U.S. Income Tax Return for Electing Alaska Native Settlement Trusts

ICR 200807-1545-016

OMB: 1545-1776

Federal Form Document

Forms and Documents
Document
Name
Status
Form
Modified
Supplementary Document
2008-07-18
Supplementary Document
2008-07-18
Supplementary Document
2008-07-18
Supplementary Document
2008-07-18
Supplementary Document
2008-07-18
Supporting Statement A
2008-07-18
IC Document Collections
ICR Details
1545-1776 200807-1545-016
Historical Active 200506-1545-005
TREAS/IRS ah-1776-016
U.S. Income Tax Return for Electing Alaska Native Settlement Trusts
Extension without change of a currently approved collection   No
Regular
Approved without change 10/08/2008
Retrieve Notice of Action (NOA) 08/29/2008
  Inventory as of this Action Requested Previously Approved
10/31/2011 36 Months From Approved 10/31/2008
20 0 20
680 0 680
0 0 0

An Alaska Native Settlement Trust (ANST) may elect under section 646 to have the special income tax treatment of that section apply to the trust and its beneficiaries. This one-time election is made by filing Form 1041-N and the form is used by the ANST to report its income, etc., and to compute and pay any income tax. Form 1041-N is also used for the special information reporting requirements that apply to ANST's.

US Code: 26 USC 646 Name of Law: Tax treatment of electing Alaska Native Settlement Trusts
  
None

Not associated with rulemaking

  73 FR 22007 04/23/2008
73 FR 50667 08/27/2008
No

1
IC Title Form No. Form Name
U.S. Income Tax Return for Electing Alaska Native Settlement Trusts 1041-N U.S. Income Tax Return for Electing Alaska Native Settlement 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 20 20 0 0 0 0
Annual Time Burden (Hours) 680 680 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$100
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Esther Woodworth 202 622-3090

  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.
08/29/2008


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