[Federal Register Volume 80, Number 126 (Wednesday, July 1, 2015)]
[Notices]
[Pages 37755-37756]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-16222]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Information Collection; Comment Request
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
the Employee Plans Compliance Resolution System (EPCRS).
DATES: Written comments should be received on or before August 31, 2015
to be assured of consideration.
ADDRESSES: Direct all written comments to Christie Preston, 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 R. Joseph Durbala at
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW.,
Washington, DC 20224, or at (202) 317-5746, or through the internet at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Employee Plans Compliance Resolution System (R.P. 2015-27,
R.P. 2015-28)--including Forms 8950, 8951, 14568, 14568-A thru I.
OMB Number: 1545-1673.
Regulation Project Number: RP 2015-27 and RP 2015-28.
Form Number: Forms 8950, 8951, 14568, 14568-A thru I.
Abstract: The information requested in Revenue Procedure 2015-27 is
required to enable the Internal Revenue Service to make determinations
on the issuance of various types of closing agreements and compliance
statements. The issuance of the agreements and statements allow
individual plans to maintain their tax-qualified status. As a result,
the favorable tax treatment of the benefits of the eligible employees
is retained. Applicants under the Voluntary Correction Program (VCP)
must file Forms 8950 and 8951, and the appropriate scheduled(s) to the
applicable part of the model compliance statement, in order to request
written approval from the IRS for a correction of a qualified plan that
has failed to comply with the requirements of the Internal Revenue
Code.
Current Actions: There is no change to this existing collection.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals and business or other for-profit
organizations, not-for profit institutions, and state, local or tribal
governments.
Estimated Number of Responses: 14,300.
Estimated Time per Respondent: 13 hours, 21 minutes.
Estimated Total Annual Burden Hours: 190,941.
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,
[[Page 37756]]
maintenance, and purchase of services to provide information.
Approved: June 24, 2015.
Christie Preston,
IRS, Reports Clearance Officer.
[FR Doc. 2015-16222 Filed 6-30-15; 8:45 am]
BILLING CODE 4830-01-P