Information Collection

Reporting of Payments by Acquirer in a Reportable Policy Sale

IC 234018 under ICR 202107-1545-013 · OMB 1545-2281.

⚠️ Notice: This information collection may be referencing outdated material. More recent filings for OMB 1545-2281 can be found here:

Documents and Forms

Documents and forms in this information collection
Document Name	Document Type
Form 1099-LS Reporting of Payments by Acquirer in a Reportable Policy Sale	Form
Instr for Form 1099-LS--2019-12-00.pdf	Instruction
Instr for Form 1099-LS--2019-12-00.pdf	Instruction
Instr for Form 1099-SB--2019-12-00.pdf	Instruction
Instr for Form 1099-SB--2019-12-00.pdf	Instruction
2021 General Instructions for Certain Information Returns.pdf	Other-PRA burden information
2021 General Instructions for Certain Information Returns.pdf	Other-PRA burden information
1099-LS Reportable Life Insurance Sale Form 1099-LS--2019-12-00.pdf	Form
1099-LS Reportable Life Insurance Sale Form 1099-LS--2019-12-00.pdf	Form
1099-SB Seller's Investment in Life Insurance Contract Form 1099-SB--2019-12-00.pdf	Form
1099-SB Seller's Investment in Life Insurance Contract Form 1099-SB--2019-12-00.pdf	Form
Notice 2018-41.pdf Notice 2018-41	IC Document
Notice 2018-41.pdf Notice 2018-41	IC Document
TD 9879 - 10-31-19.pdf TD 9879	IC Document
TD 9879 - 10-31-19.pdf TD 9879	IC Document

IC Title:

Reporting of Payments by Acquirer in a Reportable Policy Sale

Agency IC Tracking Number:

Is this a Common Form? No

IC Status: Modified

Obligation to Respond: Mandatory

CFR Citation: 26 CFR 1.6050Y-2

Information Collection Instruments:

table that charts list of instruments
Document Type	Form No.	Form Name	Instrument File	Available Electronically?	Can Be Submitted Electronically?	Electronic Capability
Form	1099-LS	Reportable Life Insurance Sale	Form 1099-LS--2019-12-00.pdf	Yes	Yes	Fillable Fileable
Instruction			Instr for Form 1099-LS--2019-12-00.pdf	Yes	No	Printable Only
Form	1099-SB	Seller's Investment in Life Insurance Contract	Form 1099-SB--2019-12-00.pdf	Yes	Yes	Fillable Fileable
Instruction			Instr for Form 1099-SB--2019-12-00.pdf	Yes	No	Printable Only
Other-PRA burden information			2021 General Instructions for Certain Information Returns.pdf	Yes	No	Printable Only

Line of Business: General Government

Subfunction: Taxation Management

Privacy Act System of Records

Title: IRS 24.046-Customer Account Data Engine Business Master File

FR Citation: 80 FR 54063

Number of Respondents: 6,000

Number of Respondents for Small Entity: 0

Affected Public: Private Sector

Private Sector: Businesses or other for-profits

Percentage of Respondents Reporting Electronically: 98 %

table that charts list of burden
	Approved	Previously Approved
Annual Number of Responses for this IC	6,000	6,000
Annual IC Time Burden (Hours)	720	720
Annual IC Cost Burden (Dollars)	0	0

Documents for IC

table that charts IC Documents
Title	Document	Date Uploaded
Notice 2018-41	Notice 2018-41.pdf	11/13/2018
TD 9879	TD 9879 - 10-31-19.pdf	07/19/2021

Blank fields in records indicate information that was not collected or not collected electronically prior to July 2006.