82 FR 17090 - Proposed Collection; Comment Request for Modified Endowment Contract Correction Program Extension.

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 66 (April 7, 2017)

Page Range		17090-17091
FR Document		2017-06921

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. Currently, the IRS is soliciting comments concerning Modified Endowment Contract Correction Program Extension.

Federal Register, Volume 82 Issue 66 (Friday, April 7, 2017)

[Federal Register Volume 82, Number 66 (Friday, April 7, 2017)]
[Notices]
[Pages 17090-17091]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-06921]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Modified Endowment 
Contract Correction Program Extension.

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.

[[Page 17091]]

Currently, the IRS is soliciting comments concerning Modified Endowment 
Contract Correction Program Extension.

DATES: Written comments should be received on or before June 6, 2017 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Laurie Brimmer, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, 
DC 20224. Requests for additional information or copies of the revenue 
procedure should be directed to LaNita VanDyke, Internal Revenue 
Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224 
or through the Internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Modified Endowment Contract Correction Program Contract 
Correction Program Extension.
    OMB Number: 1545-1752.
    Revenue Procedure Number: 2008-38, 2008-39, 2008-40, 2008-41 and 
2008-42.
    Abstract: Revenue Procedure 2001-42 allows issuers of life 
insurance contracts whose contracts have failed to meet the tests 
provided in section 7702A of the Internal Revenue Code to cure these 
contracts that have inadvertently become modified endowment contracts. 
The revenue procedure has been updated by various other revenue 
procedures, such as RP 2008-38, RP 2008-39, RP 2008-40, RP 2008-41, and 
RP 2008-42, which have since been published.
    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.
    Estimated Number of Respondents: 70.
    Estimated Average Time per Respondent: 85 hours.
    Estimated Total Annual Reporting Hours: 5,950.
    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: March 27, 2017.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-06921 Filed 4-6-17; 8:45 am]
 BILLING CODE 4830-01-P

17090 Federal Register / Vol. 82, No. 66 / Friday, April 7, 2017 / Notices

technology; and (e) estimates of capital DEPARTMENT OF THE TREASURY The following paragraph applies to all
or start-up costs and costs of operation, of the collections of information covered
maintenance, and purchase of services Internal Revenue Service by this notice:
to provide information. An agency may not conduct or
Proposed Collection; Comment sponsor, and a person is not required to
Approved: March 29, 2017. Request for Application for respond to, a collection of information
Laurie Brimmer, Determination for Employee Benefit unless the collection of information
IRS Senior Tax Analyst. Plans displays a valid OMB control number.
[FR Doc. 2017–06916 Filed 4–6–17; 8:45 am]
AGENCY: Internal Revenue Service (IRS), Books or records relating to a collection
BILLING CODE 4830–01–P Treasury. of information must be retained as long
as their contents may become material
ACTION: Notice and request for in the administration of any internal
comments. revenue law. Generally, tax returns and
DEPARTMENT OF THE TREASURY
SUMMARY: The Department of the tax return information are confidential,
Internal Revenue Service Treasury, as part of its continuing effort as required by 26 U.S.C. 6103.
Request for Comments: Comments
to reduce paperwork and respondent
Open Meeting of the Taxpayer submitted in response to this notice will
burden, invites the general public and
Advocacy Panel Joint Committee be summarized and/or included in the
