FORM 1040, AS AMENDED BY TAX REFORM ACT OF 1984 FOR TREATMENT OF TRANSFER OF PROPERTY BETW. SPOUSES OR FORMER SPOUSES INCIDENT TO DIVORCE, TAX TREATMENT OF ALIMONY & SEP.
ICR 198408-1545-035
OMB: 1545-0074
Federal Form Document
⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1545-0074 can be found here:
FORM 1040, AS AMENDED BY TAX
REFORM ACT OF 1984 FOR TREATMENT OF TRANSFER OF PROPERTY BETW.
SPOUSES OR FORMER SPOUSES INCIDENT TO DIVORCE, TAX TREATMENT OF
ALIMONY & SEP.
THIS APPROVAL IS
FOR THE TEMPORARY REGULATIONS AND THE CORRESPONDING NOTICE OF
PROPOSED RULEMAKING.
Inventory as of this Action
Requested
Previously Approved
06/30/1986
06/30/1986
10/31/1986
173,920,107
0
173,920,107
255,989,168
0
255,844,918
0
0
0
SECTION 1041 OF THE CODE ALLOWS
INDIVIDUALS TO ELECT NON-RECOGNITION TREATMENT FOR CERTAIN PROPERTY
TRANSFERS. SEC. 71 PROVIDES THAT PARTI TO DIVORCE OR SEPARATE
MAINTENANCE DECREES MAY ELECT NON-DEDUCTIBILITY FOR OTHERWISE
QUALIFYING PAYMENTS. UNDER SEC. 215 RECIPIENTS OF ALIMONY OR
SEPARATE MAINTENANCE PAYMENTS MUST GIVE IDENTIFYING NUMBERS TO
PAYORS. SECTION 152 ALLOWS CUSTODIAL PARENTS TO RELEASE CLAIMS TO
THE DEPENDENCY EXEMPTION TO NON-CUSTODIAL PARENTS.
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.