[Federal Register Volume 89, Number 175 (Tuesday, September 10, 2024)] [Notices] [Pages 73501-73507] From the Federal Register Online via the Government Publishing Office [www.gpo.gov] [FR Doc No: 2024-20407] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Trust and Estate Income Tax Returns and Related Forms AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. ----------------------------------------------------------------------- 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995 (PRA). The IRS is soliciting comments on Trust and Estate Income Tax Returns and Related Forms. DATES: Written comments should be received on or before November 12, 2024 to be assured of consideration. ADDRESSES: Direct all written comments to Andres Garcia, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or by email [email protected]. Include 1545-0092 or Trust and Estate Income Tax Returns and Related Forms in the subject line. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Jason Schoonmaker at (801) 620-2128, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet, at [email protected]. SUPPLEMENTARY INFORMATION: Change in PRA Approval of Forms Used by Trusts and Estates Under the PRA, OMB assigns a control number to each ``collection of information'' that it reviews and approves for use by an agency. A single information collection may consist of one or more forms, recordkeeping requirements, and/or third-party disclosure requirements. Under the PRA and OMB regulations, agencies have the discretion to seek separate OMB approvals for forms, recordkeeping requirements, and third-party reporting requirements or to combine any number of forms, recordkeeping requirements, and/or third-party disclosure requirements (usually related in subject matter) under one OMB Control Number. Agency decisions on whether to group individual requirements under a single OMB Control Number or to disaggregate them and request separate OMB Control Numbers are based largely on considerations of administrative practicality. The PRA also requires agencies to estimate the burden for each collection of information. Accordingly, each OMB Control Number has an associated burden estimate. The burden estimates for each control number are displayed in (1) the PRA notices that accompany collections of information, (2) Federal Register notices such as this one, and (3) in OMB's database of approved information collections. If more than one form, recordkeeping requirement, and/or third-party disclosure requirement is approved under a single control number, then the burden estimate for that control number reflects the burden associated with all of the approved forms, recordkeeping requirements, and/or third- party disclosure requirements. As described below under the heading ``Updated Burden Estimate Methodology,'' the IRS's currently accepted burden estimate methodology, referred to as the IRS Taxpayer Burden Model, is based on taxpayers' tax reporting experience taking into account, among other things, the forms and schedules used by those taxpayers and the recordkeeping and other activities needed to complete those forms. The transition of the trust and estate income tax reporting burden represents the IRS's continued effort to improve the ability of IRS to measure the burden imposed on various groups of taxpayers by the federal tax system. While the improved methodology provides a more accurate and comprehensive description of the trust and estate income tax reporting burden, it will not provide burden estimates on a form- by-form basis, as has been done under the previous methodology. When the prior model, known as the legacy Arthur D. Little (ADL) model was developed in the mid-1980s, almost all tax returns were prepared manually, either by the taxpayer or a paid provider. In this context, it was determined that estimating burden on a form-by-form, line-by- line basis was an appropriate methodology. Trust and estate income tax returns are increasingly being prepared using software or with preparer assistance. In this current reporting environment, in which many taxpayers' activities are no longer as directly associated with particular forms, estimating burden on a form-by-form basis is not an appropriate method of estimating taxpayer burden. The IRS Taxpayer Burden Model, which takes into account broader and more comprehensive taxpayer characteristics and activities, provides a much more accurate and useful estimate of taxpayer burden. Currently, there are 152 forms and 27 regulations used by trust and estates pertaining to their income tax reporting [[Page 73502]] requirements. These include Forms 1041, 1041 A, 1041 ES, 1041 ES (OCR), 1041 N, 1041 QFT, 1041 SCH D, 1041 SCH I, 1041 SCH J, 1041 SCH K-1, 1041 T, 1041 V, 172, 461, 926, 965 A, 982, 1040 SCH C, 1040 SCH E, 1040 SCH F, 1040 SCH H, 1045, 1065 SCH D, 1065 SCH K-2, 1116, 1116 SCH B, 1116 SCH C, 2210, 2210 F, 2439, 3115, 3468, 