Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request for Estate (and Generation-Skipping Transfer) Tax Return and Related Forms

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Published

April 2, 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 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. Currently, the IRS is soliciting comments concerning the burden related to United States Estate (and Generation- Skipping Transfer) Tax Return, and Related Forms.

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<title>Federal Register, Volume 90 Issue 62 (Wednesday, April 2, 2025)</title>
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[Federal Register Volume 90, Number 62 (Wednesday, April 2, 2025)]
[Notices]
[Pages 14520-14521]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-05581]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Extension of Information Collection Request Submitted
for Public Comment; Comment Request for Estate (and Generation-Skipping
Transfer) Tax Return and Related Forms

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 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. Currently, the IRS is soliciting comments
concerning the burden related to United States Estate (and Generation-
Skipping Transfer) Tax Return, and Related Forms.

DATES: Written comments should be received on or before June 2, 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#1f6f6d7e317c7072727a716b6c5f766d6c31787069"><span class="__cf_email__" data-cfemail="7c0c0e1d521f1311111912080f3c150e0f521b130a">[email&#160;protected]</span></a>. Please include, ``OMB
Number: 1545-0015--Public Comment Request Notice'' in the Subject line.
Requests for additional information or copies of this collection can be
directed to Ronald J. Durbala, at <a href="/cdn-cgi/l/email-protection#da8890b5a9bfaab2f49eafa8b8bbb6bb9ab3a8a9f4bdb5ac"><span class="__cf_email__" data-cfemail="4311092c3026332b6d07363121222f22032a31306d242c35">[email&#160;protected]</span></a>.

SUPPLEMENTARY INFORMATION:
Title: Estate (and Generation-Skipping Transfer) Tax Return and
Related Forms.
OMB Number: 1545-0015.
Abstract: The executor of a decedent's estate uses Form 706, and
related returns, to figure the estate tax imposed by chapter 11 of the
Internal Revenue Code. This tax is levied on the entire taxable estate
and not just on the share received by a particular beneficiary. Form
706 is also used to figure the generation-skipping transfer (GST) tax
imposed by chapter 13 on direct skips (transfers to skip persons of
interests in property included in the decedent's gross estate).
Current Actions: IRS is redesigning the United States Estate (and
Generation-Skipping Transfer) Tax Return and separating the schedule
into separate documents. The revision to the forms are not
substantively changing the use of the form or the data being collected.
In addition, consolidating the series (Forms 706, 706-A, 706-CE, 706-
GS(D), 706-GS (D-1), 706-GS (T), 706-NA, and 706-QDT) under one OMB
control number (1545-0015).
Currently, there are 29 forms, used by executors pertaining to the
decedent's estate tax reporting requirements. These include Forms:

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Form No. Form description
------------------------------------------------------------------------
Form 706..................... This form is to be filed on certain
estates of a deceased resident or
citizen.
Form 706 Schedule A.......... If the total gross estate contains any
real estate, complete Schedule A.
Form 706 Schedule B.......... If the total gross estate contains any
stocks or bonds, you must complete
Schedule B.
Form 706 Schedule C.......... Complete Schedule C and file it with your
return if the total gross estate
contains any: Mortgages, Notes, or Cash.
Form 706 Schedule D.......... If you are required to file Form 706 and
there was any insurance on the
decedent's life, whether included in the
gross estate, you must complete Schedule
D.
Form 706 Schedule E.......... If you are required to file Form 706,
complete Schedule E and file it with the
return if the decedent owned any joint
property at the time of death, whether
the decedent's interest is includible in
the gross estate.
Form 706 Schedule F.......... On Schedule F, list all items that must
be included in the gross estate that are
not reported on any other schedule.
Form 706 Schedule G.......... Complete Schedule G and file it with the
return if the decedent made transfers
during the decedent's life.
Form 706 Schedule H.......... Complete Schedule H and file it with the
return if you answered ``Yes'' to
question 14 of Part 4--General
Information.
Form 706 Schedule I.......... Complete Schedule l and file it with the
return if you answered ``Yes'' to
question 16 of Part 4--General
Information.
Form 706 Schedule J.......... Complete and file Schedule J if you claim
a deduction on item 14 of Part 5--
Recapitulation.
Form 706 Schedule K.......... You must complete and attach Schedule K
if you claimed deductions on either item
15 or item 16 of Part 5--Recapitulation.
Form 706 Schedule L.......... Complete Schedule L and file it with the
return if you claim deductions on either
item 19 or item 20 of Part 5--
Recapitulation.

