T.D. 8743 - Sale of Residence From Qualified Personal Residence Trust

ICR 202101-1545-001 · OMB 1545-1485 · Received in OIRA

⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1545-1485 can be found here:

2024-05-30 - Extension without change of a currently approved collection

Forms and Documents

Document	Type	Status	Availability
T.D. 8743.pdf	Supplementary Document	Uploaded 2021-02-04	Missing upstream
SUP STAT (TD 8743) 1545-1485.docx	Supporting Statement A	Uploaded 2021-03-22	Missing upstream

IC Document Collections

IC ID	Collection	Type	Status	Form
18452	T.D. 8743 - Sale of Residence From Qualified Personal Residence Trust		Modified

ICR Details

OMB Control No: 1545-1485	ICR Reference No: 202101-1545-001
Status: Received in OIRA	Previous ICR Reference No: 201711-1545-042
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: T.D. 8743 - Sale of Residence From Qualified Personal Residence Trust
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular	Date Submitted to OIRA: 03/30/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	03/31/2021
Responses	300	300
Time Burden (Hours)	625	625
Cost Burden (Dollars)	0	0

Abstract: This document contains previously approved final regulations permitting the reformation of a personal residence trust or a qualified personal residence trust in order to comply with the applicable requirements for such trusts. The final regulations also provide that the governing instruments of such trusts must prohibit the sale of a residence held in the trust to the grantor of the trust, the grantor's spouse, or an entity controlled by the grantor or the grantor's spouse.

Authorizing Statute(s): US Code: 26 USC 2702(a)(3) Name of Law: Valuation rules. Exceptions.

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:
	85 FR 81284	12/15/2020
30-day Notice:	Federal Register Citation:	Citation Date:
	86 FR 16657	03/30/2021
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
T.D. 8743 - Sale of Residence From Qualified Personal Residence Trust

ICR Summary of Burden

	Total Request	Previously Approved
Annual Number of Responses	300	300
Annual Time Burden (Hours)	625	625
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: $0

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

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. 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? No

Agency Contact: Lane Damazo 202 317-6859

Common Form ICR: No