[Federal Register Volume 61, Number 248 (Tuesday, December 24, 1996)]
[Notices]
[Page 67874]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-32672]
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DEPARTMENT OF THE TREASURY
[EE-35-85]
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)). Currently, the IRS is soliciting comments concerning an
existing final regulation, EE-35-85 (TD 8219), Income Tax: Taxable
Years Beginning After December 31, 1953; OMB Control Number Under The
Paperwork Reduction Act; Survivor Benefits, Distribution Restriction
and Various Other Issues Under the Retirement Equity Act of 1984
(Sec. 1.402(a)-20).
DATES: Written comments should be received on or before February 24,
1997 to be assured of consideration.
ADDRESSES: Direct all written comments to Garrick R. Shear, Internal
Revenue Service, room 5571, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional
information or copies of the information collection should be
directed to Carol Savage, (202) 622-3945, Internal Revenue Service,
room 5569, 1111 Constitution Avenue NW., Washington, DC 20224.
SUPPLEMENTARY INFORMATION:
Title: Income Tax: Taxable Years Beginning After December 31, 1953;
OMB Control Number Under The Paperwork Reduction Act; Survivor
Benefits, Distribution Restriction and Various Other Issues Under the
Retirement Equity Act of 1984.
OMB Number: 1545-0928.
Regulation Project Number: EE-35-85.
Abstract: The notices referred to in this Treasury Decision are
required by statute and must be provided by employers to retirement
plan participants to inform participants of their right under the plan
or under the law. Failure to timely notify participants of their rights
may result in loss of plan benefits.
Current Actions: Internal Revenue Code section 402(f) was
substantially amended by the Unemployment Compensation Amendments Act
of 1992. As a result, new regulations were issued amending section
1.402(f)-1.
Type of Review: Revision of a currently approved collection.
Affected Public: Business or other for-profit organization, not-
for-profit institutions, Federal Government, and state, local or tribal
government.
Estimated Number of Respondents: 750,000.
Estimated Time Per Respondent: 31 minutes.
Estimated Total Annual Burden Hours: 385,000.
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: December 18, 1996.
Garrick R. Shear,
IRS Reports Clearance Officer
[FR Doc. 96-32672 Filed 12-23-96; 8:45 am]
BILLING CODE 4830-01-U