3800, 4136, 4255, 4562, 4684, 4797, 4952, 4970, 4972, 5227, 5329, 5471, 5471 SCH E, 5471 SCH G1, 5471 SCH H, 5471 SCH I1, 5471 SCH J, 5471 SCH M, 5471 SCH O, 5471 SCH P, 5471 SCH Q, 5471 SCH R, 5713, 5713 SCH B, 5713 SCH C, 5884, 5884 A, 6198, 6252, 6478, 6765, 6781, 7205, 7207, 7210, 7211, 7213, 7217, 7218, 8082, 8275, 8275 R, 8453 FE, 8582, 8582 CR, 8586, 8594, 8609 A, 8611, 8621, 8697, 8801, 8820, 8824, 8825, 8826, 8829, 8830, 8833, 8835, 8844, 8845, 8846, 8855, 8858, 8858 SCH M, 8864, 8865, 8865 SCH G, 8865 SCH H, 8865 SCH K-1, 8865 SCH K-2, 8865 SCH K-3, 8865 SCH O, 8865 SCH P, 8866, 8873, 8879 F, 8881, 8882, 8886, 8896, 8903, 8904, 8908, 8910, 8911, 8911 SCH A, 8912, 8918, 8932, 8933, 8933 SCH A, 8933 SCH B, 8933 SCH C, 8933 SCH D, 8933 SCH E, 8933 SCH F, 8936, 8938, 8941, 8949, 8960, 8978, 8978 SCH A, 8990, 8992, 8992 SCH A, 8994, 8995, 8995 A, 8995 A SCH A, 8995 A SCH B, 8995 A SCH C, 8995 A SCH D, 8997, 8582-CR, 8609-A, T, and their schedules (see the Appendix to this notice). For most of these forms, IRS has in the past obtained separate OMB approvals under unique OMB Control Numbers and separate burden estimates. The IRS Taxpayer Burden Model methodology estimates the aggregate burden imposed on trusts and estates, based upon their reporting- related characteristics and activities. IRS therefore will seek OMB approval of all 152 trust and estate income tax forms as a single ``collection of information.'' The aggregate burden of these tax forms will be accounted for under OMB Control Number 1545-0092, which is currently assigned to Form 1041. OMB Control Number 1545-0092 will be displayed on all trust and estate income tax forms and related information collections. As a result of this change, burden estimates for trust and estate income taxes will now be displayed differently in PRA Notices on tax forms and other information collections, and in Federal Register notices. This new way of displaying burden is presented below under the heading ``Proposed PRA Submission to OMB.'' Updated Burden Estimate Methodology The IRS Taxpayer Burden Model methodology revises the estimates of the levels of burden experienced by trusts and estates when complying with their federal reporting requirements pertaining to income taxes. It replaces the legacy ADL model methodology developed in the mid- 1980s. Since that time, improved technology and modeling sophistication have enabled the IRS to improve the burden estimates. The IRS Taxpayer Burden Model methodology provides taxpayers and the IRS with a more comprehensive understanding of the current levels of taxpayer burden. It reflects major changes over the past two decades in the way taxpayers prepare and file their returns. The IRS Taxpayer Burden Model methodology also represents a substantial step forward in the IRS's ability to assess likely impacts of administrative and legislative changes on trusts and estates. The IRS Taxpayer Burden Model methodology focuses on the characteristics and activities of trusts and estates rather than solely focusing on the forms they file. Key determinants of taxpayer burden in the model are the type of trust or estate, the number of beneficiaries, level of the trust or estate's income, and the complexity of the trust or estate's income generated from assets and investments. Indicators of tax law and administrative complexity, as reflected in the tax forms and instructions, are incorporated into the model. Tax compliance burden does not include a taxpayer's tax liability, economic inefficiencies caused by sub-optimal choices related to tax deductions or credits, or psychological costs. The legacy ADL model methodology primarily focused on the number of line items of each tax form. The changes between the old and new burden estimates are due to the improved ability of the IRS Taxpayer Burden Model methodology to measure burden and the expanded scope of what is measured. These changes create a one-time shift in the estimate of imposed burden. It is important to note that the difference between the legacy ADL estimate and the IRS Taxpayer Burden Model estimate do not reflect any change in the actual burden imposed by taxpayers. Methodology Burden is defined as the time and out-of-pocket costs incurred by taxpayers to comply with their federal tax reporting responsibilities. As has been done for individual taxpayer burden since 2005, business entity burden since 2014, tax-exempt organization burden since 2018, and employer taxpayer burden since 2023, both the time expended and the out-of-pocket costs for trusts and estates are estimated. The IRS Taxpayer Burden Model methodology relies on surveys that gather data about time and out-of-pocket costs that trusts and estates spend on pre-filing and filing activities. The methodology establishes econometric relationships between tax return characteristics and reported compliance costs. The methodology controls for the substitution of time