103930 Federal Register / Vol. 89, No. 244 / Thursday, December 19, 2024 / Notices 

TABLE 2—FY2025 AVERAGE BURDEN PROJECTIONS BY TOTAL INCOME *—Continued 

Total income Average time 

(hrs.) 

Average 

out-of-pocket 

costs 

Average 

monetized 

burden 

Table 2C—Decedent Estates 

1. <$1 ........................................................................................................................................... 16 2,500 3,400 

2. $1 to $5,000 ............................................................................................................................ 18 2,300 3,000 

3. $5,001 to $10,000 ................................................................................................................... 18 2,900 3,800 

4. $10,001 to $50,000 ................................................................................................................. 18 3,700 5,000 

5. >$50,000 .................................................................................................................................. 21 6,000 8,000 

Source: IRS:RAAS:KDA (11–18–2024). 

* Grantor trusts are not reflected in this table because income from a grantor trust is generally reported on the grantor’s tax return. 

TABLE 3—FY2025 AVERAGE BURDEN PROJECTIONS BY NUMBER OF K–1S ATTACHED * 

Number of K–1s Average time 

(hrs.) 

Average 

out-of-pocket 

costs 

Average 

monetized 

burden 

Table 3A—Simple Trusts 

0 ................................................................................................................................................... 9 $1,000 $1,400 

1–5 ............................................................................................................................................... 8 1,300 1,900 

6–10 ............................................................................................................................................. 13 2,300 3,300 

>10 ............................................................................................................................................... 17 3,300 4,700 

Table 3B—Complex Trusts, Qualified Disability Trusts, Pooled Income Funds, Ch. 7 and 11 Bankruptcy Estates 

0 ................................................................................................................................................... 9 1,200 1,600 

1–5 ............................................................................................................................................... 11 2,200 3,100 

6–10 ............................................................................................................................................. 20 4,300 6,100 

>10 ............................................................................................................................................... 26 5,800 8,100 

Table 3C—Decedent Estates 

0 ................................................................................................................................................... 14 2,400 3,300 

1–5 ............................................................................................................................................... 20 3,800 5,100 

6–10 ............................................................................................................................................. 25 5,400 7,300 

>10 ............................................................................................................................................... 32 7,500 11,000 

Source: IRS:RAAS:KDA (11–18–2024). 

* Grantor trusts are not reflected in this table because they do not use Schedule K–1s. See Instructions to Form 1041, https://www.irs.gov/instructions/i1041. 

Authority: 44 U.S.C. 3501 et seq. 

Melody Braswell, 

Treasury PRA Clearance Officer. 

[FR Doc. 2024–30066 Filed 12–18–24; 8:45 am] 

BILLING CODE 4830–01–P 

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 January 21, 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: Simplified Employee 

Pension—Individual Retirement 

Accounts Contribution Agreement. 

OMB Number: 1545–0499. 

Document Number: 5305–SEP. 

Abstract: Form 5305–SEP is used by 

an employer to make an agreement to 

provide benefits to all employees under 

a Simplified Employee Pension (SEP) 

described in Internal Revenue Code 

section 408(k). This form is not to be 

filed with the IRS but is to be retained 

in the employer’s records as proof of 

establishing a SEP and justifying a 

deduction for contributions to the SEP. 

Current Actions: There are no changes 

to the burden previously approved by 

OMB. This request is to extend the 

current approval for another 3 years. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business and other 

for-profit organizations. 


lotter on DSK11XQN23PROD with NOTICES1
Federal Register / Vol. 89, No. 244 / Thursday, December 19, 2024 / Notices 103931 

Estimated Number of Respondents: 

100,000. 

Estimated Time per Respondent: 4 

hrs., 57 min. 

Estimated Total Annual Burden 

Hours: 495,000. 

2. Title: Internal Revenue Service 

Advisory Council Membership 

Application. 

OMB Number: 1545–1791. 

Form Number: 12339. 

Abstract: The Federal Advisory 

Committee Act (FACA) requires that 

committee membership be balanced in 

terms of points of view represented and 

the functions to be performed. As a 

result, members of specific committees 

often have both the expertise and 

professional skills that parallel the 

program responsibilities of their 

sponsoring agencies. Selection of 

committee members is based on the 

FACA’s requirements and the potential 

member’s background and 

qualifications. Therefore, an application 

is needed to ascertain the desired skills 

set for membership. The IRS will also 

use the information to perform Federal 

income tax, background, and 

practitioner checks as required of all 

members and applicants to the 

Committee or Council. Information 

provided will be used to qualify or 

disqualify individuals to serve as 

members. 

