82 FR 40230 - Proposed Collection; Comment Request for Revenue Procedure 2017-41 (Modifying Rev. Proc. 2015-36) Master and Prototype and Volume Submitter Plans (Previously Rev. Proc. 2011-49 & 2005-16)
DEPARTMENT OF THE TREASURY
Internal Revenue Service Federal Register Volume 82, Issue 163 (August 24, 2017)
Internal Revenue Service
Federal Register Volume 82, Issue 163 (August 24, 2017)
| Page Range | 40230-40230 | |
| FR Document | 2017-17898 |
[Federal Register Volume 82, Number 163 (Thursday, August 24, 2017)] [Notices] [Page 40230] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-17898] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Revenue Procedure 2017- 41 (Modifying Rev. Proc. 2015-36) Master and Prototype and Volume Submitter Plans (Previously Rev. Proc. 2011-49 & 2005-16) AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: Notice of information collection; request for comments. ----------------------------------------------------------------------- SUMMARY: The Internal Revenue Service (IRS), in accordance with the Paperwork Reduction Act of 1995 (PRA 95), provides the general public and Federal agencies with an opportunity to comment on continuing collections of information. This helps the IRS assess the impact of its information collection requirements and minimize the reporting burden on the public and helps the public understand the IRS's information collection requirements and provide the requested data in the desired format. The IRS is soliciting comments concerning the restructure of the current revenue procedure approach for issuing Opinion Letters regarding the qualification in form of Pre-approved Plans. DATES: Written comments should be received on or before October 23, 2017 to be assured of consideration. ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224. Requests for additional information or copies of the regulation should be directed to Taquesha Cain, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]. SUPPLEMENTARY INFORMATION: Title: Master and Prototype and Volume Submitter Plans. OMB Number: 1545-1674. Revenue Procedure Number: Revenue Procedure 2017-41 (modifying Rev. Proc. 2015-36) (previously Rev. Proc. 2011-49 & 2005-16). Abstract: This revenue procedure modifies Rev. Proc. 2015-36 and sets forth the procedures for the merger of the master and prototype (M&P) program with the volume submitter (VS) plan. This revenue procedure requires employers adopting pre-approved plans to complete and sign new signature pages or new adoption agreements, as applicable, in order to restate their plans for recent changes in the law. This revenue procedure require sponsors of pre-approved plans to furnish copies of their plans to the Service's Employee Plans Determinations office, maintain records of employers that have adopted their plans, prepare and communicate any necessary interim amendments to adopting employers, make reasonable and diligent efforts to ensure that employers restate their plans when necessary, and notify employers if the sponsor concludes that employers' plans are no longer qualified. provides that mass submitters must keep records of their user fees. This allows mass submitters to certify to the number of other practitioners seeking approval of the identical pre-approved plan. In addition mass submitters must prepare and communicate any necessary interim amendments to the word for word identical adopters. Current Actions: There is no change in the paperwork burden previously approved by OMB. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households, business or other for- profit organizations, not-for-profit institutions, farms, and state, local, or tribal governments. Estimated Number of Respondents: 321,500. Estimated Time per Respondent: 3 hour, 27 minutes. Estimated Total Annual Burden Hours: 1,108,225. 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: August 9, 2017. L. Brimmer, Senior Tax Analyst. [FR Doc. 2017-17898 Filed 8-23-17; 8:45 am] BILLING CODE 4830-01-P
![40230 Federal Register / Vol. 82, No. 163 / Thursday, August 24, 2017 / Notices
Affected Public: Individuals or ACTION: Notice of information collection; of their user fees. This allows mass
households, business or other for-profit request for comments. submitters to certify to the number of
organizations. other practitioners seeking approval of
Estimated Number of Respondents: SUMMARY: The Internal Revenue Service the identical pre-approved plan. In
1,000. (IRS), in accordance with the Paperwork addition mass submitters must prepare
Estimated Time per Respondent: 7 Reduction Act of 1995 (PRA 95), and communicate any necessary interim
hour, 3 minutes. provides the general public and Federal amendments to the word for word
Estimated Total Annual Burden agencies with an opportunity to identical adopters.
Hours: 7,050. comment on continuing collections of Current Actions: There is no change
The following paragraph applies to all information. This helps the IRS assess in the paperwork burden previously
of the collections of information covered the impact of its information collection approved by OMB.
by this notice: requirements and minimize the Type of Review: Extension of a
An agency may not conduct or reporting burden on the public and currently approved collection.
sponsor, and a person is not required to helps the public understand the IRS’s Affected Public: Individuals or
respond to, a collection of information information collection requirements and households, business or other for-profit
unless the collection of information provide the requested data in the organizations, not-for-profit institutions,
displays a valid OMB control number. desired format. The IRS is soliciting farms, and state, local, or tribal
Books or records relating to a collection comments concerning the restructure of governments.
of information must be retained as long the current revenue procedure approach Estimated Number of Respondents:
as their contents may become material for issuing Opinion Letters regarding the 321,500.
in the administration of any internal qualification in form of Pre-approved Estimated Time per Respondent: 3
revenue law. Generally, tax returns and Plans. hour, 27 minutes.
tax return information are confidential, DATES: Written comments should be Estimated Total Annual Burden
as required by 26 U.S.C. 6103. received on or before October 23, 2017 Hours: 1,108,225.
