Excise Tax on Structured Settlement Factoring Transactions

ICR 201903-1545-018

OMB: 1545-1826

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
1545-1826 201903-1545-018
Active 201602-1545-010
Excise Tax on Structured Settlement Factoring Transactions
Extension without change of a currently approved collection   No
Approved without change 07/09/2019
Retrieve Notice of Action (NOA) 05/31/2019
  Inventory as of this Action Requested Previously Approved
07/31/2022 36 Months From Approved 07/31/2019
100 0 100
560 0 560
0 0 0

Form 8876 is used to report and pay the 40% excise tax imposed under section 5891 on the factoring discount of a structured settlement factoring transaction.

US Code: 26 USC 5891 Name of Law: Structured settlement factoring transactions

Not associated with rulemaking

  84 FR 3851 02/13/2019
84 FR 25122 05/30/2019

IC Title Form No. Form Name
Excise Tax on Structured Settlement Factoring Transactions Form 8876 Excise Tax on Structured Settlement Factoring Transactions

  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 100 100 0 0 0 0
Annual Time Burden (Hours) 560 560 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0

Marie Wright 240 613-5817


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).
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    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
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    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
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