83 FR 4558 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Multiple IRS Information Collection Requests

DEPARTMENT OF THE TREASURY

Federal Register Volume 83, Issue 21 (January 31, 2018)

The Department of the Treasury will submit the following information collection requests to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on these requests.

[Federal Register Volume 83, Number 21 (Wednesday, January 31, 2018)]
[Notices]
[Page 4558]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-01887]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Multiple IRS Information Collection Requests

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before March 2, 2018 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions for 
reducing the burden, to (1) Office of Information and Regulatory 
Affairs, Office of Management and Budget, Attention: Desk Officer for 
Treasury, New Executive Office Building, Room 10235, Washington, DC 
20503, or email at [email protected] and (2) Treasury PRA 
Clearance Officer, 1750 Pennsylvania Ave. NW, Suite 8142, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Jennifer Quintana by emailing [email protected], calling 
(202) 622-0489, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Internal Revenue Service (IRS)

    Title: TD 9673--Longevity Annuity Contracts.
    OMB Control Number: 1545-2234.
    Type of Review: Extension without change of a currently approved 
collection.
    Abstract: Form 1098-Q implement the reporting requirements under 
previously approved Treasury Decision (TD) 9673. Any person who issues 
a contract purchased or held under any plan, annuity, or account 
described in IRC section 401(a), 433(b) or 408 (other than a Roth IRA) 
or eligible governmental plan under section 457(b) must file Form 1098-
Q. TD 9673 contains previously approved final regulations relating to 
the use of longevity annuity contracts in tax qualified defined 
contribution plans under section 401(a) of the Internal Revenue Code 
(Code), section 403(b) plans, individual retirement annuities and 
accounts (IRAs) under section 408, and eligible governmental plans 
under section 457(b). These regulations will provide the public with 
guidance necessary to comply with the required minimum distribution 
rules under section 401(a)(9) applicable to an IRA or a plan that holds 
a longevity annuity contract. The regulations will affect individuals 
for whom a longevity annuity contract is purchased under these plans 
and IRAs (and their beneficiaries), sponsors and administrators of 
these plans, trustees and custodians of these plans and IRAs, and 
insurance companies that issue longevity annuity contracts under these 
plans and IRAs.
    Form: 1098-Q.
    Affected Public: Individuals or Households.
    Estimated Total Annual Burden Hours: 28,529.
    Title: REG-132455-11--Reporting of Minimum Essential Coverage (TD 
9660--final).
    OMB Control Number: 1545-2252.
    Type of Review: This document contains regulations relating to an 
information reporting requirement enacted by the Patient Protection and 
Affordable Care Act, Public Law 111-148, and Health Care and Education 
Reconciliation Act, Public Law 111-152. These regulations are necessary 
to impose the reporting requirement under section 1502 of the 
Affordable Care Act (section 6055 of the Internal Revenue Code) on 
health insurance issuers, employer-sponsored self-insured plans and 
government-sponsored programs that provide minimum essential coverage.
    Forms: 1094-B, 1095-B.
    Affected Public: Businesses or other for-profits.
    Estimated Total Annual Burden Hours: 2,088,333.

    Authority:  44 U.S.C. 3501 et seq.

    Dated: January 26, 2018.
Jennifer P. Quintana,
Treasury PRA Clearance Officer.
[FR Doc. 2018-01887 Filed 1-30-18; 8:45 am]
 BILLING CODE 4830-01-P