[Federal Register Volume 86, Number 3 (Wednesday, January 6, 2021)]
[Notices]
[Page 704]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-29304]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Internal Revenue Service Request for the 
Annual Return/Report of Employee Benefit Plan

AGENCY: Departmental Offices, Department of the Treasury.

ACTION: Notice.

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SUMMARY: The Department of the Treasury will submit the following 
information collection requests to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, on or after the date of publication of this 
notice. The public is invited to submit comments on these requests.

DATES: Comments should be received on or before February 5, 2021 to be 
assured of consideration.

ADDRESSES: Written comments and recommendations for the proposed 
information collection should be sent within 30 days of publication of 
this notice to www.reginfo.gov/public/do/PRAMain. Find this particular 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.

FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be 
obtained from Molly Stasko by emailing <a href="/cdn-cgi/l/email-protection#38686a79784c4a5d594b4d4a41165f574e"><span class="__cf_email__" data-cfemail="4212100302363027233137303b6c252d34">[email protected]</span></a>, calling (202) 
622-8922, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Internal Revenue Service (IRS)

    Title: Annual Return/Report of Employee Benefit Plan.
    OMB Control Number: 1545-1610.
    Type of Review: Revision of a currently approved collection.
    Description: The Annual Return/Report of Employee Benefit Plan is 
an annual information return filed by employee benefit plans. The IRS 
uses this information for a variety of matters, including ascertainment 
whether a qualified retirement plan appears to conform to requirements 
under the Internal Revenue Code or whether the plan should be audited 
for compliance. Form 5500-EZ (OMB Number: 1545- 0956) is an annual 
return filed by a one participant (owners/partners and their spouses) 
retirement plan or a foreign plan to satisfy certain annual reporting 
and filing requirements imposed by the Internal Revenue Code (Code). 
The IRS uses this data to determine if the plan appears to be operating 
properly as required under the Code or whether the plan should be 
audited. The revisions to the collection are: not releasing Form 5500-
SUP; adding a checkbox to Form 5500, 5500-SF, and Form 5500-EZ for an 
initial plan retroactively adopted as permitted by SECURE Act section 
201; and adding checkboxes for an extension of time to Form 5500-EZ.
    Form: 5500 and Schedules.
    Affected Public: Businesses or other for-profit organization, 
Individuals and Households, and Not-for-profit institutions.
    Estimated Number of Respondents: 929,000.
    Frequency of Response: Annually.
    Estimated Total Number of Annual Responses: 929,000.
    Estimated Total Annual Burden Hours: 934,830 hours.

    Authority: 44 U.S.C. 3501 et seq.

    Dated: December 31, 2020.
Molly Stasko,
Treasury PRA Clearance Officer.
[FR Doc. 2020-29304 Filed 1-5-21; 8:45 am]
BILLING CODE 4830-01-P


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