Tax on Accumulation Distribution of Trusts

ICR 199804-1545-025

OMB: 1545-0192

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC ID
Document
Title
Status
17090 Migrated
ICR Details
1545-0192 199804-1545-025
Historical Active 199505-1545-004
TREAS/IRS
Tax on Accumulation Distribution of Trusts
Extension without change of a currently approved collection   No
Regular
Approved without change 06/26/1998
Retrieve Notice of Action (NOA) 04/29/1998
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
10/31/2000 10/31/2000 06/30/1998
30,000 0 30,000
97,800 0 99,300
0 0 0

Form 4970 is used by a beneficiary of a domestic or foreign trust to compute the tax adjustment attributable to an accumulation distribution. The form is used to verify whether the correct tax has been paid on the accumulation distribution.

None
None


No

1
IC Title Form No. Form Name
Tax on Accumulation Distribution of Trusts FORM-4970

  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 30,000 30,000 0 0 0 0
Annual Time Burden (Hours) 97,800 99,300 0 -1,500 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes

$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.
04/29/1998


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