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
10/31/2023
36 Months From Approved
10/31/2020
1,000
0
1,000
500
0
500
0
0
0
The regulation sets forth the required
information that will permit spouses or former spouses to treat a
redemption by a corporation of stock of one spouse or former spouse
as a transfer of that stock to the other spouse or former spouse in
exchange for the redemption proceeds and a redemption of the stock
from the latter spouse or former spouse in exchange for the
redemption proceeds.
US Code:
26
USC 1041 Name of Law: Transfers of property between spouses or
incident to divorce
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.