[Federal Register Volume 76, Number 122 (Friday, June 24, 2011)]
[Notices]
[Pages 37194-37195]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-15762]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 1099-R.

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 1099-R, Distributions From Pensions, Annuities, Retirement or 
Profit-Sharing Plans, IRAs, Insurance Contracts, etc.

DATES: Written comments should be received on or before August 23, 2011 
to be assured of consideration.

ADDRESSES: Direct all written comments to, Yvette B. Lawrence, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or

[[Page 37195]]

copies of the form 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 the 
Internet, [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Distributions From Pensions, Annuities, Retirement or 
Profit-Sharing Plans, IRAs, Insurance Contracts, etc.
    OMB Number: 1545-0119.
    Form Number: 1099-R.
    Abstract: Form 1099-R is used to report distributions from 
pensions, annuities, profit-sharing or retirement plans, IRAs, and the 
surrender of insurance contracts. This information is used by the IRS 
to verify that income has been properly reported by the recipient.
    Current Actions: There is a change in the current Form 1099-R from 
the Form 1099-R previously approved by the OMB, in that there are two 
new lines; number 10: Amount allocable to IRR within 5 years; number 
11; First year of designated Roth contributions. Accordingly, there is 
an increase in the paperwork burden previously approved by OMB. We are 
requesting an increase in the burden hours of 1,870,454.
    Type of Review: This is a revision of a currently approved 
collection.
    Affected Public: Businesses or other for-profit organizations, not 
for-profit institutions, and Federal, state, local or tribal 
governments.
    Estimated Number of Responses: 62,348,484.
    Estimated Time per Response: 19.8 min.
    Estimated Total Annual Burden Hours: 20,575,000.
    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: June 20, 2011.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2011-15762 Filed 6-23-11; 8:45 am]
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