[Federal Register Volume 62, Number 111 (Tuesday, June 10, 1997)]
[Notices]
[Pages 31665-31666]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-15157]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
[EE-175-86]
Proposed Collection; Comment Request For Regulation Project
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Department of the Treasury, 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, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)).
Currently, the IRS is soliciting comments concerning an existing
final regulation, EE-175-86 (TD 8357), Certain Cash or Deferred
Arrangements and Employee and Matching Contributions Under Employee
Plans (Secs. 1.401(k)-1, 1.401(m)-1, and 54.4979-1).
DATES: Written comments should be received on or before August 11, 1997
to be assured of consideration.
ADDRESSES: Direct all written comments to Garrick R. Shear, Internal
Revenue Service, room 5571, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the information collection should be directed to Carol
Savage, (202) 622-3945, Internal Revenue Service, room 5569, 1111
Constitution Avenue NW., Washington, DC 20224.
SUPPLEMENTARY INFORMATION:
Title: Certain Cash or Deferred Arrangements and Employee and
Matching Contributions Under Employee Plans.
OMB Number: 1545-1069.
Regulation Project Number: EE-175-86.
Abstract: This regulation provides the public with the guidance
needed to
[[Page 31666]]
comply with sections 401(k), 401(m), and 4979 of the Internal Revenue
Code. The regulation affects sponsors of plans that contain cash or
deferred arrangements or employee or matching contributions, and
employees who are entitled to make elections under these plans.
Current Actions: There is no change to this existing regulation.
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.
Estimated Number of Respondents: 355,500.
Estimated Time Per Respondent: 3 hours.
Estimated Total Annual Burden Hours: 1,060,000.
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: June 4, 1997.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 97-15157 Filed 6-9-97; 8:45 am]
BILLING CODE 4830-01-U
