[Federal Register Volume 63, Number 72 (Wednesday, April 15, 1998)]
[Notices]
[Page 18496]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-9856]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 5307

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 
Form 5307, Application for Determination for Adopters of Master or 
Prototype, Regional Prototype or Volume Submitter Plans.

DATES: Written comments should be received on or before June 15, 1998, 
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.

SUPPLEMENTARY INFORMATION:
    Title: Application for Determination for Adopters of Master or 
Prototype, Regional Prototype or Volume Submitter Plans.
    OMB Number: 1545-0200.
    Form Number: 5307.
    Abstract: Employers whose pension plans meet the requirements of 
Internal Revenue Code section 401(a) are permitted a deduction for 
their contributions to these plans. To have a plan qualified under Code 
section 401(a), the employer must submit an application to the IRS as 
required by regulation Sec. 1.401-1(b)(2). Form 5307 is used as an 
application for this purpose by adopters of master or prototype, 
regional prototype, or volume submitter plans.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 39,000.
    Estimated Time Per Respondent: 18 hr., 25 min.
    Estimated Total Annual Burden Hours: 718,380.
    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 3 
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: April 8, 1998.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 98-9856 Filed 4-14-98; 8:45 am]
BILLING CODE 4830-01-U