OMB control number
Qualified Severance
OMB 1545-1902 · TREAS/IRS.
This previously approved regulation requires taxpayers to report a qualified severance by filing a Form 706-GS(T), or such other form that may be published by the Internal Revenue Service in the future that is specifically designated to be utilized to report qualified severances. Where Form 706-GS(T) is used, the filer should attach a Notice of Qualified Severance to the return that clearly identifies the trust that is being severed and the new trusts created as a result of the severance. The Notice must also provide the inclusion ratio of the trust that was severed and the inclusion ratios of the new trusts resulting from the severance. The information collected will be used by the IRS to identify the trusts being severed and the new trusts created upon severance. The collection of information is required in order to have a qualified severance. If there was no reporting requirement, the IRS would be unable to achieve its objectives.
The latest form for Qualified Severance expires 2028-06-30 and can be found here.
Form 706-GS(T) 26.2642-6 - Qualified severance.
Supporting Statement - 1545-1902_Clean.docx
26.2654-1(b)(2) - Certain trusts treated as separate trusts | Revision of a currently approved collection | 2025-04-30 | ||
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Approved without change |
Extension without change of a currently approved collection | 2022-02-28 | |
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Approved without change |
Extension without change of a currently approved collection | 2018-10-30 | |
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Approved without change |
Revision of a currently approved collection | 2014-10-31 | |
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Approved without change |
Extension without change of a currently approved collection | 2014-01-31 | |
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Approved without change |
Extension without change of a currently approved collection | 2010-11-30 | |
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Approved without change |
Extension without change of a currently approved collection | 2007-08-17 | |
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Approved without change |
New collection (Request for a new OMB Control Number) | 2004-07-27 |
26.2642-6 - Qualified severance.
Federal Enterprise Architecture: General Government - Taxation Management
| Form 706-GS(T) | Generation-Skipping Transfer Tax Return For Terminations | www.irs.gov/form706gst | Form |
Review document collections for all forms, instructions, and supporting documents - including paper/printable forms.