[Federal Register Volume 90, Number 139 (Wednesday, July 23, 2025)]
[Notices]
[Pages 34734-34737]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-13802]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Information Collection Activities; Comment Request on U.S.
Trust and Estate Income Tax Returns and Related Forms, Schedules,
Attachments, and Published Guidance
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice of information collection; request for comments.
-----------------------------------------------------------------------
SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the
IRS is inviting comments on the information collection request outlined
in this notice.
DATES: Written comments should be received on or before September 22,
2025 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 to [email protected]. Include ``OMB Control No.
1545-0092'' in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: View the latest drafts of the tax
forms related to the information collection listed in this notice at
https://www.irs.gov/draft-tax-forms. Requests for additional
information or copies of this collection should be directed to Jason M.
Schoonmaker, 801-620-2128.
SUPPLEMENTARY INFORMATION: The IRS, in accordance with the Paperwork
Reduction Act of 1995 (PRA) (44 U.S.C. 3506(c)(2)(A)), provides the
general public and Federal agencies with an opportunity to comment on
proposed, revised, and continuing collections of information. This
helps the IRS assess the impact and minimize the burden of its
information collection requirements. 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.
Tax Compliance Burden
Tax compliance burden is defined as the time and money taxpayers
spend to comply with their tax filing responsibilities. Time-related
activities include recordkeeping, tax planning, gathering tax
materials, learning about the law, and completing and submitting the
return. Out-of-pocket costs include expenses such as purchasing tax
software, paying a third-party preparer, and printing and postage. 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.
Proposed PRA Submission to OMB
Title: U.S. Trust and Estate Income Tax Returns and Related Forms,
Schedules, Attachments, and Published Guidance.
OMB Number: 1545-0092.
Form Numbers and Published Guidance: 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, 970, 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, 3800 SCH
A, 4136, 4255, 4562, 4684, 4797, 4952, 4970, 4972, 5213, 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, 7203,
7204, 7205, 7207, 7210, 7211, 7213, 7217, 7218, 7220, 8082, 8283, 8275,
8275 R, 8453 FE, 8582, 8582 CR, 8586, 8594, 8609 A, 8611, 8621, 8621 A,
8697, 8801, 8820, 8824, 8825, 8826, 8829, 8830, 8833, 8834, 8835, 8838,
8838 P, 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, 8874, 8879 F, 8881, 8882, 8883, 8886, 8896,
8900, 8903, 8904, 8906, 8908, 8911, 8911 SCH A, 8912, 8913, 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, 8975, 8975 SCH A, 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, T, and all related forms,
schedules, and attachments.
Abstract: These forms, schedules, and attachments are used by
trusts and estates to report their income tax liability. This
information collection request covers the burden associated with
preparing and submitting trust and estate income tax returns and
related forms, schedules, and attachments, and complying with published
guidance.
Current Actions: There have been changes in regulatory guidance
related to various forms approved under this approval package during
the past year. There have been additions and removals of forms included
in this approval package. It is anticipated that these changes will
have an impact on the overall burden and cost estimates requested for
this approval package, however these estimates were not
[[Page 34735]]
finalized at the time of release of this notice. These estimated
figures are expected to be available by the release of the 30-day
comment notice from Treasury. This approval package is being submitted
for renewal purposes.
Type of Review: Revision of a currently approved collection.
Affected Public: Trusts and Estates.
Preliminary Estimated Number of Respondents: 3,240,000.
Preliminary Estimated Total Time (Hours): 33,700,000.
Preliminary Estimated Time per Respondent (Hours): 10 hours 24
minutes.
Preliminary Estimated Monetized Time ($): 2,333,000,000.
Preliminary Estimated Out-of-Pocket Costs ($): 6,139,000,000.
Preliminary Estimated Total Monetized Burden ($): 8,471,000,000.
Note: Total Monetized Burden = Out-of-Pocket Costs + Monetized Time
August 27, 2025.
Dated: July 18, 2025.
Jason M. Schoonmaker,
Tax Analyst.
Appendix-A--Forms and Schedules
------------------------------------------------------------------------
Form No. Title
------------------------------------------------------------------------
1041.............................. U.S. Income Tax Return for Estates
and Trusts.
1041-A............................ U.S. Information Return Trust
Accumulation of Charitable Amounts.
1041-ES........................... Estimated Tax for Estates and
Trusts.
1041-ES (OCR)..................... Estimated Tax Vouchers Package
1041ES (OCR).
1041-N............................ U.S. Income Tax Return for Electing
Alaska Native Settlement.
