83 FR 50756 - Proposed Collection; Comment Request on Information Collection for Treasury Decision 9142 (Final)

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 83, Issue 195 (October 9, 2018)

Page Range		50756-50756
FR Document		2018-21769

The Internal Revenue Service, 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 Treasury Decision 9142 (Final), Deemed IRAs In Qualified Retirement Plans.

Federal Register, Volume 83 Issue 195 (Tuesday, October 9, 2018)

[Federal Register Volume 83, Number 195 (Tuesday, October 9, 2018)]
[Notices]
[Page 50756]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-21769]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request on Information Collection 
for Treasury Decision 9142 (Final)

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Internal Revenue Service, 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 Treasury Decision 9142 (Final), Deemed IRAs In 
Qualified Retirement Plans.

DATES: Written comments should be received on or before December 10, 
2018 to be assured of consideration.

ADDRESSES: Direct all written comments to Laurie Brimmer, Internal 
Revenue Service, Room 6529, 1111 Constitution Avenue NW, Washington, DC 
20224. Please send separate comments for each specific information 
collection listed below. You must reference the information 
collection's title, form number, reporting or record-keeping 
requirement number, and OMB number (if any) in your comment.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the collection tools should be directed to Alissa Berry, at 
(901) 707-4988, at Internal Revenue Service, Room 6529, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION: Currently, the IRS is seeking comments 
concerning the following information collection tools, reporting, and 
record-keeping requirements:
    Title: Deemed IRAs In Qualified Retirement Plans (REG-157302-02).
    OMB Number: 1545-1841.
    Treasury Decision Number: 9142.
    Abstract: Section 408(q), added to the Internal Revenue Code by 
section 602 of the Economic Growth and Tax Relief Reconciliation Act of 
2001, provides that separate accounts and annuities may be added to 
qualified employer plans and deemed to be individual retirement 
accounts and individual retirement annuities if certain requirements 
are met. Section 1.408(q)-1(f)(2) provides that these deemed IRAs must 
be held in a trust or annuity contract separate from the trust or 
annuity contract of the qualified employer plan. This collection of 
information is required to ensure that the separate requirements of 
qualified employer plans and IRAs are met.
    Current Actions: There are no changes to the collection at this 
time.
    Type of Review: Extension without change of currently approved 
collection.
    Affected Public: Business or other for-profit organizations.
    Estimated Number of Respondents: 800.
    Estimated Time per Respondent: 50 hours.
    Estimated Total Annual Burden Hours: 40,000.
    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 
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: October 2, 2018.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-21769 Filed 10-5-18; 8:45 am]
 BILLING CODE 4830-01-P

50756 Federal Register / Vol. 83, No. 195 / Tuesday, October 9, 2018 / Notices

[FR Doc. 2018–21846 Filed 10–5–18; 8:45 am] copies of the collection tools should be The following paragraph applies to all
BILLING CODE 4830–01–P directed to Alissa Berry, at (901) 707– of the collections of information covered
4988, at Internal Revenue Service, Room by this notice:
6529, 1111 Constitution Avenue NW, An agency may not conduct or
DEPARTMENT OF THE TREASURY Washington, DC 20224, or through the sponsor, and a person is not required to
internet at Alissa.A.Berry@irs.gov. respond to, a collection of information
Internal Revenue Service
SUPPLEMENTARY INFORMATION: Currently, unless the collection of information
Proposed Collection; Comment the IRS is seeking comments concerning displays a valid OMB control number.
Request on Information Collection for the following information collection Books or records relating to a collection
Treasury Decision 9142 (Final) tools, reporting, and record-keeping of information must be retained as long
requirements: as their contents may become material
AGENCY: Internal Revenue Service (IRS), Title: Deemed IRAs In Qualified in the administration of any internal
Treasury. Retirement Plans (REG–157302–02). revenue law. Generally, tax returns and
ACTION: Notice and request for OMB Number: 1545–1841. tax return information are confidential,
comments. Treasury Decision Number: 9142. as required by 26 U.S.C. 6103.
Abstract: Section 408(q), added to the Request for Comments: Comments
SUMMARY: The Internal Revenue Service,
Internal Revenue Code by section 602 of submitted in response to this notice will
as part of its continuing effort to reduce
the Economic Growth and Tax Relief be summarized and/or included in the
paperwork and respondent burden,
Reconciliation Act of 2001, provides request for OMB approval. All
invites the general public and other
that separate accounts and annuities comments will become a matter of
Federal agencies to take this
may be added to qualified employer public record. Comments are invited on:
opportunity to comment on proposed
plans and deemed to be individual (a) Whether the collection of
and/or continuing information
retirement accounts and individual information is necessary for the proper
collections, as required by the
retirement annuities if certain performance of the functions of the
Paperwork Reduction Act of 1995.
requirements are met. Section 1.408(q)– agency, including whether the
Currently, the IRS is soliciting
1(f)(2) provides that these deemed IRAs information shall have practical utility;
comments concerning Treasury
must be held in a trust or annuity (b) the accuracy of the agency’s estimate
Decision 9142 (Final), Deemed IRAs In
contract separate from the trust or of the burden of the collection of
Qualified Retirement Plans.
annuity contract of the qualified information; (c) ways to enhance the
DATES: Written comments should be
employer plan. This collection of quality, utility, and clarity of the
received on or before December 10, 2018 information is required to ensure that
to be assured of consideration. information to be collected; (d) ways to
the separate requirements of qualified minimize the burden of the collection of
ADDRESSES: Direct all written comments employer plans and IRAs are met. information on respondents, including
to Laurie Brimmer, Internal Revenue Current Actions: There are no changes through the use of automated collection
Service, Room 6529, 1111 Constitution to the collection at this time. techniques or other forms of information
Avenue NW, Washington, DC 20224. Type of Review: Extension without technology; and (e) estimates of capital
Please send separate comments for each change of currently approved collection. or start-up costs and costs of operation,
specific information collection listed Affected Public: Business or other for- maintenance, and purchase of services
below. You must reference the profit organizations. to provide information.
information collection’s title, form Estimated Number of Respondents:
number, reporting or record-keeping 800. Approved: October 2, 2018.
requirement number, and OMB number Estimated Time per Respondent: 50 Laurie Brimmer,
(if any) in your comment. hours. Senior Tax Analyst.
FOR FURTHER INFORMATION CONTACT: Estimated Total Annual Burden [FR Doc. 2018–21769 Filed 10–5–18; 8:45 am]
Requests for additional information or Hours: 40,000. BILLING CODE 4830–01–P
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Document Created: 2018-10-06 00:58:41
Document Modified: 2018-10-06 00:58:41

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 December 10, 2018 to be assured of consideration.
Contact		Requests for additional information or copies of the collection tools should be directed to Alissa Berry, at (901) 707-4988, at Internal Revenue Service, Room 6529, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at [email protected]
FR Citation		83 FR 50756

83 FR 50756 - Proposed Collection; Comment Request on Information Collection for Treasury Decision 9142 (Final)

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 83, Issue 195 (October 9, 2018)

DEPARTMENT OF THE TREASURY
Internal Revenue Service