Tax on Lump-Sum Distributions (From Qualified Retirement Plans of Plan Participants Born Before 1936)

ICR 200511-1545-046

OMB: 1545-0193

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
ICR Details
1545-0193 200511-1545-046
Historical Active 200307-1545-001
TREAS/IRS
Tax on Lump-Sum Distributions (From Qualified Retirement Plans of Plan Participants Born Before 1936)
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 11/23/2005
Retrieve Notice of Action (NOA) 11/23/2005
  Inventory as of this Action Requested Previously Approved
08/31/2006 08/31/2006 08/31/2006
21,709 0 35,000
95,520 0 95,550
0 0 0

IRC Section 402(e) allows taxpayers to compute a separate tax on a lump sum distribution from a qualified retirement plan. Form 4972 is used to correctly figure that tax. The data is used to verify the correctness of the separate tax. Form 4972 is also to make the special 20% capital gain election attributable to pre-1974 participation from the lump-sum distribution.

None
None


No

1
IC Title Form No. Form Name
Tax on Lump-Sum Distributions (From Qualified Retirement Plans of Plan Participants Born Before 1936) 4972

  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 21,709 35,000 0 0 -13,291 0
Annual Time Burden (Hours) 95,520 95,550 0 0 -30 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
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.
11/23/2005


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