and money by monetizing time and reporting total compliance costs in dollars. This methodology better reflects taxpayer compliance burden, because in a world of electronic tax preparation, time and out-of-pocket costs are governed by the information required rather than the form on which it is ultimately reported. Importantly, even where various trusts and estates complete the same tax form lines, the new methodology differentiates the cost incurred to complete those forms based on characteristics of those trusts and estates. Key characteristics that serve as coefficients in the trust and estates reporting burden model are:Type of trust or estate Level of income Complexity of income and deductions Number of beneficiaries The IRS Taxpayer Burden Model methodology is based on survey data collected using the following stratification for trusts and estates: Form 1041 Strata ------------------------------------------------------------------------ Fiduciary code Income level ------------------------------------------------------------------------ 1 = Estate............................................ <$5 5-999 1,000-4,999 5,000-24,999 25,000-74,999 75,000-149,999 >=150,000 2 = Simple Trust...................................... <5 5-999 1,000-4,999 5,000-24,999 25,000-74,999 75,000-149,999 >=150,000 3 = Complex Trust..................................... <5 5-999 1,000-4,999 5,000-24,999 25,000-74,999 75,000-149,999 >=150,000 4 = Nontaxable Grantor Trust.......................... Any 5 = Bankruptcy Trust Ch. 7............................ Any 6 = Bankruptcy Trust Ch. 11........................... Any 8 = Qualified Dividend Trust.......................... <5 >=5 9 = Pooled Investment Funds........................... <5 >=5 ------------------------------------------------------------------------ Source: IRS:RAAS:KDA (08-23-2024). Proposed PRA Submission to OMB Title: Trust and Estate Income Tax Returns and related Forms. OMB Number: 1545-0092. Form Numbers: 1041, 1041 A, 1041 ES, 1041 ES (OCR), 1041 N, 1041 QFT, [[Page 73503]] 1041 SCH D, 1041 SCH I, 1041 SCH J, 1041 SCH K-1, 1041 T, 1041 V, 172, 461, 926, 965 A, 982, 1040 SCH C, 1040 SCH E, 1040 SCH F, 1040 SCH H, 1045, 1065 SCH D, 1065 SCH K-2, 1116, 1116 SCH B, 1116 SCH C, 2210, 2210 F, 2439, 3115, 3468, 3800, 4136, 4255, 4562, 4684, 4797, 4952, 4970, 4972, 5227, 5329, 5471, 5471 SCH E, 5471 SCH G1, 5471 SCH H, 5471 SCH I1, 5471 SCH J, 5471 SCH M, 5471 SCH O, 5471 SCH P, 5471 SCH Q, 5471 SCH R, 5713, 5713 SCH B, 5713 SCH C, 5884, 5884 A, 6198, 6252, 6478, 6765, 6781, 7205, 7207, 7210, 7211, 7213, 7217, 7218, 8082, 8275, 8275 R, 8453 FE, 8582, 8582 CR, 8586, 8594, 8609 A, 8611, 8621, 8697, 8801, 8820, 8824, 8825, 8826, 8829, 8830, 8833, 8835, 8844, 8845, 8846, 8855, 8858, 8858 SCH M, 8864, 8865, 8865 SCH G, 8865 SCH H, 8865 SCH K- 1, 8865 SCH K-2, 8865 SCH K-3, 8865 SCH O, 8865 SCH P, 8866, 8873, 8879 F, 8881, 8882, 8886, 8896, 8903, 8904, 8908, 8910, 8911, 8911 SCH A, 8912, 8918, 8932, 8933, 8933 SCH A, 8933 SCH B, 8933 SCH C, 8933 SCH D, 8933 SCH E, 8933 SCH F, 8936, 8938, 8941, 8949, 8960, 8978, 8978 SCH A, 8990, 8992, 8992 SCH A, 8994, 8995, 8995 A, 8995 A SCH A, 8995 A SCH B, 8995 A SCH C, 8995 A SCH D, 8997, 8582-CR, 8609-A, T, and associated schedules. Abstract: These forms are used by trusts and estates to comply with their income tax reporting requirement. The data is used to verify that the items reported on the forms are correct. Current Actions: The burden estimation methodology for trust and estate tax is being transitioned from the legacy Arthur D. Little (ADL) methodology to the IRS Taxpayer Burden Model. The changes discussed above result in a burden hour estimate of 69,000,000 hours, a decrease in total estimated time burden of 327,470,339 hours. The newly reported total out-of-pocket costs is $6,124,000,000 and total monetized burden is $11,164,000,000. The change related to the transition of the burden estimate from the legacy adl model methodology to the IRS Taxpayer Burden Model, is a one-time change. In addition, changes are being made to the forms to be current with enacted legislation. Type of Review: Revision of currently approved collections. Affected Public: Trusts and Estates. Estimated Number of Respondents: 3,070,000. Estimated Time per Respondent (Hours): 22 hours, 29 minutes. Estimated Total Annual Time (Hours): 69,000,000 hours. Estimated Total Annual Monetized Time ($): 5,040,000,000. Estimated Annual Monetized Time per Respondent ($): 1,642. Estimated Total Out-of-Pocket Costs ($): 6,124,000,000. Estimated Out-of-Pocket Cost per Respondent ($): 1,995. Estimated Total Monetized Burden ($): 11,164,000,000. Estimated Monetized Burden per Respondent ($): 3,637. Note: Total Monetized Burden = Total Out-of-Pocket Costs + Total Annual Monetized Time. Fiscal Year (FY) 2025 Burden Total Estimates for Trust and Estate Income Tax Forms, Schedules, and Regulations [FY25] ---------------------------------------------------------------------------------------------------------------- Program Program Program change due change due change FY23 to 24 to adjustment to new due to FY 25 legislation agency ---------------------------------------------------------------------------------------------------------------- Number of Respondents......... * 19,120,534 (16,050,534) 0 0 ** 3,070,000 Burden in Hours............... 