Notice2025-04417
Agency Collection Activities; Requesting Comments on Form 56 and Form 56-F
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
March 18, 2025
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 56, Notice Concerning Fiduciary Relationship, and Form 56-F, Notice Concerning Fiduciary Relationship of Financial Institution.
Full Text
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<title>Federal Register, Volume 90 Issue 51 (Tuesday, March 18, 2025)</title>
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[Federal Register Volume 90, Number 51 (Tuesday, March 18, 2025)]
[Notices]
[Pages 12636-12637]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-04417]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Collection Activities; Requesting Comments on Form 56 and
Form 56-F
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
[[Page 12637]]
Act of 1995. The IRS is soliciting comments concerning Form 56, Notice
Concerning Fiduciary Relationship, and Form 56-F, Notice Concerning
Fiduciary Relationship of Financial Institution.
DATES: Written comments should be received on or before May 19, 2025 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#8efefcefa0ede1e3e3ebe0fafdcee7fcfda0e9e1f8"><span class="__cf_email__" data-cfemail="2b5b594a05484446464e455f586b425958054c445d">[email protected]</span></a>. Include OMB Control No.
1545-0013 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, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet
at <a href="/cdn-cgi/l/email-protection#afc5cedcc0c181c281dcccc7c0c0c1c2cec4caddefc6dddc81c8c0d9"><span class="__cf_email__" data-cfemail="0d676c7e62632360237e6e65626263606c66687f4d647f7e236a627b">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: The IRS is currently seeking comments
concerning the following information collection tools, reporting, and
record-keeping requirements:
Title: Notice Concerning Fiduciary Relationship and Notice
Concerning Fiduciary Relationship of Financial Institution.
OMB Number: 1545-0013.
Form Number: 56 and 56-F.
Abstract: Form 56 is used to notify the IRS of the creation or
termination of a fiduciary relationship under Internal Revenue Code
(IRC) section 6903 and provide the qualification for the fiduciary
relationship under IRC section 6036. Form 56-F is used by the federal
agency acting as a fiduciary in order to notify the IRS of the
creation, termination, or change in status of a fiduciary relationship
with a financial institution.
Current Actions: There is no change to the existing collection.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, and
individuals or households.
Estimated Number of Responses: 174,050.
Estimated Time per Respondent: 2 hours.
Estimated Total Annual Burden Hours: 349,786
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: March 13, 2025.
Jason M. Schoonmaker,
Tax Analyst.
[FR Doc. 2025-04417 Filed 3-17-25; 8:45 am]
BILLING CODE 4830-01-P
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.