Proposed Collection; Comment Request for Employee Plans Compliance Resolution System (EPCRS UPDATE OF REV. PROCS. 2018-52 and 2016-51, Including Forms 8950, 8951, 14568, 14568-A Through I), 25336-25337 [2019-11376]
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25336
Federal Register / Vol. 84, No. 105 / Friday, May 31, 2019 / Notices
maintenance, and purchase of services
to provide information.
Approved: May 28, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019–11379 Filed 5–30–19; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
AGENCY:
Æ Self-Correction Program (SCP)—permits
a plan sponsor to correct certain plan failures
without contacting the IRS or paying any fee.
Æ Voluntary Correction Program (VCP)—
permits a plan sponsor to, any time before
audit, pay a fee and receive IRS approval for
correction of plan failures.
Æ Audit Closing Agreement Program
(Audit CAP)—permits a plan sponsor to pay
a sanction and correct a plan failure while
the plan is under audit.
The Internal Revenue Service
(IRS), 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 information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
Employee Plans Compliance Resolution
System (EPCRS UPDATE OF REV.
PROCS. 2018–52 and 2016–51,
including Forms 8950, 8951, 14568,
14568–A through I).
DATES: Written comments should be
received on or before July 30, 2019 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Laurie Brimmer, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this notice should be directed
to Martha R. Brinson, at (202) 317–5753,
or at Internal Revenue Service, Room
6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet at Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Employee Plans Compliance
Resolution System (EPCRS UPDATE OF
REV. PROCS. 2018–52 and 2016–51,
including Forms 8950, 8951, 14568,
14568–A through I).
OMB Number: 1545–1673.
Abstract: This revenue procedure
updates the Comprehensive system of
correction programs for sponsors of
retirement plans that are intended to
satisfy the requirements of §§ 401(a),
403(a), 403(b), 408(k), or 408(p) of the
Internal Revenue Code, but that have
Current Actions: Rev. Proc. 2018–52,
2018–42 I.R.B. 611, which modified and
superseded Rev. Proc. 2016–51, 2016–
42 I.R.B. 465, the prior consolidated
statement of the correction programs
under EPCRS. Rev. Proc. 2018–52
provides that beginning January 1, 2019,
Plan Sponsors may file a VCP
submission with the IRS (including
payment of applicable user fees) using
the www.pay.gov website. On or after
April 1, 2019, Plan Sponsors are
required to use the www.pay.gov
website when filing a VCP submission
and paying applicable user fees. To ease
the transition to the new submission
procedures, from January 1, 2019,
through March 31, 2019, Plan Sponsors
are permitted to continue to file paper
VCP submissions with the IRS in
accordance with the procedures in
sections 10 and 11 of Rev. Proc. 2016–
51. The IRS will not accept paper VCP
submissions postmarked on or after
April 1, 2019. In addition, beginning
April 1, 2019, the IRS no longer will
process user fees paid with a paper
check.
In order to provide new procedures
for filing a VCP submission and paying
applicable user fees on the www.pay.gov
website, section 10 includes several
modifications. Section 10.01 is revised
to set forth the requirements for
satisfying the VCP procedures. In
addition to satisfying the terms of a
compliance statement, the Plan Sponsor
must file the submission and pay the
applicable user fee using the
www.pay.gov website. Many of the
procedures for filing the VCP
submission are set forth in section 11.
Although the Plan Sponsor is
responsible for filing the VCP
submission and paying the user fee
using the www.pay.gov website, section
10.01 clarifies that a Plan Sponsor may
Internal Revenue Service
Proposed Collection; Comment
Request for Employee Plans
Compliance Resolution System
(EPCRS UPDATE OF REV. PROCS.
2018–52 and 2016–51, Including Forms
8950, 8951, 14568, 14568–A Through I)
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
SUMMARY:
khammond on DSKBBV9HB2PROD with NOTICES
not met these requirements for a period
of time. This system (https://
www.irs.gov/Retirement-Plans/EPCRSOverview), the Employee Plans
Compliance Resolution System
(EPCRS), permits Plan Sponsors to
correct these failures and thereby
continue to provide their employees
with retirement benefits on a taxfavored basis. The components of
EPCRS are:
VerDate Sep<11>2014
16:42 May 30, 2019
Jkt 247001
PO 00000
Frm 00106
Fmt 4703
Sfmt 4703
designate an authorized representative
to file the VCP submission if certain
requirements are satisfied.
Section 11 sets forth filing procedures
for VCP submissions. These procedures
have been modified to reflect electronic
filing of VCP submissions and payment
of applicable user fees using the
www.pay.gov website. An electronic
VCP submission filed using the
www.pay.gov website must include
many of the same materials as a VCP
submission filed on paper pursuant to
Rev. Proc. 2016–51.
