Notice2024-25092
Agency Collection Activities; Requesting Comments on Form 709, Form 709-NA.
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 29, 2024
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Form 709, United States Gift (and Generation-Skipping Transfer) Tax Return. Form 709-NA United States Gift (and Generation- Skipping Transfer) Tax Return of Nonresident Not a Citizen of the United States.
Full Text
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<title>Federal Register, Volume 89 Issue 209 (Tuesday, October 29, 2024)</title>
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[Federal Register Volume 89, Number 209 (Tuesday, October 29, 2024)]
[Notices]
[Pages 86112-86113]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-25092]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Collection Activities; Requesting Comments on Form 709,
Form 709-NA.
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Internal Revenue Service, as part of its continuing effort
to reduce paperwork and respondent burden, invites the general public
and other federal agencies to take this opportunity to comment on
proposed and/or continuing information collections, as required by the
Paperwork Reduction Act of 1995. The IRS is soliciting comments
concerning Form 709, United States Gift (and Generation-Skipping
Transfer) Tax Return. Form 709-NA United States Gift (and Generation-
Skipping Transfer) Tax Return of Nonresident Not a Citizen of the
United States.
DATES: Written comments should be received on or before December 30,
2024 to be assured of consideration.
ADDRESSES: Direct all written comments to Andres Garcia, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224, or by email to <a href="/cdn-cgi/l/email-protection#bbcbc9da95d8d4d6d6ded5cfc8fbd2c9c895dcd4cd"><span class="__cf_email__" data-cfemail="ff8f8d9ed19c9092929a918b8cbf968d8cd1989089">[email protected]</span></a>. Include OMB Control No.
1545-0020 in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this collection should be directed to Jason Schoonmaker,
(801) 620-2128, at Internal Revenue Service,
[[Page 86113]]
Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or
through the internet at <a href="/cdn-cgi/l/email-protection#117b70627e7f3f7c3f6272797e7e7f7c707a7463517863623f767e67"><span class="__cf_email__" data-cfemail="721813011d1c5c1f5c01111a1d1d1c1f13191700321b00015c151d04">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: The IRS is currently seeking comments
concerning the following information collection tools, reporting, and
record-keeping requirements:
Title: United States Gift (and Generation-Skipping Transfer) Tax
Return.
OMB Number: 1545-0020.
Form Number: Form 709, 709-NA.
Abstract: Form 709 is used by individuals to report transfers
subject to the gift and generation-skipping transfer taxes and to
compute these taxes. The IRS uses the information to collect and
enforce these taxes, to verify that the taxes are properly computed,
and to compute the tax base for the estate tax. Form 709-NA is used to
report certain transfers by a nonresident not a citizen of the United
States that are subject to the federal gift tax and certain generation-
skipping transfer (GST) taxes and to figure the tax due, if any, on
those transfers. The Form 709-NA is also used to allocate the lifetime
GST exemption to property transferred during a transferor's lifetime.
Current Actions: Form 709-NA is a new form.
Type of Review: Revision to previously approved collection.
Affected Public: Individuals and household.
Estimated Number of Responses: 225,530.
Estimated Time per Respondent: 6 hours, 12 minutes.
Estimated Total Annual Burden Hours: 1,398,286.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Comments are invited
on: (a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: October 24, 2024.
Jason M. Schoonmaker,
Tax Analyst.
[FR Doc. 2024-25092 Filed 10-28-24; 8:45 am]
BILLING CODE 4830-01-P
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