Form 8939 - Allocation of Increase in Basis for Property Received from a Decedent

ICR 201104-1545-003

OMB: 1545-2203

Federal Form Document

ICR Details
1545-2203 201104-1545-003
Historical Active 201012-1545-002
TREAS/IRS
Form 8939 - Allocation of Increase in Basis for Property Received from a Decedent
Extension without change of a currently approved collection   No
Regular
Approved without change 07/26/2011
Retrieve Notice of Action (NOA) 06/23/2011
  Inventory as of this Action Requested Previously Approved
07/31/2014 36 Months From Approved 07/31/2011
188,000 0 188,000
1,725,090 0 1,725,090
0 0 0

Section 6018 of the Internal Revenue Code requires this return to be filed by an executor the fair market value of all property (other than cash) acquired from the decedent is more than $1.3 million; in the case of a decedent who was a nonresident not a citizen of the United States, the fair market value of tangible property situated in the United States and other property acquired from the decedent by a United States person is greater than $60,000; or appreciated property is acquired from the decedent that the decedent acquired by gift within three years of death and a gift tax return was required to be filed on the transfer to the decedent. Section 6018(e) also requires executors who must file Form 8939 to provide the same information to recipients of the property as the executor must provide to the IRS.

PL: Pub.L. 107 - 16 542(b)(1), 901 Name of Law: Economic Growth and Tax Relief Reconciliation Act of 2001
   US Code: 26 USC 6018 Name of Law: Returns relating to large transfers at death
  
None

Not associated with rulemaking

  76 FR 12416 03/07/2011
76 FR 36174 06/21/2011
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 188,000 188,000 0 0 0 0
Annual Time Burden (Hours) 1,725,090 1,725,090 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$3,476,502
No
No
No
No
No
Uncollected
Robert Chapman 2029279428

  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.
06/23/2011


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