[Federal Register Volume 78, Number 49 (Wednesday, March 13, 2013)]
[Notices]
[Page 16046]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-05701]
=======================================================================
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Notice 2010-6
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury, 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 proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
Notice 2010-6, Relief and Guidance on Corrections of Certain Failures
of a Nonqualified Deferred Compensation Plan to Comply with Section
409A(a).
DATES: Written comments should be received on or before May 13, 2013 to
be assured of consideration.
ADDRESSES: Direct all written comments to Yvette Lawrence, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the regulations should be directed to Martha R. Brinson at
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 622-3869, or through the Internet at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Relief and Guidance on Corrections of Certain Failures of a
Nonqualified Deferred Compensation Plan to Comply with Section 409A(a).
OMB Number: 1545-2164.
Notice Number: Notice 2010-6
Abstract: Notice 2010-6 requires a corporation to attach to its
federal income tax return an information statement related to the
correction of a failure of a nonqualified deferred compensation plan to
comply with the written plan document requirements of Section 409A(a).
The information statement must be attached to the corporation's income
tax return for the corporation's taxable year in which the correction
is made, and the subsequent taxable year to the extent an affected
employee must include an amount in income in such subsequent year as a
result of the correction. The corporation must also provide an
information statement to each affected employee, and such employee must
attach an information statement to the employee's federal tax return
for the employee's taxable year during which the correction is made,
and the subsequent taxable year but only if an amount is includible in
income by the employee in such subsequent year as a result of the
correction.
Current Actions: There are no changes being made to the notice at
this time.
Type of Review: Extension of a previously approved collection.
Affected Public: Business or other-for-profit organizations.
Estimated Number of Respondents: 10,000.
Estimated Time per Respondent: 30 minutes.
Estimated Total Annual Reporting Burden Hours: 5,000.
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: February 26, 2013.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2013-05701 Filed 3-12-13; 8:45 am]
BILLING CODE 4830-01-P