396,470,339 (327,470,339) 0 0 69,000,000 Monetized time Burden......... $0 $5,040,000,000 $0 $0 $5,040,000,000 Out-of-Pocket Costs........... $0 $6,124,000,000 $0 $0 $6,124,000,000 Total Monetized Burden ***.... $0 $11,164,000,000 $0 $0 $11,164,000,000 ---------------------------------------------------------------------------------------------------------------- Source: IRS:RAAS:KDA (07-08-2024). * FY23 responses per year is a count of all forms and schedules filed under legacy ADL Model methodology. ** FY25 responses per year is a count of all taxpayers under the IRS Taxpayer Burden Model methodology. This approach is also used for OMB 1545-0074 (individuals), 1545-0123 (business entities), 1545-0029 (employment tax), and 1545-0047 (tax-exempt organizations). *** Total monetized burden = Total Out-of-Pocket Costs + Total Annual Monetized Time Note: Reported time and cost burdens are national averages and do not necessarily reflect a ``typical case.'' Most taxpayers experience lower than average burden, with taxpayer burden varying considerably by taxpayer type. Detail may not add due to rounding. The following additional breakouts of average burden are provided for transparency in understanding the average estimated burden experienced by taxpayers. Table 1 shows the average burden by filers of Form 1041. Table 2 shows the average burden by total income. Table 3 shows the average burden by the number of K-1s attached to the Form 1041. Table 1--FY2025 Average Burden Projections by Entity Type ---------------------------------------------------------------------------------------------------------------- Percent of Average Entity type filed Form Average time Average out-of- monetized 1041 ** (hrs.) pocket costs burden ---------------------------------------------------------------------------------------------------------------- Simple Trust................................... 18 19 $1,400 $2,900 Complex Trust *................................ 55 22 2,000 3,800 Decedent Estate................................ 10 46 4,100 7,100 Grantor Trust.................................. 16 12 1,500 1,900 Qualified Disability Trust..................... 1 19 800 1,900 Pooled Income Fund............................. <1 27 2,000 2,900 ---------------------------------------------------------------------------------------------------------------- Source: IRS:RAAS:KDA (07-08-2024). * The category of Complex Trusts includes Chapter 7 and Chapter 11 Bankruptcy Estates. ** Percentages based on Tax Year 2022 filings. [[Page 73504]] Table 2--FY2025 Average Burden Projections by Total Income * ---------------------------------------------------------------------------------------------------------------- Average Total Income Average time Average out-of- monetized (hrs.) pocket costs burden ---------------------------------------------------------------------------------------------------------------- Table 2A--Simple Trusts ---------------------------------------------------------------------------------------------------------------- 1. <$1......................................................... 19 $800 $1,700 2. $1 to $5,000................................................ 19 900 1,800 3. $5,001 to $10,000........................................... 18 1,100 2,300 4. $10,001 to $50,000.......................................... 17 1,400 2,900 5. >$50,000.................................................... 25 2,700 5,600 ---------------------------------------------------------------------------------------------------------------- Table 2B--Complex Trusts, Qualified Disability Trusts, Pooled Income Funds, Chapter 7 and 11 Bankruptcy Estates ---------------------------------------------------------------------------------------------------------------- 1. <$1......................................................... 19 900 1,700 2. $1 to $5,000................................................ 19 1,000 1,900 3. $5,001 to $10,000........................................... 18 1,300 2,500 4. $10,001 to $50,000.......................................... 18 1,800 3,400 5. >$50,000.................................................... 40 5,200 10,000 ---------------------------------------------------------------------------------------------------------------- Table 2C--Decedent Estates ---------------------------------------------------------------------------------------------------------------- 1. <$1......................................................... 