[Federal Register Volume 88, Number 49 (Tuesday, March 14, 2023)]
[Notices]
[Page 15854]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-05115]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Return of Excise Taxes Related to Employee 
Benefit Plans and Application for Automatic Extension of Time To File 
an Exempt Organization Return

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act 
of 1995. The IRS is soliciting comments concerning the Return of Excise 
Taxes Related to Employee Benefit Plans and Application for Automatic 
Extension of Time to File an Exempt Organization Return.

DATES: Comments should be received on or before April 13, 2023 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function. Copies of 
the submissions may be obtained from Melody Braswell by emailing 
[email protected], calling (202) 622-1035, or viewing the entire 
information collection request at www.reginfo.gov.

SUPPLEMENTARY INFORMATION: 

Internal Revenue Service (IRS)

    Title: Return of Excise Taxes Related to Employee Benefit Plans and 
Application for Automatic Extension of Time to File an Exempt 
Organization Return.
    OMB Control Number: 1545-0575.
    Form Number: 5330 and 8868.
    Abstract: Internal Revenue Code sections 4965, 4971, 4972, 
4973(a)(3), 4975, 4976, 4977, 4978, 4979, 4979A, 4980 and 4980F impose 
various excise taxes in connection with employee benefit plans. Form 
5330 is used to compute and collect these taxes.
    Current Actions: The Form 8868 will be revised to allow extensions 
for Form 5330--Return of Excise Taxes Related to Employee Benefit 
Plans. Form 8868 will only allow for the extension to file, and will 
not extend the payment of the excise tax.
    The Form 8868 burden attributed to pension plans will be captured 
under OMB Control Number 1545-0575.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for profit organizations, 
individuals and households, not-for profit institutions, and farms.
    Estimated Number of Respondents: 26,460.
    Estimated Number of Responses per Respondent: 1.
    Estimated Number of Annual Responses: 26,460.
    Estimated Total Annual Burden Hours: 1,255,149.
    Authority: 44 U.S.C. 3501 et seq.

Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-05115 Filed 3-13-23; 8:45 am]
BILLING CODE 4830-01-P