Agency Information Collection Activities; Submission for OMB Review; Comment Request; Annual Return/Report of Employee Benefit Plan, 15121-15122 [2023-04930]
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Federal Register / Vol. 88, No. 47 / Friday, March 10, 2023 / Notices
Paperwork Reduction Act of 1995. The
IRS is soliciting comments concerning
the Annual Return/Report of Employee
Benefit Plan.
[FR Doc. 2023–04989 Filed 3–9–23; 8:45 am]
Comments should be received on
or before April 10, 2023 to be assured
of consideration.
DATES:
BILLING CODE 4810–AL–C
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Annual
Return/Report of Employee Benefit
Plan
Departmental Offices, U.S.
Department of the Treasury.
ACTION: Notice.
lotter on DSK11XQN23PROD with NOTICES1
AGENCY:
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
SUMMARY:
VerDate Sep<11>2014
17:45 Mar 09, 2023
Jkt 259001
Written comments and
recommendations for the proposed
information collection should be sent
within 30 days of publication of this
notice to www.reginfo.gov/public/do/
PRAMain. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Copies of the
submissions may be obtained from
Melody Braswell by emailing PRA@
treasury.gov, calling (202) 622–1035, or
viewing the entire information
collection request at www.reginfo.gov.
ADDRESSES:
SUPPLEMENTARY INFORMATION:
PO 00000
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Internal Revenue Service (IRS)
Title: Annual Return/Report of
Employee Benefit Plan.
OMB Control Number: 1545–1610.
Form Number: 5500 and associated
Schedules, and 5558.
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.
Form 5500–EZ is an annual return filed
by a one participant (owners/partners
and their spouses) retirement plan or a
foreign plan to satisfy certain annual
reporting and filing requirements
imposed by the Internal Revenue Code
(Code). Form 5558 will be used by the
IRS to grant extension request for filing
the 5500 series and the 8955–SSA
forms. The IRS uses this data to
E:\FR\FM\10MRN1.SGM
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EN10MR23.010</GPH>
Dated: March 3, 2023.
Andrea Gacki,
Director, Office of Foreign Assets Control,
U.S. Department of the Treasury.
15121
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15122
Federal Register / Vol. 88, No. 47 / Friday, March 10, 2023 / Notices
determine if the plan appears to be
operating properly as required under the
Code or whether the plan should be
audited.
Current Actions: IRS is adding Form
5558 to the OMB approval for 1545–
1610. Additionally, IRS is making the
following revisions to the Form 5558 to
allow for electronic filing with the
Department of Labor’s (DOL) ERISA
Filing Acceptance System (EFAST2).
Currently, Form 5558 is used by a
filer to request an extension of time to
file Form 5500 series, Form 8955–SSA
as well as the Form 5330, Return of
Excise Taxes Related to Employee
Benefit Plans. Form 5558 does not
extend the time to pay the excise taxes.
Any tax due for Form 5330 filers must
be paid with Form 5558 for the
application for an extension of time to
file Form 5330.
The DOL EFAST2 system will not
take the IRS tax payment. Thus, the IRS
will revise Form 5558 to remove the
items about the extension of time to file
Form 5330. This will allow DOL to
electronically collect the form. The
Form 5558 will be used to solely request
extensions on the Form 5500 series and
Form 8955–SSA. The payment
information from Form 5558 will be
incorporated into Form 8868. The Form
8868 will be revised to allow extensions
for Form 5330 and payment of excise
tax due. Form 8868 will only allow for
the extension to file, and will not extend
the payment of the excise tax. The
pension plan burden for the Form 8868
revision will be covered under 1545–
0575.
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 Total Number of
Respondents: 1,471,958.
Estimated Total Number of
Responses: 1,471,958.
Estimated Total Frequency of
Response: 1.
Estimated Total Average of Hours per
Response: 2.4.
Estimated Total Annual Burden
Hours: 2,138,922.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023–04930 Filed 3–9–23; 8:45 am]
BILLING CODE 4830–01–P
VerDate Sep<11>2014
17:45 Mar 09, 2023
Jkt 259001
DEPARTMENT OF VETERANS
AFFAIRS
Privacy Act of 1974; Matching Program
AGENCY:
Department of Veterans Affairs
(VA).
Notice of a new matching
program.
ACTION:
The Department of Veterans
Affairs (VA) has an 18 month computer
matching agreement (CMA) agreement
with the Federal Bureau of Prisons
(BOP) regarding Veterans, VA
beneficiaries, and caregivers who are in
federal prison and are also in receipt of
compensation and pension benefits. The
purpose of this CMA is to re-establish
the agreement between VA and the
United States Department of Justice
(DOJ), BOP. BOP will disclose
information about individuals who are
in federal prison. VBA will use this
information as a match for recipients of
Compensation and Pension benefits for
adjustments of awards.
DATES: Comments on this matching
program must be received no later than
30 days after the date of publication in
the Federal Register. If no public
comment is received during the period
allowed for comment or unless
otherwise published in the Federal
Register by VA, the new agreement will
become effective a minimum of 30 days
after the date of publication in the
Federal Register. If VA receives public
comments, VA shall review the
comments to determine whether any
changes to the notice are necessary. This
matching program will be valid for 18
months from the effective date of this
notice.
SUMMARY:
Comments may be
submitted through www.Regulations.gov
or mailed to VA Privacy Service, 810
Vermont Avenue NW, (005R1A),
Washington, DC 20420. Comments
should indicate that they are submitted
in response to the computer matching
agreement between the Department of
Veterans Affairs and the Federal Bureau
of Prisons. Comments received will be
available at regulations.gov for public
viewing, inspection, or copies.
