[Federal Register Volume 89, Number 64 (Tuesday, April 2, 2024)]
[Notices]
[Page 22777]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-06906]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 1041-A

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 general public 
and other Federal agencies to take this opportunity to comment on 
continuing information collections, as required by the Paperwork 
Reduction Act of 1995. The IRS is soliciting comments concerning U.S. 
information return-trust accumulation of charitable amounts.

DATES: Written comments should be received on or before June 3, 2024 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: 1545-0094, Form 1041-A (U.S. Information Return-
Trust Accumulation of Charitable Amounts), 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 LaNita Van 
Dyke, at (202) 317-3009, at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: U.S. Information Return-Trust Accumulation of Charitable 
Amounts.
    OMB Number: 1545-0094.
    Form Number: 1041-A.
    Abstract: Form 1041-A is used to report the information required in 
Internal Revenue Code section 6034 concerning accumulation and 
distribution of charitable amounts. Trusts claiming a contributions 
deduction under section 642(c) or split-interest trusts described in 
section 4947(a)(2) use Form 1041-A to report information required by 
section 6034.
    Current Actions: There are changes (reduction in filers) in the 
paperwork burden previously approved by OMB. The Tax Cuts and Jobs Act 
of 2017 (Pub. L. 115-97) amended section 641(c)(2). As a result, 
Electing Small Business Trusts (ESBTs)are no longer subject to the 
charitable information reporting requirements under section 6034 and do 
not file Form 1041-A. This form is being submitted for renewal purposes 
only.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit organizations, and 
individuals.
    Estimated Number of Respondents: 6,700.
    Estimated Time per Respondent: 36 hrs, 40 minutes.
    Estimated Total Annual Burden Hours: 245,622.
    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 technology; and (e) 
estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Approved: March 27, 2024.
Molly J. Stasko,
Senior Tax Analyst.
[FR Doc. 2024-06906 Filed 4-1-24; 8:45 am]
BILLING CODE 4830-01-P