Form 1041-T -- Allocation of Estimated Tax Payments to Beneficiaries

ICR 201512-1545-006

OMB: 1545-1020

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
1545-1020 201512-1545-006
Historical Active 201211-1545-050
TREAS/IRS Ready
Form 1041-T -- Allocation of Estimated Tax Payments to Beneficiaries
Extension without change of a currently approved collection   No
Regular
Approved without change 05/15/2016
Retrieve Notice of Action (NOA) 01/29/2016
  Inventory as of this Action Requested Previously Approved
05/31/2019 36 Months From Approved 05/31/2016
1,000 0 1,000
990 0 990
0 0 0

This form was developed to allow a trustee of a trust or an executor of an estate to make an election under IRC section 643(g) to allocate any payment of estimated tax to a beneficiary(ies). This form serves as a transmittal so that Service Center personnel can determine the correct amounts that are to be transferred from the fiduciary's account to the individual's account.

US Code: 26 USC 6654 Name of Law: Failure by individuals to pay estimated income tax
  
None

Not associated with rulemaking

  80 FR 66621 10/29/2015
81 FR 5032 01/29/2016
No

1
IC Title Form No. Form Name
Form 1041-T -- Allocation of Estimated Tax Payments to Beneficiaries 1041-T Allocation Estimated Tax Payments to Beneficiaries

  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 1,000 1,000 0 0 0 0
Annual Time Burden (Hours) 990 990 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$7,338
No
No
No
No
No
Uncollected
Philip Millet 202 317-5883

  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.
01/29/2016


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