OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

PS-4-96 (Final) Sale of Residence From Qualified Personal Residence Trust

ICR 200806-1545-035 · OMB 1545-1485 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
PS496.doc Supporting Statement A Uploaded 2008-06-25 Available
IC Document Collections
IC IDCollectionTypeStatusForm
18452 PS-4-96 (Final) Sale of Residence From Qualified Personal Residence Trust Modified
ICR Details
1545-1485 200806-1545-035
Historical Active 200506-1545-029
TREAS/IRS ah-1485-035
PS-4-96 (Final) Sale of Residence From Qualified Personal Residence Trust
Extension without change of a currently approved collection   No
Regular
Approved without change 10/30/2008
Retrieve Notice of Action (NOA) 08/28/2008
  Inventory as of this Action Requested Previously Approved
10/31/2011 36 Months From Approved 10/31/2008
300 0 300
625 0 625
0 0 0
Internal Revenue Code section 2702(a)(3) provides special favorable valuation rules for valuing the gift of a personal residence trust. Regulation section 25.2702-5(a)(2) provides that if the trust fails to comply with the requirements contained in the regulations, the trust will be treated as complying if a statement is attached to the gift tax return reporting the gift stating that a proceeding has been commenced to reform the instrument to comply with the requirements of the regulations.
US Code: 26 USC 2702(a)(3) Name of Law: Valuation rules. Exceptions.
  
None
Not associated with rulemaking
  73 FR 18034 04/02/2008
73 FR 50671 08/27/2008
No
1
IC Title Form No. Form Name
PS-4-96 (Final) Sale of Residence From Qualified Personal Residence Trust
  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 300 300 0 0 0 0
Annual Time Burden (Hours) 625 625 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
George Masnik 202 622-3090
  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.
08/28/2008