OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Form 3520-A--Annual Information Return of Foreign Trust With a U.S. Owner

ICR 201010-1545-019 · OMB 1545-0160 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Form 3520-A Annual Information Return of Foreign Trust With a U.S. Owner Form Modified Available
Justification Statement .doc Justification for No Material/Nonsubstantive Change Uploaded 2010-10-15 Available
Expiration Explanation.rtf Supplementary Document Uploaded 2009-12-23 Available
3520a_SupStat.doc Supporting Statement A Uploaded 2011-01-21 Available
IC Document Collections
IC IDCollectionTypeStatusForm
17034 Annual Information Return of Foreign Trust With a U.S. Owner Form Modified
ICR Details
1545-0160 201010-1545-019
Historical Active 200912-1545-014
TREAS/IRS EC-1545-0160-019
Form 3520-A--Annual Information Return of Foreign Trust With a U.S. Owner
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved with change 01/21/2011
Retrieve Notice of Action (NOA) 11/12/2010
Prior to the any future renewal of this information collection (and any revisions to this form), IRS will take into consideration public comment received that recommended incorporating a de minimis threshold related to the reporting requirements of Form 3520-A. IRS' decisions on this matter must be reported in the supporting statement of any future submissions.
  Inventory as of this Action Requested Previously Approved
02/28/2013 02/28/2013 02/28/2013
500 0 500
21,700 0 21,700
0 0 0
Section 6048(b) requires that foreign trusts with at least one U.S. beneficiary must file an annual information return on Form 3520-A. The form is used to report the income and deductions of the foreign trust and provide statements to the U.S. owners and beneficiaries. IRS uses Form 3520-A to determine if the U.S. owner of the trust has included the net income of the trust in it's gross income.
US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return information
   US Code: 26 USC 6048(b) Name of Law: United States owner of foreign trust.
   US Code: 26 USC 6109 Name of Law: Identifying numbers
  
None
Not associated with rulemaking
  74 FR 32033 07/06/2009
74 FR 69377 12/31/2009
No
  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 500 500 0 0 0 0
Annual Time Burden (Hours) 21,700 21,700 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
To reflect final regulations per T.D. 9501 under 26 U.S.C. 6109 the form now asks for the Preparer's PTIN and no longer give the option of providing a social security number.
$9,400
No
No
No
No
No
Uncollected
D. Regier 202 622-3695
  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.
11/12/2010