1041-QFT.......................... U.S. Income Tax Return for Qualified
Funeral Trusts.
1041-SCH D........................ Capital Gains and Losses.
1041 SCH I........................ Alternative Minimum Tax--Estates and
Trusts.
1041 SCH J........................ Accumulation Distribution for
Certain Complex Trusts.
1041 SCH K-1...................... Beneficiary's Share of Income,
Deductions, Credits, etc.
1041-T............................ Allocation of Estimated Tax Payments
to Beneficiaries (Under Code
section 643(g)).
1041-V............................ Payment Voucher.
172............................... Net Operating Losses (NOLs) for
Individuals, Estates, and Trusts.
461............................... Limitation on Business Losses.
926............................... Return by a U.S. Transferor of
Property to a Foreign Corporation.
965-A............................. Form 965-A, Individual Report of Net
965 Tax Liability.
970............................... Application To Use LIFO Inventory
Method.
982............................... Reduction of Tax Attributes Due to
Discharge of Indebtedness (And
Section 1082 Basis Adjustment).
1040 SCH C........................ Profit or Loss from Business (Sole
Proprietorship).
1040 SCH E........................ Supplemental Income and Loss.
1040 SCH F........................ Profit or Loss from Farming.
1040 SCH H........................ Household Employment Taxes.
1045.............................. Application for Tentative Refund.
1065 SCH D........................ Capital Gains and Losses.
1065 SCH K-2...................... Partners Distributive Share Items--
International.
1116.............................. Foreign Tax Credit.
1116 SCH B........................ Foreign Tax Credit.
1116 SCH C........................ Foreign Tax Credit.
2210.............................. Underpayment of Estimated Tax by
Individuals, Estates and Trusts.
2210-F............................ Underpayment of Estimated Tax by
Farmers and Fisherman.
2439.............................. Notice to Shareholder of
Undistributed Long-Term Capital
Gains.
3115.............................. Application for Change in Accounting
Method.
3468.............................. Investment Credit.
3800.............................. General Business Credit.
3800 SCH A........................ Transfer Election Statement.
4136.............................. Credit for Federal Tax Paid on
Fuels.
4255.............................. Recapture of Investment Credit.
4562.............................. Depreciation and Amortization
(Including Information on Listed
Property).
4684.............................. Casualties and Thefts.
4797.............................. Sales of Business Property.
4952.............................. Investment Interest Expense
Deduction.
4970.............................. Tax on Accumulation Distribution of
Trusts.
4972.............................. Tax on Lump-Sum Distributions.
5213.............................. Election to Postpone Determination
as To Whether the Presumption
Applies That an Activity is Engaged
in for Profit.
5227.............................. Split-Interest Trust Information
Return.
5329.............................. Additional Taxes on Qualified Plans
(Including IRAs) and Other Tax-
Favored Accounts.
5471.............................. Information Return of U.S. Persons
With Respect to Certain Foreign
Corporations.
5471 SCH E........................ Income, War Profits, and Excess
Profits Taxes Paid or Accrued.
5471 SCH G1....................... Cost Sharing Arrangement.
5471 SCH H........................ Current Earnings and Profits.
5471 SCH I1....................... Information for Global Intangible
Low-Taxed Income.
5471 SCH J........................ Accumulated Earnings and Profits
(E&P) of Controlled Foreign
Corporation.
5471 SCH M........................ Transactions Between Controlled
Foreign Corporation and
Shareholders or Other Related
Persons.
5471 SCH O........................ Organization or Reorganization of
Foreign Corporation and
Acquisitions and Dispositions of
its Stock.
5471 SCH P........................ Previously Taxed Earnings and
Profits of U.S. Shareholder of
Certain Foreign Corporations.
5471 SCH Q........................ CFC Income by CFC Income Groups.
5471 SCH R........................ Distributions From a Foreign
Corporation.
5713.............................. International Boycott Report.
5713 SCH B........................ Specifically Attributable Taxes and
Income (Section 999(c)(2)).
[[Page 34736]]
5713 SCH C........................ Tax Effect of The International
Boycott Provisions.
5884.............................. Work Opportunity Credit.
5884-A............................ Employee Retention Credit for
Employers Affected by Qualified
Disasters.
6198.............................. At-Risk Limitations.
6252.............................. Installment Sale Income.
6478.............................. Biofuel Producer Credit.
6765.............................. Credit for Increasing Research
Activities.
6781.............................. Gains and Losses from Section 1256
Contracts and Straddles.
7203.............................. S Corporation Shareholder Stock and
Debt Basis Limitations.
