[Federal Register Volume 78, Number 114 (Thursday, June 13, 2013)]
[Notices]
[Pages 35660-35661]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-14021]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Regulation Project

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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[[Page 35661]]

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 
Roth IRAs.

DATES: Written comments should be received on or before August 12, 2013 
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 
copies of the regulations should be directed to Gerald J. Shields at 
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or at (202) 927-4374, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Roth IRAs.
    OMB Number: 1545-1616.
    Regulation Project Numbers: TD 8816.
    Abstract: This collection of information contains regulations 
relating to Roth IRAs under section 408A of the Internal Revenue Code 
(Code). The regulations provide guidance on establishing Roth IRAs, 
contributions to Roth IRAs, converting amounts to Roth IRAs, 
recharacterizing IRA contributions, Roth IRA distributions and Roth IRA 
reporting requirements. The regulations affect individuals establishing 
Roth IRAs, beneficiaries under Roth IRAs, and trustees, custodians or 
issuers of Roth IRAs.
    Current Actions: There is no change to this existing regulation.
    Type of review: Extension of OMB approval.
    Affected Public: Individuals or households, business or other for-
profit and not-for-profit organizations.
    Estimated Number of Respondents: 3,150,000.
    Estimated Time per Respondent: 1 minute for designating an IRA as a 
Roth IRA. 30 minutes for recharacterizing an IRA contribution.
    Estimated Total Annual Burden Hours: 125,000.
    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: May 29, 2013.
Allan M. Hopkins,
Tax Analyst.
[FR Doc. 2013-14021 Filed 6-12-13; 8:45 am]
BILLING CODE 4830-01-P