United States Estate (and Generation-Skipping Transfer) Tax Return

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 706 United States Estate (and Generation-Skipping Transfer) Tax Return	Form	Modified	Available
Form 706 United States Estate (and Generation-Skipping Transfer) Tax Return	Form	Modified	Repair queued
Form Sch R-1 Generation-Skipping Transfer Tax	Form	Modified	Available
Form Sch R-1 Schedule R-1 (Form 706) - Generation-Skipping Transfer Tax	Form	Modified	Repair queued
1545-0015 Supporting Statement.docx	Supporting Statement A	Uploaded 2023-04-21	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
39328	United States Estate (and Generation-Skipping Transfer) Tax Return	Form	Modified	United States Estate (and Generation-Skipping Transfer) Tax Return
39328	United States Estate (and Generation-Skipping Transfer) Tax Return	Form	Modified
39328	United States Estate (and Generation-Skipping Transfer) Tax Return	Instruction	Modified
259827	RIN 1545-BI11 Regulatory Requirements		New
194455	Schedule R-1 (Form 706) - Generation-Skipping Transfer Tax	Form	Modified	Generation-Skipping Transfer Tax
194455	Schedule R-1 (Form 706) - Generation-Skipping Transfer Tax	Form	Modified

ICR Details

OMB Control No: 1545-0015	ICR Reference No: 202304-1545-008
Status: Historical Inactive	Previous ICR Reference No: 202006-1545-005
Agency/Subagency: TREAS/IRS	Agency Tracking No: Ready for Treasury
Title: United States Estate (and Generation-Skipping Transfer) Tax Return
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 06/07/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 04/24/2023
Terms of Clearance: OIRA will review upon finalization of the rule.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2023	36 Months From Approved	02/29/2024
Responses	30,729	0	30,729
Time Burden (Hours)	1,121,903	0	1,121,903
Cost Burden (Dollars)	0	0	0

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Abstract: Form 706 is used by executors to report and compute the Federal Estate Tax imposed by IRC section 2001 and the Federal Generation Skipping Tax, imposed by IRC section 2601. IRS uses the information to enforce these taxes and to verify that the tax has been properly computed. Schedule R-1 (Form 706) serves as a payment voucher for the Generation-Skipping Transfer (GST) tax imposed on a direct skip from a trust, which the trustee of the trust, must pay. The regulations included in Regulation Identifier Number (RIN) 1545-BI11 require the filer to attach a statement or written appraisal document to Form 706 in support of deductions or claims against the estate allowed by IRC section 2503.

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Authorizing Statute(s): US Code: 26 USC 2001 Name of Law: Imposition and rate of tax
   US Code: 26 USC 2601 Name of Law: Tax imposed
   US Code: 26 USC 2603 Name of Law: Liability for tax
   US Code: 26 USC 2053 Name of Law: Expenses, Indebtedness, And Taxes
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1545-BI11	Proposed rulemaking	87 FR 38331	06/28/2022

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

table that charts list of burden

IC Title	Form No.	Form Name
RIN 1545-BI11 Regulatory Requirements
Schedule R-1 (Form 706) - Generation-Skipping Transfer Tax	Sch R-1	Generation-Skipping Transfer Tax
United States Estate (and Generation-Skipping Transfer) Tax Return	706	United States Estate (and Generation-Skipping Transfer) Tax Return

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

Burden Increase Due to: Changing Regulations

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

Burden Reduction Due to:

Short Statement: The change in burden for Form 706 is due to better estimates of the number of filers based on current filing data. This decreases the total burden by 16,462 responses and 604,813 hours annually due to Agency Estimate. The addition of the regulatory requirements in IRN 1545-BI11 increases the total burden by 11,042 responses and 23,661 hours annually due to Agency Discretion.

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Annual Cost to Federal Government: $116,559

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     Yes

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? No

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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: 04/24/2023

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