7204.............................. Consent to Extend the Time to Assess
Tax Related to Contested Foreign
Income Taxes--Provisional Foreign
Tax Credit Agreement.
7205.............................. Energy Efficient Commercial
Buildings Deduction.
7207.............................. Advanced Manufacturing Production
Credit.
7210.............................. Clean Hydrogen Production Credit.
7211.............................. Clean Electricity Production Credit.
7213.............................. Nuclear Power Production Credit.
7217.............................. Partner's Report of Property
Distributed by a Partnership.
7218.............................. Clean Fuel Production Credit.
7220.............................. Prevailing Wage and Apprenticeship
(PWA) Verification and Corrections.
8082.............................. Notice of Inconsistent Treatment or
Administrative Adjustment Request
(AAR).
8275.............................. Disclosure Statement.
8275-R............................ Regulation Disclosure Statement.
8283.............................. Noncash Charitable Contribution.
8453-FE........................... U.S. Estate or Trust Declaration for
an IRS e-file Return.
8582.............................. Passive Activity Loss Limitations.
8582-CR........................... Passive Activity Credit Limitations.
8586.............................. Low-Income Housing Credit.
8594.............................. Asset Acquisition Statement.
8609-A............................ Annual Statement for Low-Income
Housing Credit.
8611.............................. Recapture of Low-Income Housing
Credit.
8621.............................. Return by a Shareholder of a Passive
Foreign Investment Co. or Qualified
Electing Fund.
8621-A............................ Return by a Shareholder Making
Certain Late Elections To End
Treatment as a Passive Foreign
Investment Company.
8697.............................. Interest Computation Under the Look-
Back Method for Completed Long-Term
Contracts.
8801.............................. Credit For Prior Year Minimum Tax--
Individuals, Estates, and Trusts.
8820.............................. Orphan Drug Credit.
8824.............................. Like-Kind Exchanges.
8825.............................. Rental Real Estate Income and
Expenses of a Partnership or an S
Corporation.
8826.............................. Disabled Access Credit.
8829.............................. Expenses for Business Use of Your
Home.
8830.............................. Enhanced Oil Recovery Credit.
8833.............................. Treaty-Based Return Position
Disclosure Under Section 6114 or
7701(b).
8834.............................. Qualified Electric Vehicle Credit.
8835.............................. Renewable Electricity Production
Credit.
8838.............................. Consent To Extend the Time To Assess
Tax Under Section 367--Gain
Recognition Agreement.
8838-P............................ Consent To Extend the Time To Assess
Tax Pursuant to the Gain Deferral
Method (Section 721(c)).
8844.............................. Empowerment Zone Employment Credit.
8845.............................. Indian Employment Credit.
8846.............................. Credit for Employer Social Security
and Medicare Taxes Paid on Certain
Employee Tips.
8855.............................. Election To Treat a Qualified
Revocable Trust as Part of an
Estate.
8858.............................. Information Return of U.S. Persons
With Respect to Disregarded
Entities (FDEs) and Foreign
Branches (FBs).
8858 SCH M........................ Transactions Between Foreign
Disregarded Entity (FDE) or Foreign
Branch (FB) and the Filer or Other
Related Entities.
8864.............................. Biodiesel, Renewable Diesel, or
Sustainable Aviation Fuels Credit.
8865.............................. Return of U.S. Persons With Respect
to Certain Foreign Partnerships.
8865 SCH G........................ Statement of Application for the
Gain Deferral Method Under Section
721(c).
8865 SCH H........................ Acceleration Events and Exceptions
Reporting Relating to Gain Deferral
Method Under Section 721(c).
8865 SCH K-1...................... Partner's Share of Income,
Deductions, Credits, etc. (Schedule
K-1 (Form 8865)).
8865 SCH K-2...................... Schedule K-2 (Form 8865), Partners'
Distributive Share Items--
International.
8865 SCH K-3...................... Partner's Share of Income,
Deductions, Credits, etc.--
International.
8865 SCH O........................ Transfer of Property to a Foreign
Partnership.
8865 SCH P........................ Acquisitions, Dispositions, and
Changes of Interests in a Foreign
Partnership.
8866.............................. Interest Computation Under the Look-
Back Method for Property
Depreciated Under the Income
Forecast Method.
8873.............................. Extraterritorial Income Exclusion.
8874.............................. New Markets Credit.
8879-F............................ U.S. Estate or Trust Declaration for
an IRS e-file Return.
8881.............................. Credit for Small Employer Pension
Plan Startup Costs.
8882.............................. Credit for Employer-Provided Child
Care Facilities and Services.
