[Federal Register Volume 90, Number 121 (Thursday, June 26, 2025)]
[Notices]
[Page 27391]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-11843]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Agency Collection Activities; Requesting Comments Comment Request 
for Form 5304-SIMPLE, Form 5305-SIMPLE, and Notice 98-4.

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

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 5304-SIMPLE, Savings Incentive Match Plan for Employees 
of Small Employers (SIMPLE)--Not for Use With a Designated Financial 
Institution; Form 5305-SIMPLE, Savings Incentive Match Plan for 
Employees of Small Employers (SIMPLE)--for Use With a Designated 
Financial Institution; Notice 98-4, Simple IRA Plan Guidance.

DATES: Written comments should be received on or before August 25, 2025 
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. 
1545-1502 in the subject line of the message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this collection should be directed to Marcus McCrary, (470) 
769-2001, 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: Form 5304-SIMPLE, Savings Incentive Match Plan for Employees 
of Small Employers (SIMPLE)--Not for Use With a Designated Financial 
Institution, Form 5305-SIMPLE; Savings Incentive Match Plan for 
Employees of Small Employers (SIMPLE)--for Use With a Designated 
Financial Institution; SIMPLE IRA Plan Guidance(Notice 98-4).OMB 
Control Number: 1545-1502.
    Form Number: Form 5304-SIMPLE, Form 5305-SIMPLE, and Notice 98-4.
    Abstract: Forms 5304-SIMPLE and 5035-SIMPLE are used by an employer 
to permit employees to make salary reduction contributions to a savings 
incentive match plan (SIMPLE IRA) described in Code section 408(p). 
These forms are not to be filed with IRS, but to be retained in the 
employers' records as proof of establishing such a plan, thereby 
justifying a deduction for contributions made to the SIMPLE IRA. The 
data is used to verify the deduction. Notice 98-4 provides guidance for 
employers and trustees regarding how they can comply with the 
requirements of Code section 408(p) in establishing and maintaining a 
SIMPLE Plan.
    Current Actions: There are no changes to the forms at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations not-
for-profit institutions, and individuals.
    Estimated Number of Responses: 600,000.
    Estimated Time per Respondent: 3 hours, 13 minutes.
    Estimated Total Annual Burden Hours: 1,932,000.
    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: June 24, 2025.
Marcus W. McCrary,
Tax Analyst.
[FR Doc. 2025-11843 Filed 6-25-25; 8:45 am]
BILLING CODE 4830-01-P