United States Estate (and
Generation-Skipping Transfer) Tax Return
Revision of a currently approved collection
No
Regular
06/30/2025
Requested
Previously Approved
36 Months From Approved
02/28/2027
25,037
14,267
254,424
517,090
0
0
The federal estate tax is a tax on the
transfer of property at death. It is applied to estates for which
at-death gross assets ("gross estate") plus adjusted taxable gifts
exceed the filing threshold. Chapter 11 of the Internal Revenue
Code (IRC) provides the rules and requirements for estate taxes.
IRC section 2001 imposes a tax on the transfer of the taxable
estate of every decedent who was a citizen or resident of the
United States. Chapter 13 of the IRC provides rules and
requirements for certain generation-skipping transfers (GST). IRC
section 2601 imposes a tax on a GST. Form 706 and related forms are
used to report and compute both taxes. IRC section 2603(a)(2)
provides that the GST tax imposed on a direct skip from a trust
must be paid by the trustee (not the estate). This information
collection request (ICR) covers the actual reporting burden
associated with preparing and submitting the prescribed return
forms, by executors required to file Form 706 and any of its
affiliated forms.
US Code:
26
USC 2001 Name of Law: Imposition and rate of tax
US Code: 26
USC 2601 Name of Law: Tax imposed
US Code: 26
USC 2603 Name of Law: Liability for tax
Changes in the layout of the
forms along with updated burden estimates will increase the annual
responses by 10,770 and decrease the annual estimated burden by
262,666 hours.
$297,408
No
Yes
Yes
No
No
No
No
Patricia Palacios 559
550-8723
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.