80 FR 66617 - Proposed Collection; Comment Request for Revenue Procedure

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 209 (October 29, 2015)

Page Range		66617-66617
FR Document		2015-27495

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)). The IRS is soliciting comments concerning information collection requirements related to model amendments and prototype program for simple IRAS.

Federal Register, Volume 80 Issue 209 (Thursday, October 29, 2015)

[Federal Register Volume 80, Number 209 (Thursday, October 29, 2015)]
[Notices]
[Page 66617]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-27495]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Revenue Procedure

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)). The IRS is soliciting comments concerning information 
collection requirements related to model amendments and prototype 
program for simple IRAS.

DATES: Written comments should be received on or before December 28, 
2015 to be assured of consideration.

ADDRESSES: Direct all written comments to Christie Preston, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulations should be directed to LaNita Van Dyke, Room 
6517, 1111 Constitution Avenue NW., Washington, DC 20224, or through 
the internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Model Amendments and Prototype Program for SIMPLE IRAs.
    OMB Number: 1545-1543. Revenue Procedure Number: 97-29.
    Abstract: This revenue procedure (1) provides a model amendment 
that may be used, prior to January 1, 1999, by a sponsor of a prototype 
individual retirement account or annuity (IRA) to establish a SIMPLE 
IRA (an IRA designed to accept contributions under a SIMPLE IRA Plan 
described in Sec.  408(p)) of the Internal Revenue Code; (2) provides 
guidance on obtaining opinion letters to drafters of prototype SIMPLE 
IRAs; (3) provides permissive amendments to sponsors of nonSIMPLE IRAs; 
(4) announces the opening of a program for prototype SIMPLE IRA Plans; 
and (5) provides transitional relief for users of SIMPLE IRAs and 
SIMPLE IRA Plans that have not been approved by the Internal Revenue 
Service.
    Current Actions: There are no changes being made to the revenue 
procedure at this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations, and 
not-for-profit institutions.
    Estimated Number of Respondents: 3,205.
    Estimated Total Annual Reporting Burden hours: 25,870.
    The following paragraph applies to all 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 it displays a valid 
OMB control number. Books or records relating to a collection 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 22, 2015.
Michael Joplin,
IRS Reports Clearance Officer.
[FR Doc. 2015-27495 Filed 10-28-15; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 80, No. 209 / Thursday, October 29, 2015 / Notices 66617

