Notice2021-11509
Proposed Collection; Comment Request for Form 5305-SEP
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
June 2, 2021
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
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 Simplified Employee Pension-Individual Retirement Accounts Contribution Agreement.
Full Text
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<title>Federal Register, Volume 86 Issue 104 (Wednesday, June 2, 2021)</title>
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[Federal Register Volume 86, Number 104 (Wednesday, June 2, 2021)]
[Notices]
[Pages 29627-29628]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-11509]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 5305-SEP
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 Simplified Employee
Pension-Individual Retirement Accounts Contribution Agreement.
DATES: Written comments should be received on or before August 2, 2021
to be assured of consideration.
ADDRESSES: Direct all written comments to Kinna Brewington, 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 and instructions 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 <a href="/cdn-cgi/l/email-protection#e4a98596908c85cab6caa6968d8a978b8aa48d9697ca838b92"><span class="__cf_email__" data-cfemail="074a6675736f6629552945756e69746869476e757429606871">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Simplified Employee Pension-Individual Retirement Accounts
Contribution Agreement.
OMB Number: 1545-0499.
Form 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 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: 100,000.
Estimated Time per Respondent: 4hr., 57 mins.
Estimated Total Annual Burden Hours: 495,000.
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
[[Page 29628]]
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: May 26, 2021.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2021-11509 Filed 6-1-21; 8:45 am]
BILLING CODE 4830-01-P
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