[Federal Register Volume 74, Number 138 (Tuesday, July 21, 2009)]
[Notices]
[Pages 35908-35909]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E9-17216]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 5304-SIMPLE, Form 
5305-SIMPLE, and Notice 98-4

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 5304-SIMPLE, Savings Incentive Match Plan for Employees of Small 
Employers (SIMPLE)--Not for Use With a Designated Financial 
Institution; Form 5305-SIMPLE, Savings Incentive Match Plan for 
Employees of Small Employers (SIMPLE)--for Use With a Designated 
Financial Institution; Notice 98-4, Simple IRA Plan Guidance

DATES: Written comments should be received on or before September 21, 
2009 to be assured of consideration.

ADDRESSES: Direct all written comments to R. Joseph Durbala, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the forms, instructions, and notice should be directed to 
Allan Hopkins, (202) 622-6665, Internal Revenue Service, Room 6129, 
1111 Constitution Avenue, NW., Washington, DC 20224, or through the 
Internet at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Form 5304-SIMPLE, Savings Incentive Match Plan for Employees 
of Small Employers (SIMPLE)--Not for Use With a Designated Financial 
Institution, Form 5304-SIMPLE; Savings Incentive Match Plan for 
Employees of Small Employers (SIMPLE)--for Use With a Designated 
Financial Institution, Form 5305-SIMPLE; SIMPLE IRA Plan Guidance 
(Notice 98-4).
    OMB Number: 1545-1502.
    Form Number: Form 5304-SIMPLE, Form 5305-SIMPLE, and Notice 98-4.
    Abstract: Form 5304-SIMPLE is a model SIMPLE IRA agreement that was 
created to be used by an employer to

[[Page 35909]]

permit employees who are not using a designated financial institution 
to make salary reduction contributions to a SIMPLE IRA described in 
Internal Revenue Code section 408(p). Form 5305-SIMPLE is also a model 
SIMPLE IRA agreement, but it is for use with a designated financial 
institutions. Notice 98-4 provides guidance for employers and trustees 
regarding how they can comply with the requirements of Code section 
408(p) in establishing and maintaining a SIMPLE IRA, including 
information regarding the notification and reporting requirements under 
Code section 408.
    Current Actions: There are no changes for the forms at this time. 
We are making this submission to renew the OMB approval. We are making 
this submission for renewal purposes.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations not-
for-profit institutions, and individuals.
    Estimated Number of Respondents: 600,000.
    Estimated Time per Respondent: 3 hours, 31 minutes.
    Estimated Total Annual Burden Hours: 2,113,000.
    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: July 13, 2009.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. E9-17216 Filed 7-20-09; 8:45 am]
BILLING CODE 4830-01-P