[Federal Register Volume 79, Number 211 (Friday, October 31, 2014)]
[Notices]
[Pages 64886-64887]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-25956]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

October 28, 2014
    The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, Public Law 104-13, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before December 1, 2014 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimates, or any other 
aspect of the information collections, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
Treasury, New Executive Office Building, Room 10235, Washington, DC 
20503, or email at [email protected] and (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW., Suite 8141, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained by emailing [email protected], calling (202) 622-1295, or 
viewing the entire information collection request at www.reginfo.gov.

Internal Revenue Service (IRS)

    OMB Number: 1545-1902.
    Type of Review: Revision of a currently approved collection.
    Title: Qualified Severance of a Trust for Generation-Skipping 
Transfer (GST) Tax Purposes.
    Form: 706-GS(T).
    Abstract: Form 706-GS(T) is used by a trustee to figure and report 
the tax due from certain trust terminations that are subject to the 
generation-skipping transfer (GST) tax. Where Form 706-GS(T) is used, 
the filer should attach a Notice of Qualified Severance to the return 
that clearly identifies the trust that is being severed and the new 
trusts created as a result of the severance. The Notice must also 
provide the inclusion ratio of the trust that was severed and the 
inclusion ratios of the new trusts resulting from the severance. The 
information collected will be used by the IRS to identify the trusts 
being severed and the new trusts created upon severance.
    Affected Public: Individuals or households.

[[Page 64887]]

    Estimated Annual Burden Hours: 1,352.

Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2014-25956 Filed 10-30-14; 8:45 am]
BILLING CODE 4830-01-P