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Federal forms, ICRs, and supporting documents

Information Collection Request

Notice Concerning Fiduciary Relationship / Notice Concerning Fiduciary Relationship of Financial Institution

ICR 201809-1545-015 · OMB 1545-0013 · Active

Forms and Documents
DocumentTypeStatusAvailability
Form 56-F Form 56-F Form and Instruction Modified Available
Form 56 Form 56, Notice Concerning Fiduciary Relationship / Form 56-F, Notice Concerning Fiduciary Relationship of Financial Institution Form Modified Available
2019-03-11_SS_1545-0013rKD.docx Supporting Statement A Uploaded 2019-03-11 Available
IC Document Collections
IC IDCollectionTypeStatusForm
216670 Form 56-F Form and Instruction Modified
16737 Form 56, Notice Concerning Fiduciary Relationship / Form 56-F, Notice Concerning Fiduciary Relationship of Financial Institution Form Modified
ICR Details
1545-0013 201809-1545-015
Active 201504-1545-008
TREAS/IRS
Notice Concerning Fiduciary Relationship / Notice Concerning Fiduciary Relationship of Financial Institution
Extension without change of a currently approved collection   No
Regular
Approved with change 03/21/2019
Retrieve Notice of Action (NOA) 11/30/2018
OMB understands that the IRS is currently in the process of revising the methodology it uses to estimate burden and costs. OMB expects that future ICRs under this OMB control number will include dollar estimates of annual burden costs to taxpayers calculated using this revised methodology.
  Inventory as of this Action Requested Previously Approved
03/31/2022 36 Months From Approved 03/31/2019
174,050 0 174,050
349,786 0 349,786
0 0 0
Form 56 is used to inform the IRS that a person in acting for another person in a fiduciary capacity so that the IRS may mail tax notices to the fiduciary concerning the person for whom he/she is acting. The data is used to ensure that the fiduciary relationship is established or terminated and to mail or discontinue mailing designated tax notices to the fiduciary. The filing of Form 56-F by a fiduciary (FDIC or other federal agency acting as a receiver or conservator of a failed financial institution (bank or thrift) gives the IRS the necessary information to submit send letters, notices, and notices of tax liability to the federal fiduciary now in charge of the financial institution rather than sending the notice, etc. to the institution's last known address.
US Code: 26 USC 6103 Name of Law: Confidentiality and disclosure of returns and return information
   US Code: 26 USC 6903 Name of Law: Notice of fiduciary relationship
   US Code: 26 USC 6036 Name of Law: Notice of qualification as executor or receiver
   US Code: 26 USC 6402 Name of Law: Authority to make credits and return
  
None
Not associated with rulemaking
  83 FR 42355 08/21/2018
83 FR 61722 11/30/2018
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 174,050 174,050 0 0 0 0
Annual Time Burden (Hours) 349,786 349,786 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$18,471
No
    Yes
    No
No
No
No
Uncollected
Christine Best 859 320-3410 [email protected]
  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.
11/30/2018