NONDEDUCTIBLE IRA CONTRIBUTIONS, IRA BASIS, AND NONTAXABLE IRA DISTRIBUTIONS

ICR 198908-1545-026

OMB: 1545-1007

Federal Form Document

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Document
Name
Status
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ICR Details
1545-1007 198908-1545-026
Historical Active 198808-1545-063
TREAS/IRS
NONDEDUCTIBLE IRA CONTRIBUTIONS, IRA BASIS, AND NONTAXABLE IRA DISTRIBUTIONS
Revision of a currently approved collection   No
Regular
Approved without change 11/09/1989
Retrieve Notice of Action (NOA) 08/10/1989
You may omit printing the expiration date on this form. Also, you may continue to use previous versions of this form.
  Inventory as of this Action Requested Previously Approved
10/31/1992 10/31/1992 09/30/1990
997,748 0 2,279,174
1,267,140 0 875,989
0 0 0

IRC SECTION 408(O) ALLOWS TAXPAYERS TO ELECT TO MAKE NONDEDUCTIBLE CONTRIBUTIONS TO INDIVIDUAL RETIREMENT PLANS. THIS SECTION ALSO REQUIRES TAXPAYERS TO REPORT TO THE SERVICE CERTAIN INFORMATION REGARDING NONDEDUCTIBLE CONTRIBUTIONS.

None
None


No

1
IC Title Form No. Form Name
NONDEDUCTIBLE IRA CONTRIBUTIONS, IRA BASIS, AND NONTAXABLE IRA DISTRIBUTIONS 8606

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 997,748 2,279,174 0 326,867 -1,608,293 0
Annual Time Burden (Hours) 1,267,140 875,989 0 -99,775 490,926 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
08/10/1989


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