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Agency Information Collection Activities; Comment Request on Return of Excise Tax on Undistributed Income of Regulated Investment Companies
In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in this notice.
SUPPLEMENTARY INFORMATION:
The IRS, in accordance with the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 3506(c)(2)(A)), provides the general public and Federal agencies with an opportunity to comment on proposed, revised, and continuing collections of information. This helps the IRS assess the impact and minimize the burden of its information collection requirements. Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency's estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.
Title:
Return of Excise Tax on Undistributed Income of Regulated Investment Companies.
OMB Control Number:
1545-1016.
Form Number:
8613.
Abstract:
Form 8613 is used by regulated investment companies to compute and pay the excise tax on undistributed income imposed under Internal Revenue Code section 4982. IRS uses the information to verify that the correct amount of tax has been reported.
Current Actions:
Revisions to the form were made to comply with Executive Order 14247, that requires every payment from the IRS to be eligible for direct deposit. The revision to the form is not substantively changing the use of the form or the data being collected.
Type of Review:
Revision of a currently approved collection.
Affected Public:
Business or other for-profit organizations.
Estimated Number of Responses:
1,500.
Estimated Time per Response:
11 hours, 53 minutes.
Estimated Total Annual Burden Hours:
17,820.
Dated: June 12, 2025.
Kerry L. Dennis,
Tax Analyst.