................... 18 19 $1,400 $2,900
Complex Trust *................................ 55 22 2,000 3,800
Decedent Estate................................ 10 46 4,100 7,100
Grantor Trust.................................. 16 12 1,500 1,900
Qualified Disability Trust..................... 1 19 800 1,900
Pooled Income Fund............................. <1 27 2,000 2,900
----------------------------------------------------------------------------------------------------------------
Source: IRS:RAAS:KDA (07-08-2024).
* The category of Complex Trusts includes Chapter 7 and Chapter 11 Bankruptcy Estates.
** Percentages based on Tax Year 2022 filings.
[[Page 73504]]
Table 2--FY2025 Average Burden Projections by Total Income *
----------------------------------------------------------------------------------------------------------------
Average
Total Income Average time Average out-of- monetized
(hrs.) pocket costs burden
----------------------------------------------------------------------------------------------------------------
Table 2A--Simple Trusts
----------------------------------------------------------------------------------------------------------------
1. <$1......................................................... 19 $800 $1,700
2. $1 to $5,000................................................ 19 900 1,800
3. $5,001 to $10,000........................................... 18 1,100 2,300
4. $10,001 to $50,000.......................................... 17 1,400 2,900
5. >$50,000.................................................... 25 2,700 5,600
----------------------------------------------------------------------------------------------------------------
Table 2B--Complex Trusts, Qualified Disability Trusts, Pooled Income Funds, Chapter 7 and 11 Bankruptcy Estates
----------------------------------------------------------------------------------------------------------------
1. <$1......................................................... 19 900 1,700
2. $1 to $5,000................................................ 19 1,000 1,900
3. $5,001 to $10,000........................................... 18 1,300 2,500
4. $10,001 to $50,000.......................................... 18 1,800 3,400
5. >$50,000.................................................... 40 5,200 10,000
----------------------------------------------------------------------------------------------------------------
Table 2C--Decedent Estates
----------------------------------------------------------------------------------------------------------------
1. <$1......................................................... 38 2,800 4,800
2. $1 to $5,000................................................ 48 3,100 5,300
3. $5,001 to $10,000........................................... 52 3,900 6,800
4. $10,001 to $50,000.......................................... 49 5,100 8,900
5. >$50,000.................................................... 52 8,100 14,100
----------------------------------------------------------------------------------------------------------------
Source: IRS:RAAS:KDA (07-08-2024).
* Grantor trusts are not reflected in this table because income from a grantor trust is generally reported on
the grantor's tax return.
Table 3--FY2025 Average Burden Projections by Number of K-1s Attached *
----------------------------------------------------------------------------------------------------------------
Average
Number of K-1s Average time Average out-of- monetized
(hrs.) pocket costs burden
----------------------------------------------------------------------------------------------------------------
Table 3A--Simple Trusts
----------------------------------------------------------------------------------------------------------------
0.............................................................. 16 $900 $1,900
1-5............................................................ 19 1,400 2,900
6-10........................................................... 33 2,600 5,500
>10............................................................ 47 5,000 10,400
----------------------------------------------------------------------------------------------------------------
Table 3B--Complex Trusts, Qualified Disability Trusts, Pooled Income Funds, Ch. 7 and 11 Bankruptcy Estates
----------------------------------------------------------------------------------------------------------------
0.............................................................. 19 1,300 2,500
1-5............................................................ 23 2,300 4,400
6-10........................................................... 39 4,200 8,100
>10............................................................ 60 7,700 14,600
----------------------------------------------------------------------------------------------------------------
Table 3C--Decedent Estates
----------------------------------------------------------------------------------------------------------------
0.............................................................. 41 3,200 5,600
1-5............................................................ 49 4,700 8,200
6-10........................................................... 57 6,600 11,400
>10............................................................ 68 9,000 15,700
----------------------------------------------------------------------------------------------------------------
Source: IRS:RAAS:KDA (07-08-2024).
* Grantor trusts are not reflected in this table because they do not use Schedule K-1s. See Instructions to Form
1041, https://www.irs.gov/instructions/i1041.
