T.D. 8743 - Sale of Residence From Qualified Personal Residence Trust

ICR 202101-1545-001

OMB: 1545-1485

Federal Form Document

Forms and Documents
Document
Name
Status
Supplementary Document
2021-02-04
Supporting Statement A
2021-03-22
IC Document Collections
ICR Details
1545-1485 202101-1545-001
Received in OIRA 201711-1545-042
TREAS/IRS
T.D. 8743 - Sale of Residence From Qualified Personal Residence Trust
Extension without change of a currently approved collection   No
Regular 03/30/2021
  Requested Previously Approved
36 Months From Approved 03/31/2021
300 300
625 625
0 0

This document contains previously approved final regulations permitting the reformation of a personal residence trust or a qualified personal residence trust in order to comply with the applicable requirements for such trusts. The final regulations also provide that the governing instruments of such trusts must prohibit the sale of a residence held in the trust to the grantor of the trust, the grantor's spouse, or an entity controlled by the grantor or the grantor's spouse.

US Code: 26 USC 2702(a)(3) Name of Law: Valuation rules. Exceptions.
  
None

Not associated with rulemaking

  85 FR 81284 12/15/2020
86 FR 16657 03/30/2021
No

1
IC Title Form No. Form Name
T.D. 8743 - Sale of Residence From Qualified Personal Residence Trust

  Total Request 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 300 300 0 0 0 0
Annual Time Burden (Hours) 625 625 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
No
Lane Damazo 202 317-6859

  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.
03/30/2021


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