Notice2023-24288
Proposed Extension of Information Collection Request Submitted for Public Comment; Comment Request Relating to the Employee Plans Determination Letter Program
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
November 3, 2023
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 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. The IRS is soliciting comments concerning the application form for a determination letter for Employee Benefit Plans.
Full Text
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<title>Federal Register, Volume 88 Issue 212 (Friday, November 3, 2023)</title>
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[Federal Register Volume 88, Number 212 (Friday, November 3, 2023)]
[Notices]
[Pages 75639-75640]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-24288]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Extension of Information Collection Request Submitted
for Public Comment; Comment Request Relating to the Employee Plans
Determination Letter Program
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 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. The IRS is soliciting comments concerning the
application form for a determination letter for Employee Benefit Plans.
DATES: Written comments should be received on or before January 2, 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 <a href="/cdn-cgi/l/email-protection#5e2e2c3f703d3133333b302a2d1e372c2d70393128"><span class="__cf_email__" data-cfemail="cbbbb9aae5a8a4a6a6aea5bfb88ba2b9b8e5aca4bd">[email protected]</span></a>. Please include ``OMB Number
1545-0197'' in the subject line of the message.
Requests for additional information or copies of the regulations
should be directed to Sara Covington, at (202) 317-5744 or Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224, or through the internet, at <a href="/cdn-cgi/l/email-protection#3b485a495a15571558544d52555c4f54557b524948155c544d"><span class="__cf_email__" data-cfemail="4c3f2d3e2d6220622f233a25222b3823220c253e3f622b233a">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
[[Page 75640]]
Title: Employee Plans Determination Letter Program.
OMB Control Number: 1545-0197.
Form Number: 5300.
Abstract: Internal Revenue Code sections 401(a) and 501(a) set out
requirements for qualification of employee benefit trusts and the tax-
exempt status of these trusts. Form 5300 is used to request a
determination letter from the IRS for the qualification of a defined
benefit or a defined contribution plan and the exempt status of any
related trust.
Current Actions: There is no change to the burden previously
approved by OMB. This request is being submitted for renewal purposes
only.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations and
individuals.
Estimated Number of Respondents: 85,000.
Estimated Time per Respondent: 84 hours, 43 min.
Estimated Total Annual Burden Hours: 7,201,200.
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:
<bullet> 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;
<bullet> 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;
<bullet> Enhance the quality, utility, and clarity of the
information to be collected; and
<bullet> 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: October 30, 2023.
Sara L. Covington,
IRS Tax Analyst.
[FR Doc. 2023-24288 Filed 11-2-23; 8:45 am]
BILLING CODE 4830-01-P
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