38 2,800 4,800 2. $1 to $5,000................................................ 48 3,100 5,300 3. $5,001 to $10,000........................................... 52 3,900 6,800 4. $10,001 to $50,000.......................................... 49 5,100 8,900 5. >$50,000.................................................... 52 8,100 14,100 ---------------------------------------------------------------------------------------------------------------- Source: IRS:RAAS:KDA (07-08-2024). * Grantor trusts are not reflected in this table because income from a grantor trust is generally reported on the grantor's tax return. Table 3--FY2025 Average Burden Projections by Number of K-1s Attached * ---------------------------------------------------------------------------------------------------------------- Average Number of K-1s Average time Average out-of- monetized (hrs.) pocket costs burden ---------------------------------------------------------------------------------------------------------------- Table 3A--Simple Trusts ---------------------------------------------------------------------------------------------------------------- 0.............................................................. 16 $900 $1,900 1-5............................................................ 19 1,400 2,900 6-10........................................................... 33 2,600 5,500 >10............................................................ 47 5,000 10,400 ---------------------------------------------------------------------------------------------------------------- Table 3B--Complex Trusts, Qualified Disability Trusts, Pooled Income Funds, Ch. 7 and 11 Bankruptcy Estates ---------------------------------------------------------------------------------------------------------------- 0.............................................................. 19 1,300 2,500 1-5............................................................ 23 2,300 4,400 6-10........................................................... 39 4,200 8,100 >10............................................................ 60 7,700 14,600 ---------------------------------------------------------------------------------------------------------------- Table 3C--Decedent Estates ---------------------------------------------------------------------------------------------------------------- 0.............................................................. 41 3,200 5,600 1-5............................................................ 49 4,700 8,200 6-10........................................................... 57 6,600 11,400 >10............................................................ 68 9,000 15,700 ---------------------------------------------------------------------------------------------------------------- Source: IRS:RAAS:KDA (07-08-2024). * Grantor trusts are not reflected in this table because they do not use Schedule K-1s. See Instructions to Form 1041, https://www.irs.gov/instructions/i1041. 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 will 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: September 5, 2024. Jason M. Schoonmaker, Tax Analyst. Appendix A [[Page 73505]] ------------------------------------------------------------------------ Form Title/description OMB No. ------------------------------------------------------------------------ 1041......................... U.S. Income Tax Return for 1545-0092 Estates and Trusts. 1041-A....................... U.S. Information Return 1545-0094 Trust Accumulation of Charitable Amounts. 1041-ES...................... Estimated Tax for Estates 1545-0971 and Trusts. 1041-ES (OCR)................ Estimated Tax Vouchers 1545-0971 Package 1041ES (OCR) 2017. 1041-N....................... U.S. Income Tax Return for 1545-1776 Electing Alaska Native Settlement. 1041-QFT..................... U.S. Income Tax Return for 1545-1593 Qualified Funeral Trusts. 1041-SCH D................... Capital Gains and Losses.... 1545-0092 1041 SCH I................... Alternative Minimum Tax- 1545-0092 Estates and Trusts. 1041 SCH J................... Accumulation Distribution 1545-0092 for Certain Complex Trusts. 1041 SCH K-1................. Beneficiary's Share of 1545-0092 Income, Deductions, Credits, etc. 1041-T....................... Allocation of Estimated Tax 1545-1020 Payments to Beneficiaries (Under Code section 643(g)). 1041-V....................... Payment Voucher............. 1545-0092 5227......................... Split-Interest Trust 1545-0196 Information Return. 172.......................... Net Operating Losses (NOLs) 1545-0074 for Individuals, Estates, and Trusts. 461.......................... Limitation on Business 1545-2283 Losses. 926.......................... Return by a U.S. Transferor 1545-0026 of Property to a Foreign Corporation. 965-A........................ Form 965-A, Individual 1545-0074 Report of Net 965 Tax Liability. 