82 FR 57327 - Proposed Collection; Comment Request for Forms 5498-QA and1099-QA

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 231 (December 4, 2017)

The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Form 5498-QA, ABLE Account Contribution Information, and Form 1099-QA, Distributions from ABLE Accounts.

[Federal Register Volume 82, Number 231 (Monday, December 4, 2017)]
[Notices]
[Page 57327]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-26005]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Forms 5498-QA and 1099-
QA

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act 
of 1995. The IRS is soliciting comments concerning Form 5498-QA, ABLE 
Account Contribution Information, and Form 1099-QA, Distributions from 
ABLE Accounts.

DATES: Written comments should be received on or before February 2, 
2018 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.

FOR FURTHER INFORMATION CONTACT:  Requests for additional information 
or copies of the form and instructions should be directed to Martha R. 
Brinson, at (202) 317-5753 or at Internal Revenue Service, Room 6526, 
1111 Constitution Avenue NW., Washington, DC 20224, or through the 
Internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: ABLE Account Contribution Information; Distributions from 
ABLE Accounts.
    OMB Number: 1545-2262.
    Form Numbers: 5498-QA; 1099-QA.
    Abstract: Public Law 113-295, ABLE Act of 2014, granted States, 
agencies and/or their instrumentalities the authority to allow for the 
establishment of special accounts that allow individuals and families 
to set aside money for the purpose of supporting individuals with 
disabilities to maintain health, independence, and quality of life, 
without impacting eligibility for other social service financial 
assistance programs such as Medicaid. Form 5498-QA is used to report to 
the beneficiaries the contributions, rollovers, and program to program 
transfers associated with these accounts. Form 1099-QA allows these 
individuals and families to draw from the special account.
    Current Actions: There are no changes being made to the forms at 
this time.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households.

Form 5498-QA

    Estimated Number of Responses: 10,000.
    Estimated Time per Respondent: 11 min.
    Estimated Total Annual Burden Hours: 1,900

Form 1099-QA

    Estimated Number of Responses: 10,000.
    Estimated Time per Respondent: 10 min.
    Estimated Total Annual Burden Hours: 1,700
    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: November 28, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-26005 Filed 12-1-17; 8:45 am]
BILLING CODE 4830-01-P