Notice2022-14951
Proposed Collection; Comment Request for IRS Notice 97-45
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
July 13, 2022
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Notice 97-45, Highly Compensated Employee Definition.
Full Text
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<title>Federal Register, Volume 87 Issue 133 (Wednesday, July 13, 2022)</title>
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[Federal Register Volume 87, Number 133 (Wednesday, July 13, 2022)]
[Notices]
[Page 41872]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-14951]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for IRS Notice 97-45
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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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
information collections, as required by the Paperwork Reduction Act of
1995. The IRS is soliciting comments concerning Notice 97-45, Highly
Compensated Employee Definition.
DATES: Written comments should be received on or before September 12,
2022 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 <a href="/cdn-cgi/l/email-protection#146466753a777b7979717a6067547d66673a737b62"><span class="__cf_email__" data-cfemail="e9999b88c78a8684848c879d9aa9809b9ac78e869f">[email protected]</span></a>. Include 1545-1550 or Title:
Highly Compensated Employee Definition in the subject line of the
message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information
or copies of this collection should be directed to LaNita Van Dyke,
202-317-6009, 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#0448656a6d70652a52656a407d6f61446d76772a636b72"><span class="__cf_email__" data-cfemail="602c010e0914014e36010e24190b05200912134e070f16">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Highly Compensated Employee Definition.
OMB Number: 1545-1550.
Notice Number: Notice 97-45.
Abstract: Notice 97-45 provides guidance on the definition of
highly compensated employee (HCE) within the meaning of section 414(q)
of the Internal Revenue Code, as simplified by section 1431 of the
Small Business Job Protection Act of 1996, including an employer's
option to make a top-paid group election under section
414(q)(1)(B)(ii). The notice requires qualified retirement plans that
contain a definition of HCE to be amended to reflect the statutory
changes to section 414(q).
Current Actions: There are no changes being made to the notice at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations, and
not-for-profit institutions.
Estimated Number of Respondents: 218,683.
Estimated Time per Response: 18 minutes.
Estimated Total Annual Burden Hours: 65,605.
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: July 8, 2022.
Andres Garcia Leon,
Supervisory Tax Analyst.
[FR Doc. 2022-14951 Filed 7-12-22; 8:45 am]
BILLING CODE 4830-01-P
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