Split-Interest Trust Information Return

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 5227 Split-Interest Trust Information Return	Form	Modified	Available
Cap Gain WK -brdn_busi.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2007-11-15	Available
OrdInDist -brdn_busi.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2007-11-15	Available
Form 5227 brdn_busi.pdf	Justification for No Material/Nonsubstantive Change	Uploaded 2007-11-15	Available
Summary of Changes.pdf	Supplementary Document	Uploaded 2007-11-15	Available
ss5227.wpd	Supporting Statement A	Uploaded 2006-10-18	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
39698	Split-Interest Trust Information Return	Instruction	Modified
39698	Split-Interest Trust Information Return	Form	Modified	Split-Interest Trust Information Return

ICR Details

OMB Control No: 1545-0196	ICR Reference No: 200711-1545-014
Status: Historical Active	Previous ICR Reference No: 200610-1545-026
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Split-Interest Trust Information Return
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/10/2008
Retrieve Notice of Action (NOA)	Date Received in OIRA: 12/31/2007
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2010	01/31/2010	01/31/2010
Responses	220,000	0	220,000
Time Burden (Hours)	14,482,600	0	10,051,150
Cost Burden (Dollars)	0	0	0

---

Abstract: The data reported is used to verify that the beneficiaries of a charitable remainder trust include the correct amounts in their tax returns, and that the split-interest trust is not subject to private foundation taxes.

---

Authorizing Statute(s): US Code: 26 USC 6034 Name of Law: Returns by trusts described in section 4947(a)(2) or claiming charitable deductions under section 64
  

Citations for New Statutory Requirements: None

---

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 44776	08/07/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 66365	11/14/2006
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Split-Interest Trust Information Return	5227	Split-Interest Trust Information Return

---

ICR Summary of Burden

table that charts list of burden

	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	220,000	220,000	0	0	0	0
Annual Time Burden (Hours)	14,482,600	10,051,150	0	4,431,450	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: These changes were made to incorporate the new filing requirements of ICR section 6034.

---

Annual Cost to Federal Government: $2,050

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

---

Common Form ICR:  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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 12/31/2007

---