982.......................... Reduction of Tax Attributes 1545-0046 Due to Discharge of Indebtedness (And Section 1082 Basis Adjustment). 1040 SCH C................... Profit or Loss from Business 1545-0074 (Sole Proprietorship). 1040 SCH E................... Supplemental Income and Loss 1545-0074 1040 SCH F................... Profit or Loss from Farming. 1545-0074 1040 SCH H................... Household Employment Taxes.. 1545-0074 1045......................... Application for Tentative 1545-0098 Refund. 1065 SCH D................... Capital Gains and Losses.... 1545-0123 1065 SCH K-2................. Partners Distributive Share 1545-0123 Items--International. 1116......................... Foreign Tax Credit.......... 1545-0121 1116 SCH B................... Foreign Tax Credit.......... 1545-0121 1116 SCH C................... Foreign Tax Credit.......... 1545-0121 2210......................... Underpayment of Estimated 1545-0140 Tax by Individuals, Estates and Trusts. 2210-F....................... Underpayment of Estimated 1545-0140 Tax by Farmers and Fisherman. 2439......................... Notice to Shareholder of 1545-0123 Undistributed Long-Term Capital Gains. 3115......................... Application for Change in 1545-2070 Accounting Method. 3468......................... Investment Credit........... 1545-0074 3800......................... General Business Credit..... 1545-0895 4136......................... Credit for Federal Tax Paid 1545-0162 on Fuels. 4255......................... Recapture of Investment 1545-0166 Credit. 4562......................... Depreciation and 1545-0172 Amortization (Including Information on Listed Property). 4684......................... Casualties and Thefts....... 1545-0177 4797......................... Sales of Business Property.. 1545-0184 4952......................... Investment Interest Expense 1545-0191 Deduction. 4970......................... Tax on Accumulation 1545-0192 Distribution of Trusts. 4972......................... Tax on Lump-Sum 1545-0193 Distributions. 5227......................... Split-Interest Trust 1545-0196 Information Return. 5329......................... Additional Taxes on 1545-0123 Qualified Plans (Including IRAs) and Other Tax-Favored Accounts. 5471......................... Information Return of U.S. 1545-0123 Persons With Respect to Certain Foreign Corporations. 5471 SCH E................... Income, War Profits, and 1545-0123 Excess Profits Taxes Paid or Accrued. 5471 SCH G1.................. Cost Sharing Arrangement.... 1545-0123 5471 SCH H................... Current Earnings and Profits 1545-0123 5471 SCH I1.................. Information for Global 1545-0123 Intangible Low-Taxed Income. 5471 SCH J................... Accumulated Earnings and 1545-0123 Profits (E&P) of Controlled Foreign Corporation. 5471 SCH M................... Transactions Between 1545-0123 Controlled Foreign Corporation and Shareholders or Other Related Persons. 5471 SCH O................... Organization or 1545-0123 Reorganization of Foreign Corporation and Acquisitions and Dispositions of its Stock. 5471 SCH P................... Previously Taxed Earnings 1545-0123 and Profits of U.S. Shareholder of Certain Foreign Corporations. 5471 SCH Q................... CFC Income by CFC Income 1545-0123 Groups. 5471 SCH R................... Form 5471 Schedule R........ 1545-0123 5713......................... International Boycott Report 1545-0216 5713 SCH B................... Specifically Attributable 1545-0216 Taxes and Income (Section 999(c)(2)). 5713 SCH C................... Tax Effect of The 1545-0216 International Boycott Provisions. 5884......................... Work Opportunity Credit..... 1545-0219 5884-A....................... Employee Retention Credit 1545-1978 for Employers Affected by Qualified Disasters. 6198......................... At-Risk Limitations......... 1545-0712 6252......................... Installment Sale Income..... 1545-0228 6478......................... Biofuel Producer Credit..... 1545-0231 6765......................... Credit for Increasing 1545-0619 Research Activities. 6781......................... Gains and Losses from 1545-0644 Section 1256 Contracts and Straddles. 7205......................... Energy Efficient Commercial 1545-2004 Buildings Deduction. 7207......................... Advanced Manufacturing 1545-2306 Production Credit. 7210......................... Clean Hydrogen Production 1545-2321 Credit. 7211......................... Clean Electricity Production New Form Credit. 7213......................... Nuclear Power Production 1545-0123 Credit. 7217......................... Distributions From a New Form Partnership of Property With Partner Basis Adjustments. 7218......................... Clean Fuel Production Credit New Form 8082......................... Notice of Inconsistent 1545-0074 Treatment or Administrative Adjustment Request (AAR). 8275......................... Disclosure Statement........ 