[Federal Register Volume 88, Number 173 (Friday, September 8, 2023)]
[Notices]
[Pages 62147-62148]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-19352]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Requesting Comments on TD 9923, Guidance 
Under Section 529A: Qualified ABLE Programs

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service, 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. The IRS is soliciting comments 
concerning Treasury Regulation section 1.529A-2 in Treasury Decision 
(TD) 9923 relating to qualified ABLE programs.

DATES: Written comments should be received on or before November 7, 
2023 to be assured of consideration.

ADDRESSES: Direct all written comments to Andres Garcia, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224, or by email to [email protected]. Include OMB Control No. 
1545-2293 in the subject line of the message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this collection should be directed to Jon Callahan, (737) 
800-7639, at Internal Revenue Service, Room 6526, 1111 Constitution 
Avenue NW, Washington, DC 20224, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: The IRS is currently seeking comments 
concerning the following information collection tools, reporting, and 
record-keeping requirements:
    Title: Guidance under Section 529A: Qualified ABLE Programs.
    OMB Number: 1545-2293.
    Regulatory Number: TD 9923.
    Abstract: The Stephen Beck, Jr., Achieving a Better Life Experience 
(ABLE) Act of 2014, as part of The Tax Increase Prevention Act of 2014 
(Pub. L. 113-295), added Internal Revenue Code (IRC) section 529A. IRC 
section 529A provides rules under which States or State agencies or 
instrumentalities may establish and maintain a new type of tax-favored 
savings program through which contributions may be made to the account 
of an eligible disabled individual to meet qualified disability 
expenses. These accounts also receive favorable treatment for purposes 
of certain means-tested Federal programs. Treasury Regulations section 
1.529A-2 provides guidance about the requirements applicable to 
qualified ABLE programs and individuals seeking to establish ABLE 
accounts under such programs.
    Current Actions: There is no change to the existing collection.
    Type of Review: Extension of a currently approved collection.
    Affected Public: States, and Individuals or households.
    Estimated Number of Responses: 28,987.
    Estimated Time per Respondent: 22 minutes.
    Estimated Total Annual Burden Hours: 10,729.
    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

[[Page 62148]]

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: September 1, 2023.
Jon R. Callahan,
Senior Tax Analyst.
[FR Doc. 2023-19352 Filed 9-7-23; 8:45 am]
BILLING CODE 4830-01-P