other Federal agencies to take this
request for OMB approval. All
opportunity to comment on proposed
AGENCY: Internal Revenue Service (IRS), comments will become a matter of
and/or continuing information
Treasury. public record. Comments are invited on:
collections, as required by the
(a) Whether the collection of
ACTION: Notice of meeting. Paperwork Reduction Act of 1995.
information is necessary for the proper
Currently, the IRS is soliciting
performance of the functions of the
SUMMARY: An open meeting of the comments concerning Form 5300,
agency, including whether the
Taxpayer Advocacy Panel Joint Application for Determination for
information shall have practical utility;
Committee will be conducted. The Employee Benefit Plans.
(b) the accuracy of the agency’s estimate
Taxpayer Advocacy Panel is soliciting DATES: Written comments should be of the burden of the collection of
public comments, ideas, and received on or before June 6, 2017 to be information; (c) ways to enhance the
suggestions on improving customer assured of consideration. quality, utility, and clarity of the
service at the Internal Revenue Service. ADDRESSES: Direct all written comments information to be collected; (d) ways to
The meeting will be held
DATES:
to Laurie Brimmer, Internal Revenue minimize the burden of the collection of
Service, Room 6526, 1111 Constitution information on respondents, including
Wednesday, April 26, 2017.
Avenue NW., Washington, DC 20224. through the use of automated collection
FOR FURTHER INFORMATION CONTACT: Requests for additional information or techniques or other forms of information
Gretchen Swayzer at 1–888–912–1227 copies of the forms and instructions technology; and (e) estimates of capital
or 469–801–0769. should be directed to LaNita Van Dyke or start-up costs and costs of operation,
at Internal Revenue Service, Room 6526, maintenance, and purchase of services
SUPPLEMENTARY INFORMATION: Notice is 1111 Constitution Avenue NW., to provide information.
hereby given pursuant to Section Washington, DC 20224 or through the
10(a)(2) of the Federal Advisory Approved: March 27, 2017.
internet at LanitaVanDyke@irs.gov. Laurie Brimmer,
Committee Act, 5 U.S.C. App. (1988)
SUPPLEMENTARY INFORMATION: IRS Senior Tax Analyst.
that an open meeting of the Taxpayer
Title: Application for Determination [FR Doc. 2017–06919 Filed 4–6–17; 8:45 am]
Advocacy Panel Joint Committee will be for Employee Benefit Plan (Form 5300).
held Wednesday, April 26, 2017, at 1:00 OMB Number: 1545–0197.
BILLING CODE 4830–01–P
p.m. Eastern Time via teleconference. Form Number: Form 5300.
The public is invited to make oral Abstract: Internal Revenue Code
comments or submit written statements DEPARTMENT OF THE TREASURY
sections 401(a) and 501(a) set out
for consideration. For more information requirements for qualification of Internal Revenue Service
please contact: Gretchen Swayzer at 1– employee benefit trusts and the tax
888–912–1227 or 469–801–0769, TAP exempt status of these trusts. Form 5300 Proposed Collection; Comment
Office, 4050 Alpha Rd., Farmers Branch, is used to request a determination letter Request for Modified Endowment
TX 75244, or contact us at the Web site: from the IRS for the qualification of a Contract Correction Program
http://www.improveirs.org. defined benefit or a defined Extension.
The agenda will include various contribution plan and the exempt status AGENCY: Internal Revenue Service (IRS),
committee issues for submission to the of any related trust. Treasury.
IRS and other TAP related topics. Public Current Actions: There are revisions
ACTION: Notice and request for
input is welcomed. being made to the form at this time.
comments.
Type of Review: Revision of a
Dated: April 3, 2017. currently approved collection. SUMMARY: The Department of the
Kevin Brown, Affected Public: Business or other for- Treasury, as part of its continuing effort
nlaroche on DSK30NT082PROD with NOTICES

