Form 706-GS(T) - Generation-Skipping Transfer Tax Return For Terminations

ICR 201606-1545-012 · OMB 1545-1145 · Historical Active

⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1545-1145 can be found here:

Forms and Documents

Document	Type	Status	Availability
Form Form 706-GS(T) Form 706-GS(T) - Generation-Skipping Transfer Tax Return For Terminations	Form	Modified	Repair queued
Supporting Statement (Form 706-GS(T).doc	Supporting Statement A	Uploaded 2016-06-10	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
40044	Form 706-GS(T) - Generation-Skipping Transfer Tax Return For Terminations	Form	Modified

ICR Details

OMB Control No: 1545-1145	ICR Reference No: 201606-1545-012
Status: Historical Active	Previous ICR Reference No: 201304-1545-012
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Form 706-GS(T) - Generation-Skipping Transfer Tax Return For Terminations
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/04/2016
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/30/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2019	36 Months From Approved	07/31/2016
Responses	500	0	500
Time Burden (Hours)	684	0	684
Cost Burden (Dollars)	0	0	0

Abstract: Form 706-GS(T) is used by trustees to compute and report the Federal GST tax imposed by IRC section 2601. IRS uses the information to enforce this tax and to verify that the tax has been properly computed.

Authorizing Statute(s): US Code: 26 USC 2612 Name of Law: Taxable determination; taxable distribution; direct skip
   US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return information
   US Code: 26 USC 2601 Name of Law: Tax Imposed
   US Code: 26 USC 2602 Name of Law: Amount of tax
   US Code: 26 USC 2603 Name of Law: Liability of tax
   US Code: 26 USC 2604 Name of Law: Credit for certain tax
   US Code: 26 USC 2611 Name of Law: Generation-skipping transfer define

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 19714	04/05/2016
30-day Notice:	Federal Register Citation:	Citation Date:
	81 FR 42794	06/30/2016
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form 706-GS(T) - Generation-Skipping Transfer Tax Return For Terminations	Form 706-GS(T)	Generation-Skipping Transfer Tax Return For Terminations

ICR Summary of Burden

	Total Approved	Previously Approved
Annual Number of Responses	500	500
Annual Time Burden (Hours)	684	684
Annual Cost Burden (Dollars)	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

Annual Cost to Federal Government: $300

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Charles Mangrum 202 317-5755

Common Form ICR: No