[Federal Register Volume 84, Number 207 (Friday, October 25, 2019)]
[Notices]
[Page 57551]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-23397]



[[Page 57551]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Extension of Information Collection Request Submitted 
for Public Comment; Comment Request on Requirements for Qualified 
Domestic Trusts

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 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. Currently, the IRS is soliciting comments 
concerning the collection of information related to the requirements to 
ensure collection of section 2056A estate tax.

DATES: Written comments should be received on or before December 24, 
2019 to be assured of consideration.

ADDRESSES: Direct all written comments to Philippe Thomas, Internal 
Revenue Service, Room 6529, 1111 Constitution Avenue NW, Washington, DC 
20224. Requests for additional information or copies of the regulations 
should be directed to R. Joseph Durbala, at Internal Revenue Service, 
Room 6129, 1111 Constitution Avenue NW, Washington, DC 20224, or 
through the internet, at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Requirements for qualified domestic trust.
    OMB Number: 1545-1443.
    Regulatory Number: TD 8686.
    Abstract: This document contains final regulations that provide 
guidance relating to the additional requirements necessary to ensure 
the collection of the estate tax imposed under section 2056A(b) with 
respect to taxable events involving qualified domestic trusts (QDOTs) 
described in section 2056A(a). In order to ensure collection of the 
tax, the regulation provides various security options that may be 
selected by the trust and the requirements associated with each option. 
In addition, under certain circumstances the trust is required to file 
an annual statement with the IRS disclosing the assets held by the 
trust.
    Current Actions: There is no change to the burden previously 
approved by OMB. This form is being submitted for renewal purposes 
only.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals and Households.
    Estimated Number of Respondents: 4,390.
    Estimated Time per Respondent: 1 hr., 23 mins.
    Estimated Total Annual Burden Hours: 6,070.
    The following paragraph applies to all 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 if 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.
    Desired Focus of Comments: The Internal Revenue Service (IRS) is 
particularly interested in comments that:
     Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
     Evaluate the accuracy of the agency's estimate of the 
burden of the proposed collection of information, including the 
validity of the methodology and assumptions used;
     Enhance the quality, utility, and clarity of the 
information to be collected; and
     Minimize the burden of the collection of information on 
those who are to respond, including using appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology, e.g., by permitting electronic 
submissions of responses.
    Comments submitted in response to this notice will be summarized 
and/or included in the ICR for OMB approval of the extension of the 
information collection; they will also become a matter of public 
record.

    Approved: October 18, 2019.
R. Joseph Durbala,
IRS Tax Analyst.
[FR Doc. 2019-23397 Filed 10-24-19; 8:45 am]
 BILLING CODE 4830-01-P