Proposed Collection; Comment Request for [REG-106542-98] T.D. 9032

• Citation: 84 FR 64406
• Record Number: 2019-25242
• Published date: 21 November 2019
• Section: Notices
• Court: Internal Revenue Service,Treasury Department

Federal Register, Volume 84 Issue 225 (Thursday, November 21, 2019)

[Federal Register Volume 84, Number 225 (Thursday, November 21, 2019)]
                [Notices]
                [Pages 64406-64407]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2019-25242]
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                DEPARTMENT OF THE TREASURY
                Internal Revenue Service
                Proposed Collection; Comment Request for [REG-106542-98] T.D.
                9032
                AGENCY: Internal Revenue Service (IRS), Treasury.
                ACTION: Notice and request for comments.
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                SUMMARY: The Internal Revenue Service, as part of its continuing effort
                to reduce paperwork and respondent burden, invites the general public
                and other Federal agencies to take this opportunity to comment on
                proposed and/or continuing information collections, as required by the
                Paperwork Reduction Act of 1995.
                [[Page 64407]]
                Currently, the IRS is soliciting comments concerning REG-106542-98,
                T.D. 9032, Election to Treat Trust as Part of an Estate (Sec. 1.645-
                1).
                DATES: Written comments should be received on or before January 21,
                2020 to be assured of consideration.
                ADDRESSES: Direct all written comments to Dr. Philippe Thomas, Internal
                Revenue Service, Room 6526, 111 Constitution Avenue NW, Washington, DC
                20224.
                FOR FURTHER INFORMATION CONTACT: Requests for additional information or
                copies of this regulation should be directed to LaNita Van Dyke, at
                (202) 317-6009, at Internal Revenue Service, Room 6526, 1111
                Constitution Avenue NW, Washington, DC 20224, or through the internet,
                at [email protected].
                SUPPLEMENTARY INFORMATION:
                 Title: Election to Treat Trust as Part of an Estate.
                 OMB Number: 1545-1578.
                 Regulation Project Number: REG-106542-98, T.D. 9032
                 Abstract: This regulation describes the procedures and requirements
                for making an election to have certain revocable trusts treated and
                taxed as part of an estate. The Taxpayer Relief Act of 1997 added
                section 646 to the Internal Revenue Code to permit the election.
                 Current Actions: There are no changes being made to the regulation
                at this time.
                 Type of Review: Extension of a currently approved collection.
                 Affected Public: Individuals or households.
                 Estimated Number of Respondents: 10,000.
                 Estimated Time per Respondent: 30 minutes.
                 Estimated Total Annual Burden Hours: 5,000.
                 The following paragraph applies to all of the collections of
                information covered by this notice:
                 An agency may not conduct or sponsor, and a person is not required
                to respond to, a collection of information unless the collection of
                information displays a valid OMB control number. Books or records
                relating to a collection of information must be retained as long as
                their contents may become material in the administration of any
                internal revenue law. Generally, tax returns and tax return information
                are confidential, as required by 26 U.S.C. 6103.
                 Request for Comments: Comments submitted in response to this notice
                will be summarized and/or included in the request for OMB approval. All
                comments will become a matter of public record. Comments are invited
                on: (a) Whether the collection of information is necessary for the
                proper performance of the functions of the agency, including whether
                the information shall have practical utility; (b) the accuracy of the
                agency's estimate of the burden of the collection of information; (c)
                ways to enhance the quality, utility, and clarity of the information to
                be collected; (d) ways to minimize the burden of the collection of
                information on respondents, including through the use of automated
                collection techniques or other forms of information technology; and (e)
                estimates of capital or start-up costs and costs of operation,
                maintenance, and purchase of services to provide information.
                 Approved: November 14, 2019.
                Philippe Thomas,
                Senior IRS Supervisory Tax Analyst.
                [FR Doc. 2019-25242 Filed 11-20-19; 8:45 am]
                BILLING CODE 4830-01-P