[Federal Register Volume 85, Number 83 (Wednesday, April 29, 2020)]
[Notices]
[Page 23886]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-09067]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Split-Interest Trust Information Return

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: 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, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before May 29, 2020 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Molly Stasko by emailing [email protected], calling (202) 
622-8922, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 

Internal Revenue Services (IRS)

    Title: Split-Interest Trust Information Return.
    OMB Control Number: 1545-0196.
    Type of Review: Revision of a currently approved collection.
    Description: Form 5227 is used to report the financial activities 
of a split-interest trust described in Internal Revenue Code section 
4947(a)(2), and to determine whether the trust is treated as a private 
foundation and is subject to the excise taxes under Chapter 42 of the 
Code.
    Form: 5227.
    Affected Public: Business or other for-profits.
    Estimated Number of Respondents: 199,900.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 199,900.
    Estimated Time per Response: 45 hours, 24 minutes.
    Estimated Total Annual Burden Hours: 9,076,744 hours.

    (Authority: 44 U.S.C. 3501 et seq.)

    Dated: April 23, 2020.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2020-09067 Filed 4-28-20; 8:45 am]
BILLING CODE 4830-01-P