Credit for Small Employer Pension Plan Startup Costs

ICR 200611-1545-032

OMB: 1545-1810

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supplementary Document
2006-12-01
Justification for No Material/Nonsubstantive Change
2006-11-28
IC Document Collections
ICR Details
1545-1810 200611-1545-032
Historical Active 200604-1545-039
TREAS/IRS LM-1545-1810-032
Credit for Small Employer Pension Plan Startup Costs
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 12/11/2006
Retrieve Notice of Action (NOA) 12/06/2006
  Inventory as of this Action Requested Previously Approved
06/30/2009 06/30/2009 06/30/2009
66,667 0 66,667
235,335 0 526,670
0 0 0

Qualified small employers use Form 8881 to request a credit for start up costs related to eligible retirement plans. Form 8881 implements section 45E, which provides a credit based on costs incurred by an employer in establishing or administering an eligible employer plan or for the retirement related education of employees with respect to the plan. The credit is 50% of the qualified costs for the tax year, up to a maximum credit of $500 for the first tax year and each of the two subsequent tax years.

None
None

Not associated with rulemaking

No

1
IC Title Form No. Form Name
Credit for Small Employer Pension Plan Startup Costs 8881 Credit For Small Employer Pension Plan

  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 66,667 66,667 0 0 0 0
Annual Time Burden (Hours) 235,335 526,670 0 -291,335 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes
Changing Forms
Deleted 7 lines from Form 8881 which resulted in a program burden change.

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected
John Nelson 202 927-9488

  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.
12/06/2006


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