[Federal Register Volume 80, Number 209 (Thursday, October 29, 2015)]
[Notices]
[Page 66617]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-27495]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Revenue Procedure
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 model amendments and prototype
program for simple IRAS.
DATES: Written comments should be received on or before December 28,
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 LaNita Van Dyke, Room
6517, 1111 Constitution Avenue NW., Washington, DC 20224, or through
the internet at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Model Amendments and Prototype Program for SIMPLE IRAs.
OMB Number: 1545-1543. Revenue Procedure Number: 97-29.
Abstract: This revenue procedure (1) provides a model amendment
that may be used, prior to January 1, 1999, by a sponsor of a prototype
individual retirement account or annuity (IRA) to establish a SIMPLE
IRA (an IRA designed to accept contributions under a SIMPLE IRA Plan
described in Sec. 408(p)) of the Internal Revenue Code; (2) provides
guidance on obtaining opinion letters to drafters of prototype SIMPLE
IRAs; (3) provides permissive amendments to sponsors of nonSIMPLE IRAs;
(4) announces the opening of a program for prototype SIMPLE IRA Plans;
and (5) provides transitional relief for users of SIMPLE IRAs and
SIMPLE IRA Plans that have not been approved by the Internal Revenue
Service.
Current Actions: There are no changes being made to the revenue
procedure at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, and
not-for-profit institutions.
Estimated Number of Respondents: 3,205.
Estimated Total Annual Reporting Burden hours: 25,870.
The following paragraph applies to all 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 it displays a valid
OMB control number. Books or records relating to a collection 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: October 22, 2015.
Michael Joplin,
IRS Reports Clearance Officer.
[FR Doc. 2015-27495 Filed 10-28-15; 8:45 am]
BILLING CODE 4830-01-P