Form 5227 - Split-Interest Trust Information Return

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form 5227 Split-Interest Trust Information Return	Form	Modified	Available
Form 5227 Form 5227 - Split-Interest Trust Information Return	Form	Modified	Repair queued
2023 Supporting Statement 1545-0196_LV.docx	Supporting Statement A	Uploaded 2023-05-25	Repair queued

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
39698	Form 5227 - Split-Interest Trust Information Return	Form	Modified	Split-Interest Trust Information Return
39698	Form 5227 - Split-Interest Trust Information Return	Form	Modified
39698	Form 5227 - Split-Interest Trust Information Return	Instruction	Modified
191738	Form 5227 - Cap Gains Worksheet	Other-Worksheet	Modified
191737	Form 5227 - Ordin. Income Distribution Worksheet	Other-Worksheet	Modified

ICR Details

OMB Control No: 1545-0196	ICR Reference No: 202305-1545-005
Status: Historical Active	Previous ICR Reference No: 202001-1545-026
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Form 5227 - Split-Interest Trust Information Return
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/15/2023
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/29/2023
Terms of Clearance: OMB understands that the IRS is currently in the process of revising the methodology it uses to estimate burden and costs. OMB expects that future ICRs under this OMB control number will include dollar estimates of annual burden costs to taxpayers calculated using this revised methodology.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2026	36 Months From Approved	08/31/2023
Responses	199,900	0	199,900
Time Burden (Hours)	9,076,744	0	9,076,744
Cost Burden (Dollars)	0	0	0

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Abstract: The data reported is used to verify that the beneficiaries of a charitable remainder trust include the correct amounts in their tax returns, and that the split-interest trust is not subject to private foundation taxes.

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Authorizing Statute(s): US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return information
   US Code: 26 USC 642 Name of Law: Special rules for credits and deductions
   US Code: 26 USC 6012 Name of Law: Persons required to make returns of income
   US Code: 26 USC 664 Name of Law: Charitable remainder trusts
   US Code: 26 USC 1411 Name of Law: Imposition of Tax
   US Code: 26 USC 4947 Name of Law: Application of taxes to certain nonexempt trusts
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 4077	01/23/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 42003	06/28/2023
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
Form 5227 - Cap Gains Worksheet
Form 5227 - Ordin. Income Distribution Worksheet
Form 5227 - Split-Interest Trust Information Return	5227	Split-Interest Trust Information Return

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ICR Summary of Burden

table that charts list of burden

	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	199,900	199,900	0	0	0	0
Annual Time Burden (Hours)	9,076,744	9,076,744	0	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $135,908

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: 06/29/2023

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