[Federal Register Volume 79, Number 164 (Monday, August 25, 2014)]
[Notices]
[Page 50738]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-20168]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Regulation Project.
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)). The IRS is soliciting comments concerning information
collection requirements related to new technologies in retirement
plans.
DATES: Written comments should be received on or before October 24,
2014 to be assured of consideration.
ADDRESSES: Direct all written comments to R. Joseph Durbala, 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 LaNita Van Dyke at
Internal Revenue Service, Room 6517, 1111 Constitution Avenue NW.,
Washington, DC 20224, or through the Internet at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: New Technologies in Retirement Plans.
OMB Number: 1545-1632.
Regulation Project Number: T.D. 8873.
Abstract: This document contains amendments to the regulations
governing certain notices and consents required in connection with
distributions from retirement plans. Specifically, these regulations
set forth applicable standards for the transmission of those notices
and consents through electronic media and modify the timing
requirements for providing certain distribution-related notices. The
regulations provide guidance to plan sponsors and administrators by
interpreting the notice and consent requirements in the context of the
electronic administration of retirement plans. The regulations affect
retirement plan sponsors, administrators, and participants.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of currently approved collection.
Affected Public: Individuals or households.
Estimated Number of Responses: 11,700,000.
Estimated Total Burden Hours: 477,563.
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: August 14, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014-20168 Filed 8-22-14; 8:45 am]
BILLING CODE 4830-01-P