SUPPLEMENTARY INFORMATION:

The IRS, in accordance with the Paperwork Reduction Act of 1995 (PRA) (44 U.S.C. 3506(c)(2)(A)), provides the general public and Federal agencies with an opportunity to comment on proposed, revised, and continuing collections of information. This helps the IRS assess the impact and minimize the burden of its information collection requirements. 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, and viewable on relevant websites. For this reason, please do not include in your comments information of a confidential nature, such as sensitive personal information. 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 ( printed page 69312) 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.

Title: Individual Retirement Account Compliance Resolution System.

OMB Control Number: 1545-NEW.

Form Number: 15443, 15745, 15745-A, 15745-B, 15745-C.

Regulation Project Number: Revenue Procedure 2026-33.

Abstract: This revenue procedure establishes the IRA Compliance Resolution System (ICRS), a new correction program for individual retirement accounts and annuities (IRAs). The program permits IRA custodians and IRA owners to correct certain eligible inadvertent failures that occur due to custodian errors or inadvertent errors by a service provider. ICRS also transitions requests for waivers of the 60-day rollover requirement from private letter ruling requests under Rev. Proc. 2026-4 to requests for waivers under ICRS.

Form 15443 is used by an IRA custodian or owner to apply for the Individual Retirement Account/Annuity (IRA) Voluntary Correction Program (IVCP) or to request a pre-submission conference to discuss a potential IVCP submission.

Form 15745 is used by IVCP applicants to describe the eligible inadvertent failures the applicant wishes to correct under IVCP and the proposed methods of correction. If applicable, applicants that are IRA custodians also describe proposed procedures to locate lost IRA owners or beneficiaries and proposed revisions to administrative procedures.

Form 15745-A is used by IVCP applicants to identify required minimum distribution failures, to describe proposed methods of correction, and request relief related to those failures. If applicable, applicants that are IRA custodians also describe changes to administrative procedures.

Form 15745-B is used by IVCP applicants to identify nonspouse beneficiary distribution or rollover failures and IRA establishment failures and to describe proposed methods of correction and request relief related to those failures. If applicable, applicants that are IRA custodians also describe changes to administrative procedures.

Form 15745-C is used by IVCP applicants to identify 60-day rollover failures and to describe proposed methods of correction and request relief related to those failures.

Current Actions: This is a new information collection.

Type of Review: New collection of information.

Affected Public: Business or other for-profit organizations.

Estimated Number of Responses: 30,750.

Estimated Time per Response: 1 hour, 16 minutes.

Estimated Total Annual Burden Hours: 38,909.

91 FR 69311