[Federal Register Volume 82, Number 231 (Monday, December 4, 2017)]
[Notices]
[Page 57327]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-26005]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Forms 5498-QA and 1099-
QA
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act
of 1995. The IRS is soliciting comments concerning Form 5498-QA, ABLE
Account Contribution Information, and Form 1099-QA, Distributions from
ABLE Accounts.
DATES: Written comments should be received on or before February 2,
2018 to be assured of consideration.
ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue
Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information
or copies of the form and instructions should be directed to Martha R.
Brinson, at (202) 317-5753 or at Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW., Washington, DC 20224, or through the
Internet at [email protected].
SUPPLEMENTARY INFORMATION:
Title: ABLE Account Contribution Information; Distributions from
ABLE Accounts.
OMB Number: 1545-2262.
Form Numbers: 5498-QA; 1099-QA.
Abstract: Public Law 113-295, ABLE Act of 2014, granted States,
agencies and/or their instrumentalities the authority to allow for the
establishment of special accounts that allow individuals and families
to set aside money for the purpose of supporting individuals with
disabilities to maintain health, independence, and quality of life,
without impacting eligibility for other social service financial
assistance programs such as Medicaid. Form 5498-QA is used to report to
the beneficiaries the contributions, rollovers, and program to program
transfers associated with these accounts. Form 1099-QA allows these
individuals and families to draw from the special account.
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: Individuals or households.
Form 5498-QA
Estimated Number of Responses: 10,000.
Estimated Time per Respondent: 11 min.
Estimated Total Annual Burden Hours: 1,900
Form 1099-QA
Estimated Number of Responses: 10,000.
Estimated Time per Respondent: 10 min.
Estimated Total Annual Burden Hours: 1,700
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: November 28, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-26005 Filed 12-1-17; 8:45 am]
BILLING CODE 4830-01-P