8883.............................. Asset Allocation Statement Under
Section 338.
8886.............................. Reportable Transaction Disclosure
Statement.
[[Page 34737]]
8896.............................. Low Sulfur Diesel Fuel Production
Credit.
8900.............................. Qualified Railroad Track Maintenance
Credit.
8903.............................. Domestic Production Activities
Deduction.
8904.............................. Credit for Oil and Gas Production
From Marginal Wells.
8906.............................. Distilled Spirits Credit.
8908.............................. Energy Efficient Home Credit.
8911.............................. Alternative Fuel Vehicle Refueling
Property Credit.
8911 SCH A........................ Alternative Fuel Vehicle Refueling
Property Credit Amount.
8912.............................. Credit to Holders of Tax Credit
Bonds.
8913.............................. Mine Rescue Team Training Credit.
8918.............................. Material Advisor Disclosure
Statement.
8932.............................. Credit for Employer Differential
Wage Payments.
8933.............................. Carbon Oxide Sequestration Credit.
8933 SCH A........................ Disposal or Enhanced Oil Recovery
Owner Certification.
8933 SCH B........................ Disposal Operator Certification.
8933 SCH C........................ Enhanced Oil Recovery Operator
Certification.
8933 SCH D........................ Recapture Certification.
8933 SCH E........................ Election Certification.
8933 SCH F........................ Utilization Certification.
8936.............................. Clean Vehicle Credits.
8938.............................. Statement of Specified Foreign
Financial Assets.
8941.............................. Credit for Small Employer Health
Insurance Premiums.
8949.............................. Sales and Other Dispositions of
Capital Assets.
8960.............................. Net Investment Income Tax-
Individuals, Estates, and Trusts.
8975.............................. Country-by-Country Report.
8975 SCH A........................ Tax Jurisdiction and Constituent
Entity Information.
8978.............................. Partner's Additional Reporting Year
Tax.
8978 SCH A........................ Partners Additional Reporting Year
Tax.
8990.............................. Limitation on Business Interest
Expense Under Section 163(j).
8992.............................. U.S Shareholder Calculation of
Global Intangible Low-Taxed Income
(GILTI).
8992 SCH A........................ Schedule A, for Global Intangible
Low-Taxed Income (GILTI).
8994.............................. Employer Credit for Paid Family and
Medical Leave.
8995.............................. Qualified Business Income Deduction
Simplified Computation.
8995-A............................ Qualified Business Income Deduction.
8995-A SCH A...................... Specified Service Trades or
Businesses.
8995-A SCH B...................... Aggregation of Business Operations.
8995-A SCH C...................... Loss Netting and Carryforward.
8995-A SCH D...................... Special Rules for Patrons of
Agricultural or Horticultural
Cooperatives.
8997.............................. Initial and Annual Statement of
Qualified Opportunity Fund (QOF)
Investments.
T................................. Forest Activities.
------------------------------------------------------------------------
Appendix-B--Guidance Documents
------------------------------------------------------------------------
Title/document Description
------------------------------------------------------------------------
Revenue Procedure 2009-20......... Safe harbor treatment for taxpayers
that experienced losses in certain
investment arrangements discovered
to be criminally fraudulent.
Revenue Procedure 2009-26......... Examination of returns and claims
for refund, credit or abatement;
determination of correct tax
liability.
Revenue Procedure 2009-52......... Examination of returns and claims
for refund, credit or abatement;
determination of correct tax
liability.
Revenue Procedure 2019-38......... Trade or Business.
TD 8865........................... Amortization of Intangible Property.
TD 9846........................... Regulations Regarding the Transition
Tax Under Section 965 and Related
Provisions.
TD 9847........................... Qualified Business Income Deduction.
TD 9902........................... Guidance Under Sections 951A and 954
Regarding Income Subject to a High
Rate of Foreign Tax.
TD 9918........................... Effect of Section 67(g) on Trusts
and Estates.
TD 9922........................... Guidance Related to the Allocation
and 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.
TD 9945........................... Guidance Under Section 1061.
TD 9959........................... Guidance Related to the Foreign Tax
Credit; Clarification of Foreign-
Derived Intangible Income.
TD 9998........................... Increased Amounts of Credit or
Deduction for Satisfying Certain
Prevailing Wage and Registered
Apprenticeship Requirements.
TD 10015.......................... Definition of Energy Property and
Rules Applicable to the Energy
Credit.
------------------------------------------------------------------------
[FR Doc. 2025-13802 Filed 7-22-25; 8:45 am]
BILLING CODE 4830-01-P