Notice2024-06440
Proposed Collection; Comment Request for Forms 5498-QA and 1099-QA
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 27, 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 Form 5498-QA, ABLE Account Contribution Information, and Form 1099-QA, Distributions from ABLE Accounts.
Full Text
<html>
<head>
<title>Federal Register, Volume 89 Issue 60 (Wednesday, March 27, 2024)</title>
</head>
<body><pre>
[Federal Register Volume 89, Number 60 (Wednesday, March 27, 2024)]
[Notices]
[Pages 21418-21419]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-06440]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Forms 5498-QA and 1099-
QA
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
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 Form 5498-QA, ABLE
Account Contribution Information, and Form 1099-QA, Distributions from
ABLE Accounts.
DATES: Written comments should be received on or before May 28, 2024 to
be assured of consideration.
ADDRESSES: Direct all written comments to Andr[eacute]s Garcia,
Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW,
Washington, DC 20224, or by email to <a href="/cdn-cgi/l/email-protection#1e6e6c7f307d7173737b706a6d5e776c6d30797168"><span class="__cf_email__" data-cfemail="344446551a575b5959515a4047745d46471a535b42">[email protected]</span></a>. Please
include, ``OMB Number: 1545-2262, Form Numbers: 5498-QA; 1099-QA, (ABLE
Account Contribution Information; Distributions from ABLE Accounts),
Public Comment Request Notice'' in the Subject line.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the forms and instructions should be directed to LaNita Van
Dyke, at (202) 317-3009, 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#4f032e21263b2e61192e210b36242a0f263d3c61282039"><span class="__cf_email__" data-cfemail="236f424d4a57420d75424d675a4846634a51500d444c55">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION:
Title: ABLE Account Contribution Information; Distributions from
ABLE Accounts.
OMB Number: 1545-2262.
Form Numbers: 5498-QA; 1099-QA.
Abstract: Form 5498-QA, ABLE Account Contributions Information.
Public Law 113-295, ABLE Act of 2014 allows individuals and
families to set money aside in this special account for the purpose of
supporting individuals with disabilities to maintain health,
independence, and quality of life, without impacting eligibility for
other social service financial assistance programs such as Medicaid.
Form 1099-QA allows these individuals and families to draw from the
special account.
Current Actions: There are no changes being made to the forms at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Responses: 20,000.
Estimated Time per Respondent: 11 min.
[[Page 21419]]
Estimated Total Annual Burden Hours: 3,600.
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: March 20, 2024.
Molly J. Stasko,
Senior Tax Analyst.
[FR Doc. 2024-06440 Filed 3-26-24; 8:45 am]
BILLING CODE 4830-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on March 27, 2024.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.