103926 Federal Register / Vol. 89, No. 244 / Thursday, December 19, 2024 / Notices 

Lisa M. Palluconi, 

Acting Director, Office of Foreign Assets 

Control. 

[FR Doc. 2024–30248 Filed 12–18–24; 8:45 am] 

BILLING CODE 4810–AL–C 

DEPARTMENT OF THE TREASURY 

Agency Information Collection 

Activities; Submission for OMB 

Review; Collection; 

Comment Request for Trust and Estate 

Income Tax Returns and Related Forms 

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 


lotter on DSK11XQN23PROD with NOTICES1EN19DE24.020</GPH>

Designated pursuant to section l(a)(i) ofE.O. 14024 as amended by E.O. 14114 

for operating or having operated in the transportation sector of the Russian 

Federation economy. 

5. SIBREGIONGAZ, AO (a.k.a. SIBREGIONGAZ ZAO (Cyrillic: 3AO 

CllBPEfllOHf A3); a.k.a. ZAKRYTOE AKTSIONERNOE OBSHCHESTVO 

(Cyrillic: 3AKPhITOE AK[(llOHEPHOE OBII(ECTBO CllBPEfllOHf A3)), d. 

82 ofis 104/ 4, Prospekt Krasny, Novosibirsk, Novosibirsk Region 630091, 

Russia; Secondary sanctions risk: See Section 11 of Executive Order 14024.; 

Organization Established Date 24 Jul 2003; Tax ID No. 5406258514 (Russia); 

Registration Number 1035402498999 (Russia) [RUSSIA-EO14024]. 

Designated pursuant to section l(a)(i) ofE.O. 14024 as amended by E.O. 14114 

for operating or having operated in the transportation sector of the Russian 

Federation economy. 

6. GOLDEN TRIANGLE BANK (Hangul: %1--a- 0 1 M.z.t-2? ~~;Chinese 

Simplified:~- ~t~fi) (a.k.a. GOLDEN DELTA BANK; a.k.a. "GTB"), GTB 

Building, Namsan-Dong Rason, Namsan, Korea, North; Rajin-Songbong Free 

Economic and Trade Zone, Korea, North; SWIFT/BIC KGTBKPPl; Secondary 

sanctions risk: North Korea Sanctions Regulations, sections 510.201 and 510.210; 

Transactions Prohibited For Persons Owned or Controlled By U.S. Financial 

Institutions: North Korea Sanctions Regulations section 510.214; Organization 

Established Date Feb 1995; Target Type Financial Institution [DPRK4]. 

Designated pursuant to section l(a)(i) ofE.O. 13810 for operating in the 

construction, energy, financial services, fishing, information technology, 

manufacturing, medical, mining, textiles, or transportation industries in North 

Korea. 

7. KOREA MANDAL CREDIT BANK (a.k.a. MANDAL CREDIT BANK; a.k.a. 

"ANSAN"; a.k.a. "KMCB"), P'yo'ngch'o'n District, Ansan 2-dong, Pyongyang, 

Korea, North; Secondary sanctions risk: North Korea Sanctions Regulations, 

sections 510.201 and 510.210; Transactions Prohibited For Persons Owned or 

Controlled By U.S. Financial Institutions: North Korea Sanctions Regulations 

section 510.214; Target Type Financial Institution [DPRK4]. 

Designated pursuant to section l(a)(i) ofE.O. 13810 for operating in the 

construction, energy, financial services, fishing, information technology, 

manufacturing, medical, mining, textiles, or transportation industries in North 

Korea. 
Federal Register / Vol. 89, No. 244 / Thursday, December 19, 2024 / Notices 103927 

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 Trust and Estate Income Tax Returns 

and Related Forms. 

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: Trust and Estate Income Tax 

Returns and related Forms. 

OMB Number: 1545–0092. 

