[Federal Register Volume 75, Number 193 (Wednesday, October 6, 2010)]
[Notices]
[Pages 61840-61841]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-25045]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 5300 and Schedule Q 
(Form 5300)

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 5300, Application for Determination for Employee Benefit Plan, and 
Schedule Q (Form 5300), Elective Determination Requests.

DATES: Written comments should be received on or before December 6, 
2010 to be assured of consideration.

ADDRESSES: Direct all written comments to Gerald Shields, 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 and instructions should be directed to Joel 
Goldberger, at (202) 927-9368, or at Internal Revenue Service, room 
6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or through 
the Internet, at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Application for Determination for Employee Benefit Plan 
(Form 5300), and Elective Determination Requests (Schedule Q (Form 
5300)).
    OMB Number: 1545-0197.
    Form Number: Form 5300 and Schedule Q (Form 5300).
    Abstract: Internal Revenue Code sections 401(a) and 501(a) set out 
requirements for qualification of employee benefit trusts and the tax 
exempt status of these trusts. Form 5300 is used to request a 
determination letter from the IRS for the qualification of a defined 
benefit or a defined contribution plan and the exempt status of any 
related trust. The information requested on Schedule Q (Form 5300) 
relates to the manner in which the plan satisfies certain qualification 
requirements concerning minimum participation, coverage, and 
nondiscrimination.
    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: Business or other for-profit organizations and 
individuals.
    Estimated Number of Respondents: 185,000.
    Estimated Time per Respondent: 43 hours, 6 minutes.
    Estimated Total Annual Burden Hours: 7,972,750.
    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

[[Page 61841]]

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: September 29, 2010.
Alan Hopkins,
IRS Tax Analyst.
[FR Doc. 2010-25045 Filed 10-5-10; 8:45 am]
BILLING CODE 4830-01-P