[Federal Register Volume 61, Number 178 (Thursday, September 12, 1996)]
[Notices]
[Page 48206]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-22515]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 5305-SEP
Editorial Note: Federal Register Document 96-22515 was
inadvertently printed with the wrong text at page 46679 in the issue
of Wednesday, September 4, 1996. The correct document is printed
below.
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
Form 5305-SEP, Simplified Employee Pension-Individual Retirement
Accounts Contribution Agreement.
DATES: Written comments should be received on or before November 12,
1996 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 form and
instructions should be directed to Martha R. Brinson, (202) 622-3869,
Internal Revenue Service, room 5571, 1111 Constitution Avenue NW.,
Washington, DC 20224.
SUPPLEMENTARY INFORMATION:
Title: Simplified Employee Pension--Individual Retirement Accounts
Contribution Agreement.
OMB Number: 1545-0499.
Form Number: Form 5305-SEP.
Abstract: Form 5305-SEP is used by an employer to make an agreement
to provide benefits to all employees under a Simplified Employee
Pension (SEP) described in Internal Revenue Code section 408(k). This
form is not to be filed with the IRS but is to be retained in the
employer's records as proof of establishing a SEP and justifying a
deduction for contributions to the SEP.
Current Actions: There are no changes being made to this form.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations.
Estimated Number of Respondents: 100,000.
Estimated Time Per Respondent: 53 min.
Estimated Total Annual Burden Hours: 88,000.
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: August 28, 1996.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 96-22515 Filed 9-3-96; 8:45 am]
BILLING CODE 1505-01-M
