Notice2025-14630
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service (IRS) Information Collection Requests
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
August 1, 2025
Issuing agencies
Treasury Department
Abstract
The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests.
Full Text
<html>
<head>
<title>Federal Register, Volume 90 Issue 146 (Friday, August 1, 2025)</title>
</head>
<body><pre>
[Federal Register Volume 90, Number 146 (Friday, August 1, 2025)]
[Notices]
[Pages 36283-36285]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-14630]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Multiple Internal Revenue Service (IRS)
Information Collection Requests
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury will submit the following
information collection requests to the Office of Management and Budget
(OMB) for review and clearance in accordance with the Paperwork
Reduction Act of 1995, on or after the date of publication of this
notice. The public is invited to submit comments on these requests.
DATES: Comments should be received on or before September 2, 2025 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Melody Braswell by emailing <a href="/cdn-cgi/l/email-protection#d8888a9998acaabdb9abadaaa1f6bfb7ae"><span class="__cf_email__" data-cfemail="b2e2e0f3f2c6c0d7d3c1c7c0cb9cd5ddc4">[email protected]</span></a>, calling
(202) 622-1035, or viewing the entire information collection request at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
1. Title: Opinion Letter Applications for Pre-Approved Plans (Forms
4461, 4461-A, 4461-B, and Form 4461-C).
OMB Number: 1545-0169.
Form Number: 4461, 4461-A, 4461-B, and 4461-C.
Abstract: The IRS uses these forms to determine from the
information submitted whether the provider or mass
[[Page 36284]]
submitter of a pre-approved defined contribution plan qualifies under
section 401(a) of the Internal Revenue Code for plan approval. The
application is also used to apply for the approval of their employee
benefit plans of standardized or nonstandardized pre-approval plans
under section 403(b) and their related trust as exempt from federal
income tax under Code section 501(a).
Current Actions: There are no changes being made to the forms and
burden estimates at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 2925.
Estimated Time per Respondent: 149 hours, 49 minutes.
Estimated Total Annual Burden Hours: 39,153 hours.
2. Title: Application for Determination for Terminating Plan and
Distributable Benefits from Employee Pension Benefit Plans.
OMB Control Number: 1545-0202.
Form Number: Form 5310 and Form 6608.
Abstract: Employers who have qualified deferred compensation plans
can take an income tax deduction for contributions to their plans. Form
5310 is used to request an IRS determination letter about the plan's
qualification status (qualified or non-qualified) under Internal
Revenue Code sections 401(a) or 403(a) of a pension. Form 6088 is used
by the IRS to analyst an application for a determination letter on the
qualification of the plan upon termination.
Current Actions: There is no change to the previously approved
information collection.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Responses: 935.
Estimated Time per Response: 105 hours, 8 minutes.
Estimated Total Annual Burden Hours: 65,323.
3. Title: Request for Discharge from Personal Liability Under
Internal Revenue Code Section 2204 or 6905.
OMB Number: 1545-0432.
Form Number: 5495.
Abstract: Form 5495 provides guidance under sections 2204 and 6905
for executors of estates and fiduciaries of decedent's trusts. The
form, filed after regular filing of an Estate, Gift, or Income tax
return for a decedent, is used by the executor or fiduciary to request
discharge from personal liability for any deficiency for the tax and
periods shown on the form.
Current Actions: There are no changes to the paperwork burden
previously approved by OMB. This form is being submitted for renewal
purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 25,000.
Estimated Time per Respondent: 12 hrs. 16 min.
Estimated Total Annual Burden Hours: 306,500 hours.
4. Title: Allocation of Expenses by Real Estate Mortgage Investment
Conduits.
OMB Control Number: 1545-1018.
Regulation Project Number: TD 8266 and 8431.
