Notice2024-03367
Proposed Collection; Comment Request for Notice 2024-2
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
February 20, 2024
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, Miscellaneous Changes Under the SECURE 2.0 Act of 2022.
Full Text
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<title>Federal Register, Volume 89 Issue 34 (Tuesday, February 20, 2024)</title>
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[Federal Register Volume 89, Number 34 (Tuesday, February 20, 2024)]
[Notices]
[Page 12945]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-03367]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Notice 2024-2
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, Miscellaneous
Changes Under the SECURE 2.0 Act of 2022.
DATES: Written comments should be received on or before April 22, 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#f2828093dc919d9f9f979c8681b29b8081dc959d84"><span class="__cf_email__" data-cfemail="a6d6d4c788c5c9cbcbc3c8d2d5e6cfd4d588c1c9d0">[email protected]</span></a>. Include ``OMB Number 1545-
2317--Miscellaneous Changes Under the SECURE 2.0 Act of 2022'' in the
subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this collection 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#dc91bdaea8b4bdf28ef29eaeb5b2afb3b29cb5aeaff2bbb3aa"><span class="__cf_email__" data-cfemail="7a371b080e121b542854380813140915143a130809541d150c">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: Miscellaneous Changes Under the SECURE 2.0 Act of 2022.
OMB Number: 1545-2317.
Notice Number: 2024-2.
Abstract: Section 72(t)(1) generally imposes a 10 percent
additional tax on any distribution from a qualified retirement plan
within the meaning of section 4974(c), unless the distribution
qualifies for one of the exceptions listed in section 72(t)(2). Section
72(t)(2)(L)(iii) provides that, in order to be considered a terminally
ill individual, an employee must furnish sufficient evidence to the
plan administrator. This information will be used by a plan
administrator to determine whether an individual is eligible for a
terminal illness distribution and thus eligible for the exception to
the 10 percent additional tax under section 72(t)(2)(L).
Current Actions: There are no changes to the notice at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals and Households.
Estimated Number of Respondents: 500.
Estimated Time per Respondent: 15 mins.
Estimated Total Annual Burden Hours: 125.
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 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: February 12, 2024.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2024-03367 Filed 2-16-24; 8:45 am]
BILLING CODE 4830-01-P
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