[Federal Register Volume 87, Number 55 (Tuesday, March 22, 2022)]
[Notices]
[Page 16314]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-06010]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Extension of Information Collection Request Submitted 
for Public Comment; Comment Request for Form 1041-T

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 Form 1041-T, Allocation of Estimated Tax Payments to 
Beneficiaries (Under Code section 643(g)).

DATES: Written comments should be received on or before May 23, 2022 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Andr[eacute]s Garcia, 
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, 
Washington, DC 20224, or by email to [email protected]. Please include, 
``OMB Number: 1545-1020--Public Comment Request Notice'' in the Subject 
line.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Ronald J. 
Durbala, at (202) 317-5746, at Internal Revenue Service, Room 6526, 
1111 Constitution Avenue NW, Washington, DC 20224, or through the 
internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Allocation of Estimated Tax Payments to Beneficiaries (Under 
Code section 643(g)).
    OMB Number: 1545-1020.
    Project Number: Form 1041-T.
    Abstract: This form allows a trustee of a trust or an executor of 
an estimate to make an election under Internal Revenue Code section 
643(g) to allocate any payment of estimated tax to a beneficiary(ies). 
The IRS uses the information on the form to determine the correct 
amounts that are to be transferred from the fiduciary's account to the 
individual's account.
    Current Actions: Changes to comply with current tax laws and 
updates in the burden estimates will result in a burden increase of 725 
hours. This form is being submitted for renewal purposes only.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 2,381.
    Estimated Time per Respondent: 42 min.
    Estimated Total Annual Burden Hours: 1,715.
    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 Office of Management and Budget (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 information collection request (ICR) for OMB 
approval of the extension of the information collection; they will also 
become a matter of public record.

    Approved: March 16, 2022.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2022-06010 Filed 3-21-22; 8:45 am]
BILLING CODE 4830-01-P