80 FR 64507 - Proposed Collection; Comment Request for Forms 5498-QA and 1099-QA

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 205 (October 23, 2015)

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 Form 5498-QA, ABLE Account Contribution Information, and Form 1099-QA, Distributions from ABLE Accounts.

[Federal Register Volume 80, Number 205 (Friday, October 23, 2015)]
[Notices]
[Page 64507]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-26921]



[[Page 64507]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Forms 5498-QA and 1099-
QA

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 
Form 5498-QA, ABLE Account Contribution Information, and Form 1099-QA, 
Distributions from ABLE Accounts.

DATES: Written comments should be received on or before December 22, 
2015 to be assured of consideration.

ADDRESSES: Direct all written comments to Elaine Christophe, 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 Allan 
Hopkins, at Internal Revenue Service, Room 6129, 1111 Constitution 
Avenue NW., Washington, DC 20224, or through the internet, at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: ABLE Account Contribution Information; Distributions from 
ABLE Accounts.
    OMB Number: 1545-2262. Form Numbers: 5498-QA; 1099-QA.
    Abstract: Form 5498-QA, ABLE Account Contributions Information. 
Public Law 113-295, ABLE Act of 2014 allows individuals and families to 
set money aside in this special account for the purpose of supporting 
individuals with disabilities to maintain health, independence, and 
quality of life, without impacting eligibility for other social service 
financial assistance programs such as Medicaid. Form 1099-QA allows 
these individuals and families to draw from the special account.
    Current Actions: There are no changes being made to the forms at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 20,000.
    Estimated Time per Respondent: 11 min.
    Estimated Total Annual Burden Hours: 3,600.
    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 13, 2015.
Elaine Christophe,
IRS Reports Clearance Officer.
[FR Doc. 2015-26921 Filed 10-22-15; 8:45 am]
BILLING CODE 4830-01-P