90 FR 146 pgs. 36283-36285 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service (IRS) Information Collection Requests
Type: NOTICEVolume: 90Number: 146Pages: 36283 - 36285
Pages: 36283, 36284, 36285FR document: [FR Doc. 2025-14630 Filed 7-31-25; 8:45 am]
Agency: Treasury Department
Official PDF Version: PDF Version
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple Internal Revenue Service (IRS) Information Collection Requests
AGENCY:
Departmental Offices, U.S. Department of the Treasury.
ACTION:
Notice.
SUMMARY:
The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests.
DATES:
Comments should be received on or before September 2, 2025 to be assured of consideration.
ADDRESSES:
Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/PRAMain. Find this particular information collection by selecting "Currently under 30-day Review-Open for Public Comments" or by using the search function.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be obtained from Melody Braswell by emailing PRA@treasury.gov, calling (202) 622-1035, or viewing the entire information collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
1. Title: Opinion Letter Applications for Pre-Approved Plans (Forms 4461, 4461-A, 4461-B, and Form 4461-C).
OMB Number: 1545-0169.
Form Number: 4461, 4461-A, 4461-B, and 4461-C.
[top] Abstract: The IRS uses these forms to determine from the information submitted whether the provider or mass
Current Actions: There are no changes being made to the forms and burden estimates at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 2925.
Estimated Time per Respondent: 149 hours, 49 minutes.
Estimated Total Annual Burden Hours: 39,153 hours.
2. Title: Application for Determination for Terminating Plan and Distributable Benefits from Employee Pension Benefit Plans.
OMB Control Number: 1545-0202.
Form Number: Form 5310 and Form 6608.
Abstract: Employers who have qualified deferred compensation plans can take an income tax deduction for contributions to their plans. Form 5310 is used to request an IRS determination letter about the plan's qualification status (qualified or non-qualified) under Internal Revenue Code sections 401(a) or 403(a) of a pension. Form 6088 is used by the IRS to analyst an application for a determination letter on the qualification of the plan upon termination.
Current Actions: There is no change to the previously approved information collection.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Responses: 935.
Estimated Time per Response: 105 hours, 8 minutes.
Estimated Total Annual Burden Hours: 65,323.
3. Title: Request for Discharge from Personal Liability Under Internal Revenue Code Section 2204 or 6905.
OMB Number: 1545-0432.
Form Number: 5495.
Abstract: Form 5495 provides guidance under sections 2204 and 6905 for executors of estates and fiduciaries of decedent's trusts. The form, filed after regular filing of an Estate, Gift, or Income tax return for a decedent, is used by the executor or fiduciary to request discharge from personal liability for any deficiency for the tax and periods shown on the form.
Current Actions: There are no changes to the paperwork burden previously approved by OMB. This form is being submitted for renewal purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Respondents: 25,000.
Estimated Time per Respondent: 12 hrs. 16 min.
Estimated Total Annual Burden Hours: 306,500 hours.
4. Title: Allocation of Expenses by Real Estate Mortgage Investment Conduits.
OMB Control Number: 1545-1018.
Regulation Project Number: TD 8266 and 8431.
Abstract Internal Revenue Code (IRC) sections 67 and 6049 and their regulations provide rules for certain deductions and income, as well as information disclosure requirements regarding the income and deductions. Treasury Regulations section 1.67-3(f)(4)(ii) requires single-class REMICs to provide certain IRC section 67 information to a person holding a regular interest in the single-class REMIC pursuant to section 1.6049-7(e). Treasury Regulations section 1.6049-7(e) requires the REMIC to provide certain information to brokers and middlemen who request the information to complete information returns. Treasury Regulations Section 1.6049-7(f)(7) requires brokers and middlemen to furnish certain information to corporations, non-calendar year taxpayers, and other specified persons who requests the information and for whom the broker or middleman holds as a nominee a REMIC regular interest or a collateralized debt obligation.
Current Actions: There is no change to the previously approve collection.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Responses: 9,725.
Estimated Time per Respondent: 6,978 minutes.
Estimated Total Annual Burden Hours: 978.
5. Title: Notice of Plan Merger or Consolidation, Spinoff, or Transfer of Plan Assets or Liabilities, Notice of Qualified Separate Lines of Business.
OMB Number: 1545-1225.
Project Number: Form 5310-A.
Abstract: Internal Revenue Code section 6058(b) requires plan administrators to notify IRS of any plan mergers, consolidations, spinoffs, or transfers of plan assets or liabilities to another plan. Code section 414(r) requires employers to notify IRS of separate lines of business for their deferred compensation plans. Form 5310-A is used to make these notifications.
Current Actions: There is no change in the paperwork burden previously approved by OMB. This form is being submitted for renewal purposes only.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Respondents: 935.
Estimated Time per Respondent: 14 hrs. 56 min.
Estimated Total Annual Burden Hours: 7,631.
6. Title: Reporting Requirements for Widely Held Fixed Investment Trusts.
OMB Number: 1545-1540.
Regulation Project Number: TD 9308.
Abstract: Under regulation section 1.671-5, the trustee or the middleman who holds an interest in a widely held fixed investment trust for an investor will be required to provide a Form 1099 to the IRS and a tax information statement to the investor. The trust is also required to provide more detailed tax information to middlemen and certain other persons, upon request.
Current Actions: There are no changes to the paperwork burden previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Respondents: 1,200.
Estimated Time per Respondent: 2 hours.
Estimated Total Annual Burden Hours: 2,400.
7. Title: Qualifying Advanced Coal Project Program.
OMB Number: 1545-2003.
Notice Number: Notice 2020-88.
Abstract: This notice updates and amplifies the procedures for the allocation of §?48A Phase III credits by announcing the beginning of Round 3 of the §?48A Phase III Program. To be considered in Round 3 of the §?48A Phase III Program, applications must be submitted to the Department of Energy (DOE) (Application for DOE Certification) and to the IRS (Application for §?48A Certification).
[top] Current Actions: There are changes to the existing collection. The notice updates prior procedures to comply with the requirements of Round 3 of the §?48A Phase III Program.
Type of Review: Revision of a currently approved collection.
Affected Public: Businesses and other for-profit organizations.
Estimated Number of Responses: 5.
Estimated Time per Respondent: 110 hours.
Estimated Total Annual Burden Hours: 550 hours.
8. Title: S Corporation Shareholder Stock and Debt Basis Limitations.
OMB Number: 1545-2302.
Document Number: Forms 7203.
Abstract: Internal Revenue Code (IRC) Section 1366 determines the shareholder's tax liability from an S corporation. IRC Section 1367 details the adjustments to basis including the increase and decrease in basis, income items included in basis, the basis of indebtedness, and the basis of inherited stock. Shareholders will use Form 7203 to calculate their stock and debt basis, ensuring the losses and deductions are accurately claimed.
Current Actions: There are no changes in the form previously approved by OMB. However, updates in the burden computation will result in a burden decrease of 51,100 hours.
Type of Review: Revision of a currently approved collection.
Affected Public: Estates and Trusts.
Estimated Number of Respondents: 70,000.
Estimated Time per Respondent: 3 hrs., 3 min.
Estimated Total Annual Burden Hours: 214,200.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2025-14630 Filed 7-31-25; 8:45 am]
BILLING CODE 4810-25-P