[Federal Register Volume 79, Number 126 (Tuesday, July 1, 2014)]
[Notices]
[Page 37393]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-15450]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 5305A-SEP

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 
salary reduction simplified employee pension-individual retirement 
accounts contribution agreement.

DATES: Written comments should be received on or before September 2, 
2014 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 form and instructions should be directed to Gerald J. 
Shields, LL.M., Internal Revenue Service, room 6129, 1111 Constitution 
Avenue NW., Washington, DC 20224, or or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Salary Reduction Simplified Employee Pension-Individual 
Retirement Accounts Contribution Agreement.
    OMB Number: 1545-1012.
    Form Number: 5305A-SEP.
    Abstract: Form 5305A-SEP is used by an employer to make an 
agreement to provide benefits to all employees under a Simplified 
Employee Pension (SEP) described in Internal Revenue Code section 
408(k). This form is not to be filed with the IRS, but is to be 
retained in the employer's records as proof of establishing a SEP and 
justifying a deduction for contributions made to the SEP.
    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 and 
individuals.
    Estimated Number of Respondents: 100,000.
    Estimated Time per Respondent: 9 hours, 43 minutes.
    Estimated Total Annual Burden Hours: 972,000.
    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 
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, 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 7, 2011.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014-15450 Filed 6-30-14; 8:45 am]
BILLING CODE 4830-01-P