Proposed Collection; Comment Request for the Annual Return/Report of Employee Benefit Plan, 18687-18691 [2016-07217]
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Federal Register / Vol. 81, No. 62 / Thursday, March 31, 2016 / Notices
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning an
existing final regulation, (TD 9679),
Information Reporting by Passport
Applicants.
SUMMARY:
Written comments should be
received on or before May 31, 2016 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Tuawana Pinkston, Internal Revenue
Service, room 6526, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this regulation should be
directed to LaNita Van Dyke, Internal
Revenue Service, room 6517, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the internet at
Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Information Reporting by
Passport Applicants.
OMB Number: 1545–1359.
Regulation Project Number: (TD
9679)(final).
Abstract: These final regulations
provide information reporting rules for
certain passport applicants. These final
regulations apply to certain individuals
applying for passports (including
renewals) and provide guidance to such
individuals about the information that
must be included with their passport
application.
Current Actions: There is no change to
the total burden of these final
regulations.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents for
Passport Applicants: 5,000,000.
Estimated Time Per Respondent: 6
minutes.
Estimated Total Annual Burden
Hours for Passport Applicants: 500,000.
Estimated Number of Respondent’s
for Permanent Resident Applicants:
500,000.
Estimated Time Per Respondent: 30
minutes.
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DATES:
VerDate Sep<11>2014
19:09 Mar 30, 2016
Jkt 238001
Estimated Total Annual Burden
Hours for Permanent Residence
Applicants: 250,000 hours.
The following paragraph applies to all
of the collections of information covered
by this notice.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: 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.
Approved: March 15, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016–07219 Filed 3–30–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for the Annual Return/Report
of Employee Benefit Plan
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
SUMMARY:
PO 00000
Frm 00124
Fmt 4703
Sfmt 4703
18687
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning the
Annual Return/Report of Employee
Benefit Plan.
DATES: Written comments should be
received on or before May 31, 2016 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Tuawana Pinkston, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the forms and instructions
should be directed to R. Joseph Durbala
at Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW.,
Washington, DC 20224, or through the
internet at RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Annual Return/Report of
Employee Benefit Plan.
OMB Number: 1545–1610.
Form Number: 5500 and Schedules.
Abstract: The Annual Return/Report
of Employee Benefit Plan is an annual
information return filed by employee
benefit plans. The IRS uses this
information for a variety of matters,
including ascertainment whether a
qualified retirement plan appears to
conform to requirements under the
Internal Revenue Code or whether the
plan should be audited for compliance.
Current Actions: PBGC, the
Department of Labor (DOL), and the
Internal Revenue Service (IRS) work
together to produce the Form 5500
Annual Return/Report for Employee
Benefit Plan and Form 5500–SF Short
Form Annual Return/Report for Small
Employee Benefit Plan (Form 5500
Series), through which the regulated
public can satisfy the combined
reporting/filing requirements applicable
to employee benefit plans. The IRS
produces Form 5500–SUP, a paper-only
form, that is used by certain sponsors
and administrators of retirement plans
to satisfy certain of the reporting
requirements of section 6058 of the
Internal Revenue Code. Form 5500–SUP
should be used only if certain IRS
compliance questions are not answered
electronically on the Form 5500 or Form
5500–SF.
E:\FR\FM\31MRN1.SGM
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Federal Register / Vol. 81, No. 62 / Thursday, March 31, 2016 / Notices
IRS Proposed Changes on the 2016 Form 5500 Series Returns
1
a.
Proposed 2016
Changes
Form 5500
Sch. H/1, 5500SF, 5500-EZ,
and
5500-SUP
Name of trust
b.
Form
Trust's EIN
a.
Name of trust
b.
•
Trust's EIN
•
c.
Name of trustee
or custodian
c.
Name of trustee
or custodian
d.
2
Compliance and Use for
Trustee's or
custodian's telephone
number
d.
Trustee's or
custodian's telephone
number
a.
Preparer's name
(including firm name,
if applicable) and
address (include room
or suite number)
a.
