REG-209826-96 (NPRM) Application of the Grantor Trust Rules to Nonexempt Employees' Trusts

ICR 200807-1545-019

OMB: 1545-1498

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2008-07-18
Supporting Statement A
2008-07-18
IC Document Collections
ICR Details
1545-1498 200807-1545-019
Historical Active 200508-1545-020
TREAS/IRS CB-1498-019
REG-209826-96 (NPRM) Application of the Grantor Trust Rules to Nonexempt Employees' Trusts
Extension without change of a currently approved collection   No
Regular
Approved without change 11/10/2008
Retrieve Notice of Action (NOA) 10/03/2008
  Inventory as of this Action Requested Previously Approved
11/30/2011 36 Months From Approved 11/30/2008
1,000 0 1,000
1,000 0 1,000
0 0 0

The regulations provide rules for the application of the grantor trust rules to certain nonexempt employees' trusts. Taxpayers must indicate on a return that they are relying on a special rule to reduce the overfunded amount of the trust.

US Code: 26 USC 671 Name of Law: Trust income, deductions, and credits attributable to grantors and others as substantial owners
   US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return information
  
None

Not associated with rulemaking

  73 FR 27028 05/12/2008
73 FR 57407 10/02/2008
No

1
IC Title Form No. Form Name
REG-209826-96 (NPRM) Application of the Grantor Trust Rules to Nonexempt Employees' 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 1,000 1,000 0 0 0 0
Annual Time Burden (Hours) 1,000 1,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
James Quinn 202 622-3070

  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.
10/03/2008


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