Notice2023-05115
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Return of Excise Taxes Related to Employee Benefit Plans and Application for Automatic Extension of Time To File an Exempt Organization Return
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
March 14, 2023
Issuing agencies
Treasury Department
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 the Return of Excise Taxes Related to Employee Benefit Plans and Application for Automatic Extension of Time to File an Exempt Organization Return.
Full Text
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<title>Federal Register, Volume 88 Issue 49 (Tuesday, March 14, 2023)</title>
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[Federal Register Volume 88, Number 49 (Tuesday, March 14, 2023)]
[Notices]
[Page 15854]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-05115]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Return of Excise Taxes Related to Employee
Benefit Plans and Application for Automatic Extension of Time To File
an Exempt Organization Return
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice.
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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 the Return of Excise
Taxes Related to Employee Benefit Plans and Application for Automatic
Extension of Time to File an Exempt Organization Return.
DATES: Comments should be received on or before April 13, 2023 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Copies of
the submissions may be obtained from Melody Braswell by emailing
<a href="/cdn-cgi/l/email-protection#91c1c3d0d1e5e3f4f0e2e4e3e8bff6fee7"><span class="__cf_email__" data-cfemail="f3a3a1b2b3878196928086818add949c85">[email protected]</span></a>, calling (202) 622-1035, or viewing the entire
information collection request at <a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: Return of Excise Taxes Related to Employee Benefit Plans and
Application for Automatic Extension of Time to File an Exempt
Organization Return.
OMB Control Number: 1545-0575.
Form Number: 5330 and 8868.
Abstract: Internal Revenue Code sections 4965, 4971, 4972,
4973(a)(3), 4975, 4976, 4977, 4978, 4979, 4979A, 4980 and 4980F impose
various excise taxes in connection with employee benefit plans. Form
5330 is used to compute and collect these taxes.
Current Actions: The Form 8868 will be revised to allow extensions
for Form 5330--Return of Excise Taxes Related to Employee Benefit
Plans. Form 8868 will only allow for the extension to file, and will
not extend the payment of the excise tax.
The Form 8868 burden attributed to pension plans will be captured
under OMB Control Number 1545-0575.
Type of Review: Revision of a currently approved collection.
Affected Public: Business or other for profit organizations,
individuals and households, not-for profit institutions, and farms.
Estimated Number of Respondents: 26,460.
Estimated Number of Responses per Respondent: 1.
Estimated Number of Annual Responses: 26,460.
Estimated Total Annual Burden Hours: 1,255,149.
Authority: 44 U.S.C. 3501 et seq.
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-05115 Filed 3-13-23; 8:45 am]
BILLING CODE 4830-01-P
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