1545-0889 [[Page 73506]] 8275-R....................... Regulation Disclosure 1545-0889 Statement. 8453-FE...................... U.S. Estate or Trust Income 1545-0967 Tax Declaration and Signature for Electronic Filing. 8582......................... Passive Activity Loss 1545-1008 Limitations. 8582-CR...................... Passive Activity Credit 1545-1034 Limitations. 8586......................... Low-Income Housing Credit... 1545-0984 8594......................... Asset Acquisition Statement. 1545-0074 8609-A....................... Annual Statement for Low- 1545-0988 Income Housing Credit. 8611......................... Recapture of Low-Income 1545-1035 Housing Credit. 8621......................... Return by a Shareholder of a 1545-1002 Passive Foreign Investment Co. or Qualified Electing Fund. 8697......................... Interest Computation Under 1545-1031 the Look-Back Method for Completed Long-Term Contracts. 8801......................... Credit For Prior Year 1545-1073 Minimum Tax--Individuals, Estates, and Trusts. 8820......................... Orphan Drug Credit.......... 1545-1505 8824......................... Like-Kind Exchanges......... 1545-1190 8825......................... Rental Real Estate Income 1545-0123 and Expenses of a Partnership or an S Corporation. 8826......................... Disabled Access Credit...... 1545-1205 8829......................... Expenses for Business Use of 1545-0074 Your Home. 8830......................... Enhanced Oil Recovery Credit 1545-1292 8833......................... Treaty-Based Return Position 1545-1354 Disclosure Under Section 6114 or 7701(b). 8835......................... Renewable Electricity 1545-1362 Production Credit. 8844......................... Empowerment Zone Employment 1545-1444 Credit. 8845......................... Indian Employment Credit.... 1545-0123 8846......................... Credit for Employer Social 1545-0123 Security and Medicare Taxes Paid on Certain Employee Tips. 8855......................... Election To Treat a 1545-1881 Qualified Revocable Trust as Part of an Estate. 8858......................... Information Return of U.S. 1545-1910 Persons With Respect to Disregarded Entities (FDEs) and Foreign Branches (FBs). 8858 SCH M................... Transactions Between Foreign 1545-1910 Disregarded Entity (FDE) or Foreign Branch (FB) and the Filer or Other Related Entities. 8864......................... Biodiesel, Renewable Diesel, 1545-1924 or Sustainable Aviation Fuels Credit. 8865......................... Return of U.S. Persons With 1545-1668 Respect to Certain Foreign Partnerships. 8865 SCH G................... Statement of Application for 1545-1668 the Gain Deferral Method Under Section 721(c). 8865 SCH H................... Acceleration Events and 1545-1668 Exceptions Reporting Relating to Gain Deferral Method Under Section 721(c). 8865 SCH K-1................. Partner's Share of Income, 1545-1668 Deductions, Credits, etc. (Schedule K-1 (Form 8865)). 8865 SCH K-2................. Schedule K-2 (Form 8865), 1545-1668 Partners' Distributive Share Items--International. 8865 SCH K-3................. Partner's Share of Income, 1545-1668 Deductions, Credits, etc.-- International. 8865 SCH O................... Transfer of Property to a 1545-1668 Foreign Partnership. 8865 SCH P................... Acquisitions, Dispositions, 1545-1668 and Changes of Interests in a Foreign Partnership. 8866......................... Interest Computation Under 1545-1622 the Look-Back Method for Property Depreciated Under the Income Forecast Method. 8873......................... Extraterritorial Income 1545-1722 Exclusion. 8879-F....................... U.S. Estate or Trust 1545-0967 Declaration for an IRS e- file Return. 8881......................... Credit for Small Employer 1545-1810 Pension Plan Startup Costs. 8882......................... Credit for Employer-Provided 1545-1809 Child Care Facilities and Services. 8886......................... Reportable Transaction 1545-1800 Disclosure Statement. 8896......................... Low Sulfur Diesel Fuel 1545-1914 Production Credit. 8903......................... Domestic Production 1545-1984 Activities Deduction. 8904......................... Credit for Oil and Gas 1545-2278 Production From Marginal Wells. 8908......................... Energy Efficient Home Credit 1545-1979 8910......................... Alternative Motor Vehicle 1545-1998 Credit. 8911......................... Alternative Fuel Vehicle 1545-0123 Refueling Property Credit. 8911 SCH A................... Alternative Fuel Vehicle New Form Refueling Property Credit Amount. 8912......................... Credit to Holders of Tax 1545-2025 Credit Bonds. 8918......................... Material Advisor Disclosure 1545-0865 Statement. 8932......................... Credit for Employer 1545-2126 Differential Wage Payments. 8933......................... Carbon Oxide Sequestration 1545-2132 Credit. 8933 SCH A................... Disposal or Enhanced Oil New Form Recovery Owner Certification. 