82 FR 17091 - Proposed Collection; Comment Request for Application for Determination for Adopters of Master or Prototype or Volume Submitter Plans

DEPARTMENT OF THE TREASURY
Internal Revenue Service

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

Page Range		17091-17092
FR Document		2017-06922

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 Form 5307, Application for Determination for Adopters of Master or Prototype or Volume Submitter Plans.

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

[Federal Register Volume 82, Number 66 (Friday, April 7, 2017)]
[Notices]
[Pages 17091-17092]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-06922]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Application for 
Determination for Adopters of Master or Prototype or Volume Submitter 
Plans

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. Currently, the IRS is soliciting 
comments concerning Form 5307, Application for Determination for 
Adopters of Master or Prototype or Volume Submitter Plans.

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 copies of the form and instructions should be directed 
to Sara Covington, at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW., Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION:
    Title: Application for Determination for Adopters of Master or 
Prototype or Volume Submitter Plans.
    OMB Number: 1545-0200.
    Form Number: 5307.
    Abstract: Employers whose pension plans meet the requirements of 
Internal Revenue Code section 401(a) are permitted a deduction for 
their contributions to these plans. To have a plan qualified under Code 
section 401(a), the employer must submit an application to the IRS as 
required by regulation Sec.  1.401-1(b)(2). Form 5307 is used as an 
application for this purpose by adopters of master or prototype or 
volume submitter plans.
    Current Actions: There are no changes being made to the form at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 100,000.
    Estimated Time per Respondent: 51.39 hours.
    Estimated Total Annual Burden Hours: 5,139,000.
    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

[[Page 17092]]

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 29, 2017.
Laurie Brimmer,
IRS Senior Tax Analyst.
[FR Doc. 2017-06922 Filed 4-6-17; 8:45 am]
 BILLING CODE 4830-01-P

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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17092 Federal Register / Vol. 82, No. 66 / Friday, April 7, 2017 / Notices

information on respondents, including of their general business credit, which is Approved: March 26, 2017.
through the use of automated collection an aggregation of their investment Laurie Brimmer,
techniques or other forms of information credit, work opportunity credit, welfare- Senior Tax Analyst.
technology; and (e) estimates of capital to-work credit, alcohol fuel credit, [FR Doc. 2017–06924 Filed 4–6–17; 8:45 am]
or start-up costs and costs of operation, research credit, low-income housing BILLING CODE 4830–01–P
maintenance, and purchase of services credit, disabled access credit, enhanced
to provide information. oil recovery credit, etc. Form 3800 is
Approved: March 29, 2017. used to figure the correct credit. DEPARTMENT OF THE TREASURY
Laurie Brimmer, Current Actions: We have made no
changes to Form 3800 at this time. Internal Revenue Service
IRS Senior Tax Analyst.
Type of Review: Extension of a
[FR Doc. 2017–06922 Filed 4–6–17; 8:45 am] Art Advisory Panel—Notice of closed
currently approved collection.
BILLING CODE 4830–01–P
Affected Public: Business or other for- meeting
profit organizations, farms and AGENCY: Internal Revenue Service,
individuals. Treasury
DEPARTMENT OF THE TREASURY
Estimated Number of Respondents:
ACTION: Notice of closed meeting of Art
Internal Revenue Service 250,000.
Advisory Panel.
Estimated Time per Respondent:
Proposed Collection; Comment 33.38 hours. SUMMARY: Closed meeting of the Art
Request for the General Business Estimated Total Annual Burden Advisory Panel will be held in New
Credit Hours: 8,345,500. York, NY.
The following paragraph applies to all
AGENCY: Internal Revenue Service (IRS), DATES: The meeting will be held April
of the collections of information covered
Treasury. 20, 2017.
by this notice:
ACTION: Notice and request for An agency may not conduct or ADDRESSES: The closed meeting of the
comments. sponsor, and a person is not required to Art Advisory Panel will be held at 290
respond to, a collection of information Broadway, New York, NY 10007.
SUMMARY: The Department of the FOR FURTHER INFORMATION CONTACT:
unless the collection of information
Treasury, as part of its continuing effort Maricarmen Cuello, AP: SEPR:AAS, 51
displays a valid OMB control number.
to reduce paperwork and respondent SW 1st Avenue, Room 1014, Miami, FL
Books or records relating to a collection
burden, invites the general public and 33130. Telephone (305) 982–5364 (not a
of information must be retained as long
other Federal agencies to take this toll free number).
as their contents may become material
opportunity to comment on proposed
in the administration of any internal SUPPLEMENTARY INFORMATION: Notice is
and/or continuing information
revenue law. Generally, tax returns and hereby given pursuant to section
collections, as required by the
tax return information are confidential, 10(a)(2) of the Federal Advisory
Paperwork Reduction Act of 1995.
as required by 26 U.S.C. 6103. Committee Act, 5 U.S.C. App., that a
Currently, the IRS is soliciting
Request for Comments: Comments closed meeting of the Art Advisory
comments concerning Form 3800,
submitted in response to this notice will Panel will be held at 290 Broadway,
General Business Credit.
be summarized and/or included in the New York, NY 10007.
DATES: Written comments should be request for OMB approval. All The agenda will consist of the review
received on or before June 6, 2017 to be comments will become a matter of and evaluation of the acceptability of
assured of consideration. public record. Comments are invited on: fair market value appraisals of works of
ADDRESSES: Direct all written comments (a) Whether the collection of art involved in Federal income, estate,
to Laurie Brimmer, Internal Revenue information is necessary for the proper or gift tax returns. This will involve the
Service, Room 6526, 1111 Constitution performance of the functions of the discussion of material in individual tax
Avenue NW., Washington, DC 20224. agency, including whether the returns made confidential by the
Requests for additional information or information shall have practical utility; provisions of 26 U.S.C. 6103.
copies of the form and instructions (b) the accuracy of the agency’s estimate A determination as required by
should be directed to LaNita Van Dyke, of the burden of the collection of section 10(d) of the Federal Advisory
at Internal Revenue Service, Room 6526, information; (c) ways to enhance the Committee Act has been made that this
1111 Constitution Avenue NW., quality, utility, and clarity of the meeting is concerned with matters listed
Washington, DC 20224, or through the information to be collected; (d) ways to in sections 552b(c)(3), (4), (6), and (7),
internet, at Lanita.VanDyke@irs.gov. minimize the burden of the collection of of the Government in the Sunshine Act,
SUPPLEMENTARY INFORMATION: information on respondents, including and that the meeting will not be open
Title: General Business Credit. through the use of automated collection to the public.
OMB Number: 1545–0895. techniques or other forms of information
Form Number: Form 3800. technology; and (e) estimates of capital Donna Hansberry,
Abstract: Internal Revenue Code or start-up costs and costs of operation, Chief, Appeals.
section 38 permits taxpayers to reduce maintenance, and purchase of services [FR Doc. 2017–06925 Filed 4–6–17; 8:45 am]
their income tax liability by the amount to provide information. BILLING CODE 4830–01–P
nlaroche on DSK30NT082PROD with NOTICES

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Document Created: 2017-04-06 23:49:48
Document Modified: 2017-04-06 23:49:48

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 June 6, 2017 to be assured of consideration.
FR Citation		82 FR 17091

82 FR 17091 - Proposed Collection; Comment Request for Application for Determination for Adopters of Master or Prototype or Volume Submitter Plans

DEPARTMENT OF THE TREASURYInternal Revenue Service

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

DEPARTMENT OF THE TREASURY
Internal Revenue Service