Form Numbers: 1041, 1041 A, 1041 

ES, 1041 ES (OCR), 1041 N, 1041 QFT, 

1041 SCH D, 1041 SCH I, 1041 SCH J, 

1041 SCH K–1, 1041 T, 1041 V, 172, 

461, 926, 965 A, 982, 1040 SCH C, 1040 

SCH E, 1040 SCH F, 1040 SCH H, 1045, 

1065 SCH D, 1065 SCH K–2, 1116, 1116 

SCH B, 1116 SCH C, 2210, 2210 F, 2439, 

3115, 3468, 3800, 4136, 4255, 4562, 

4684, 4797, 4952, 4970, 4972, 5227, 

5329, 5471, 5471 SCH E, 5471 SCH G1, 

5471 SCH H, 5471 SCH I1, 5471 SCH J, 

5471 SCH M, 5471 SCH O, 5471 SCH P, 

5471 SCH Q, 5471 SCH R, 5713, 5713 

SCH B, 5713 SCH C, 5884, 5884 A, 

6198, 6252, 6478, 6765, 6781, 7205, 

7207, 7210, 7211, 7213, 7217, 7218, 

8082, 8275, 8275 R, 8453 FE, 8582, 8582 

CR, 8586, 8594, 8609 A, 8611, 8621, 

8697, 8801, 8820, 8824, 8825, 8826, 

8829, 8830, 8833, 8835, 8844, 8845, 

8846, 8855, 8858, 8858 SCH M, 8864, 

8865, 8865 SCH G, 8865 SCH H, 8865 

SCH K–1, 8865 SCH K–2, 8865 SCH K– 

3, 8865 SCH O, 8865 SCH P, 8866, 8873, 

8879 F, 8881, 8882, 8886, 8896, 8903, 

8904, 8908, 8910, 8911, 8911 SCH A, 

8912, 8918, 8932, 8933, 8933 SCH A, 

8933 SCH B, 8933 SCH C, 8933 SCH D, 

8933 SCH E, 8933 SCH F, 8936, 8938, 

8941, 8949, 8960, 8978, 8978 SCH A, 

8990, 8992, 8992 SCH A, 8994, 8995, 

8995 A, 8995 A SCH A, 8995 A SCH B, 

8995 A SCH C, 8995 A SCH D, 8997, 

8582–CR, 8609–A, T, and associated. 

Abstract: These forms are used by 

trusts and estates to comply with their 

income tax reporting requirement. The 

data is used to verify that the items 

reported on the forms are correct. 

Current Actions: The burden 

estimation methodology for trust and 

estate tax is being transitioned from the 

legacy Arthur D. Little (ADL) 

methodology to the IRS Taxpayer 

Burden Model. The changes discussed 

above result in a burden hour estimate 

of 31,900,000 hours, a decrease in total 

estimated time burden of 364,570,339 

hours. The newly reported total out-ofpocket costs is $5,501,000,000 and total 

monetized burden is $7,573,000,000. 

The change related to the transition of 

the burden estimate from the legacy 

ADL model methodology to the IRS 

Taxpayer Burden Model, is a one-time 

change. In addition, changes are being 

made to the forms to be current with 

enacted legislation. 

Type of Review: Revision of currently 

approved collection. 

Affected Public: Trusts and Estates. 

Estimated Number of Respondents: 

3,070,000. 

Estimated Time per Respondent 

(Hours): 10 minutes, 40 minutes. 

Estimated Total Annual Time (Hours): 

31,900,000 hours. 

Estimated Total Annual Monetized 

Time ($): 2,072,000,000. 

Estimated Annual Monetized Time 

per Respondent ($): 693. 

Estimated Total Out-of-Pocket Costs 

($): 5,501,000,000. 

Estimated Out-of-Pocket Cost per 

Respondent ($): 1,838. 

Estimated Total Monetized Burden 

($): 7,573,000,000. 

Estimated Monetized Burden per 

Respondent ($): 2,531. 

Note: Total Monetized Burden = Total Outof-Pocket Costs + Total Annual Monetized 

Time. 

