80 FR 70882 - Proposed Collection; Comment Request for Form 5304-SIMPLE, Form 5305-SIMPLE, and Notice 98-4
DEPARTMENT OF THE TREASURY
Internal Revenue Service Federal Register Volume 80, Issue 220 (November 16, 2015)
Internal Revenue Service
Federal Register Volume 80, Issue 220 (November 16, 2015)
| Page Range | 70882-70883 | |
| FR Document | 2015-28903 |
[Federal Register Volume 80, Number 220 (Monday, November 16, 2015)] [Notices] [Pages 70882-70883] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2015-28903] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; 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 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 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 January 15, 2016 to be assured of consideration. ADDRESSES: Direct all written comments to Michael Joplin, Internal Revenue Service, room 6129, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the forms, instructions, and notice should be directed to Sara Covington, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at Sara.L.Covington@irs.gov. SUPPLEMENTARY INFORMATION: 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 Number: 1545-1502. Form Number: Form 5304-SIMPLE, Form 5305-SIMPLE, and Notice 98-4. Abstract: Form 5304-SIMPLE is a model SIMPLE IRA agreement that was created to be used by an employer to permit employees who are not using a designated financial institution to make salary reduction contributions to a SIMPLE IRA described in Internal Revenue Code section 408(p). Form 5305-SIMPLE is also a model SIMPLE IRA agreement, but it is for use with a designated financial institutions. 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 IRA, including information regarding the notification and reporting requirements under Code section 408. Current Actions: There are no changes for 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 Respondents: 600,000. Estimated Time Per Respondent: 3 hours, 31 minutes. Estimated Total Annual Burden Hours: 2,113,000. 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. [[Page 70883]] 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: November 6, 2015. Michael Joplin, IRS Supervisory Tax Analyst. [FR Doc. 2015-28903 Filed 11-13-15; 8:45 am] BILLING CODE 4830-01-P
![70882 Federal Register / Vol. 80, No. 220 / Monday, November 16, 2015 / Notices
and/or continuing information request for OMB approval. All FOR FURTHER INFORMATION CONTACT:
collections, as required by the comments will become a matter of Requests for additional information or
Paperwork Reduction Act of 1995, public record. Comments are invited on: copies of the forms, instructions, and
Public Law 104–13(44 U.S.C. (a) Whether the collection of notice should be directed to Sara
3506(c)(2)(A)). Currently, the IRS is information is necessary for the proper Covington, Internal Revenue Service,
soliciting comments concerning Form performance of the functions of the Room 6129, 1111 Constitution Avenue
8611, Recapture of Low-Income Housing agency, including whether the NW., Washington, DC 20224, or through
Credit. information shall have practical utility; the internet at Sara.L.Covington@irs.gov.
DATES: Written comments should be (b) the accuracy of the agency’s estimate SUPPLEMENTARY INFORMATION:
received on or before January 15, 2016 of the burden of the collection of Title: Form 5304–SIMPLE, Savings
to be assured of consideration. information; (c) ways to enhance the Incentive Match Plan for Employees of
ADDRESSES: Direct all written comments
quality, utility, and clarity of the Small Employers (SIMPLE)—Not for
to Michael Joplin, Internal Revenue information to be collected; (d) ways to Use With a Designated Financial
minimize the burden of the collection of Institution, Form 5305–SIMPLE;
Service, room 6129, 1111 Constitution
information on respondents, including Savings Incentive Match Plan for
Avenue NW., Washington, DC 20224.
through the use of automated collection Employees of Small Employers
FOR FURTHER INFORMATION CONTACT: techniques or other forms of information
Requests for additional information or (SIMPLE)—for Use With a Designated
technology; and (e) estimates of capital Financial Institution; SIMPLE IRA Plan
copies of the form and instructions or start-up costs and costs of operation,
should be directed to Sara Covington at Guidance (Notice 98–4).
maintenance, and purchase of services OMB Number: 1545–1502.
Internal Revenue Service, room 6129, to provide information. Form Number: Form 5304–SIMPLE,
1111 Constitution Avenue NW., Form 5305–SIMPLE, and Notice 98–4.
Washington, DC 20224, or through the Approved: November 2, 2015.
Michael Joplin, Abstract: Form 5304–SIMPLE is a
internet at Sara.L.Covington@irs.gov. model SIMPLE IRA agreement that was
SUPPLEMENTARY INFORMATION:
Supervisory Tax Analyst.
created to be used by an employer to
Title: Recapture of Low-Income [FR Doc. 2015–28916 Filed 11–13–15; 8:45 am]
permit employees who are not using a
Housing Credit. BILLING CODE 4830–01–P
designated financial institution to make
OMB Number: 1545–1035. salary reduction contributions to a
Form Number: 8611. SIMPLE IRA described in Internal
Abstract: IRC section 42 permits DEPARTMENT OF THE TREASURY
Revenue Code section 408(p). Form
owners of residential rental projects 5305–SIMPLE is also a model SIMPLE
Internal Revenue Service
providing low-income housing to claim IRA agreement, but it is for use with a
a credit against their income tax. If the Proposed Collection; Comment designated financial institutions. Notice
property is disposed of or if it fails to Request for Form 5304–SIMPLE, Form 98–4 provides guidance for employers
meet certain requirements over a 15- 5305–SIMPLE, and Notice 98–4 and trustees regarding how they can
year compliance period and a bond is comply with the requirements of Code
not posted, the owner must recapture on AGENCY: Internal Revenue Service (IRS),
section 408(p) in establishing and
Form 8611 part of the credits taken in Treasury.
maintaining a SIMPLE IRA, including
prior years. ACTION: Notice and request for
information regarding the notification
Current Actions: There are no changes comments. and reporting requirements under Code
being made to the form at this time. section 408.
