[Federal Register Volume 62, Number 115 (Monday, June 16, 1997)]
[Pages 32679-32680]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-15630]



Internal Revenue Service

Proposed Collection; Comment Request for Form 5558

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.


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 
Form 5558, Application for Extension of Time To File Certain Employee 
Plan Returns.

DATES: Written comments should be received on or before August 15, 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 form and instructions should be directed to Martha R. 
Brinson, (202) 622-3869, Internal Revenue Service, room 5571, 1111 
Constitution Avenue NW., Washington, DC 20224.


    Title: Application for Extension of Time To File Certain Employee 
Plan Returns.
    OMB Number: 1545-0212
    Form Number: 5558
    Abstract: This form is used by employers to request an extension of 
time to file the employee plan annual information return/report (Form 
5500 series) or the employee plan excise tax return (Form 5330). The 
data supplied on Form 5558 is used to determine if such extension of 
time is warranted.
    Current Actions:
    (1) The ``Extend Date'' column has been added to line 2. This will 
allow preparers to indicate the date they need for their extension. New 
line 3 was added for preparers to enter the reason why an extension is 
needed. This information was previously requested as an attachment to 
the form.
    (2) Lines 1b, 1c, 2, 3a, 3b, 5a, 5b, and 6 were eliminated because 
the information is no longer needed.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations and 
not-for-profit institutions.
    Estimated Number of Respondents: 305,000.
    Estimated Time Per Respondent: 27 min.
    Estimated Total Annual Burden Hours: 138,795.
    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

[[Page 32680]]

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: June 3, 1997.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 97-15630 Filed 6-13-97; 8:45 am]