Requirements to Ensure Collection of Section 2056A Estate Tax - TD 8686 (Final)

ICR 201701-1545-015

OMB: 1545-1443

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2017-01-25
Supplementary Document
2013-09-17
IC Document Collections
ICR Details
1545-1443 201701-1545-015
Active 201309-1545-043
TREAS/IRS
Requirements to Ensure Collection of Section 2056A Estate Tax - TD 8686 (Final)
Extension without change of a currently approved collection   No
Regular
Approved without change 05/03/2017
Retrieve Notice of Action (NOA) 02/27/2017
  Inventory as of this Action Requested Previously Approved
05/31/2020 36 Months From Approved 05/31/2017
4,390 0 4,390
6,070 0 6,070
0 0 0

The regulation provides guidance relating to the additional requirements necessary to ensure the collection of the estate tax imposed under Section 2056A(b) with respect to taxable events involving qualified domestic trusts (QDOT'S). In order to ensure collection of the tax, the regulation provides various security options that may be selected by the trust and the requirements associated with each option. In addition, under certain circumstances the trust is required to file an annual statement with the IRS disclosing the assets held by the trust.

US Code: 44 USC 7805 Name of Law: Authorization
   US Code: 26 USC 2056 Name of Law: Qualified domestic trusts
  
None

Not associated with rulemaking

  81 FR 81241 11/17/2016
82 FR 12026 02/27/2017
No

1
IC Title Form No. Form Name
TD 8686 (Final) Requirements to Ensure Collection of Section 2050A Estate Tax (TD 8686).

  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 4,390 4,390 0 0 0 0
Annual Time Burden (Hours) 6,070 6,070 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Susan Levy 202 622-3090

  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.
02/27/2017


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