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 will
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 5, 2024.
Jason M. Schoonmaker,
Tax Analyst.
Appendix A
[[Page 73505]]
------------------------------------------------------------------------
Form Title/description OMB No.
------------------------------------------------------------------------
1041......................... U.S. Income Tax Return for 1545-0092
Estates and Trusts.
1041-A....................... U.S. Information Return 1545-0094
Trust Accumulation of
Charitable Amounts.
1041-ES...................... Estimated Tax for Estates 1545-0971
and Trusts.
1041-ES (OCR)................ Estimated Tax Vouchers 1545-0971
Package 1041ES (OCR) 2017.
1041-N....................... U.S. Income Tax Return for 1545-1776
Electing Alaska Native
Settlement.
1041-QFT..................... U.S. Income Tax Return for 1545-1593
Qualified Funeral Trusts.
1041-SCH D................... Capital Gains and Losses.... 1545-0092
1041 SCH I................... Alternative Minimum Tax- 1545-0092
Estates and Trusts.
1041 SCH J................... Accumulation Distribution 1545-0092
for Certain Complex Trusts.
1041 SCH K-1................. Beneficiary's Share of 1545-0092
Income, Deductions,
Credits, etc.
1041-T....................... Allocation of Estimated Tax 1545-1020
Payments to Beneficiaries
(Under Code section 643(g)).
1041-V....................... Payment Voucher............. 1545-0092
5227......................... Split-Interest Trust 1545-0196
Information Return.
172.......................... Net Operating Losses (NOLs) 1545-0074
for Individuals, Estates,
and Trusts.
461.......................... Limitation on Business 1545-2283
Losses.
926.......................... Return by a U.S. Transferor 1545-0026
of Property to a Foreign
Corporation.
965-A........................ Form 965-A, Individual 1545-0074
Report of Net 965 Tax
Liability.
982.......................... Reduction of Tax Attributes 1545-0046
Due to Discharge of
Indebtedness (And Section
1082 Basis Adjustment).
1040 SCH C................... Profit or Loss from Business 1545-0074
(Sole Proprietorship).
1040 SCH E................... Supplemental Income and Loss 1545-0074
1040 SCH F................... Profit or Loss from Farming. 1545-0074
1040 SCH H................... Household Employment Taxes.. 1545-0074
1045......................... Application for Tentative 1545-0098
Refund.
1065 SCH D................... Capital Gains and Losses.... 1545-0123
1065 SCH K-2................. Partners Distributive Share 1545-0123
Items--International.
1116......................... Foreign Tax Credit.......... 1545-0121
1116 SCH B................... Foreign Tax Credit.......... 1545-0121
1116 SCH C................... Foreign Tax Credit.......... 1545-0121
2210......................... Underpayment of Estimated 1545-0140
Tax by Individuals, Estates
and Trusts.
2210-F....................... Underpayment of Estimated 1545-0140
Tax by Farmers and
Fisherman.
2439......................... Notice to Shareholder of 1545-0123
Undistributed Long-Term
Capital Gains.
3115......................... Application for Change in 1545-2070
Accounting Method.
3468......................... Investment Credit........... 1545-0074
3800......................... General Business Credit..... 1545-0895
4136......................... Credit for Federal Tax Paid 1545-0162
on Fuels.
4255......................... Recapture of Investment 1545-0166
Credit.
4562......................... Depreciation and 1545-0172
Amortization (Including
Information on Listed
Property).
4684......................... Casualties and Thefts....... 1545-0177
4797......................... Sales of Business Property.. 1545-0184
4952......................... Investment Interest Expense 1545-0191
Deduction.
4970......................... Tax on Accumulation 1545-0192
Distribution of Trusts.
4972......................... Tax on Lump-Sum 1545-0193
Distributions.
5227......................... Split-Interest Trust 1545-0196
Information Return.
5329......................... Additional Taxes on 1545-0123
Qualified Plans (Including
IRAs) and Other Tax-Favored
Accounts.