Estimated Number of Respondents: opportunity to comment on proposed number. Books or records relating to a
100. and/or continuing information collection must be retained as long as
Estimated Time Per Respondent: 9 collections, as required by the their contents may become material in
hrs., 46 mins. Paperwork Reduction Act of 1995, the administration of any internal
Estimated Total Annual Burden Public Law 104–13(44 U.S.C. revenue law. Generally, tax returns and
Hours: 976. 3506(c)(2)(A)). The IRS is soliciting tax return information are confidential,
The following paragraph applies to all comments concerning information as required by 26 U.S.C. 6103.
of the collections of information covered collection requirements related to model Request for Comments: Comments
by this notice: amendments and prototype program for
An agency may not conduct or submitted in response to this notice will
simple IRAS. be summarized and/or included in the
sponsor, and a person is not required to DATES: Written comments should be
respond to, a collection of information request for OMB approval. All
received on or before December 28, 2015 comments will become a matter of
unless the collection of information to be assured of consideration.
displays a valid OMB control number. public record. Comments are invited on:
ADDRESSES: Direct all written comments (a) Whether the collection of
Books or records relating to a collection
to Christie Preston, Internal Revenue information is necessary for the proper
of information must be retained as long
Service, Room 6129, 1111 Constitution performance of the functions of the
as their contents may become material
Avenue NW., Washington, DC 20224. agency, including whether the
in the administration of any internal
revenue law. Generally, tax returns and FOR FURTHER INFORMATION CONTACT: information shall have practical utility;
tax return information are confidential, Requests for additional information or (b) the accuracy of the agency’s estimate
as required by 26 U.S.C. 6103. copies of the regulations should be of the burden of the collection of
Request for Comments: Comments directed to LaNita Van Dyke, Room information; (c) ways to enhance the
submitted in response to this notice will 6517, 1111 Constitution Avenue NW., quality, utility, and clarity of the
be summarized and/or included in the Washington, DC 20224, or through the information to be collected; (d) ways to
request for OMB approval. All internet at Lanita.VanDyke@irs.gov. minimize the burden of the collection of
comments will become a matter of SUPPLEMENTARY INFORMATION: information on respondents, including
public record. Comments are invited on: Title: Model Amendments and through the use of automated collection
(a) Whether the collection of Prototype Program for SIMPLE IRAs. techniques or other forms of information
information is necessary for the proper OMB Number: 1545–1543. Revenue technology; and (e) estimates of capital
performance of the functions of the Procedure Number: 97–29. or start-up costs and costs of operation,
agency, including whether the Abstract: This revenue procedure (1) maintenance, and purchase of services
information shall have practical utility; provides a model amendment that may to provide information.
(b) the accuracy of the agency’s estimate be used, prior to January 1, 1999, by a Approved: October 22, 2015.
of the burden of the collection of sponsor of a prototype individual Michael Joplin,
information; (c) ways to enhance the retirement account or annuity (IRA) to
IRS Reports Clearance Officer.
quality, utility, and clarity of the establish a SIMPLE IRA (an IRA
[FR Doc. 2015–27495 Filed 10–28–15; 8:45 am]
information to be collected; (d) ways to designed to accept contributions under
BILLING CODE 4830–01–P
minimize the burden of the collection of a SIMPLE IRA Plan described in
information on respondents, including § 408(p)) of the Internal Revenue Code;
through the use of automated collection (2) provides guidance on obtaining
DEPARTMENT OF THE TREASURY
techniques or other forms of information opinion letters to drafters of prototype
technology; and (e) estimates of capital SIMPLE IRAs; (3) provides permissive Internal Revenue Service
or start-up costs and costs of operation, amendments to sponsors of nonSIMPLE
maintenance, and purchase of services IRAs; (4) announces the opening of a Proposed Collection; Comment
to provide information. program for prototype SIMPLE IRA Request for Revenue Procedure
Plans; and (5) provides transitional 2003–37
Approved: October 19, 2015.
relief for users of SIMPLE IRAs and
Michael A. Joplin, SIMPLE IRA Plans that have not been AGENCY: Internal Revenue Service (IRS),
IRS Reports Clearance Officer. approved by the Internal Revenue Treasury.
[FR Doc. 2015–27491 Filed 10–28–15; 8:45 am] Service.
BILLING CODE 4830–01–P Current Actions: There are no changes Notice and request for
ACTION:
being made to the revenue procedure at comments.
this time.
DEPARTMENT OF THE TREASURY Type of Review: Extension of a SUMMARY: The Department of the
currently approved collection. Treasury, as part of its continuing effort
Internal Revenue Service Affected Public: Business or other for- to reduce paperwork and respondent
profit organizations, and not-for-profit burden, invites the general public and
Proposed Collection; Comment other Federal agencies to take this
institutions.
Request for Revenue Procedure opportunity to comment on proposed
Estimated Number of Respondents:
AGENCY: Internal Revenue Service (IRS), 3,205. and/or continuing information
Estimated Total Annual Reporting collections, as required by the
asabaliauskas on DSK5VPTVN1PROD with NOTICES

Treasury.
ACTION: Notice and request for Burden hours: 25,870. Paperwork Reduction Act of 1995,
comments. The following paragraph applies to all Public Law 104–13 (44 U.S.C.
the collections of information covered 3506(c)(2)(A)). Currently, the IRS is
SUMMARY: The Department of the by this notice: soliciting comments concerning
Treasury, as part of its continuing effort An agency may not conduct or Revenue Procedure 2003–37,
to reduce paperwork and respondent sponsor, and a person is not required to Documentation Provisions for Certain
burden, invites the general public and respond to a collection of information Taxpayers Using the Fair Market Value
other Federal agencies to take this unless it displays a valid OMB control Method.

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Document Created: 2015-12-14 15:21:39
Document Modified: 2015-12-14 15:21:39

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice and request for comments.
Dates		Written comments should be received on or before December 28, 2015 to be assured of consideration.
Contact		Requests for additional information or copies of the regulations should be directed to LaNita Van Dyke, Room 6517, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation		80 FR 66617

80 FR 66617 - Proposed Collection; Comment Request for Revenue Procedure

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 80, Issue 209 (October 29, 2015)

DEPARTMENT OF THE TREASURY
Internal Revenue Service