IRS Extends Information Collection for Late Reverse QTIP Election Procedure

The Internal Revenue Service announced an extension of the information collection for Revenue Procedure 2004-47, Simplified Alternate Procedure for Making Late Reverse QTIP Election (OMB Control No. 1545-1898). The notice states there is no change to the previously approved collection.

Written comments must be received on or before January 11, 2027. Comments should be directed to Andres Garcia, IRS, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or emailed with "OMB Control No. 1545-1898" in the subject line. Requests for additional information may be directed to Marcus W. McCrary at 470-769-2001.

The collection targets individuals and households, specifically executors of estates and trustees of trusts seeking relief to make a late reverse qualified terminable interest property (QTIP) election under section 2652. The notice estimates six responses, each requiring nine hours, for a total annual burden of 54 hours.

Comments are invited on the necessity of the collection, the accuracy of the burden estimate, ways to improve quality and clarity, methods to reduce respondent burden through automation, and cost estimates for capital, start-up, operation, maintenance, and services. All comments will become part of the public record. The notice is filed as FR Doc 2026-22886, dated November 6, 2026.