Estimated Income Tax for Estates and Trusts

Forms and Documents

Document Name	Status
Form 1041-ES Estimated Income Tax for Estates and Trusts Form and Instruction	Modified
2010 Burden Form 1040ES.PDF Supplementary Document	2010-12-14
2010 Burden Form 1041ES(OTC)EX WKSHT.PDF Supplementary Document	2010-12-14
2010 Burden 1041ES PAY VOC.PDF Supplementary Document	2010-12-14
2010 Burden 1041ES OTC PAY VOC.PDF Supplementary Document	2010-12-14
SS FORM 1041-ES.doc Supporting Statement A	2010-12-10
ombat2.doc Supplementary Document	2007-10-03
OCR EX Wrkshtbrdn_indiv.pdf Justification for No Material/Nonsubstantive Change	2007-10-03

IC Document Collections

IC ID	Document Title	Status
17601	Estimated Income Tax for Estates and Trusts Form and Instruction	Modified

ICR Details

OMB Control No: 1545-0971	ICR Reference No: 201012-1545-018
Status: Historical Active	Previous ICR Reference No: 200710-1545-006
Agency/Subagency: TREAS/IRS	Agency Tracking No: jg-0971-018
Title: Estimated Income Tax for Estates and Trusts
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/06/2011
	Date Received in OIRA: 01/24/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	03/31/2014	36 Months From Approved	03/31/2011
Responses	2,400,110	0	2,400,110
Time Burden (Hours)	3,161,236	0	3,161,236
Cost Burden (Dollars)	0	0	0

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Abstract: Internal Revenue Code section 6654(1) imposes a penalty on trusts, and in certain circumstances, a decedent’s estate, for underpayment of estimated tax. Form 1041-ES is used by the fiduciary to make the estimated tax payments. For “first-time” filers, the form is available in an Over The Counter (OTC) version at IRS offices. For previous filers, the form is sent to them by the IRS with preprinted vouchers in the Optical Character Resolution (OCR) version.

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Authorizing Statute(s): US Code: 26 USC 6654 Name of Law: Failure by individual to pay estimated income tax
  

Citations for New Statutory Requirements: None

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

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 51876	08/23/2010
30-day Notice:	Federal Register Citation:	Citation Date:
	76 FR 2751	01/14/2011
Did the Agency receive public comments on this ICR? No

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

IC Title	Form No.	Form Name
Estimated Income Tax for Estates and Trusts	1041-ES, 1041-ES(PR)	Estimated Income Taxes for Estates and Trusts ,   Contibuciones Federales Estimadas del Trabajo por Cuenta Propla y sobre el Empoeo de Empleados Comesticos-Puerto Rico

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ICR Summary 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	2,400,110	2,400,110	0	0	0	0
Annual Time Burden (Hours)	3,161,236	3,161,236	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $1,171,354

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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: 01/24/2011

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