5471......................... Information Return of U.S. 1545-0123
Persons With Respect to
Certain Foreign
Corporations.
5471 SCH E................... Income, War Profits, and 1545-0123
Excess Profits Taxes Paid
or Accrued.
5471 SCH G1.................. Cost Sharing Arrangement.... 1545-0123
5471 SCH H................... Current Earnings and Profits 1545-0123
5471 SCH I1.................. Information for Global 1545-0123
Intangible Low-Taxed Income.
5471 SCH J................... Accumulated Earnings and 1545-0123
Profits (E&P) of Controlled
Foreign Corporation.
5471 SCH M................... Transactions Between 1545-0123
Controlled Foreign
Corporation and
Shareholders or Other
Related Persons.
5471 SCH O................... Organization or 1545-0123
Reorganization of Foreign
Corporation and
Acquisitions and
Dispositions of its Stock.
5471 SCH P................... Previously Taxed Earnings 1545-0123
and Profits of U.S.
Shareholder of Certain
Foreign Corporations.
5471 SCH Q................... CFC Income by CFC Income 1545-0123
Groups.
5471 SCH R................... Form 5471 Schedule R........ 1545-0123
5713......................... International Boycott Report 1545-0216
5713 SCH B................... Specifically Attributable 1545-0216
Taxes and Income (Section
999(c)(2)).
5713 SCH C................... Tax Effect of The 1545-0216
International Boycott
Provisions.
5884......................... Work Opportunity Credit..... 1545-0219
5884-A....................... Employee Retention Credit 1545-1978
for Employers Affected by
Qualified Disasters.
6198......................... At-Risk Limitations......... 1545-0712
6252......................... Installment Sale Income..... 1545-0228
6478......................... Biofuel Producer Credit..... 1545-0231
6765......................... Credit for Increasing 1545-0619
Research Activities.
6781......................... Gains and Losses from 1545-0644
Section 1256 Contracts and
Straddles.
7205......................... Energy Efficient Commercial 1545-2004
Buildings Deduction.
7207......................... Advanced Manufacturing 1545-2306
Production Credit.
7210......................... Clean Hydrogen Production 1545-2321
Credit.
7211......................... Clean Electricity Production New Form
Credit.
7213......................... Nuclear Power Production 1545-0123
Credit.
7217......................... Distributions From a New Form
Partnership of Property
With Partner Basis
Adjustments.
7218......................... Clean Fuel Production Credit New Form
8082......................... Notice of Inconsistent 1545-0074
Treatment or Administrative
Adjustment Request (AAR).
8275......................... Disclosure Statement........ 1545-0889
[[Page 73506]]
8275-R....................... Regulation Disclosure 1545-0889
Statement.
8453-FE...................... U.S. Estate or Trust Income 1545-0967
Tax Declaration and
Signature for Electronic
Filing.
8582......................... Passive Activity Loss 1545-1008
Limitations.
8582-CR...................... Passive Activity Credit 1545-1034
Limitations.
8586......................... Low-Income Housing Credit... 1545-0984
8594......................... Asset Acquisition Statement. 1545-0074
8609-A....................... Annual Statement for Low- 1545-0988
Income Housing Credit.
8611......................... Recapture of Low-Income 1545-1035
Housing Credit.
8621......................... Return by a Shareholder of a 1545-1002
Passive Foreign Investment
Co. or Qualified Electing
Fund.
8697......................... Interest Computation Under 1545-1031
the Look-Back Method for
Completed Long-Term
Contracts.
8801......................... Credit For Prior Year 1545-1073
Minimum Tax--Individuals,
Estates, and Trusts.
8820......................... Orphan Drug Credit.......... 1545-1505
8824......................... Like-Kind Exchanges......... 1545-1190
8825......................... Rental Real Estate Income 1545-0123
and Expenses of a
Partnership or an S
Corporation.
8826......................... Disabled Access Credit...... 1545-1205
8829......................... Expenses for Business Use of 1545-0074
Your Home.
