United States Gift (and Generation-Skipping Transfer) Tax Return

ICR 202009-1545-001

OMB: 1545-0020

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
1545-0020 202009-1545-001
Received in OIRA 201705-1545-010
TREAS/IRS
United States Gift (and Generation-Skipping Transfer) Tax Return
Extension without change of a currently approved collection   No
Regular 12/28/2020
  Requested Previously Approved
36 Months From Approved 01/31/2021
255,500 278,500
1,584,100 1,726,700
0 0

Form 709 is used by individuals to report transfers subject to the gift and generation-skipping transfer taxes and to compute these taxes. IRS uses the information to enforce these taxes and to compute the estate tax.

PL: Pub.L. 112 - 240 101 Name of Law: American Taxpayer Relief Act of 2012
   US Code: 26 USC 6075 Name of Law: Time for filing estate and gift tax returns
   US Code: 26 USC 6019 Name of Law: Gift tax returns
  
None

Not associated with rulemaking

  85 FR 55937 09/10/2020
85 FR 84468 12/28/2020
Yes

  Total Request 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 255,500 278,500 0 0 -23,000 0
Annual Time Burden (Hours) 1,584,100 1,726,700 0 0 -142,600 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
There are no changes being made to the form at this time that would affect burden. However, the agency is updating the estimated number of respondents based on the most recent filing data, resulting in a decrease in respondents and overall annual burden hours. Previous estimated respondents decreased by 23,000 (278,500 to 255,500), resulting in an annul overall decrease of 142,600 hours (1,726,700 to 1,584,100 hours). .

$78,959
No
    Yes
    Yes
No
No
No
No
P Shaughness 2029271885

  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.
12/28/2020


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