For a description of the modifications
to Rev. Proc. 2016–51, see section 2 of
Rev. Proc. 2018–52.
Type of Review: Revision of a
currently approved collection.
Affected Public: Individuals and
business or other for-profit
organizations, not-for-profit institutions,
and state, local or tribal governments.
Estimated Number of Respondents:
14,300.
Estimated Average Time per
Respondent: 13 hours, 21 minutes.
Estimated Total Annual Burden
Hours: 190,941.
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. Comments
will be 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 has 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 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\31MYN1.SGM
31MYN1
Federal Register / Vol. 84, No. 105 / Friday, May 31, 2019 / Notices
Approved: May 28, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019–11376 Filed 5–30–19; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 13441–A
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service,
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 information
collections, as required by the
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
Form 13441–A, Health Coverage Tax
Credit(HCTC) Monthly Registration and
Update.
DATES: Written comments should be
received on or before July 30, 2019 to be
assured of consideration.
ADDRESSES: Direct all written comments
to L. Brimmer, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of these forms and instructions
should be directed to Sara Covington
(202)317–6038, at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
Sara.L.Covington@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Health Coverage Tax Credit
(HCTC)Monthly Registration and
Update.
OMB Number: 1545–1842.
Form Number: 13441–A.
Abstract: The health coverage tax
credit monthly registration and update
Form will be directly mailed to all
individuals who are potentially eligible
for the HCTC. Potentially eligible
individuals will use this form to
determine if they are eligible for the
Health Coverage Tax Credit and to
register for the HCTC program.
Participation in this program is
voluntary. This form will be submitted
by the individual to the HCTC program
office in a postage-paid, return
envelope. We will accept faxed forms, if
necessary. Additionally, recipients may
khammond on DSKBBV9HB2PROD with NOTICES
SUMMARY:
VerDate Sep<11>2014
16:42 May 30, 2019
Jkt 247001
call the HCTC call center for help in
completing this form.
Current Actions: There are no changes
being made to the form since 2018
revision; however, there are changes
being made to the burden estimates.
Type of Review: Revision of a
currently approved collection.
Affected Public: Individuals or
households.
Estimated Number of Respondents:
5,146.
Estimated Time per Response: 30
minutes.
Estimated Total Annual Burden
Hours: 2,573.
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: May 15, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019–11378 Filed 5–30–19; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Open Meeting of the Federal Advisory
Committee on Insurance
Departmental Offices, U.S.
Department of the Treasury.
AGENCY:
PO 00000
Frm 00107
Fmt 4703
Sfmt 4703
ACTION:
25337
Notice of open meeting.
This notice announces that
the U.S. Department of the Treasury’s
Federal Advisory Committee on
Insurance (‘‘Committee’’) will meet via
teleconference on Tuesday, June 18,
2019 from 2 p.m.–5 p.m. Eastern Time.
The meeting is open to the public.
DATES: The meeting will be held via
teleconference on Tuesday, June 18,
2019, from 2 p.m.–5 p.m. Eastern Time.
ADDRESSES: The Committee meeting
will be held via teleconference and is
open to the public. The public can
attend remotely via teleconference.
Instructions for attendance will be
posted on the Committee’s website,
https://www.treasury.gov/initiatives/fio/
Pages/faci.aspx.
FOR FURTHER INFORMATION CONTACT:
Lindsey Baldwin, Senior Policy Analyst,
Federal Insurance Office, Department of
the Treasury, 1500 Pennsylvania Ave.
NW, Room 1410 MT, Washington, DC
20220, at (202) 622–3220 (this is not a
toll-free number). Persons who have
difficulty hearing or speaking may
access this number via TTY by calling
the toll-free Federal Relay Service at
(800) 877–8339.
SUPPLEMENTARY INFORMATION: Notice of
this meeting is provided in accordance
with the Federal Advisory Committee
Act, 5 U.S.C. App. 10(a)(2), through
implementing regulations at 41 CFR
102–3.150.
Public Comment: Members of the
public wishing to comment on the
business of the Federal Advisory
Committee on Insurance are invited to
submit written statements by any of the
following methods:
SUMMARY:
Electronic Statements
• Send electronic comments to faci@
treasury.gov.