8830......................... Enhanced Oil Recovery Credit 1545-1292
8833......................... Treaty-Based Return Position 1545-1354
Disclosure Under Section
6114 or 7701(b).
8835......................... Renewable Electricity 1545-1362
Production Credit.
8844......................... Empowerment Zone Employment 1545-1444
Credit.
8845......................... Indian Employment Credit.... 1545-0123
8846......................... Credit for Employer Social 1545-0123
Security and Medicare Taxes
Paid on Certain Employee
Tips.
8855......................... Election To Treat a 1545-1881
Qualified Revocable Trust
as Part of an Estate.
8858......................... Information Return of U.S. 1545-1910
Persons With Respect to
Disregarded Entities (FDEs)
and Foreign Branches (FBs).
8858 SCH M................... Transactions Between Foreign 1545-1910
Disregarded Entity (FDE) or
Foreign Branch (FB) and the
Filer or Other Related
Entities.
8864......................... Biodiesel, Renewable Diesel, 1545-1924
or Sustainable Aviation
Fuels Credit.
8865......................... Return of U.S. Persons With 1545-1668
Respect to Certain Foreign
Partnerships.
8865 SCH G................... Statement of Application for 1545-1668
the Gain Deferral Method
Under Section 721(c).
8865 SCH H................... Acceleration Events and 1545-1668
Exceptions Reporting
Relating to Gain Deferral
Method Under Section 721(c).
8865 SCH K-1................. Partner's Share of Income, 1545-1668
Deductions, Credits, etc.
(Schedule K-1 (Form 8865)).
8865 SCH K-2................. Schedule K-2 (Form 8865), 1545-1668
Partners' Distributive
Share Items--International.
8865 SCH K-3................. Partner's Share of Income, 1545-1668
Deductions, Credits, etc.--
International.
8865 SCH O................... Transfer of Property to a 1545-1668
Foreign Partnership.
8865 SCH P................... Acquisitions, Dispositions, 1545-1668
and Changes of Interests in
a Foreign Partnership.
8866......................... Interest Computation Under 1545-1622
the Look-Back Method for
Property Depreciated Under
the Income Forecast Method.
8873......................... Extraterritorial Income 1545-1722
Exclusion.
8879-F....................... U.S. Estate or Trust 1545-0967
Declaration for an IRS e-
file Return.
8881......................... Credit for Small Employer 1545-1810
Pension Plan Startup Costs.
8882......................... Credit for Employer-Provided 1545-1809
Child Care Facilities and
Services.
8886......................... Reportable Transaction 1545-1800
Disclosure Statement.
8896......................... Low Sulfur Diesel Fuel 1545-1914
Production Credit.
8903......................... Domestic Production 1545-1984
Activities Deduction.
8904......................... Credit for Oil and Gas 1545-2278
Production From Marginal
Wells.
8908......................... Energy Efficient Home Credit 1545-1979
8910......................... Alternative Motor Vehicle 1545-1998
Credit.
8911......................... Alternative Fuel Vehicle 1545-0123
Refueling Property Credit.
8911 SCH A................... Alternative Fuel Vehicle New Form
Refueling Property Credit
Amount.
8912......................... Credit to Holders of Tax 1545-2025
Credit Bonds.
8918......................... Material Advisor Disclosure 1545-0865
Statement.
8932......................... Credit for Employer 1545-2126
Differential Wage Payments.
8933......................... Carbon Oxide Sequestration 1545-2132
Credit.
8933 SCH A................... Disposal or Enhanced Oil New Form
Recovery Owner
Certification.
8933 SCH B................... Disposal Operator New Form
Certification.
8933 SCH C................... Enhanced Oil Recovery New Form
Operator Certification.
8933 SCH D................... Recapture Certification..... New Form
8933 SCH E................... Election Certification...... New Form
8933 SCH F................... Utilization Certification... New Form
8936......................... Clean Vehicle Credits....... 1545-0074
8938......................... Statement of Specified 1545-2195
Foreign Financial Assets.
8941......................... Credit for Small Employer 1545-2198
Health Insurance Premiums.
