Proposed Collection; Comment Request for Application for Determination for Terminating Plan, and Distributable Benefits From Employee Pension Benefit Plans, 4999-5000 [2022-01841]
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khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 87, No. 20 / Monday, January 31, 2022 / Notices
invites the general public and other
Federal agencies to take this
opportunity to comment on continuing
information collections, as required by
the Paperwork Reduction Act of 1995.
The IRS is soliciting comments
concerning reporting requirements for
widely held fixed investment trusts.
DATES: Written comments should be
received on or before April 1, 2022 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Andres Garcia, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form should be directed to
Kerry Dennis at (202) 317–5751, or at
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet, at Kerry.L.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Reporting Requirements for
Widely Held Fixed Investment Trusts.
OMB Number: 1545–1540.
Regulation Project Number: TD 9308.
Abstract: Under regulation section
1.671–5, the trustee or the middleman
who holds an interest in a widely held
fixed investment trust for an investor
will be required to provide a Form 1099
to the IRS and a tax information
statement to the investor. The trust is
also required to provide more detailed
tax information to middlemen and
certain other persons, upon request.
Current Actions: There is no change to
the regulation or burden at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
1,200.
Estimated Time per Respondent: 2
hours.
Estimated Total Annual Burden
Hours: 2,400 hours.
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.
Request for Comments: Comments
submitted in response to this notice will
be summarized and/or included in the
VerDate Sep<11>2014
17:38 Jan 28, 2022
Jkt 256001
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: January 25, 2022.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2022–01879 Filed 1–28–22; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Application for
Determination for Terminating Plan,
and Distributable Benefits From
Employee Pension Benefit Plans
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 continuing
information collections, as required by
the Paperwork Reduction Act of 1995.
The IRS is soliciting comments
concerning guidance on the application
for determination for terminating plan,
and distributable benefits from
employee pension benefit plans.
DATES: Written comments should be
received on or before April 1, 2022 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Andres Garcia, Internal Revenue
Service, room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form should be directed to
Kerry Dennis at (202) 317–5751, or at
Internal Revenue Service, Room 6526,
SUMMARY:
PO 00000
Frm 00168
Fmt 4703
Sfmt 4703
4999
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet, at Kerry.L.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Application for Determination
for Terminating Plan, and Distributable
Benefits from Employee Pension Benefit
Plans.
OMB Number: 1545–0202.
Form Numbers: 5310 and 6088.
Abstract: Employers who have
qualified deferred compensation plans
can take an income tax deduction for
contributions to their plans. Form 5310
is used to request an IRS determination
letter about the plan’s qualification
status (qualified or non-qualified) under
Internal Revenue Code sections 401(a)
or 403(a) of a pension. Form 6088 is
used by the IRS to analyst an
application for a determination letter on
the qualification of the plan upon
termination.
Current Actions: There is no change to
the existing form or burden at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
1,244.
Estimated Time per Respondent: 66
hours, 6 minutes.
Estimated Total Annual Burden
Hours: 82,231 hours.
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.
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
E:\FR\FM\31JAN1.SGM
31JAN1
5000
Federal Register / Vol. 87, No. 20 / Monday, January 31, 2022 / Notices
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: January 25, 2022.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2022–01841 Filed 1–28–22; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 5498–ESA
Internal Revenue Service (IRS),
Treasury.
AGENCY:
Notice and request for
comments.
ACTION:
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 proposed
and/or continuing information
collections, as required by the
Paperwork Reduction Act of 1995.
Currently, the IRS is soliciting
comments concerning Form 5498–ESA,
Coverdell ESA Contribution
Information.
SUMMARY:
Written comments should be
received on or before April 1, 2022 to
be assured of consideration.
khammond on DSKJM1Z7X2PROD with NOTICES
DATES:
VerDate Sep<11>2014
17:38 Jan 28, 2022
Jkt 256001
Direct all written comments
to Andres Garcia, Internal Revenue
Service, Room 6529, 1111 Constitution
Avenue NW, Washington, DC 20224.
You must reference the information
collection’s title, form number,
reporting or record-keeping requirement
number, and OMB number (if any) in
you comment.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to LaNita Van Dyke
at (202) 317 6009, at Internal Revenue
Service, Room 6529, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet, at
Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Coverdell ESA Contribution
Information.
OMB Number: 1545–1815.
Form Number: 5498–ESA.
Abstract: Form 5498–ESA is used by
trustees or issuers of Coverdell
Education Savings accounts to report
contributions and rollovers to these
accounts to beneficiaries.
Current Actions: There is no change to
the existing collection.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organization.
Estimated Number of Responses:
298,500.
Estimated Time per Response: 7
minutes.
Estimated Total Annual Burden
Hours: 35,820.
The following paragraph applies to all
of the collections of information covered
by this notice:
ADDRESSES:
PO 00000
Frm 00169
Fmt 4703
Sfmt 9990
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: January 26, 2022.
Andres Garcia Leon,
Supervisory Tax Analyst.
[FR Doc. 2022–01907 Filed 1–28–22; 8:45 am]
BILLING CODE 4830–01–P
E:\FR\FM\31JAN1.SGM
31JAN1
]]>Agencies
[Federal Register Volume 87, Number 20 (Monday, January 31, 2022)]
[Notices]
[Pages 4999-5000]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-01841]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Application for
Determination for Terminating Plan, and Distributable Benefits From
Employee Pension Benefit Plans
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: 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
continuing information collections, as required by the Paperwork
Reduction Act of 1995. The IRS is soliciting comments concerning
guidance on the application for determination for terminating plan, and
distributable benefits from employee pension benefit plans.
DATES: Written comments should be received on or before April 1, 2022
to be assured of consideration.
ADDRESSES: Direct all written comments to Andres Garcia, Internal
Revenue Service, room 6526, 1111 Constitution Avenue NW, Washington, DC
20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form should be directed to Kerry Dennis at (202) 317-
5751, or at Internal Revenue Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or through the internet, at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Application for Determination for Terminating Plan, and
Distributable Benefits from Employee Pension Benefit Plans.
OMB Number: 1545-0202.
Form Numbers: 5310 and 6088.
Abstract: Employers who have qualified deferred compensation plans
can take an income tax deduction for contributions to their plans. Form
5310 is used to request an IRS determination letter about the plan's
qualification status (qualified or non-qualified) under Internal
Revenue Code sections 401(a) or 403(a) of a pension. Form 6088 is used
by the IRS to analyst an application for a determination letter on the
qualification of the plan upon termination.
Current Actions: There is no change to the existing form or burden
at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 1,244.
Estimated Time per Respondent: 66 hours, 6 minutes.
Estimated Total Annual Burden Hours: 82,231 hours.
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.
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
[[Page 5000]]
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: January 25, 2022.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2022-01841 Filed 1-28-22; 8:45 am]
BILLING CODE 4830-01-P
