THIS APPROVAL IS
ONLY FOR THE NPRM ON ELECTION PROCEDURES FOR EXCLUDING CERTAIN
RETIREMENT BENEFITS FROM THE VALUE OF THE GROSS ESTATE. THE TERMS
OF CLEARANCE FOR FORM 706 IN THE 5/25/82 NOTICE OF ACTION REMAINS
IN EFFECT. THE EXPIRATION DATE OF THE 5/25/82 ACTION ALSO REMAINS
IN EFFECT.
Inventory as of this Action
Requested
Previously Approved
03/31/1984
03/31/1984
03/31/1984
88,001
0
88,000
1,390,097
0
1,390,096
0
0
0
AN ESTABE MAY NOT EXCLUDE FROM THE
GROSS ESTATE UNDER IRC SECTION 2039(E), THE VA1UE OF CERTAIN
ANNUITIES UNLESS THE BENEFICIARIES ELECT A CERTAIN INCOME TAX
TREATMENT OF THESE ANNUITIES. THIS PROPOSED REGULATION AMENDS THE
ELECTION PROCEDURES.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.