8949......................... Sales and Other Dispositions 1545-0074
of Capital Assets.
8960......................... Net Investment Income Tax- 1545-2227
Individuals, Estates, and
Trusts.
8978......................... Partner's Additional 1545-0123
Reporting Year Tax.
8978 SCH A................... Partners Additional 1545-0123
Reporting Year Tax.
8990......................... Limitation on Business 1545-0123
Interest Expense Under
Section 163(j).
8992......................... U.S Shareholder Calculation 1545-0123
of Global Intangible Low-
Taxed Income (GILTI).
8992 SCH A................... Schedule A, for Global 1545-0123
Intangible Low-Taxed Income
(GILTI).
8994......................... Employer Credit for Paid 1545-2282
Family and Medical Leave.
8995......................... Qualified Business Income 1545-2294
Deduction Simplified
Computation.
8995-A....................... Qualified Business Income 1545-2294
Deduction.
8995-A SCH A................. Specified Service Trades or 1545-2294
Businesses.
8995-A SCH B................. Aggregation of Business 1545-2294
Operations.
[[Page 73507]]
8995-A SCH C................. Loss Netting and 1545-2294
Carryforward.
8995-A SCH D................. Special Rules for Patrons of 1545-2294
Agricultural or
Horticultural Cooperatives.
8997......................... Initial and Annual Statement 1545-0123
of Qualified Opportunity
Fund (QOF) Investments.
8582-CR...................... Passive Activity Credit 1545-1034
Limitations.
8609-A....................... Annual Statement for Low- 1545-0988
Income Housing Credit.
T............................ Forest Activities........... 1545-0007
------------------------------------------------------------------------
* 1545-0074 will not be discontinued it will be the number assigned to
all Forms within the individual tax collection.
* 1545-0123 will not be discontinued. It is the business collection and
8922 will be included in both the Business collection and the
Employment Tax collection.
* 1545-0029 will not be discontinued it will be the number assigned to
all Forms within the employment tax collection.
* 1545-0092 will not be discontinued it will be the number assigned to
all Forms within the trust and estate income tax collection.
Appendix B
------------------------------------------------------------------------
Guidance title/description OMB No.
------------------------------------------------------------------------
Revenue Procedure 2009-20: Safe harbor treatment for 1545-0092
taxpayers that experienced losses in certain investment
arrangements discovered to be criminally fraudulent.......
Revenue Procedure 2009-26: Examination of returns and 1545-0092
claims for refund, credit or abatement; determination of
correct tax liability.....................................
Revenue Procedure 2009-52: Examination of returns and 1545-0092
claims for refund, credit or abatement; determination of
correct tax liability.....................................
Revenue Procedure 2019-38: Trade or Business............... 1545-0092
TD 9846: Regulations Regarding the Transition Tax Under 1545-2280
Section 965 and Related Provisions........................
TD 9847: Qualified Business Income Deduction............... 1545-0092
TD 9902: Guidance Under Sections 951A and 954 Regarding 1545-0092
Income Subject to a High Rate of Foreign Tax..............
TD 9918: Effect of Section 67(g) on Trusts and Estates..... 1545-0092
TD 9922: Guidance Related to the Allocation and 1545-1056
Apportionment of Deductions and Foreign Taxes, Foreign Tax
Redeterminations, Foreign Tax Credit Disallowance Under
Section 965(g), Consolidated Groups, Hybrid Arrangements
and Certain Payments Under Section 951A...................
TD 9936: Guidance on Passive Foreign Investment Companies.. 1545-0092
TD 9945: Guidance Under Section 1061....................... 1545-0092
TD 9959: Guidance Related to the Foreign Tax Credit; 1545-2296
Clarification of Foreign-Derived Intangible Income........
TD 9998: Increased Amounts of Credit or Deduction for 1545-2315
Satisfying Certain Prevailing Wage and Registered
Apprenticeship Requirements...............................
------------------------------------------------------------------------
[FR Doc. 2024-20407 Filed 9-9-24; 8:45 am]
BILLING CODE 4830-01-P
