Proposed Collection; Comment Request for Notice 2024-2, 12945 [2024-03367]

Agencies

• Internal Revenue Service
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 89, Number 34 (Tuesday, February 20, 2024)]
[Notices]
[Page 12945]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-03367]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Notice 2024-2

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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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, Miscellaneous 
Changes Under the SECURE 2.0 Act of 2022.

DATES: Written comments should be received on or before April 22, 2024 
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, or by email to [email protected]. Include ``OMB Number 1545-
2317--Miscellaneous Changes Under the SECURE 2.0 Act of 2022'' in the 
subject line of the message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this collection 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: Miscellaneous Changes Under the SECURE 2.0 Act of 2022.
    OMB Number: 1545-2317.
    Notice Number: 2024-2.
    Abstract: Section 72(t)(1) generally imposes a 10 percent 
additional tax on any distribution from a qualified retirement plan 
within the meaning of section 4974(c), unless the distribution 
qualifies for one of the exceptions listed in section 72(t)(2). Section 
72(t)(2)(L)(iii) provides that, in order to be considered a terminally 
ill individual, an employee must furnish sufficient evidence to the 
plan administrator. This information will be used by a plan 
administrator to determine whether an individual is eligible for a 
terminal illness distribution and thus eligible for the exception to 
the 10 percent additional tax under section 72(t)(2)(L).
    Current Actions: There are no changes to the notice at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals and Households.
    Estimated Number of Respondents: 500.
    Estimated Time per Respondent: 15 mins.
    Estimated Total Annual Burden Hours: 125.
    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.

    Approved: February 12, 2024.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2024-03367 Filed 2-16-24; 8:45 am]
BILLING CODE 4830-01-P