Request for Comments: Comments The following paragraph applies to all
to be assured of consideration.
submitted in response to this notice will of the collections of information covered
ADDRESSES: Direct all written comments
be summarized and/or included in the by this notice:
request for OMB approval. All to L. Brimmer, Internal Revenue An agency may not conduct or
comments will become a matter of Service, Room 6526, 1111 Constitution sponsor, and a person is not required to
public record. Avenue NW., Washington, DC 20224. respond to, a collection of information
Comments are invited on: (a) Whether Requests for additional information or unless the collection of information
the collection of information is copies of the regulation should be displays a valid OMB control number.
necessary for the proper performance of directed to Taquesha Cain, Room 6526, Books or records relating to a collection
the functions of the agency, including 1111 Constitution Avenue NW., of information must be retained as long
whether the information shall have Washington, DC 20224, or through the as their contents may become material
practical utility; (b) the accuracy of the internet at Taquesha.R.Cain@irs.gov. in the administration of any internal
agency’s estimate of the burden of the SUPPLEMENTARY INFORMATION: revenue law. Generally, tax returns and
collection of information; (c) ways to Title: Master and Prototype and tax return information are confidential,
enhance the quality, utility, and clarity Volume Submitter Plans. as required by 26 U.S.C. 6103.
of the information to be collected; (d) OMB Number: 1545–1674. Request for Comments: Comments
ways to minimize the burden of the Revenue Procedure Number: Revenue submitted in response to this notice will
collection of information on Procedure 2017–41 (modifying Rev. be summarized and/or included in the
respondents, including through the use Proc. 2015–36) (previously Rev. Proc. request for OMB approval. All
of automated collection techniques or 2011–49 & 2005–16). comments will become a matter of
other forms of information technology; Abstract: This revenue procedure public record. Comments are invited on:
and (e) estimates of capital or start-up modifies Rev. Proc. 2015–36 and sets (a) Whether the collection of
costs and costs of operation, forth the procedures for the merger of information is necessary for the proper
maintenance, and purchase of services the master and prototype (M&P) performance of the functions of the
to provide information. program with the volume submitter (VS) agency, including whether the
plan. This revenue procedure requires information shall have practical utility;
Approved: August 17, 2017. employers adopting pre-approved plans
L. Brimmer,
(b) the accuracy of the agency’s estimate
to complete and sign new signature of the burden of the collection of
Senior Tax Analyst. pages or new adoption agreements, as information; (c) ways to enhance the
[FR Doc. 2017–17896 Filed 8–23–17; 8:45 am] applicable, in order to restate their plans quality, utility, and clarity of the
BILLING CODE 4830–01–P for recent changes in the law. This information to be collected; (d) ways to
revenue procedure require sponsors of minimize the burden of the collection of
pre-approved plans to furnish copies of information on respondents, including
DEPARTMENT OF THE TREASURY their plans to the Service’s Employee through the use of automated collection
Plans Determinations office, maintain techniques or other forms of information
Internal Revenue Service records of employers that have adopted technology; and (e) estimates of capital
their plans, prepare and communicate or start-up costs and costs of operation,
Proposed Collection; Comment
any necessary interim amendments to maintenance, and purchase of services
rmajette on DSKBCKNHB2PROD with NOTICES
Request for Revenue Procedure 2017–
adopting employers, make reasonable to provide information.
41 (Modifying Rev. Proc. 2015–36)
and diligent efforts to ensure that
Master and Prototype and Volume Approved: August 9, 2017.
employers restate their plans when
Submitter Plans (Previously Rev. Proc. L. Brimmer,
necessary, and notify employers if the
2011–49 & 2005–16) Senior Tax Analyst.
sponsor concludes that employers’
AGENCY: Internal Revenue Service (IRS), plans are no longer qualified. provides [FR Doc. 2017–17898 Filed 8–23–17; 8:45 am]
Treasury. that mass submitters must keep records BILLING CODE 4830–01–P
VerDate Sep<11>2014 15:29 Aug 23, 2017 Jkt 241001 PO 00000 Frm 00101 Fmt 4703 Sfmt 9990 E:\FR\FM\24AUN1.SGM 24AUN1](https://thefederalregister.org/doc/82_FR_40393/page/1.svg)
Document Created: 2018-10-24 12:38:06
Document Modified: 2018-10-24 12:38:06
| 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 of information collection; request for comments. | |
| Dates | Written comments should be received on or before October 23, 2017 to be assured of consideration. | |
| FR Citation | 82 FR 40230 |
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