Type of Review: Extension of a SUMMARY: The Department of the
Treasury, as part of its continuing effort Current Actions: There are no changes
currently approved collection. for the forms at this time.
Affected Public: Business or other for- to reduce paperwork and respondent
burden, invites the general public and Type of Review: Extension of a
profit organizations and individuals. currently approved collection.
Estimated Number of Respondents: other Federal agencies to take this
opportunity to comment on proposed Affected Public: Business or other for-
1,000. profit organizations not-for-profit
Estimated Time Per Respondent: 7 and/or continuing information
collections, as required by the institutions, and individuals.
hours, 50 minutes. Estimated Number of Respondents:
Estimated Total Annual Burden Paperwork Reduction Act of 1995,
600,000.
Hours: 7,842. Public Law 104–13 (44 U.S.C. Estimated Time Per Respondent: 3
The following paragraph applies to all 3506(c)(2)(A)). Currently, the IRS is hours, 31 minutes.
of the collections of information covered soliciting comments concerning Form Estimated Total Annual Burden
by this notice: 5304–SIMPLE, Savings Incentive Match Hours: 2,113,000.
An agency may not conduct or Plan for Employees of Small Employers The following paragraph applies to all
sponsor, and a person is not required to (SIMPLE)—Not for Use With a of the collections of information covered
respond to, a collection of information Designated Financial Institution; Form by this notice:
unless the collection of information 5305–SIMPLE, Savings Incentive Match An agency may not conduct or
displays a valid OMB control number. Plan for Employees of Small Employers sponsor, and a person is not required to
Books or records relating to a collection (SIMPLE)—for Use With a Designated respond to, a collection of information
of information must be retained as long Financial Institution; Notice 98–4, unless the collection of information
as their contents may become material Simple IRA Plan Guidance. displays a valid OMB control number.
tkelley on DSK3SPTVN1PROD with NOTICES
in the administration of any internal DATES: Written comments should be Books or records relating to a collection
revenue law. Generally, tax returns and received on or before January 15, 2016 of information must be retained as long
tax return information are confidential, to be assured of consideration. as their contents may become material
as required by 26 U.S.C. 6103. ADDRESSES: Direct all written comments in the administration of any internal
Request For Comments: Comments to Michael Joplin, Internal Revenue revenue law. Generally, tax returns and
submitted in response to this notice will Service, room 6129, 1111 Constitution tax return information are confidential,
be summarized and/or included in the Avenue NW., Washington, DC 20224. as required by 26 U.S.C. 6103.
VerDate Sep<11>2014 19:47 Nov 13, 2015 Jkt 238001 PO 00000 Frm 00136 Fmt 4703 Sfmt 4703 E:\FR\FM\16NON1.SGM 16NON1](https://thefederalregister.org/doc/80_FR_71102/page/1.svg)
![Federal Register / Vol. 80, No. 220 / Monday, November 16, 2015 / Notices 70883
Request For Comments: Comments should be directed to Sara Covington at technology; and (e) estimates of capital
submitted in response to this notice will Internal Revenue Service, room 6129, or start-up costs and costs of operation,
be summarized and/or included in the 1111 Constitution Avenue NW., maintenance, and purchase of services
request for OMB approval. All Washington, DC 20224, or through the to provide information.
comments will become a matter of internet at Sara.L.Covington@irs.gov. Approved: October 28, 2015.
public record. SUPPLEMENTARY INFORMATION: Michael A. Joplin,
Comments are invited on: (a) Whether Title: Gains and Losses From Section IRS Supervisory Tax Analyst.
the collection of information is 1256 Contracts and Straddles. [FR Doc. 2015–28907 Filed 11–13–15; 8:45 am]
necessary for the proper performance of OMB Number: 1545–0644. BILLING CODE 4830–01–P
the functions of the agency, including Form Number: Form 6781.
whether the information shall have Abstract: Form 6781 is used by
practical utility; (b) the accuracy of the taxpayers in computing their gains and DEPARTMENT OF THE TREASURY
agency’s estimate of the burden of the losses on Internal Revenue Code section
collection of information; (c) ways to 1256 contracts under the marked-to- Internal Revenue Service
enhance the quality, utility, and clarity market rules and gains and losses under
of the information to be collected; (d) Code section 1092 from straddle Proposed Collection; Comment
ways to minimize the burden of the positions. The data is used to verify that Request for Schedule C–EZ (Form
collection of information on the tax reported accurately reflects any 1040)
respondents, including through the use such gains and losses. AGENCY: Internal Revenue Service (IRS),
of automated collection techniques or Current Actions: There is no change Treasury.
