OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Excise Tax Relating to Gain or Other Income Realized by Any Person on Receipt of Greenmail

ICR 202501-1545-003 · OMB 1545-1049 · Received in OIRA

Forms and Documents
DocumentTypeStatusAvailability
Form 8725 Excise Tax Relating to Gain or Other Income Realized by Any Person on Receipt of Greenmail Form and Instruction Modified Repair queued
2025 Supporting Statement (1545-1049).docx Supporting Statement A Uploaded 2025-04-02 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
17742 Excise Tax Relating to Gain or Other Income Realized by Any Person on Receipt of Greenmail Form and Instruction Modified
ICR Details
1545-1049 202501-1545-003
Received in OIRA 202201-1545-006
TREAS/IRS
Excise Tax Relating to Gain or Other Income Realized by Any Person on Receipt of Greenmail
Extension without change of a currently approved collection   No
Regular 04/30/2025
  Requested Previously Approved
36 Months From Approved 05/31/2025
12 12
92 92
0 0
Section 5881 of the Internal Revenue Code of 1986 imposes a nondeductible excise tax on any person with respect to receipt of greenmail. This tax is equal to 50 percent of the gain realized, whether or not recognized, by the person on the receipt of greenmail.
US Code: 26 USC 5881 Name of Law: Greenmail
  
None
Not associated with rulemaking
  89 FR 87725 11/04/2024
90 FR 17507 04/25/2025
No
1
IC Title Form No. Form Name
Excise Tax Relating to Gain or Other Income Realized by Any Person on Receipt of Greenmail 8725 Excise Tax on Greenmail
  Total Request 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 12 12 0 0 0 0
Annual Time Burden (Hours) 92 92 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$19,285
No
    Yes
    Yes
No
No
No
No
Michael Cyrus 202 927-9545
  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.
04/30/2025