Notice of Election of an Agreement to Special Lien Under Internal Revenue Code Section 6324A and Regulations

Forms and Documents

Document Name	Status
Form Form 13925 Form 13925, Notice of Election of and Agreement To Special Lien Under Internal Revenue Code Section 6324A and Regulations Form and Instruction	Modified
Supporting Statement.doc Supporting Statement A	2012-08-27
Expiration Explanation.rtf Supplementary Document	2008-03-25

IC Document Collections

IC ID	Document Title	Status
203861	Treasury Decision 7941--Special lien for estate taxes deferred under section 6166 or 6166A	New
184219	Form 13925, Notice of Election of and Agreement To Special Lien Under Internal Revenue Code Section 6324A and Regulations Form and Instruction	Modified

ICR Details

OMB Control No: 1545-2109	ICR Reference No: 201207-1545-009
Status: Historical Active	Previous ICR Reference No: 200903-1545-027
Agency/Subagency: TREAS/IRS	Agency Tracking No: EC-1545-2109-009
Title: Notice of Election of an Agreement to Special Lien Under Internal Revenue Code Section 6324A and Regulations
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/25/2012
	Date Received in OIRA: 08/31/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2015	36 Months From Approved	10/31/2012
Responses	510	0	500
Time Burden (Hours)	510	0	500
Cost Burden (Dollars)	0	0	0

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Abstract: TD 7941: Internal Revenue Code section 6324A permits the executor of a decedent's estate to elect a lien on section 6166 property in favor of the United States in lieu of a bond or personal liability if an election under section 6166 was made and the executor files an agreement under section 6324A(c). This regulation clarifies the procedures for complying with the statutory requirements. Form 13925: Under IRC section 6166, an estate may elect to pay the estate tax in installments over 14 years if certain conditions are met. If the IRS determines that the government's interest in collecting estate tax is sufficiently at risk, it may require the estate provide a bond. Alternatively, the executor may elect to provide a lien in lieu of bond. Under section 6324A(c) and the regulations there under (OMB 1545-0757), to make this election the executor must submit a lien agreement to the IRS. Form 13925 is a form lien agreement that executors may use for this purpose.

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Authorizing Statute(s): US Code: 26 USC 6166 Name of Law: Extension of time for payment of estate tax where estate consists largely of interest in closely hel
   US Code: 26 USC 6324A(c) Name of Law: Agreement
  

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 25785	05/01/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 52785	08/30/2012
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

IC Title	Form No.	Form Name
Treasury Decision 7941--Special lien for estate taxes deferred under section 6166 or 6166A
Form 13925, Notice of Election of and Agreement To Special Lien Under Internal Revenue Code Section 6324A and Regulations	Form 13925	Notice of Election and Agreement to Special Lien Under Internal Revenue Code Section 6324A and Regulations

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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	510	500	0	10	0	0
Annual Time Burden (Hours)	510	500	0	10	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: We are consolidating the information collection initiated by TD 7941 and the form (Form 13925) used to report the information. The total burden previously approved by OMB increased by 10 hours.

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Annual Cost to Federal Government: $0

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: 08/31/2012

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