94-3168. Public Information Collection Requirements Submitted to OMB for Review

[Federal Register Volume 59, Number 28 (Thursday, February 10, 1994)]
[Unknown Section]
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From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 94-3168]


[[Page Unknown]]

[Federal Register: February 10, 1994]


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DEPARTMENT OF THE TREASURY
 

Public Information Collection Requirements Submitted to OMB for 
Review

February 4, 1994.
    The Department of the Treasury has made revisions and resubmitted 
the following public information collection requirement(s) to OMB for 
review and clearance under the Paperwork Reduction Act of 1980, Public 
Law 96-511. Copies of the submission(s) may be obtained by calling the 
Treasury Bureau Clearance Officer listed. Comments regarding this 
information collection should be addressed to the OMB reviewer listed 
and to the Treasury Department Clearance Officer, Department of the 
Treasury, room 3171, Treasury Annex, 1500 Pennsylvania Avenue NW., 
Washington, DC 20220.

Internal Revenue Service

OMB Number: 1545-0499.
Form Number: IRS Form 5305-SEP.
Type of Review: Resubmission.
Title: Simplified Employee Pension--Individual Retirement Accounts 
Contribution Agreement.
Description: This form is used by an employer to make an agreement to 
provide benefits to all employees under a Simplified Employee Pension 
(SEP) described in section 408(k). This form is not to be filed with 
the IRS but to be retained in the employer's records as proof of 
establishing a SEP and justifying a deduction for contributions in the 
SEP. The data is used to verify the deduction.
Respondents: Businesses or other for-profit.
Estimated Number of Respondents/Recordkeepers: 100,000.
Estimated Burden Hours Per Respondent/Recordkeeper:
    Recordkeeping--7 minutes
    Learning about the law or the form--26 minutes
    Preparing the form--20 minutes
Frequency of Response: On occasion.
Estimated Total Reporting/Recordkeeping Burden: 88,000 hours.
Clearance Officer: Garrick Shear [phone], Internal Revenue 
Service, room 5571, 1111 Constitution Avenue NW., Washington, DC 20224.
OMB Reviewer: Milo Sunderhauf [phone], Office of Management and 
Budget, room 3001, New Executive Office Building, Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 94-3168 Filed 2-9-94; 8:45 am]
BILLING CODE 4830-01-P