OMB understands
that the IRS is currently in the process of revising the
methodology it uses to estimate burden and costs. OMB expects that
future ICRs under this OMB control number will include dollar
estimates of annual burden costs to taxpayers calculated using this
revised methodology.
Inventory as of this Action
Requested
Previously Approved
02/28/2023
36 Months From Approved
02/29/2020
1,000
0
1,000
980
0
980
0
0
0
Form 706-GS(D) is used by distributees
to compute and report the Federal Generation Skipping Transfer tax
imposed by IRC section 2601. IRS uses the information to enforce
this tax and to verify that the tax has been properly computed. The
distributee will file a single Form 706 GS(D) annually and will
report on it all taxable distributions from any trust received
during the year. An individual will not file Form 706 GS(D) for any
year in which he/she received no taxable distributions.
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.