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Federal forms, ICRs, and supporting documents

Information Collection Request

U.S. Income Tax Return for Qualified Funeral Trusts

ICR 201306-1545-030 · OMB 1545-1593 · Historical Active

Forms and Documents
DocumentTypeStatusAvailability
Form 1041 QFT U.S. Income Tax Return for Qualified Funeral Trusts Form and Instruction Modified Available
Justification_for_Change.doc Justification for No Material/Nonsubstantive Change Uploaded 2013-12-05 Available
IC Document Collections
IC IDCollectionTypeStatusForm
18852 U.S. Income Tax Return for Qualified Funeral Trusts Form and Instruction Modified
ICR Details
1545-1593 201306-1545-030
Historical Active 201302-1545-011
TREAS/IRS
U.S. Income Tax Return for Qualified Funeral Trusts
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 12/10/2013
Retrieve Notice of Action (NOA) 12/05/2013
  Inventory as of this Action Requested Previously Approved
04/30/2016 04/30/2016 04/30/2016
15,000 0 15,000
277,500 0 270,150
0 0 0
IRC section 685 allows the trustee of a qualified funeral trust to elect to report and pay the tax for the trust. Data is used to determine that the trustee filed the proper return and paid the correct tax.
US Code: 26 USC 685 Name of Law: Treatment of funeral costs.
  
PL: Pub.L. 111 - 152 1141 Name of Law: null
Not associated with rulemaking
  77 FR 64378 10/19/2012
78 FR 13758 02/28/2013
No
1
IC Title Form No. Form Name
U.S. Income Tax Return for Qualified Funeral Trusts 1041 QFT U.S. Income Tax Return for Qualified Funeral Trusts
  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 15,000 15,000 0 0 0 0
Annual Time Burden (Hours) 277,500 270,150 7,350 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The new investment tax, under IRC section 1411, effective for tax years beginning after December 31, 2012, will be included on Form 1041-QFT by inserting new lines at 15 and 16 of the form and renumbering the remaining lines to accommodate the additions. P.L. 111-152. Net investment income tax. For tax years beginning in 2013, an estate or trust may be subject to net investment income tax (NIIT). NIIT is a 3.8% tax on the lesser of an estate's or trust's undistributed net investment income or the excess of the estate's or trust's adjusted gross income over a specified threshold amount. NIIT may need to be included when figuring estimated tax. The increase of 7,350 burden hours is due to new statute.
$200
No
No
No
No
No
Uncollected
Esther Woodworth 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.
12/05/2013