2024-02574. Proposed Collection; Comment Request Relating to Pre-Approved Plans Program

AGENCY:

Internal Revenue Service (IRS), Treasury.

ACTION:

Notice and request for comments.

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 continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning pre-approved plans program.

DATES:

Written comments should be received on or before April 8, 2024 to be assured of consideration.

ADDRESSES:

Direct all written comments to Andres Garcia, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or by email to [e-mail]. Include OMB control number 1545–1674 or Pre-Approved Plans Program.

FOR FURTHER INFORMATION CONTACT:

Requests for additional information or copies of the revenue procedures should be directed to Kerry Dennis at (202) 317–5751, or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet, at [e-mail].

SUPPLEMENTARY INFORMATION:

Title: Pre-Approved Plans Program.

OMB Number: 1545–1674.

Revenue Procedure: 2023–37

Abstract: Revenue Procedure 2023–37, and its successors, set forth the procedures of the IRS for issuing opinion letters confirming that the form of a provider's plan satisfies the qualification requirements under the Internal Revenue Code. The OMB approval for 1545–1674 is only covering the third-party disclosures and recordkeeping requirements.

Current Actions: There are no changes being made to the revenue procedure or burden at this time.

Type of Review: Extension of a currently approved collection.

Affected Public: Business or other for-profit organizations, not-for-profit institutions, farms, and state, local, or tribal governments.

Revenue Procedure 2023–07, Section 9.02(8) and 9.06(6)

Estimated Number of Respondents: 350,356.

Estimated Time per Response: 1 hour.

Estimated Annual Burden Hours: 350,356 hours.

Revenue Procedure 2023–07, Sections 6.04, 13.01 and 23

Estimated Number of Respondents: 1,556.

Estimated Time per Response: 160 hours.

Estimated Annual Burden Hours: 248,960 hours.

Total Burden Estimates

Estimated Total Respondents: 351,912.

Estimated Total Annual Burden Hours: 599,316 hours.

The following paragraph applies to all 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 if 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: February 5, 2024.

Kerry L. Dennis,

Tax Analyst.