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 - Generation-Skipping Transfer Tax (Form 706)	Form	Modified	Repair queued
1545-0015 Supporting Statement.docx	Supporting Statement A	Uploaded 2023-12-05	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
194455	Schedule R-1 - Generation-Skipping Transfer Tax (Form 706)	Form	Modified	Generation-Skipping Transfer Tax
194455	Schedule R-1 - Generation-Skipping Transfer Tax (Form 706)	Form	Modified

ICR Details

OMB Control No: 1545-0015	ICR Reference No: 202311-1545-008
Status: Historical Active	Previous ICR Reference No: 202006-1545-005
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: United States Estate (and Generation-Skipping Transfer) Tax 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: 02/08/2024
Retrieve Notice of Action (NOA)	Date Received in OIRA: 12/28/2023
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2027	36 Months From Approved	02/29/2024
Responses	14,267	0	30,729
Time Burden (Hours)	517,090	0	1,121,903
Cost Burden (Dollars)	0	0	0

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Abstract: Executors use Form 706 to report and compute the Federal Estate Tax imposed by Internal Revenue Code (IRC) section 2001 and the Federal Generation Skipping Tax, imposed by IRC section 2601. The 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.

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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
  

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 61670	09/07/2023
30-day Notice:	Federal Register Citation:	Citation Date:
	88 FR 89496	12/27/2023
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 2

table that charts list of burden

IC Title	Form No.	Form Name
Schedule R-1 - Generation-Skipping Transfer Tax (Form 706)	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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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	14,267	30,729	0	0	-16,462	0
Annual Time Burden (Hours)	517,090	1,121,903	0	0	-604,813	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: 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.

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Annual Cost to Federal Government: $111,747

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: 12/28/2023

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