Instructions For Form 8621 - 2016 Page 14

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Disclosure, Privacy Act, and Paperwork Reduction Act Notice. We ask for the information on this form to carry out the
Internal Revenue laws of the United States. Sections 6001, 6011, 6012(a), and 6109, and their regulations, require you to
provide this information. We need this information to ensure that you are complying with the Internal Revenue laws and to allow
us to figure and determine the right amount of tax. You must fill in all parts of the tax form that apply to you. If you do not file a
return under circumstances requiring its filing, do not provide the information we ask for, or provide fraudulent information, you
may be charged penalties and be subject to criminal prosecution.
We may disclose your tax information to the Department of Justice for civil and criminal litigation, and to cities, states, the
District of Columbia, and U.S. possessions and commonwealths for use in administering their tax laws. We may also disclose
to foreign countries pursuant to a treaty, to federal and state agencies to enforce federal nontax criminal laws, or to federal law
enforcement and intelligence agencies to combat terrorism.
You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless
the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long
as their contents may become material in the administration of any Internal Revenue law.
The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden for
individual taxpayers filing this form is approved under OMB control number 1545-0074 and the estimated burden for business
taxpayers is approved under OMB control number 1545-0123.. The estimated burden for all other taxpayers who file this form
is shown below.
Recordkeeping
16 hr., 58 min.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Learning about the law or the form
11 hr., 24 min.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Preparing and sending the form to the IRS
20 hr., 34 min.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we
would be happy to hear from you. You can send us comments from Click on “More Information” and
then on “Give us feedback.” Or you can write to the Internal Revenue Service, Tax Forms and Publications,
SE:W:CAR:MP:TFP, 1111 Constitution Ave. NW, IR-6526, Washington, DC 20224. Do not send the tax form to this office.
Instead, see When and Where To File, earlier.
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Parent category: Financial