Estimated Income Tax for Estates and Trusts

ICR 201012-1545-018

OMB: 1545-0971

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supplementary Document
2010-12-14
Supplementary Document
2010-12-14
Supplementary Document
2010-12-14
Supplementary Document
2010-12-14
Supporting Statement A
2010-12-10
Supplementary Document
2007-10-03
Justification for No Material/Nonsubstantive Change
2007-10-03
IC Document Collections
ICR Details
1545-0971 201012-1545-018
Historical Active 200710-1545-006
TREAS/IRS jg-0971-018
Estimated Income Tax for Estates and Trusts
Extension without change of a currently approved collection   No
Regular
Approved without change 03/06/2011
Retrieve Notice of Action (NOA) 01/24/2011
  Inventory as of this Action Requested Previously Approved
03/31/2014 36 Months From Approved 03/31/2011
2,400,110 0 2,400,110
3,161,236 0 3,161,236
0 0 0

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.

US Code: 26 USC 6654 Name of Law: Failure by individual to pay estimated income tax
  
None

Not associated with rulemaking

  75 FR 51876 08/23/2010
76 FR 2751 01/14/2011
No

  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
No
No

$1,171,354
No
No
No
No
No
Uncollected
Robert Lemonds 2029279906

  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.
01/24/2011


© 2024 OMB.report | Privacy Policy