Change in PRA Approval of Forms 

Used by Trusts and Estates 

Under the PRA, OMB assigns a 

control number to each ‘‘collection of 

information’’ that it reviews and 

approves for use by an agency. A single 

information collection may consist of 

one or more forms, recordkeeping 

requirements, and/or third-party 

disclosure requirements. Under the PRA 

and OMB regulations, agencies have the 

discretion to seek separate OMB 

approvals for forms, recordkeeping 

requirements, and third-party reporting 

requirements or to combine any number 

of forms, recordkeeping requirements, 

and/or third-party disclosure 

requirements (usually related in subject 

matter) under one OMB Control 

Number. Agency decisions on whether 

to group individual requirements under 

a single OMB Control Number or to 

disaggregate them and request separate 

OMB Control Numbers are based largely 

on considerations of administrative 

practicality. 

The PRA also requires agencies to 

estimate the burden for each collection 

of information. Accordingly, each OMB 

Control Number has an associated 

burden estimate. The burden estimates 

for each control number are displayed 

in (1) the PRA notices that accompany 

collections of information, (2) Federal 

Register notices such as this one, and 

(3) in OMB’s database of approved 

information collections. If more than 

one form, recordkeeping requirement, 

and/or third-party disclosure 

requirement is approved under a single 

control number, then the burden 

estimate for that control number reflects 

the burden associated with all of the 

approved forms, recordkeeping 

requirements, and/or third-party 

disclosure requirements. 

As described below under the heading 

‘‘Updated Burden Estimate 

Methodology,’’ the IRS’s currently 

accepted burden estimate methodology, 

referred to as the IRS Taxpayer Burden 

Model, is based on taxpayers’ tax 

reporting experience taking into 

account, among other things, the forms 

and schedules used by those taxpayers 

and the recordkeeping and other 

activities needed to complete those 

forms. The transition of the trust and 

estate income tax reporting burden 

represents the IRS’s continued effort to 

improve the ability of IRS to measure 

the burden imposed on various groups 

of taxpayers by the federal tax system. 

While the improved methodology 

provides a more accurate and 

comprehensive description of the trust 

and estate income tax reporting burden, 

it will not provide burden estimates on 

a form-by-form basis, as has been done 

under the previous methodology. When 

the prior model, known as the legacy 

Arthur D. Little (ADL) model was 

developed in the mid-1980s, almost all 

tax returns were prepared manually, 

either by the taxpayer or a paid 

provider. In this context, it was 

determined that estimating burden on a 

form-by-form, line-by-line basis was an 

appropriate methodology. Trust and 

estate income tax returns are 

increasingly being prepared using 

software or with preparer assistance. In 

this current reporting environment, in 

which many taxpayers’ activities are no 

longer as directly associated with 

particular forms, estimating burden on a 


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103928 Federal Register / Vol. 89, No. 244 / Thursday, December 19, 2024 / Notices 

form-by-form basis is not an appropriate 

method of estimating taxpayer burden. 

The IRS Taxpayer Burden Model, which 

takes into account broader and more 

comprehensive taxpayer characteristics 

and activities, provides a much more 

accurate and useful estimate of taxpayer 

burden. 

