Proposed Collection; Comment Request for Form 4422 and Form 15056

• Published date: 10 February 2020
• Citation: 85 FR 7617
• Record Number: 2020-02591
• Section: Notices
• Court: Internal Revenue Service

Federal Register, Volume 85 Issue 27 (Monday, February 10, 2020)

[Federal Register Volume 85, Number 27 (Monday, February 10, 2020)]
                [Notices]
                [Pages 7617-7618]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2020-02591]
                -----------------------------------------------------------------------
                DEPARTMENT OF THE TREASURY
                Internal Revenue Service
                Proposed Collection; Comment Request for Form 4422 and Form 15056
                AGENCY: Internal Revenue Service (IRS), Treasury.
                ACTION: Notice and request for comments.
                -----------------------------------------------------------------------
                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
                information collections, as required by the Paperwork Reduction Act of
                1995. The IRS is soliciting comments concerning Form 4422, Application
                for Certificate Discharging Property Subject to Estate Tax Lien and
                Form 15056, Escrow Agreement for Estates.
                DATES: Written comments should be received on or before April 10, 2020
                to be assured of consideration.
                ADDRESSES: Direct all written comments to Dr. Philippe Thomas, Internal
                Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
                20224.
                FOR FURTHER INFORMATION CONTACT: Requests for additional information or
                copies of the forms and instructions should be directed to Sara
                Covington at Internal Revenue Service, Room 6526, 1111 Constitution
                Avenue NW, Washington, DC 20224, or through the internet at
                [email protected].
                SUPPLEMENTARY INFORMATION:
                 Titles: Form 4422--Application for Certificate Discharging Property
                Subject to Estate Tax Lien and Form 15056--Escrow Agreement for
                Estates.
                 OMB Number: 1545-0328.
                 Form Numbers: 4422 and 15056.
                 Abstract: Form 4422 is completed by either an executor,
                administrator, or other interested party for requesting release of any
                or all property of an estate from the Estate Tax Lien. Form 15056 is a
                contractual agreement between three parties (the IRS, taxpayer and
                escrow agent) to hold funds from property sales subject to the federal
                estate tax lien. The only information it requires is a quarterly
                statement reflecting the balance in the escrow account as proof that
                the funds are being held in accordance with the agreement.
                 Current Actions: There are changes in the paperwork burden
                previously approved by OMB, due to the reduction of filers, and the
                revision of form 4422. Also, form 15056 was added to this collection.
                 Type of Review: Revision of a currently approved collection.
                 Affected Public: Individuals or households, Business or other for-
                profit, Not-for-profit institutions, Farms, Federal Government, State,
                Local, or Tribal Gov't.
                 Estimated Number of Respondents: 2,500.
                 Estimated Time per Respondent: 30 minutes.
                 Estimated Total Annual Burden Hours: 1,250.
                 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
                [[Page 7618]]
                technology; and (e) estimates of capital or start-up costs and costs of
                operation, maintenance, and purchase of services to provide
                information.
                 Approved: February 3, 2020.
                Philippe Thomas,
                IRS Supervisory Tax Analyst.
                [FR Doc. 2020-02591 Filed 2-7-20; 8:45 am]
                 BILLING CODE 4830-01-P