Acting Director, Taxpayer Advocacy Panel. profit organizations and individuals. to reduce paperwork and respondent
[FR Doc. 2017–06918 Filed 4–6–17; 8:45 am] Estimated Number of Respondents: burden, invites the general public and
BILLING CODE 4830–01–P 85,000. other Federal agencies to take this
Estimated Time per Respondent: opportunity to comment on proposed
84.72 hours. and/or continuing information
Estimated Total Annual Burden collections, as required by the
Hours: 7,201,200. Paperwork Reduction Act of 1995.

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Federal Register / Vol. 82, No. 66 / Friday, April 7, 2017 / Notices 17091

Currently, the IRS is soliciting Request for Comments: Comments Requests for copies of the form and
comments concerning Modified submitted in response to this notice will instructions should be directed to Sara
Endowment Contract Correction be summarized and/or included in the Covington, at Internal Revenue Service,
Program Extension. request for OMB approval. All Room 6526, 1111 Constitution Avenue
DATES: Written comments should be comments will become a matter of NW., Washington, DC 20224, or through
received on or before June 6, 2017 to be public record. Comments are invited on: the internet at Sara.L.Covington@irs.gov.
assured of consideration. (a) Whether the collection of SUPPLEMENTARY INFORMATION:
ADDRESSES: Direct all written comments information is necessary for the proper Title: Application for Determination
to Laurie Brimmer, Internal Revenue performance of the functions of the for Adopters of Master or Prototype or
Service, Room 6526, 1111 Constitution agency, including whether the Volume Submitter Plans.
Avenue NW., Washington, DC 20224. information shall have practical utility; OMB Number: 1545–0200.
Requests for additional information or (b) the accuracy of the agency’s estimate Form Number: 5307.
copies of the revenue procedure should of the burden of the collection of Abstract: Employers whose pension
be directed to LaNita VanDyke, Internal information; (c) ways to enhance the plans meet the requirements of Internal
Revenue Service, Room 6526, 1111 quality, utility, and clarity of the Revenue Code section 401(a) are
Constitution Avenue NW., Washington, information to be collected; (d) ways to permitted a deduction for their
DC 20224 or through the Internet at minimize the burden of the collection of contributions to these plans. To have a
Lanita.VanDyke@irs.gov. information on respondents, including plan qualified under Code section
through the use of automated collection 401(a), the employer must submit an
SUPPLEMENTARY INFORMATION:
techniques or other forms of information application to the IRS as required by
Title: Modified Endowment Contract
technology; and (e) estimates of capital regulation § 1.401–1(b)(2). Form 5307 is
Correction Program Contract Correction
or start-up costs and costs of operation, used as an application for this purpose
Program Extension.
maintenance, and purchase of services by adopters of master or prototype or
OMB Number: 1545–1752.
Revenue Procedure Number: 2008–38, to provide information. volume submitter plans.
2008–39, 2008–40, 2008–41 and 2008– Current Actions: There are no changes
42. Approved: March 27, 2017. being made to the form at this time.
Abstract: Revenue Procedure 2001–42 Laurie Brimmer, Type of Review: Extension of a
allows issuers of life insurance contracts Senior Tax Analyst. currently approved collection.
whose contracts have failed to meet the [FR Doc. 2017–06921 Filed 4–6–17; 8:45 am] Affected Public: Business or other for-
tests provided in section 7702A of the BILLING CODE 4830–01–P
profit organizations.
Internal Revenue Code to cure these Estimated Number of Respondents:
contracts that have inadvertently 100,000.
become modified endowment contracts. DEPARTMENT OF THE TREASURY Estimated Time per Respondent:
The revenue procedure has been 51.39 hours.
updated by various other revenue Internal Revenue Service Estimated Total Annual Burden
procedures, such as RP 2008–38, RP Hours: 5,139,000.
2008–39, RP 2008–40, RP 2008–41, and Proposed Collection; Comment The following paragraph applies to all
RP 2008–42, which have since been Request for Application for of the collections of information covered
published. Determination for Adopters of Master by this notice:
Current Actions: There are no changes or Prototype or Volume Submitter An agency may not conduct or
being made to the revenue procedure at Plans sponsor, and a person is not required to
this time. respond to, a collection of information
AGENCY: Internal Revenue Service (IRS),
Type of Review: Extension of a unless the collection of information
Treasury.
currently approved collection. displays a valid OMB control number.
ACTION: Notice and request for Books or records relating to a collection
Affected Public: Business or other for-
profit organizations. comments. of information must be retained as long
Estimated Number of Respondents: as their contents may become material
SUMMARY: The Department of the
70. in the administration of any internal
Treasury, as part of its continuing effort
Estimated Average Time per revenue law. Generally, tax returns and
to reduce paperwork and respondent
Respondent: 85 hours. tax return information are confidential,
burden, invites the general public and
Estimated Total Annual Reporting as required by 26 U.S.C. 6103.
other Federal agencies to take this
Hours: 5,950. Request for Comments: Comments
opportunity to comment on proposed
The following paragraph applies to all submitted in response to this notice will
and/or continuing information
of the collections of information covered be summarized and/or included in the
collections, as required by the
by this notice: request for OMB approval. All
Paperwork Reduction Act of 1995.
An agency may not conduct or comments will become a matter of
Currently, the IRS is soliciting
sponsor, and a person is not required to public record. Comments are invited on:
comments concerning Form 5307,
respond to, a collection of information (a) Whether the collection of
Application for Determination for
unless the collection of information information is necessary for the proper
Adopters of Master or Prototype or
displays a valid OMB control number. performance of the functions of the
Volume Submitter Plans.
Books or records relating to a agency, including whether the
nlaroche on DSK30NT082PROD with NOTICES

collection of information must be DATES: Written comments should be information shall have practical utility;
retained as long as their contents may received on or before June 6, 2017 to be (b) the accuracy of the agency’s estimate
become material in the administration assured of consideration. of the burden of the collection of
of any internal revenue law. Generally, ADDRESSES: Direct all written comments information; (c) ways to enhance the
tax returns and tax return information to Laurie Brimmer, Internal Revenue quality, utility, and clarity of the
are confidential, as required by 26 Service, Room 6526, 1111 Constitution information to be collected; (d) ways to
U.S.C. 6103. Avenue NW., Washington, DC 20224. minimize the burden of the collection of

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Document Created: 2017-04-06 23:49:44
Document Modified: 2017-04-06 23:49:44

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 June 6, 2017 to be assured of consideration.
FR Citation		82 FR 17090

82 FR 17090 - Proposed Collection; Comment Request for Modified Endowment Contract Correction Program Extension.

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 66 (April 7, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service