Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request on Burden Related to Revenue Procedure 2017-41, 61798-61799 [2020-21611]

Agencies

• Internal Revenue Service
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 85, Number 190 (Wednesday, September 30, 2020)]
[Notices]
[Pages 61798-61799]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-21611]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Extension of Information Collection Request Submitted 
for Public Comment; Comment Request on Burden Related to Revenue 
Procedure 2017-41

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service, as part of its continuing effort 
to reduce paperwork and respondent burden, invites the 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. Currently, the IRS is soliciting comments 
concerning the burden associated with the procedures outlined in RP 
2017-41 for issuing Opinion Letters regarding the qualification in form 
of Pre-approved Plans under sections 401, 403(a), and 4975(e)(7).

DATES: Written comments should be received on or before November 30, 
2020 to be assured of consideration.

ADDRESSES: Direct all written comments to Kinna Brewington, Internal 
Revenue Service, Room 6529, 1111 Constitution Avenue NW, Washington, DC 
20224. Requests for additional information or copies of the regulations 
should be directed to Ronald J. Durbala, at Internal Revenue Service, 
Room 6129, 1111 Constitution Avenue NW, Washington DC 20224, or through 
the internet, at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Master and Prototype and Volume Submitter Plans.
    OMB Number: 1545-1674.
    Regulation Project Number: RP 2017-41.
    Abstract: This revenue procedure modifies Rev. Proc. 2015-36 and 
sets forth the procedures for the merger of the master and prototype 
(M&P) program with the volume submitter (VS) plan. This revenue 
procedure requires employers adopting pre-approved plans to complete 
and sign new signature pages or new adoption agreements, as applicable, 
in order to restate their plans for recent changes in the law. This 
revenue procedure require sponsors of pre-approved plans to furnish 
copies of their plans to the Service's Employee Plans Determinations 
office, maintain records of employers that have adopted their plans, 
prepare and communicate any necessary interim amendments to adopting 
employers, make reasonable and diligent efforts to ensure that 
employers restate their plans when necessary, and notify employers if 
the sponsor concludes that employers' plans are no longer qualified 
provides that mass submitters must keep records of their user fees. 
This allows mass submitters to certify to the number of other 
practitioners seeking approval of the identical pre-approved plan.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB. This request is being submitted for renewal 
purposes.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, business or other for-
profit organizations, not-for-profit institutions, farms, and state, 
local, or tribal governments.
    Estimated Number of Respondents: 321,500.
    Estimated Time Per Respondent: 3 Hrs., 45 min.
    Estimated Total Annual Burden Hours: 1,108,225.
    The following paragraph applies to all 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 if 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.
    Desired Focus of Comments: The Internal Revenue Service (IRS) is 
particularly interested in comments that:
     Evaluate whether the proposed collection of information is 
necessary for the proper performance of the functions of the agency, 
including whether the information will have practical utility;
     Evaluate the accuracy of the agency's estimate of the 
burden of the proposed collection of information, including the 
validity of the methodology and assumptions used;
     Enhance the quality, utility, and clarity of the 
information to be collected; and

[[Page 61799]]

     Minimize the burden of the collection of information on 
those who are to respond, including using appropriate automated, 
electronic, mechanical, or other technological collection techniques or 
other forms of information technology, e.g., by permitting electronic 
submissions of responses.
    Comments submitted in response to this notice will be summarized 
and/or included in the ICR for OMB approval of the extension of the 
information collection; they will also become a matter of public 
record.

    Approved: September 23, 2020.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2020-21611 Filed 9-29-20; 8:45 am]
BILLING CODE 4830-01-P