Preparer's name
(including firm name, if
applicable) and
address (include room
or suite number)
b.
Preparer's
telephone number
Forms
5500,
5500SF,
5500EZ, and
5500Sup.
b.
•
•
Preparer's
telephone number
•
3
a.
Is the plan a
401(k) plan?
Yes
D
b.
D
No
Form 5500
Sch R,
5500-SF, and
5500-SUP.
If /{Yes," how does
the 401(k) plan satisfy
the nondiscrimination
requirements for
employee deferrals
and employer
matching
contributions (as
applicable) under
sections 401(k)(3) and
401(m)(2)? (See
instructions)
Design-based safe
harbor method
ADP/ACPtest
a.
D
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b.
Jkt 238001
How did the plan
satisfy the
nondiscrimination
requirements for
employee deferrals
under sections
401(k)(3) for the plan
year? Check all that
apply:
Design-based safe
harbor
/{Prior year" ADP
•
D
D
test
D /{Current year"
ADP test
D N/A
If ADP/ACP test is
used, did the 401(k)
plan perform
ADP/ACP testing for
the plan year using
19:09 Mar 30, 2016
D
If /{No," skip b.
D
D
c.
Is the plan a
401(k) plan?
Yes
No
This question was approved by
OMB for the 2015 Form 5500
Series.
Requiring trust identifying
information will assist the IRS in
discharging its basic tax compliance
and enforcement responsibilities
with respect to tax-favored trusts.
This question was on former
Schedule P up to 2006 where it had
been approved in an information
collection.
• This question was approved by
OMB for the 2015 Form 5500
Series.
Information on Form 5500 Series
preparers will assist the IRS in
identifying preparers who have
engaged in patterns of
noncompliance.
Preparer questions were on Form
5500 through 2009 and after 2011
where they had been approved in an
information collection.
This question seeks basic
information on the method by which
a 401(k) plan satisfied the
nondiscrimination requirements for
employee deferrals. This information
is fundamental to IRS's ability to
monitor plans for compliance with
the nondiscrimination rules.
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EN31MR16.009</GPH>
Question on the
2015 Form 5500s
Federal Register / Vol. 81, No. 62 / Thursday, March 31, 2016 / Notices
18689
the "current year
testing method" for
non highly
compensated
employees (Treas. Reg
sections 1.401(k)2(a)(2)(ii) and
1.401(m)-2(a)(2)(ii))?
n
n
a.
Yes
No
Check the box to
indicate the method
used by the plan to
satisfy the coverage
requirements under
section 410(b):
~
Form 5500
Sch R, 5500SF, and
5500-SUP,
a.
Ratio percentage test
~
Average benefit test
b. Does the plan satisfy
the coverage and
nondiscrimination tests
of sections 410(b) and
401(a)(4) by combining
this plan with any other
plans under the
permissive aggregation
rules?
Yes
No
D
5
D Yes D
No
I f "Yes," enter
amount
b.
D
Were in-service
distributions made
during the plan
year?
---
What testing
method was used to
satisfy the coverage
requirements under
section 410(b) for the
plan year? Check all
that apply:
Ratio percentage test
Average benefit test
Did the plan trust incur unrelated
business taxable income?
DYes
D No
D
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N/A
If Yes, enter amount _ _
VerDate Sep<11>2014
19:09 Mar 30, 2016
Jkt 238001
Form
5500,
Sch
H/I,
5500SF,
5500EZ,
and
PO 00000
This question seeks basic
information on the method by which a
qualified plan satisfied the minimum
coverage requirements on employee
participation. This information is
fundamental to IRS's ability to
monitor plans for compliance with the
minimum coverage rules.
This question was on former
Schedule T where it had been
approved in an information collection.
Did the plan
satisfy the coverage
and nondiscrimination
requirements of
sections 410(b) and
401(a)(4) for the plan
year by combining this
plan with any other
plan under the
permissive aggregation
rules?
Yes
No
n
•
Defined Benefit Plan or
Money Purchase
Pension Plan only:
Were any distributions
made during the plan
year to an employee
who attained age 62
and had not separated
from service?
