Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request on Burden for Form 5305-SEP, 48485 [2024-12397]
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Federal Register / Vol. 89, No. 110 / Thursday, June 6, 2024 / Notices
FOR FURTHER INFORMATION CONTACT:
Robert Rosalia at 1–888–912–1227 or
(718) 834–2203.
SUPPLEMENTARY INFORMATION: Notice is
hereby given pursuant to section
10(a)(2) of the Federal Advisory
Committee Act, 5 U.S.C. App. (1988)
that an open meeting of the Taxpayer
Advocacy Panel’s Notices and
Correspondence Project Committee will
be held Tuesday, June 18, 2024, at 11:00
a.m. Eastern Time. The public is invited
to make oral comments or submit
written statements for consideration.
Due to limited time and structure of
meeting, notification of intent to
participate must be made with Robert
Rosalia. For more information, please
contact Robert Rosalia at 1–888–912–
1227 or (718) 834–2203, or write TAP
Office, 2 Metrotech Center, 100 Myrtle
Avenue, Brooklyn, NY 11201 or contact
us at the website: https://
www.improveirs.org. The agenda will
include TAP 2024 committee project
focus areas.
Dated: May 31, 2024.
Shawn Collins,
Director, Taxpayer Advocacy Panel.
[FR Doc. 2024–12378 Filed 6–5–24; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information
Collection Request Submitted for
Public Comment; Comment Request
on Burden for Form 5305–SEP
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 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
lotter on DSK11XQN23PROD with NOTICES1
SUMMARY:
VerDate Sep<11>2014
17:12 Jun 05, 2024
Jkt 262001
soliciting comments concerning the
burden associated with Form 5305–SEP,
Simplified Employee Pension—
Individual Retirement Accounts
Contribution Agreement.
DATES: Written comments should be
received on or before August 5, 2024 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Andrés Garcia, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
by email to pra.comments@irs.gov.
Please include, ‘‘OMB Number: 1545–
0499—Public Comment Request Notice’’
in the Subject line.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Ronald J. Durbala,
at (202) 317–5746, at Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
through the internet at
RJoseph.Durbala@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Simplified Employee Pension—
Individual Retirement Accounts
Contribution Agreement.
OMB Number: 1545–0499.
Document Number: 5305–SEP.
Abstract: Form 5305–SEP is used by
an employer to make an agreement to
provide benefits to all employees under
a Simplified Employee Pension (SEP)
described in Internal Revenue Code
section 408(k). This form is not to be
filed with the IRS but is to be retained
in the employer’s records as proof of
establishing a SEP and justifying a
deduction for contributions to the SEP.
Current Actions: There are no changes
to the burden previously approved by
OMB. This request is to extend the
current approval for another 3 years.
Type of Review: Extension of a
currently approved collection.
Affected Public: Business and other
for-profit organizations.
Estimated Number of Respondents:
100,000.
Estimated Time per Respondent: 4
hrs., 57 min.
Estimated Total Annual Burden
Hours: 495,000.
PO 00000
Frm 00125
Fmt 4703
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48485
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
• 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: June 3, 2024.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2024–12397 Filed 6–5–24; 8:45 am]
BILLING CODE 4830–01–P
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]]>Agencies
[Federal Register Volume 89, Number 110 (Thursday, June 6, 2024)]
[Notices]
[Page 48485]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-12397]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Comment Request on Burden for Form 5305-SEP
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 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 Form 5305-SEP, Simplified
Employee Pension--Individual Retirement Accounts Contribution
Agreement.
DATES: Written comments should be received on or before August 5, 2024
to be assured of consideration.
ADDRESSES: Direct all written comments to Andr[eacute]s Garcia,
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or by email to [email protected]. Please
include, ``OMB Number: 1545-0499--Public Comment Request Notice'' in
the Subject line.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Ronald J.
Durbala, at (202) 317-5746, at Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW, Washington, DC 20224, or through the
internet at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Simplified Employee Pension--Individual Retirement Accounts
Contribution Agreement.
OMB Number: 1545-0499.
Document Number: 5305-SEP.
Abstract: Form 5305-SEP is used by an employer to make an agreement
to provide benefits to all employees under a Simplified Employee
Pension (SEP) described in Internal Revenue Code section 408(k). This
form is not to be filed with the IRS but is to be retained in the
employer's records as proof of establishing a SEP and justifying a
deduction for contributions to the SEP.
Current Actions: There are no changes to the burden previously
approved by OMB. This request is to extend the current approval for
another 3 years.
Type of Review: Extension of a currently approved collection.
Affected Public: Business and other for-profit organizations.
Estimated Number of Respondents: 100,000.
Estimated Time per Respondent: 4 hrs., 57 min.
Estimated Total Annual Burden Hours: 495,000.
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
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: June 3, 2024.
Ronald J. Durbala,
IRS Tax Analyst.
[FR Doc. 2024-12397 Filed 6-5-24; 8:45 am]
BILLING CODE 4830-01-P
