REG-251701-96 (Final) Electing Small Business Trusts

ICR 200207-1545-021

OMB: 1545-1591

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
18843
Migrated
ICR Details
1545-1591 200207-1545-021
Historical Active 200205-1545-001
TREAS/IRS
REG-251701-96 (Final) Electing Small Business Trusts
Extension without change of a currently approved collection   No
Regular
Approved without change 08/22/2002
Retrieve Notice of Action (NOA) 07/16/2002
  Inventory as of this Action Requested Previously Approved
09/30/2005 09/30/2005 11/30/2002
7,500 0 7,500
7,500 0 7,500
0 0 0

The regulations provide the rules for an electing small business trust (ESBT), which is a permited shareholder of an S corporation. With respect to the collections of information, the regulations provide the rules for making an ESBT election, and the rules for converting from a qualified subchapter S trust (QSST) to an ESBT and the conversion of an ESBT to a QSST. The regulations allow certain S corporations to reinstate their previous taxable year and was terminated under S 1.444-2T by filing Form 8716.

None
None


No

1
IC Title Form No. Form Name
REG-251701-96 (Final) Electing Small Business Trusts

  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 7,500 7,500 0 0 0 0
Annual Time Burden (Hours) 7,500 7,500 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
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.
07/16/2002


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