No
Yes
D
6
•
N/A
n
Form
5500
Sch
H/I,
5500SF,
5500EZ, and
5500SUP
•
This question should assist in
the identification of whether
distributions to employees are being
made before otherwise permissible in
a defined benefit or money purchase
plan.
D
Deleted
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EN31MR16.010</GPH>
4
18690
Federal Register / Vol. 81, No. 62 / Thursday, March 31, 2016 / Notices
5500SUP
7 a.
Has the Plan been
timely amended for all
required law changes?
b.
Date the last Plan
amendment/restatement
for the required law
changes was
adopted_I_1__ .
Enter the applicable
code __ (See
instructions for tax law
changes and codes).
Sch R
Line
23a
5500-SF
17a
5500SUP,
Line 6a
5500EZ,
Line
13a
a.
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8
•
This information identifies plans to
which special rules apply that require
minimum distributions to a participant
regardless of whether he or she
continues in employment. The
information will assist the IRS to
monitor plan compliance.
number
If the plan
sponsor is an adopter of
a pre-approved master,
prototype (M&P), or
volume submitter plan
that is subject to a
favorable opinion or
advisory letter from
IRS, please enter the
date of plan's last
opinion or advisory
letter- - - and a
I I
letter serial number
If the plan is an
individually-designed
plan that received a
favorable
determination letter
from the IRS, enter the
date of the most
recent determination
letter
-
If the plan is an
individually -designed
plan and received a
favorable determination
letter from IRS, please
enter the date of plan's
last favorable
determination letter
I I
Were required minimum
distributions made to 5%
owners who have attained
age 70 Y, (regardless of
whether or not retired), as
required under section
401(a)(9)?
No
Yes
D
N/A
VerDate Sep<11>2014
Whether and when a plan
received a favorable opinion letter,
advisory letter or determination letter
from the IRS is a significant indicator
of whether the form of the plan
satisfies the qualification requirements
under section 40l(a).
D
19:09 Mar 30, 2016
Form
5500-SF
and
5500-EZ
only
Was any plan participant a 5%
owner who had attained at least
age 70 Y, during the prior plan
year?
DYes
D No
D
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Fmt 4703
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E:\FR\FM\31MRN1.SGM
31MRN1
EN31MR16.011</GPH>
d.
•
- - and the serial
b.
c.
If the plan is a
master and prototype
plan (M&P) or volume
submitter plan that
received a favorable
IRS opinion letter or
advisory letter, enter
the date of the letter
The aforementioned changes will
generate a decrease in burden by 20,000
hours and decrease the estimated
number of filers by 16,000 per year. The
paper submission of this form will
generate 500 responses and 208 burden
hours per year.
Type of Review: Revision of a
currently approved collection.
Affected Public: Business or other forprofit organizations, individuals and
households, not-for profit institutions,
and farms.
Estimated Number of Respondents:
806,500.
Estimated Time per Respondent: 23
minutes.
Estimated Total Annual Burden
Hours: 320,208.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request for Comments: 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.
VerDate Sep<11>2014
19:09 Mar 30, 2016
Jkt 238001
Approved: March 24, 2016.
Tuawana Pinkston,
IRS, Reports Clearance Officer.
[FR Doc. 2016–07217 Filed 3–30–16; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Information Collection
Tools
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Department of the
Treasury, as part of its continuing effort
to reduce paperwork and respondent
burden, invites the general public and
other Federal agencies to take this
opportunity to comment on proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995,
Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is
soliciting comments concerning Form
972, Consent of Shareholder To Include
Specific Amount in Gross Income.
DATES: Written comments should be
received on or before May 31, 2016 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Tuawana Pinkston, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the collection tools should be
directed to LaNita Van Dyke, Internal
Revenue Service, Room 6517, 1111
Constitution Avenue NW., Washington,
DC 20224, or through the Internet at
Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Consent of Shareholder To
Include Specific Amount in Gross
Income.
OMB Number: 1545–0043.
Form Number: 972.
