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)

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.

[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]


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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.

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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