Announcement 2006-xx - Implementation of section 402 of H.R. 4

Forms and Documents

Document Name	Status
OMB announcement 2006 402 PPA ss.doc Supporting Statement A	2006-09-08
x-38-06 section 402.doc Supplementary Document	2006-09-06
H R 4 402.doc Supplementary Document	2006-09-06
announcement2006-xx 201 section402.doc Supplementary Document	2006-09-06

IC Document Collections

IC ID	Document Title	Status
45089	Announcement 2006-xx - Implementation of section 402 of H.R. 4	New

ICR Details

OMB Control No: 1545-2037	ICR Reference No: 200609-1545-006
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Announcement 2006-xx - Implementation of section 402 of H.R. 4
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 09/11/2006
OIRA Conclusion Action: Approved without change	Conclusion Date: 10/30/2006
	Date Received in OIRA: 09/08/2006
Terms of Clearance: In its next submission of this information collection, the agency is instructed to confirm that the Line of Business and Subfunction under the Federal Enterprise Architecture Business Reference Module are correct.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2007	6 Months From Approved
Responses	20	0	0
Time Burden (Hours)	100	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: This announcement contains a model form that may be filed in order to make an election under section 402(a)(1) of the Pension Protection Act of 2006, and to notify the Service of a change in plan year.

Emergency Justfication: The requested information is needed pursuant to a Congressional directive in section 402(d)(2) of the Pension Protection Act of 2006, Pub. L. No. 109-280, as enacted on August 18, 2006. For that reason we must be able to provide addiquate time and resources for taxpayers to understand and adhere to these new requirements. Because of the time limitations taxpayers are eligible to make this election for the 2006 and remaining portion of 2007, we need OMB approval as soon as possible. Taxpayers need the time to read, understand and comply with these new guidelines. It is essential to the IRS mission that we provide this clarification of the guidelines to the particular taxpayers.

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Authorizing Statute(s): US Code: 26 USC 412 Name of Law: null
   US Code: 26 USC 4971 Name of Law: null
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Announcement 2006-xx - Implementation of section 402 of H.R. 4

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ICR Summary of Burden

	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	20	0	0	20	0	0
Annual Time Burden (Hours)	100	0	0	100	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This is a new announcement. The increase in total burden is a result of the number of estimated users (20) and the average time it takens them to adhere to this announcement (5).

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 09/08/2006

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