Currently, there are 153 forms and 27 

regulations used by trust and estates 

pertaining to their income tax reporting 

requirements. These include Forms 

1041, 1041 A, 1041 ES, 1041 ES (OCR), 

1041 N, 1041 QFT, 1041 SCH D, 1041 

SCH I, 1041 SCH J, 1041 SCH K–1, 1041 

T, 1041 V, 172, 461, 926, 965 A, 982, 

1040 SCH C, 1040 SCH E, 1040 SCH F, 

1040 SCH H, 1045, 1065 SCH D, 1065 

SCH K–2, 1116, 1116 SCH B, 1116 SCH 

C, 2210, 2210 F, 2439, 3115, 3468, 3800, 

4136, 4255, 4562, 4684, 4797, 4952, 

4970, 4972, 5227, 5329, 5471, 5471 SCH 

E, 5471 SCH G1, 5471 SCH H, 5471 SCH 

I1, 5471 SCH J, 5471 SCH M, 5471 SCH 

O, 5471 SCH P, 5471 SCH Q, 5471 SCH 

R, 5713, 5713 SCH B, 5713 SCH C, 5884, 

5884 A, 6198, 6252, 6478, 6765, 6781, 

7205, 7207, 7210, 7211, 7213, 7217, 

7218, 8082, 8275, 8275 R, 8453 FE, 

8582, 8582 CR, 8586, 8594, 8609 A, 

8611, 8621, 8697, 8801, 8820, 8824, 

8825, 8826, 8829, 8830, 8833, 8835, 

8844, 8845, 8846, 8855, 8858, 8858 SCH 

M, 8864, 8865, 8865 SCH G, 8865 SCH 

H, 8865 SCH K–1, 8865 SCH K–2, 8865 

SCH K–3, 8865 SCH O, 8865 SCH P, 

8866, 8873, 8879 F, 8881, 8882, 8886, 

8896, 8903, 8904, 8908, 8910, 8911, 

8911 SCH A, 8912, 8918, 8932, 8933, 

8933 SCH A, 8933 SCH B, 8933 SCH C, 

8933 SCH D, 8933 SCH E, 8933 SCH F, 

8936, 8938, 8941, 8949, 8960, 8978, 

8978 SCH A, 8990, 8992, 8992 SCH A, 

8994, 8995, 8995 A, 8995 A SCH A, 

8995 A SCH B, 8995 A SCH C, 8995 A 

SCH D, 8997, 8582–CR, 8609–A, T, and 

their schedules. For most of these forms, 

IRS has in the past obtained separate 

OMB approvals under unique OMB 

Control Numbers and separate burden 

estimates. 

The IRS Taxpayer Burden Model 

methodology estimates the aggregate 

burden imposed on trusts and estates, 

based upon their reporting-related 

characteristics and activities. IRS 

therefore will seek OMB approval of all 

153 trust and estate income tax forms as 

a single ‘‘collection of information.’’ The 

aggregate burden of these tax forms will 

be accounted for under OMB Control 

Number 1545–0092, which is currently 

assigned to Form 1041. OMB Control 

Number 1545–0092 will be displayed on 

all trust and estate income tax forms and 

related information collections. As a 

result of this change, burden estimates 

for trust and estate income taxes will 

now be displayed differently in PRA 

Notices on tax forms and other 

information collections, and in Federal 

Register notices. This new way of 

displaying burden is presented below 

under the heading ‘‘Proposed PRA 

Submission to OMB.’’ 

Updated Burden Estimate Methodology 

The IRS Taxpayer Burden Model 

methodology revises the estimates of the 

levels of burden experienced by trusts 

and estates when complying with their 

federal reporting requirements 

pertaining to income taxes. It replaces 

the legacy ADL model methodology 

developed in the mid-1980s. Since that 

time, improved technology and 

modeling sophistication have enabled 

the IRS to improve the burden 

estimates. The IRS Taxpayer Burden 

Model methodology provides taxpayers 

and the IRS with a more comprehensive 

understanding of the current levels of 

taxpayer burden. It reflects major 

changes over the past two decades in 

the way taxpayers prepare and file their 

returns. The IRS Taxpayer Burden 

Model methodology also represents a 

substantial step forward in the IRS’s 

ability to assess likely impacts of 

administrative and legislative changes 

on trusts and estates. 