[[Page 14521]]

Form 706 Schedule M.......... You must complete Schedule M and file it
with the return if you claim a deduction
on item 21 of Part 5--Recapitulation.
Form 706 Schedule O.......... You must complete Schedule O and file it
with the return if you claim a deduction
on item 22 of Part 5--Recapitulation.
Form 706 Schedule P.......... If you claim a credit on Part 2--Tax
Computation, line 13, complete Schedule
P and file it with the return. Attach
Form(s) 706-CE to Form 706 to support
any credit you claim.
Form 706 Schedule Q.......... Complete Schedule Q and file it with the
return if you claim a credit on Part 2--
Tax Computation, line 14.
Form 706 Schedule R.......... Schedule R is used to figure the
generation-skipping transfer (GST) tax
that is payable by the estate.
Form 706 Schedule T.......... The election to value certain farm and
closely held business property at its
special-use value is made by checking
``Yes'' on Form 706, Part 3--Elections
by the Executor, line 2. Schedule T is
used to report the additional
information that must be submitted to
support this election.
Form 706 Schedule U.......... Schedule U covers Qualified Conservation
Easement Exclusion elections.
Form 706 Schedule W.......... This form is used when more space is
needed to list more assets or deductions
than was available on one of the main
schedules.
Form 706 Schedule PC......... This form is used by Form 706 filers to
file a section 2053 protective claim for
refund by estates of decedents who died
after December 31, 2011. It will also be
used to inform the IRS when the
contingency leading to the protective
claim for refund is resolved and the
refund due the estate is finalized.
Form 706-A................... This form is used to report all
dispositions or cessations of qualified
use under Section 2032A of the Internal
Revenue Code.
Form 706-CE.................. Executors use Form 706-CE as evidence of
payment of foreign death taxes, to be
allowed a credit for those foreign death
taxes on Form 706.
Form 706-GS(D)............... Form 706-GS(D) is used by a skip person
distributee to calculate and report the
tax due on distributions from a trust
that are subject to the generation-
skipping transfer (GST) tax.
Form 706-GS(D-1)............. A trustee uses Form 706-GS(D-1) to report
certain distributions from a trust that
are subject to the generation-skipping
transfer tax and to provide the skip
person distributee with information
needed to figure the tax due on the
distribution.
Form 706-GS(T)............... Form 706-GS(T) is used by a trustee to
figure and report the tax due from
certain trust terminations that are
subject to the generation-skipping
transfer (GST) tax.
Form 706-NA.................. Executors for nonresident alien decedents
use Form 706-NA to compute estate and
generation-skipping transfer (GST) tax
liability. The estate tax is imposed on
the transfer of the decedent's taxable
estate, rather than on the receipt of
any part of it.
Form 706-QDT................. The trustee/designated filers of
qualified domestic trusts use Form 706-
QDT to figure and report tax on certain
distributions, the value of property on
the date of the surviving spouse's
death, and the corpus portion of certain
annuity payments.
------------------------------------------------------------------------

Type of Review: Revision of a currently approved collection.
Affected Public: Individuals or Households and Businesses or other
for-profit organizations.
Estimated Number of Respondents: 25,037.
Estimated Time per Respondent: 10 hrs. 10 min.
Estimated Total Annual Burden Hours: 254,365.
The following paragraph applies to all 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 if 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.
Desired Focus of Comments: The Internal Revenue Service (IRS) is
particularly interested in comments that:
<bullet> Evaluate whether the proposed collection of information is
necessary for the proper performance of the functions of the agency,
including whether the information will have practical utility.
<bullet> Evaluate the accuracy of the agency's estimate of the
burden of the proposed collection of information, including the
validity of the methodology and assumptions used.
<bullet> Enhance the quality, utility, and clarity of the
information to be collected; and
<bullet> Minimize the burden of the collection of information on
those who are to respond, including using appropriate automated,
electronic, mechanical, or other technological collection techniques or
other forms of information technology, e.g., by permitting electronic
submissions of responses.
Comments submitted in response to this notice will be summarized
and/or included in the ICR for OMB approval of the extension of the
information collection; they will also become a matter of public
record.

Approved: March 27, 2025.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2025-05581 Filed 4-1-25; 8:45 am]
BILLING CODE 4830-01-P

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