Abstract: Form 972 is filed by
shareholders of corporations who agree
to include a consent dividend in gross
income as a taxable dividend. The IRS
SUMMARY:
PO 00000
Frm 00128
Fmt 4703
Sfmt 4703
18691
uses Form 972 as a check to see if an
amended return is filed by the
shareholder to include the amount in
income and to determine if the
corporation claimed the correct amount
as a deduction on its tax return.
Current Actions: There is no change
in the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
100.
Estimated Time per Respondent: 3
hrs, 51 min.
Estimated Total Annual Burden
Hours: 385.
The following paragraph applies to all
of the collections of information covered
by this notice:
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless the collection of information
displays a valid OMB control number.
Books or records relating to a collection
of information must be retained as long
as their contents may become material
in the administration of any internal
revenue law. Generally, tax returns and
tax return information are confidential,
as required by 26 U.S.C. 6103.
Request For Comments: 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.
E:\FR\FM\31MRN1.SGM
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EN31MR16.012</GPH>
mstockstill on DSK4VPTVN1PROD with NOTICES
Federal Register / Vol. 81, No. 62 / Thursday, March 31, 2016 / Notices
]]>Agencies
[Federal Register Volume 81, Number 62 (Thursday, March 31, 2016)]
[Notices]
[Pages 18687-18691]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-07217]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for the Annual Return/Report
of Employee Benefit Plan
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
the Annual Return/Report of Employee Benefit Plan.
DATES: Written comments should be received on or before May 31, 2016 to
be assured of consideration.
ADDRESSES: Direct all written comments to Tuawana Pinkston, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the forms and instructions should be directed to R. Joseph
Durbala at Internal Revenue Service, Room 6129, 1111 Constitution
Avenue NW., Washington, DC 20224, or through the internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Annual Return/Report of Employee Benefit Plan.
OMB Number: 1545-1610.
Form Number: 5500 and Schedules.
Abstract: The Annual Return/Report of Employee Benefit Plan is an
annual information return filed by employee benefit plans. The IRS uses
this information for a variety of matters, including ascertainment
whether a qualified retirement plan appears to conform to requirements
under the Internal Revenue Code or whether the plan should be audited
for compliance.
Current Actions: PBGC, the Department of Labor (DOL), and the
Internal Revenue Service (IRS) work together to produce the Form 5500
Annual Return/Report for Employee Benefit Plan and Form 5500-SF Short
Form Annual Return/Report for Small Employee Benefit Plan (Form 5500
Series), through which the regulated public can satisfy the combined
reporting/filing requirements applicable to employee benefit plans. The
IRS produces Form 5500-SUP, a paper-only form, that is used by certain
sponsors and administrators of retirement plans to satisfy certain of
the reporting requirements of section 6058 of the Internal Revenue
Code. Form 5500-SUP should be used only if certain IRS compliance
questions are not answered electronically on the Form 5500 or Form
5500-SF.
[[Page 18688]]
[GRAPHIC] [TIFF OMITTED] TN31MR16.009
[[Page 18689]]
[GRAPHIC] [TIFF OMITTED] TN31MR16.010
[[Page 18690]]
[GRAPHIC] [TIFF OMITTED] TN31MR16.011
[[Page 18691]]
[GRAPHIC] [TIFF OMITTED] TN31MR16.012
The aforementioned changes will generate a decrease in burden by
20,000 hours and decrease the estimated number of filers by 16,000 per
year. The paper submission of this form will generate 500 responses and
208 burden hours per year.
Type of Review: Revision of a currently approved collection.
Affected Public: Business or other for-profit organizations,
individuals and households, not-for profit institutions, and farms.
Estimated Number of Respondents: 806,500.
Estimated Time per Respondent: 23 minutes.
Estimated Total Annual Burden Hours: 320,208.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
Request for Comments: 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.
Approved: March 24, 2016.
Tuawana Pinkston,
IRS, Reports Clearance Officer.
[FR Doc. 2016-07217 Filed 3-30-16; 8:45 am]
BILLING CODE 4830-01-P