The IRS Taxpayer Burden Model 

methodology focuses on the 

characteristics and activities of trusts 

and estates rather than solely focusing 

on the forms they file. Key determinants 

of taxpayer burden in the model are the 

type of trust or estate, the number of 

beneficiaries, level of the trust or 

estate’s income, and the complexity of 

the trust or estate’s income generated 

from assets and investments. Indicators 

of tax law and administrative 

complexity, as reflected in the tax forms 

and instructions, are incorporated into 

the model. Tax compliance burden does 

not include a taxpayer’s tax liability, 

economic inefficiencies caused by suboptimal choices related to tax 

deductions or credits, or psychological 

costs. The legacy ADL model 

methodology primarily focused on the 

number of line items of each tax form. 

The changes between the old and new 

burden estimates are due to the 

improved ability of the IRS Taxpayer 

Burden Model methodology to measure 

burden and the expanded scope of what 

is measured. These changes create a 

one-time shift in the estimate of 

imposed burden. It is important to note 

that the difference between the legacy 

ADL estimate and the IRS Taxpayer 

Burden Model estimate do not reflect 

any change in the actual burden 

imposed by taxpayers. 

Methodology 

Burden is defined as the time and outof-pocket costs incurred by taxpayers to 

comply with their federal tax reporting 

responsibilities. As has been done for 

individual taxpayer burden since 2005, 

business entity burden since 2014, taxexempt organization burden since 2018, 

and employer taxpayer burden since 

2023, both the time expended and the 

out-of-pocket costs for trusts and estates 

are estimated. The IRS Taxpayer Burden 

Model methodology relies on surveys 

that gather data about time and out-ofpocket costs that trusts and estates 

spend on pre-filing and filing activities. 

The methodology establishes 

econometric relationships between tax 

return characteristics and reported 

compliance costs. The methodology 

controls for the substitution of time and 

money by monetizing time and 

reporting total compliance costs in 

dollars. This methodology better reflects 

taxpayer compliance burden, because in 

a world of electronic tax preparation, 

time and out-of-pocket costs are 

governed by the information required 

rather than the form on which it is 

ultimately reported. Importantly, even 

where various trusts and estates 

complete the same tax form lines, the 

new methodology differentiates the cost 

incurred to complete those forms based 

on characteristics of those trusts and 

estates. Key characteristics that serve as 

coefficients in the trust and estates 

reporting burden model are: 

• Type of trust or estate 

• Level of income 

• Complexity of income and deductions 

• Number of beneficiaries 

The IRS Taxpayer Burden Model 

methodology is based on survey data 

collected using the following 

stratification for trusts and estates: 

FORM 1041 STRATA

Fiduciary code Income level 

1 = Estate ................................. <$5. 

$5–$999. 

$1,000–$4,999. 

$5,000–$24,999. 

$25,000–$74,999. 

$75,000–$149,999. 

>=$150,000. 

2 = Simple Trust ....................... <$5. 

$5–$999. 

$1,000–$4,999. 

$5,000–$24,999. 

$25,000–$74,999. 

$75,000–$149,999. 

>=$150,000. 

3 = Complex Trust .................... <$5. 

$5–$999. 

$1,000–$4,999. 

$5,000–$24,999. 

$25,000–$74,999. 

$75,000–$149,999. 


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Federal Register / Vol. 89, No. 244 / Thursday, December 19, 2024 / Notices 103929 

FORM 1041 STRATA—Continued 

Fiduciary code Income level 

>=$150,000. 

4 = Nontaxable Grantor Trust .. Any. 

FORM 1041 STRATA—Continued 

Fiduciary code Income level 

5 = Bankruptcy Trust Ch. 7 ...... Any. 

6 = Bankruptcy Trust Ch. 11 .... Any. 

8 = Qualified Dividend Trust .... <$5. 

FORM 1041 STRATA—Continued 

Fiduciary code Income level 

>=$5. 

9 = Pooled Investment Funds .. <$5. 

>=$5. 

Source: IRS:RAAS:KDA (08–23–2024). 

