Notice of Election of an Agreement to Special Lien Under Internal Revenue Code Section 6324A and Regulations

ICR 201509-1545-046

OMB: 1545-2109

Federal Form Document

Forms and Documents
ICR Details
1545-2109 201509-1545-046
Historical Active 201207-1545-009
TREAS/IRS
Notice of Election of an Agreement to Special Lien Under Internal Revenue Code Section 6324A and Regulations
Revision of a currently approved collection   No
Regular
Approved without change 12/21/2015
Retrieve Notice of Action (NOA) 10/30/2015
  Inventory as of this Action Requested Previously Approved
12/31/2018 36 Months From Approved 12/31/2015
500 0 510
500 0 510
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 there under (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.

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
   US Code: 26 USC 6324A(c) Name of Law: Agreement
  
None

Not associated with rulemaking

  80 FR 44424 07/27/2015
80 FR 66972 10/30/2015
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 500 510 0 -10 0 0
Annual Time Burden (Hours) 500 510 0 -10 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Cutting Redundancy
Burden associated with the regulations (TD 7941) is being reported under 1545-0757. The agency has removed the burden associated with the regulations to reduce redundancy and duplicate reporting. The removal of the regulation burden results in a 10 hour decrease in the total burden previously approved by OMB.

$0
No
No
No
No
No
Uncollected
Christopher Jones 202 317-6834 christopher.w.jones@irscounsel.treas.gov

  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.
10/30/2015


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