Paper Statements
• Send paper statements in triplicate
to the Federal Advisory Committee on
Insurance, Department of the Treasury,
1500 Pennsylvania Ave. NW, Room
1410 MT, Washington, DC 20220.
In general, the Department of the
Treasury will post all statements on its
website https://www.treasury.gov/
initiatives/fio/Pages/faci.aspx without
change, including any business or
personal information provided such as
names, addresses, email addresses, or
telephone numbers. The Department of
the Treasury will also make such
statements available for public
inspection and copying in the
Department of the Treasury’s Library,
720 Madison Place NW, Room 1020,
Washington, DC 20220, on official
E:\FR\FM\31MYN1.SGM
31MYN1
]]>Agencies
[Federal Register Volume 84, Number 105 (Friday, May 31, 2019)]
[Notices]
[Pages 25336-25337]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2019-11376]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Employee Plans
Compliance Resolution System (EPCRS UPDATE OF REV. PROCS. 2018-52 and
2016-51, Including Forms 8950, 8951, 14568, 14568-A Through I)
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act
of 1995. The IRS is soliciting comments concerning Employee Plans
Compliance Resolution System (EPCRS UPDATE OF REV. PROCS. 2018-52 and
2016-51, including Forms 8950, 8951, 14568, 14568-A through I).
DATES: Written comments should be received on or before July 30, 2019
to be assured of consideration.
ADDRESSES: Direct all written comments to Laurie Brimmer, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information
or copies of this notice should be directed to Martha R. Brinson, at
(202) 317-5753, or at Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet
at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Employee Plans Compliance Resolution System (EPCRS UPDATE OF
REV. PROCS. 2018-52 and 2016-51, including Forms 8950, 8951, 14568,
14568-A through I).
OMB Number: 1545-1673.
Abstract: This revenue procedure updates the Comprehensive system
of correction programs for sponsors of retirement plans that are
intended to satisfy the requirements of Sec. Sec. 401(a), 403(a),
403(b), 408(k), or 408(p) of the Internal Revenue Code, but that have
not met these requirements for a period of time. This system (https://www.irs.gov/Retirement-Plans/EPCRS-Overview), the Employee Plans
Compliance Resolution System (EPCRS), permits Plan Sponsors to correct
these failures and thereby continue to provide their employees with
retirement benefits on a tax-favored basis. The components of EPCRS
are:
[cir] Self-Correction Program (SCP)--permits a plan sponsor to
correct certain plan failures without contacting the IRS or paying
any fee.
[cir] Voluntary Correction Program (VCP)--permits a plan sponsor
to, any time before audit, pay a fee and receive IRS approval for
correction of plan failures.
[cir] Audit Closing Agreement Program (Audit CAP)--permits a
plan sponsor to pay a sanction and correct a plan failure while the
plan is under audit.
Current Actions: Rev. Proc. 2018-52, 2018-42 I.R.B. 611, which
modified and superseded Rev. Proc. 2016-51, 2016-42 I.R.B. 465, the
prior consolidated statement of the correction programs under EPCRS.
Rev. Proc. 2018-52 provides that beginning January 1, 2019, Plan
Sponsors may file a VCP submission with the IRS (including payment of
applicable user fees) using the www.pay.gov website. On or after April
1, 2019, Plan Sponsors are required to use the www.pay.gov website when
filing a VCP submission and paying applicable user fees. To ease the
transition to the new submission procedures, from January 1, 2019,
through March 31, 2019, Plan Sponsors are permitted to continue to file
paper VCP submissions with the IRS in accordance with the procedures in
sections 10 and 11 of Rev. Proc. 2016-51. The IRS will not accept paper
VCP submissions postmarked on or after April 1, 2019. In addition,
beginning April 1, 2019, the IRS no longer will process user fees paid
with a paper check.
In order to provide new procedures for filing a VCP submission and
paying applicable user fees on the www.pay.gov website, section 10
includes several modifications. Section 10.01 is revised to set forth
the requirements for satisfying the VCP procedures. In addition to
satisfying the terms of a compliance statement, the Plan Sponsor must
file the submission and pay the applicable user fee using the
www.pay.gov website. Many of the procedures for filing the VCP
submission are set forth in section 11. Although the Plan Sponsor is
responsible for filing the VCP submission and paying the user fee using
the www.pay.gov website, section 10.01 clarifies that a Plan Sponsor
may designate an authorized representative to file the VCP submission
if certain requirements are satisfied.
Section 11 sets forth filing procedures for VCP submissions. These
procedures have been modified to reflect electronic filing of VCP
submissions and payment of applicable user fees using the www.pay.gov
website. An electronic VCP submission filed using the www.pay.gov
website must include many of the same materials as a VCP submission
filed on paper pursuant to Rev. Proc. 2016-51.
For a description of the modifications to Rev. Proc. 2016-51, see
section 2 of Rev. Proc. 2018-52.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals and business or other for-profit
organizations, not-for-profit institutions, and state, local or tribal
governments.
Estimated Number of Respondents: 14,300.
Estimated Average Time per Respondent: 13 hours, 21 minutes.
Estimated Total Annual Burden Hours: 190,941.
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.
Comments will be 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 has
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 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.
[[Page 25337]]
Approved: May 28, 2019.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2019-11376 Filed 5-30-19; 8:45 am]
BILLING CODE 4830-01-P
