[Federal Register Volume 78, Number 186 (Wednesday, September 25, 2013)]
[Notices]
[Page 59098]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-23291]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 5300 and Schedule Q
(Form 5300)
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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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
Form 5300, Application for Determination for Employee Benefit Plan, and
Schedule Q (Form 5300), Elective Determination Requests.
DATES: Written comments should be received on or before November 25,
2013 to be assured of consideration.
ADDRESSES: Direct all written comments to Yvette B. 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 forms and instructions should be directed to Gerald J.
Shields, LL.M. at Internal Revenue Service, room 6129, 1111
Constitution Avenue NW., Washington, DC 20224 or through the internet
at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Application for Determination for Employee Benefit Plan
(Form 5300), and Elective Determination Requests (Schedule Q (Form
5300).
OMB Number: 1545-0197.
Form Number: Form 5300 and Schedule Q (Form 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. The information requested on Schedule Q (Form 5300)
relates to the manner in which the plan satisfies certain qualification
requirements concerning minimum participation, coverage, and
nondiscrimination.
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: Business or other for-profit organizations and
individuals.
Estimated Number of Respondents: 185,000.
Estimated Time per Respondent: 43 hours, 6 minutes.
Estimated Total Annual Burden Hours: 7,972,750.
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: September 12, 2013.
Alan M. Hopkins,
Tax Analyst.
[FR Doc. 2013-23291 Filed 9-24-13; 8:45 am]
BILLING CODE 4830-01-P