8933 SCH B................... Disposal Operator New Form Certification. 8933 SCH C................... Enhanced Oil Recovery New Form Operator Certification. 8933 SCH D................... Recapture Certification..... New Form 8933 SCH E................... Election Certification...... New Form 8933 SCH F................... Utilization Certification... New Form 8936......................... Clean Vehicle Credits....... 1545-0074 8938......................... Statement of Specified 1545-2195 Foreign Financial Assets. 8941......................... Credit for Small Employer 1545-2198 Health Insurance Premiums. 8949......................... Sales and Other Dispositions 1545-0074 of Capital Assets. 8960......................... Net Investment Income Tax- 1545-2227 Individuals, Estates, and Trusts. 8978......................... Partner's Additional 1545-0123 Reporting Year Tax. 8978 SCH A................... Partners Additional 1545-0123 Reporting Year Tax. 8990......................... Limitation on Business 1545-0123 Interest Expense Under Section 163(j). 8992......................... U.S Shareholder Calculation 1545-0123 of Global Intangible Low- Taxed Income (GILTI). 8992 SCH A................... Schedule A, for Global 1545-0123 Intangible Low-Taxed Income (GILTI). 8994......................... Employer Credit for Paid 1545-2282 Family and Medical Leave. 8995......................... Qualified Business Income 1545-2294 Deduction Simplified Computation. 8995-A....................... Qualified Business Income 1545-2294 Deduction. 8995-A SCH A................. Specified Service Trades or 1545-2294 Businesses. 8995-A SCH B................. Aggregation of Business 1545-2294 Operations. [[Page 73507]] 8995-A SCH C................. Loss Netting and 1545-2294 Carryforward. 8995-A SCH D................. Special Rules for Patrons of 1545-2294 Agricultural or Horticultural Cooperatives. 8997......................... Initial and Annual Statement 1545-0123 of Qualified Opportunity Fund (QOF) Investments. 8582-CR...................... Passive Activity Credit 1545-1034 Limitations. 8609-A....................... Annual Statement for Low- 1545-0988 Income Housing Credit. T............................ Forest Activities........... 1545-0007 ------------------------------------------------------------------------ * 1545-0074 will not be discontinued it will be the number assigned to all Forms within the individual tax collection. * 1545-0123 will not be discontinued. It is the business collection and 8922 will be included in both the Business collection and the Employment Tax collection. * 1545-0029 will not be discontinued it will be the number assigned to all Forms within the employment tax collection. * 1545-0092 will not be discontinued it will be the number assigned to all Forms within the trust and estate income tax collection. Appendix B ------------------------------------------------------------------------ Guidance title/description OMB No. ------------------------------------------------------------------------ Revenue Procedure 2009-20: Safe harbor treatment for 1545-0092 taxpayers that experienced losses in certain investment arrangements discovered to be criminally fraudulent....... Revenue Procedure 2009-26: Examination of returns and 1545-0092 claims for refund, credit or abatement; determination of correct tax liability..................................... Revenue Procedure 2009-52: Examination of returns and 1545-0092 claims for refund, credit or abatement; determination of correct tax liability..................................... Revenue Procedure 2019-38: Trade or Business............... 1545-0092 TD 9846: Regulations Regarding the Transition Tax Under 1545-2280 Section 965 and Related Provisions........................ TD 9847: Qualified Business Income Deduction............... 1545-0092 TD 9902: Guidance Under Sections 951A and 954 Regarding 1545-0092 Income Subject to a High Rate of Foreign Tax.............. TD 9918: Effect of Section 67(g) on Trusts and Estates..... 1545-0092 TD 9922: Guidance Related to the Allocation and 1545-1056 Apportionment of Deductions and Foreign Taxes, Foreign Tax Redeterminations, Foreign Tax Credit Disallowance Under Section 965(g), Consolidated Groups, Hybrid Arrangements and Certain Payments Under Section 951A................... TD 9936: Guidance on Passive Foreign Investment Companies.. 1545-0092 TD 9945: Guidance Under Section 1061....................... 1545-0092 TD 9959: Guidance Related to the Foreign Tax Credit; 1545-2296 Clarification of Foreign-Derived Intangible Income........ TD 9998: Increased Amounts of Credit or Deduction for 1545-2315 Satisfying Certain Prevailing Wage and Registered Apprenticeship Requirements............................... ------------------------------------------------------------------------ [FR Doc. 2024-20407 Filed 9-9-24; 8:45 am] BILLING CODE 4830-01-P