Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts

ICR 199801-1545-014

OMB: 1545-0159

Federal Form Document

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Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1545-0159 199801-1545-014
Historical Active 199710-1545-012
TREAS/IRS
Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts
Extension without change of a currently approved collection   No
Regular
Approved without change 03/03/1998
Retrieve Notice of Action (NOA) 01/14/1998
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
03/31/2001 03/31/2001 04/30/1998
2,000 0 2,000
124,320 0 123,520
0 0 0

Form 3520 is filed by U.S. persons who create a foreign trust, transfer property to a foreign trust, receive a distribution from a foreign trust, or receive a large gift from a foreign source. IRS uses the form to identify the U.S. persons who may have transactions that may trigger a taxable event in the future.

None
None


No

1
IC Title Form No. Form Name
Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts FORM-3520

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 2,000 2,000 0 0 0 0
Annual Time Burden (Hours) 124,320 123,520 0 800 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

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.
01/14/1998


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