Form 13925, Notice of Election of and Agreement To Special Lien Under Internal Revenue Code Section 6324A and Regulations

ICR 200803-1545-011

OMB: 1545-2109

Federal Form Document

ICR Details
1545-2109 200803-1545-011
Historical Active
TREAS/IRS ah-XXXX-011
Form 13925, Notice of Election of and Agreement To Special Lien Under Internal Revenue Code Section 6324A and Regulations
New collection (Request for a new OMB Control Number)   No
Emergency 04/25/2008
Approved without change 07/15/2008
Retrieve Notice of Action (NOA) 04/18/2008
  Inventory as of this Action Requested Previously Approved
01/31/2009 6 Months From Approved
500 0 0
500 0 0
0 0 0

Under IRC section 6166, an estate may elect to pay the estate tax in installments over 14 years if certain conditions are met. If the IRS determines that the government’s interest in collecting estate tax is sufficiently at risk, it may require the estate provide a bond. Alternatively, the executor may elect to provide a lien in lieu of bond. Under section 6324A(c) and the regulations thereunder (OMB 1545-0757), to make this election the executor must submit a lien agreement to the IRS. Form 13925 is a form lien agreement that executors may use for this purpose.
Recent legislation has made normal processing time impractical. The form must be made available to the public ASAP.

US Code: 26 USC 6324A(c) Name of Law: Agreement
   US Code: 26 USC 6166 Name of Law: Extension of time for payment of estate tax where estate consists largely of interest in closely hel
  
None

Not associated with rulemaking

No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 500 0 0 500 0 0
Annual Time Burden (Hours) 500 0 0 500 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
This is a new collection.

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
Cindy Ocmand 9723087837

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
04/18/2008


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