Current Actions: Minor changes were 

made to form 12239 that included in 

part 1—there are now 6 check boxes 

instead of 5, and Part V—a check box 

has been added. Changes to the burden 

estimates are due to the most current 

filing data. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Individuals or 

households. 

Estimated Number of Respondents: 

100. 

Estimated Time per Response: 1 hr. 30 

min. 

Estimated Total Annual Burden 

Hours: 150. 

3. Title: Consumer Cooperative 

Exemption Application. 

OMB Number: 1545–1941. 

Form Number: 3491. 

Abstract: A cooperative uses Form 

3491 to apply for exemption from filing 

Form 1099–PATR, Taxable Distributions 

received from Cooperatives. Form 1099– 

PATR is used to report patronage 

distributions of $10 or more to a 

recipient during the calendar year. 

Current Actions: There is no change to 

the paperwork burden previously 

approved by OMB. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit, individuals or households, and 

farms. 

Estimated Number of Respondents: 

200. 

Estimated Time per Response: 44 min. 

Estimated Total Annual Burden 

Hours: 148 hours. 

4. Title: Employee Retention Credit 

for Employers Affected by Qualified 

Disaster. 

OMB Number: 1545–1978. 

Form Number: Form 5884–A. 

Abstract: Form 5884–A is used to 

figure certain credits for disaster area 

employers. These credits typically 

include employee retention credits for 

eligible employers who conducted an 

active trade or business in certain 

disaster areas. The credit is equal to 40 

percent of qualified wages for each 

eligible employee (up to a maximum of 

$6,000 in qualified wages per 

employee). The estimates in this notice 

are for estates and trusts filing Form 

5884–A. 

Current Actions: There is no change to 

the burden previously approved by 

OMB. However, the estimated number 

of responses was reduced to eliminate 

duplication of burden estimates. The 

estimated burden for individuals filing 

Form 5884–A is approved under OMB 

control number 1545–0074, and the 

estimated burden for businesses filing 

Form 5884–A is approved under OMB 

control number 1545–0123. 

Type of Review: Extension of a 

currently approved collection. 

Affected Public: Business or other forprofit organizations, and farms. 

Estimated Number of Respondents: 

120. 

Estimated Time per Respondent: 2.55 

hours. 

Estimated Total Annual Burden 

Hours: 306. 

Authority: 44 U.S.C. 3501 et seq. 

Melody Braswell, 

Treasury PRA Clearance Officer. 

[FR Doc. 2024–30254 Filed 12–18–24; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Proposed Collection; Comment 

Request for Forms 1065, 1066, 1120, 

1120–C, 1120–F, 1120–H, 1120–ND, 

1120–S,1120–SF,1120–FSC,1120– 

L,1120–PC,1120–REIT,1120–RIC,1120– 

POL, and Related Attachments 

AGENCY: Departmental Offices, U.S. 

Department of the Treasury. 

ACTION: Notice. 

SUMMARY: The Internal Revenue Service, 

as part of its continuing effort to reduce 

paperwork and respondent burden, 

invites the general public and other 

Federal agencies to take this 

opportunity to comment on proposed 

and/or continuing information 

collections, as required by the 

Paperwork Reduction Act of 1995 

(PRA). The IRS is soliciting comments 

on forms used by business entity 

taxpayers. 

DATES: Comments should be received on 

or before January 21, 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) 

Title: U.S. Business Income Tax 

Return. 

OMB Number: 1545–0123. 

Form Numbers: Forms 1065, 1066, 

1120, 1120–C, 1120–F, 1120–H, 1120– 

ND, 1120–S, 1120–SF, 1120–FSC, 1120– 

L, 1120–PC, 1120–REIT, 1120–RIC, 

1120–POL and all attachments to these 

forms. 

Abstract: These forms are used by 

businesses to report their income tax 

liability. 

Current Actions: There have been 

changes in regulatory guidance related 

to various forms approved under this 

approval package during the past year. 

There have been additions and removals 

of forms included in this approval 

package This approval package is being 

submitted for renewal purposes. 

Type of Review: Revision of a 

currently approved collection. 

Affected Public: Corporations, 

Partnerships and Pass-Through Entities. 

Estimated Number of Respondents: 

13,900,000. 

Estimated Time per Respondent 

(Hours): 67 hours, 25 minutes. 

Estimated Total Annual Time (Hours): 

935,100,000. 

Estimated Total Annual Monetized 

Time ($): 56,152,000,000. 

Estimated Total Out-of-Pocket Costs 

($): 71,617,000,000. 


lotter on DSK11XQN23PROD with NOTICES1