Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 8939 Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent	Form	Modified	Available
2011-76.pdf	Supplementary Document	Uploaded 2011-09-29	Available
2011-66.pdf	Supplementary Document	Uploaded 2011-09-29	Available
RP 2011-41.pdf	Supplementary Document	Uploaded 2011-09-29	Available
8939SS1 (2)[1].doc	Supporting Statement A	Uploaded 2012-04-24	Available
ombat1.doc	Supplementary Document	Uploaded 2010-12-03	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
195579	Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent	Form	Modified

ICR Details

OMB Control No: 1545-2203	ICR Reference No: 201204-1545-012
Status: Historical Active	Previous ICR Reference No: 201107-1545-020
Agency/Subagency: TREAS/IRS	Agency Tracking No: ah-2203-020
Title: Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent
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: 07/17/2012
	Date Received in OIRA: 04/30/2012
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	07/31/2015	36 Months From Approved	07/31/2012
Responses	48,000	0	48,000
Time Burden (Hours)	2,482,080	0	2,482,080
Cost Burden (Dollars)	0	0	0

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Abstract: 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.

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Authorizing Statute(s): 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
  

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:
	77 FR 4883	01/31/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 25230	04/27/2012
Did the Agency receive public comments on this ICR? No

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

table that charts list of burden

IC Title	Form No.	Form Name
Form 8939, Allocation of Increase in Basis for Property Acquired From a Decedent	8939	Allocation of Increase in Basis for Property Received from a Decedent

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ICR Summary of Burden

table that charts list 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	48,000	48,000	0	0	0	0
Annual Time Burden (Hours)	2,482,080	2,482,080	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: $3,476,502

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: 04/30/2012

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