Proposed Collection; Comment Request Relating to Application for Determination of Employee Stock Ownership Plan (ESOP), 20763 [2024-06180]
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khammond on DSKJM1Z7X2PROD with NOTICES
Federal Register / Vol. 89, No. 58 / Monday, March 25, 2024 / Notices
These regulations provide the public
with guidance needed to comply with
the applicable law and will affect S
corporations and their shareholders.
Current Actions: There are no changes
being made to this existing regulation or
to the paperwork burden previously
approved by OMB.
Type of Review: Extension of
currently approved collection.
Affected Public: Business or other forprofit organizations and individuals.
Estimated Number of Responses:
2,250.
Estimated Time per Respondent: 12
minutes.
Estimated Total Annual Burden
Hours: 450.
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: March 19, 2024.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2024–06182 Filed 3–22–24; 8:45 am]
BILLING CODE 4830–01–P
VerDate Sep<11>2014
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request Relating to Application for
Determination of Employee Stock
Ownership Plan (ESOP)
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 Form 5309, Application for
Determination of Employee Stock
Ownership Plan (ESOP).
DATES: Written comments should be
received on or before May 24, 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 pra.comments@irs.gov.
Please reference ‘‘OMB Control Number
1545–0284’’ in the subject line of the
message.
SUMMARY:
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Sara Covington,
(202) 317–5744 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: Application for Determination
of Employee Stock Ownership Plan
(ESOP).
OMB Number: 1545–0284.
Form Number: 5309.
Abstract: Internal Revenue Code
section 404(a) allows employers an
income tax deduction for contributions
to their qualified deferred compensation
plans. Form 5309 is used to request an
IRS determination letter about whether
the plan is qualified under Code section
409 or 4975(e)(7).
Current Actions: There are no changes
being made to the form at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business or other forprofit organizations.
Estimated Number of Respondents:
3,655.
PO 00000
Frm 00135
Fmt 4703
Sfmt 4703
20763
Estimated Time per Respondent: 10
hrs., 47 minutes.
Estimated Total Annual Burden
Hours: 26,975.
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: March 19, 2024.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2024–06180 Filed 3–22–24; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Agency Information Collection
Activities; Submission for OMB
Review; Comment Request; Importer’s
Records and Reports
Departmental Offices,
Department of the Treasury.
ACTION: Notice of information collection;
request for comment.
AGENCY:
The Department of the
Treasury will submit the following
information collection request to the
Office of Management and Budget
(OMB) for review and clearance in
accordance with the Paperwork
Reduction Act of 1995, on or after the
SUMMARY:
E:\FR\FM\25MRN1.SGM
25MRN1
]]>Agencies
[Federal Register Volume 89, Number 58 (Monday, March 25, 2024)]
[Notices]
[Page 20763]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-06180]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request Relating to Application for
Determination of Employee Stock Ownership Plan (ESOP)
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 Form
5309, Application for Determination of Employee Stock Ownership Plan
(ESOP).
DATES: Written comments should be received on or before May 24, 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]. Please reference ``OMB
Control Number 1545-0284'' in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Sara
Covington, (202) 317-5744 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 of Employee Stock Ownership
Plan (ESOP).
OMB Number: 1545-0284.
Form Number: 5309.
Abstract: Internal Revenue Code section 404(a) allows employers an
income tax deduction for contributions to their qualified deferred
compensation plans. Form 5309 is used to request an IRS determination
letter about whether the plan is qualified under Code section 409 or
4975(e)(7).
Current Actions: There are no changes being made to the form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 3,655.
Estimated Time per Respondent: 10 hrs., 47 minutes.
Estimated Total Annual Burden Hours: 26,975.
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: March 19, 2024.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2024-06180 Filed 3-22-24; 8:45 am]
BILLING CODE 4830-01-P
