Revenue Procedure 2002-XX, Procedures for IRAs, SEPS, and SIMPLE IRA Plans

ICR 200112-1545-022

OMB: 1545-1769

Federal Form Document

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ICR Details
1545-1769 200112-1545-022
Historical Active
TREAS/IRS
Revenue Procedure 2002-XX, Procedures for IRAs, SEPS, and SIMPLE IRA Plans
New collection (Request for a new OMB Control Number)   No
Emergency 12/31/2001
Approved without change 01/02/2002
Retrieve Notice of Action (NOA) 12/31/2001
The agency is not required to display the expiration date.
  Inventory as of this Action Requested Previously Approved
06/30/2002 06/30/2002
378,000 0 0
7,371,000 0 0
0 0 0

The Economic Growth and Tax Relief Reconciliation Act of 2001 made numerous changes affecting IRAs, SEPs, and SIMPLEs IRA plans These changes area effective beginning January 1, 2002, and to take advantage of the new law, these retirement plans must be amended and participants notified of the amendments. Revenue Procedure 2002-XX provides guidance on this process and provides an extended period for making the amendments.

None
None


No

1
IC Title Form No. Form Name
Revenue Procedure 2002-XX, Procedures for IRAs, SEPS, and SIMPLE IRA Plans

  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 378,000 0 0 378,000 0 0
Annual Time Burden (Hours) 7,371,000 0 0 7,371,000 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No

$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.
12/31/2001


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