TD 9340 (Final) Revised Regulations Concerning Section 403(b) Tax-Sheltered Annuity Contracts

ICR 201010-1545-024

OMB: 1545-2068

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2010-10-14
IC Document Collections
ICR Details
1545-2068 201010-1545-024
Historical Active 200704-1545-008
TREAS/IRS ah-2068-026
TD 9340 (Final) Revised Regulations Concerning Section 403(b) Tax-Sheltered Annuity Contracts
Extension without change of a currently approved collection   No
Regular
Approved without change 01/28/2011
Retrieve Notice of Action (NOA) 11/30/2010
  Inventory as of this Action Requested Previously Approved
01/31/2014 36 Months From Approved 01/31/2011
90,000 0 90,000
45,000 0 45,000
0 0 0

The collection of information in the regulations is in § 1.403(b)-10(b)(2) of the Income Tax Regulations, requiring, in the case of certain exchanges or transfers, that the section 403(b) plan sponsor or administrator enter into an agreement to exchange certain information with vendors of section 403(b) contracts. Such information exchange is necessary to ensure compliance with tax law requirements relating to loans and hardship distributions from section 403(b) plans.

US Code: 26 USC 403(b) Name of Law: Taxation of Employee Annuities
   US Code: 26 USC 402 Name of Law: Taxability of Beneficiary of Employees' Trust
   US Code: 26 USC 6103 Name of Law: Confidentiality and Disclosure of Returns and Return Information
   US Code: 26 USC 414(c) Name of Law: Definitions and Special Rules
   US Code: 26 USC 501(c)(3) Name of Law: Exemption from Tax on Corporations, Certain Trusts, etc.
  
None

Not associated with rulemaking

  75 FR 44842 07/29/2010
75 FR 70775 11/18/2010
No

1
IC Title Form No. Form Name
Revised Regulations Concerning Section 403(b) Tax-Sheltered Annuity Contracts

  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 90,000 90,000 0 0 0 0
Annual Time Burden (Hours) 45,000 45,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
John Tolleris 202 622-6060

  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.
11/30/2010


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