Abstract Internal Revenue Code (IRC) sections 67 and 6049 and their
regulations provide rules for certain deductions and income, as well as
information disclosure requirements regarding the income and
deductions. Treasury Regulations section 1.67-3(f)(4)(ii) requires
single-class REMICs to provide certain IRC section 67 information to a
person holding a regular interest in the single-class REMIC pursuant to
section 1.6049-7(e). Treasury Regulations section 1.6049-7(e) requires
the REMIC to provide certain information to brokers and middlemen who
request the information to complete information returns. Treasury
Regulations Section 1.6049-7(f)(7) requires brokers and middlemen to
furnish certain information to corporations, non-calendar year
taxpayers, and other specified persons who requests the information and
for whom the broker or middleman holds as a nominee a REMIC regular
interest or a collateralized debt obligation.
Current Actions: There is no change to the previously approve
collection.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Responses: 9,725.
Estimated Time per Respondent: 6,978 minutes.
Estimated Total Annual Burden Hours: 978.
5. Title: Notice of Plan Merger or Consolidation, Spinoff, or
Transfer of Plan Assets or Liabilities, Notice of Qualified Separate
Lines of Business.
OMB Number: 1545-1225.
Project Number: Form 5310-A.
Abstract: Internal Revenue Code section 6058(b) requires plan
administrators to notify IRS of any plan mergers, consolidations,
spinoffs, or transfers of plan assets or liabilities to another plan.
Code section 414(r) requires employers to notify IRS of separate lines
of business for their deferred compensation plans. Form 5310-A is used
to make these notifications.
Current Actions: There is no change in the paperwork burden
previously approved by OMB. This form is being submitted for renewal
purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Respondents: 935.
Estimated Time per Respondent: 14 hrs. 56 min.
Estimated Total Annual Burden Hours: 7,631.
6. Title: Reporting Requirements for Widely Held Fixed Investment
Trusts.
OMB Number: 1545-1540.
Regulation Project Number: TD 9308.
Abstract: Under regulation section 1.671-5, the trustee or the
middleman who holds an interest in a widely held fixed investment trust
for an investor will be required to provide a Form 1099 to the IRS and
a tax information statement to the investor. The trust is also required
to provide more detailed tax information to middlemen and certain other
persons, upon request.
Current Actions: There are no changes to the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Respondents: 1,200.
Estimated Time per Respondent: 2 hours.
Estimated Total Annual Burden Hours: 2,400.
7. Title: Qualifying Advanced Coal Project Program.
OMB Number: 1545-2003.
Notice Number: Notice 2020-88.
Abstract: This notice updates and amplifies the procedures for the
allocation of Sec. 48A Phase III credits by announcing the beginning
of Round 3 of the Sec. 48A Phase III Program. To be considered in
Round 3 of the Sec. 48A Phase III Program, applications must be
submitted to the Department of Energy (DOE) (Application for DOE
Certification) and to the IRS (Application for Sec. 48A
Certification).
Current Actions: There are changes to the existing collection. The
notice updates prior procedures to comply with the requirements of
Round 3 of the Sec. 48A Phase III Program.
[[Page 36285]]
Type of Review: Revision of a currently approved collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Responses: 5.
Estimated Time per Respondent: 110 hours.
Estimated Total Annual Burden Hours: 550 hours.
8. Title: S Corporation Shareholder Stock and Debt Basis
Limitations.
OMB Number: 1545-2302.
Document Number: Forms 7203.
Abstract: Internal Revenue Code (IRC) Section 1366 determines the
shareholder's tax liability from an S corporation. IRC Section 1367
details the adjustments to basis including the increase and decrease in
basis, income items included in basis, the basis of indebtedness, and
the basis of inherited stock. Shareholders will use Form 7203 to
calculate their stock and debt basis, ensuring the losses and
deductions are accurately claimed.
Current Actions: There are no changes in the form previously
approved by OMB. However, updates in the burden computation will result
in a burden decrease of 51,100 hours.
Type of Review: Revision of a currently approved collection.
Affected Public: Estates and Trusts.
Estimated Number of Respondents: 70,000.
Estimated Time per Respondent: 3 hrs., 3 min.
Estimated Total Annual Burden Hours: 214,200.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2025-14630 Filed 7-31-25; 8:45 am]
BILLING CODE 4810-25-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on August 1, 2025.
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.