FOR FURTHER INFORMATION CONTACT: Eric
Robinson (VBA), 202–443–6016,
Eric.Robinson3@va.gov.
SUPPLEMENTARY INFORMATION: This
matching program between VA and BOP
identifies VA beneficiaries who are in
receipt of certain VA benefit payments
and who are confined for a period
exceeding 60 days due to a conviction
for a felony or a misdemeanor. VA uses
the BOP records provided in the match
to update the master records of VA
ADDRESSES:
PO 00000
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beneficiaries receiving benefits and to
adjust their VA benefits, accordingly, if
needed. This agreement sets forth the
responsibilities of VA and BOP with
respect to information disclosed
pursuant to this agreement and takes
into account both agencies’
responsibilities under the Privacy Act of
1974, 5 U.S.C. 552a, as amended by the
Computer Matching and Privacy
Protection Act of 1988, as amended, and
the regulations promulgated thereunder,
including computer matching portions
of a revision of OMB Circular No. A–
130, 81 FR 49689 dated July 28, 2016.
Participating Agencies: The United
States Department of Veterans Affairs
(VA), as the matching recipient agency
and the United States Department of
Justice (DOJ), Federal Bureau of Prisons
(BOP) as the matching source agency.
Authority for Conducting the
Matching Program: The legal authority
to conduct this match is 38 U.S.C. 1505,
5106, and 5313. Section 5106 requires
any Federal department or agency to
provide VA such information as VA
requests for the purposes of determining
eligibility for, or the amount of VA
benefits, or verifying other information
with respect thereto. Section 1505
provides that no VA pension benefits
shall be paid to or for any person
eligible for such benefits, during the
period of that person’s incarceration as
the result of conviction of a felony or
misdemeanor, beginning on the sixtyfirst day of incarceration. Section 5313
provides that VA compensation or
dependency and indemnity
compensation above a specified amount
shall not be paid to any person eligible
for such benefit, during the period of
that person’s incarceration as the result
of conviction of a felony, beginning on
the sixty-first day of incarceration.
Purpose(s): The purpose of this
matching program between VA and BOP
to identify those veterans and VA
beneficiaries, including VA caregivers,
such as for those participating in VA’s
Program of Comprehensive Assistance
for Family Caregivers (PCAFC), who are
in receipt of certain VA benefit
payments and who are confined for a
period exceeding 60 days due to a
conviction for a felony or a
misdemeanor. VA has the obligation to
reduce or suspend compensation,
pension, and dependency and
indemnity compensation benefit
payments to veterans and VA
beneficiaries on the 61st day following
conviction and incarceration in a
Federal, State, or Local institution for a
felony or a misdemeanor.
Categories of Individuals:
E:\FR\FM\10MRN1.SGM
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]]>Agencies
[Federal Register Volume 88, Number 47 (Friday, March 10, 2023)]
[Notices]
[Pages 15121-15122]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-04930]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Annual Return/Report of Employee Benefit Plan
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
-----------------------------------------------------------------------
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 the Annual Return/
Report of Employee Benefit Plan.
DATES: Comments should be received on or before April 10, 2023 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Copies of
the submissions may be obtained from Melody Braswell by emailing
[email protected], calling (202) 622-1035, or viewing the entire
information collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: Annual Return/Report of Employee Benefit Plan.
OMB Control Number: 1545-1610.
Form Number: 5500 and associated Schedules, and 5558.
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. Form 5500-EZ is an annual return filed by a one
participant (owners/partners and their spouses) retirement plan or a
foreign plan to satisfy certain annual reporting and filing
requirements imposed by the Internal Revenue Code (Code). Form 5558
will be used by the IRS to grant extension request for filing the 5500
series and the 8955-SSA forms. The IRS uses this data to
[[Page 15122]]
determine if the plan appears to be operating properly as required
under the Code or whether the plan should be audited.
Current Actions: IRS is adding Form 5558 to the OMB approval for
1545-1610. Additionally, IRS is making the following revisions to the
Form 5558 to allow for electronic filing with the Department of Labor's
(DOL) ERISA Filing Acceptance System (EFAST2).
Currently, Form 5558 is used by a filer to request an extension of
time to file Form 5500 series, Form 8955-SSA as well as the Form 5330,
Return of Excise Taxes Related to Employee Benefit Plans. Form 5558
does not extend the time to pay the excise taxes. Any tax due for Form
5330 filers must be paid with Form 5558 for the application for an
extension of time to file Form 5330.
The DOL EFAST2 system will not take the IRS tax payment. Thus, the
IRS will revise Form 5558 to remove the items about the extension of
time to file Form 5330. This will allow DOL to electronically collect
the form. The Form 5558 will be used to solely request extensions on
the Form 5500 series and Form 8955-SSA. The payment information from
Form 5558 will be incorporated into Form 8868. The Form 8868 will be
revised to allow extensions for Form 5330 and payment of excise tax
due. Form 8868 will only allow for the extension to file, and will not
extend the payment of the excise tax. The pension plan burden for the
Form 8868 revision will be covered under 1545-0575.
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 Total Number of Respondents: 1,471,958.
Estimated Total Number of Responses: 1,471,958.
Estimated Total Frequency of Response: 1.
Estimated Total Average of Hours per Response: 2.4.
Estimated Total Annual Burden Hours: 2,138,922.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-04930 Filed 3-9-23; 8:45 am]
BILLING CODE 4830-01-P
