97-24961. Submission to OMB for Review; Comment Request

[Federal Register Volume 62, Number 182 (Friday, September 19, 1997)]
[Notices]
[Pages 49295-49296]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 97-24961]


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DEPARTMENT OF THE TREASURY


Submission to OMB for Review; Comment Request

September 15, 1997.
    The Department of Treasury has submitted the following public 
information collection requirement(s) to OMB for review and clearance 
under the Paperwork Reduction Act of 1995, Public Law 104-13. Copies of 
the submission(s) may be obtained by

[[Page 49296]]

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 2110, 1425 New York Avenue, NW., 
Washington, DC 20220.

Internal Revenue Service (IRS)

    OMB Number: 1545-0203.
    Form Number: IRS Form 5329.
    Type of Review: Revision.
    Title: Additional Taxes Attributable to Qualified Retirement Plans 
(Including IRAs), Annuities, Modified Endowment Contracts, and MSAs.
    Description: This form is used to compute and collect taxes related 
to distribution from individual retirement arrangements (IRAs) and 
other qualified plans. These taxes are for excess contributions to an 
IRA, premature distributions from an IRA and other qualified retirement 
plans, excess accumulations in an IRA and excess distributions from 
qualified retirement plans. The data is used to help verify that the 
correct amount of tax has been paid.
    Respondents: Individuals or households.
    Estimated Number of Respondents/Recordkeepers: 1,000,000.
    Estimated Burden Hours Per Respondent/Recordkeeper: 

Recordkeeping--40 minutes
Learning about the law or the form--22 minutes
Preparing the form--35 minutes
Copying, assembling, and sending the form to the IRS--35 minutes

    Frequency of Response: On occasion.
    Estimated Total Reporting/Recordkeeping Burden: 2,190,000 hours.
    Clearance Officer: Garrick Shear [phone], Internal Revenue 
Service, Room 5571, 1111 Constitution Avenue, NW, Washington, DC 20224.
    OMB Reviewer: Alexander T. Hunt [phone], Office of 
Management and Budget, Room 10226, New Executive Office Building, 
Washington, DC 20503.
Lois K. Holland,
Departmental Reports Management Officer.
[FR Doc. 97-24961 Filed 9-18-97; 8:45 am]
BILLING CODE 4830-01-U