FISCAL YEAR (FY) 2025 BURDEN TOTAL ESTIMATES FOR TRUST AND ESTATE INCOME TAX FORMS, SCHEDULES, AND

REGULATIONS

FY23 to 24 

Program change 

due to 

adjustment 

Program change 

due to new 

legislation 

Program 

change due 

to agency 

FY25 

Number of Respondents .................................. * 19,120,534 (16,050,534) 0 0 ** 3,070,000 

Burden in Hours ............................................... 396,470,339 (364,570,339) 0 0 31,900,000 

Monetized time Burden .................................... $0 $2,072,000,000 $0 $0 $2,072,000,000 

Out-of-Pocket Costs ......................................... $0 $5,501,000,000 $0 $0 $5,501,000,000 

Total Monetized Burden *** ....................... $0 $7,573,000,000 $0 $0 $7,573,000,000 

Source: IRS:RAAS:KDA (11–18–2024). 

* FY23 responses per year is a count of all forms and schedules filed under legacy ADL Model methodology. 

** FY25 responses per year is a count of all taxpayers under the IRS Taxpayer Burden Model methodology. This approach is also used for 

OMB 1545–0074 (individuals), 1545–0123 (business entities), 1545–0029 (employment tax), and 1545–0047 (tax-exempt organizations). 

*** Total monetized burden = Total Out-of-Pocket Costs + Total Annual Monetized Time. 

Note: Reported time and cost burdens are national averages and do not necessarily reflect a ‘‘typical case.’’ Most taxpayers experience lower 

than average burden, with taxpayer burden varying considerably by taxpayer type. Detail may not add due to rounding. 

The following additional breakouts of 

average burden are provided for 

transparency in understanding the 

average estimated burden experienced 

by taxpayers. Table 1 shows the average 

burden by filers of Form 1041. Table 2 

shows the average burden by total 

income. Table 3 shows the average 

burden by the number of K–1s attached 

to the Form 1041. 

TABLE 1—FY2025 AVERAGE BURDEN PROJECTIONS BY ENTITY TYPE

Entity type Percent of filed 

Form 1041 ** 

Average time 

(hrs.) 

Average 

out-of-pocket 

costs 

Average 

monetized 

burden 

Simple Trust ............................................................................................. 17 9 $1,300 $1,900 

Complex Trust * ....................................................................................... 54 11 1,900 2,700 

Decedent Estate ...................................................................................... 12 18 3,300 4,400 

Grantor Trust ........................................................................................... 16 8 1,100 1,400 

Qualified Disability Trust .......................................................................... 1 8 800 1,200 

Pooled Income Fund ............................................................................... <1 10 2,700 3,200 

Source: IRS:RAAS:KDA (11–18–2024). 

* The category of Complex Trusts includes Chapter 7 and Chapter 11 Bankruptcy Estates. 

** Percentages based on Tax Year 2022 filings. Detail may not add to total due to rounding. 

TABLE 2—FY2025 AVERAGE BURDEN PROJECTIONS BY TOTAL INCOME * 

Total income Average time 

(hrs.) 

Average 

out-of-pocket 

costs 

Average 

monetized 

burden 

Table 2A—Simple Trusts 

1. <$1 ........................................................................................................................................... 8 $800 $1,200 

2. $1 to $5,000 ............................................................................................................................ 8 800 1,200 

3. $5,001 to $10,000 ................................................................................................................... 7 900 1,400 

4. $10,001 to $50,000 ................................................................................................................. 7 1,200 1,800 

5. >$50,000 .................................................................................................................................. 11 2,500 3,700 

Table 2B—Complex Trusts, Qualified Disability Trusts, Pooled Income Funds, Chapter 7 and 11 Bankruptcy Estates 

1. <$1 ........................................................................................................................................... 8 1,100 1,400 

2. $1 to $5,000 ............................................................................................................................ 9 900 1,300 

3. $5,001 to $10,000 ................................................................................................................... 8 1,200 1,700 

4. $10,001 to $50,000 ................................................................................................................. 9 1,700 2,400 

5. >$50,000 .................................................................................................................................. 18 4,600 6,400 


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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