[Federal Register Volume 88, Number 211 (Thursday, November 2, 2023)]
[Notices]
[Pages 75372-75373]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-24158]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Requesting Comments Form 5307

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 Form 5307, Application for Determination for Adopters of 
Modified Nonstandardized Pre-Approved Plans.

DATES: Written comments should be received on or before January 2, 2024 
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. 
1545-0200 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].
    The IRS is currently seeking comments concerning the following 
information collection tools, reporting, and record-keeping 
requirements:
    Title: Application for Determination for Adopters of Modified 
Nonstandardized Pre-Approved Plans.
    OMB Number: 1545-0200.
    Form Number: Form 5307.
    Abstract: An adopting employer of a nonstandardized pre-approved 
plan that has made modifications to the terms of the pre-approved plan 
that are not extensive, or an adopting employer of any pre-approved 
plan (either standardized or nonstandardized) that amends its pre-
approved plan solely to add language to satisfy the requirements of 
Internal Revenue Code (IRC) sections 415 and 416 due to the required 
aggregation of plans, use Form 5307 to request a determination letter 
from the IRS. The IRS uses the information to determine if the adopted 
plan is qualified under IRC sections 401(a) and 501(a). The form may 
not be used to

[[Page 75373]]

request a determination letter for a multiple employer plan.
    Current Actions: There are changes to the existing collection. The 
form was revised to eliminate features of the determination letter 
program that are of limited utility to plan sponsors in comparison with 
the burdens they impose. The form was also revised to enable electronic 
submission on Pay.gov.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Responses: 100,000.
    Estimated Time per Respondent: 31 hours, 29 minutes.
    Estimated Total Annual Burden Hours: 3,151,000.
    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: October 27, 2023.
Jon R. Callahan,
Senior Tax Analyst.
[FR Doc. 2023-24158 Filed 11-1-23; 8:45 am]
BILLING CODE 4830-01-P