other forms of information technology; in the paperwork burden previously ACTION: Notice and request for
and (e) estimates of capital or start-up approved by OMB. This form is being
costs and costs of operation, comments.
submitted for renewal purposes only.
maintenance, and purchase of services Type of Review: Extension of a SUMMARY: The Department of the
to provide information. currently approved collection. Treasury, as part of its continuing effort
Approved: November 6, 2015. Affected Public: Business or other for- to reduce paperwork and respondent
Michael Joplin, profit organizations and individuals. burden, invites the general public and
IRS Supervisory Tax Analyst. Estimated Number of Respondents: other Federal agencies to take this
[FR Doc. 2015–28903 Filed 11–13–15; 8:45 am]
100,000. opportunity to comment on proposed
Estimated Time per Respondent: 9 and/or continuing information
BILLING CODE 4830–01–P
hours, 2 minutes. collections, as required by the
Estimated Total Annual Burden Paperwork Reduction Act of 1995,
DEPARTMENT OF THE TREASURY Hours: 903,237. Public Law 104–13 (44 U.S.C.
The following paragraph applies to all 3506(c)(2)(A)). Currently, the IRS is
Internal Revenue Service of the collections of information covered soliciting comments concerning
by this notice: Schedule C–EZ (Form 1040), Net Profit
Proposed Collection; Comment An agency may not conduct or From Business.
Request for Form 6781 sponsor, and a person is not required to DATES: Written comments should be
respond to, a collection of information received on or before January 15, 2016
AGENCY: Internal Revenue Service (IRS),
unless the collection of information to be assured of consideration.
Treasury.
displays a valid OMB control number. ADDRESSES: Direct all written comments
ACTION: Notice and request for Books or records relating to a collection to Michael Joplin, Internal Revenue
comments. of information must be retained as long Service, room 6129, 1111 Constitution
SUMMARY: The Department of the as their contents may become material Avenue NW., Washington, DC 20224.
Treasury, as part of its continuing effort in the administration of any internal FOR FURTHER INFORMATION CONTACT:
to reduce paperwork and respondent revenue law. Generally, tax returns and Requests for additional information or
burden, invites the general public and tax return information are confidential, copies of the form and instructions
other Federal agencies to take this as required by 26 U.S.C. 6103. should be directed to Sara Covington, at
opportunity to comment on proposed Request for Comments: Comments Internal Revenue Service, room 6129,
and/or continuing information submitted in response to this notice will 1111 Constitution Avenue NW.,
collections, as required by the be summarized and/or included in the Washington, DC 20224, or through the
Paperwork Reduction Act of 1995, request for OMB approval. All internet at Sara.L.Covington@irs.gov.
Public Law 104–13(44 U.S.C. comments will become a matter of SUPPLEMENTARY INFORMATION:
3506(c)(2)(A)). Currently, the IRS is public record. Comments are invited on: Title: Net Profit From Business (Sole
soliciting comments concerning Form (a) Whether the collection of Proprietorship).
6781, Gains and Losses From Section information is necessary for the proper OMB Number: 1545–1973.
1256 Contracts and Straddles. performance of the functions of the Form Number: Schedule C–EZ (Form
agency, including whether the 1040).
DATES: Written comments should be
information shall have practical utility; Abstract: Schedule C–EZ (Form 1040)
received on or before January 15, 2016 (b) the accuracy of the agency’s estimate is used by individuals to report their
to be assured of consideration. of the burden of the collection of Business Income. The data is used to
ADDRESSES: Direct all written comments
tkelley on DSK3SPTVN1PROD with NOTICES
information; (c) ways to enhance the verify that the items reported on the
to Michael A. Joplin, Internal Revenue quality, utility, and clarity of the form are correct and also for general
Service, room 6129, 1111 Constitution information to be collected; (d) ways to statistical use.
Avenue NW., Washington, DC 20224. minimize the burden of the collection of Current Actions: There is no change
FOR FURTHER INFORMATION CONTACT: information on respondents, including in the paperwork burden previously
Requests for additional information or through the use of automated collection approved by OMB. This form is being
copies of the form and instructions techniques or other forms of information submitted for renewal purposes only.
VerDate Sep<11>2014 19:47 Nov 13, 2015 Jkt 238001 PO 00000 Frm 00137 Fmt 4703 Sfmt 4703 E:\FR\FM\16NON1.SGM 16NON1](https://thefederalregister.org/doc/80_FR_71102/page/2.svg)
Document Created: 2015-12-14 14:12:48
Document Modified: 2015-12-14 14:12:48
| 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 January 15, 2016 to be assured of consideration. | |
| Contact | Requests for additional information or copies of the forms, instructions, and notice should be directed to Sara Covington, Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected] | |
| FR Citation | 80 FR 70882 |
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