Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Summary of Change -Delinquent filer program.doc	Justification for No Material/Nonsubstantive Change	Uploaded 2011-06-23	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
39892	Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan	Instruction	Modified
198224	PILOT PROGRAM FOR DELINQUENT FORM 5500EZ FILERS	Other-Cover Sheet	New

ICR Details

OMB Control No: 1545-0956	ICR Reference No: 201106-1545-012
Status: Historical Active	Previous ICR Reference No: 200910-1545-028
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/22/2011
	Date Received in OIRA: 09/14/2011
Terms of Clearance: If the pilot program is to continue past the June 2013 expiration date of this collection it should be resubmitted next time as a revision to reflect these changes. Otherwise the changes that reflect the pilot program must be removed from this information collection.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2013	06/30/2013	06/30/2013
Responses	252,000	0	250,000
Time Burden (Hours)	7,005,167	0	7,005,000
Cost Burden (Dollars)	0	0	0

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Abstract: Form 5500-EZ is an annual return filed by a one-participant or one-participant and spouse pension plan. The IRS uses this data to determine if the plan appears to be operating properly as required under the law or whether the plan should be audited.

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Authorizing Statute(s): US Code: 26 USC 410(b) Name of Law: Minimum coverage requirements
  

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
60-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 40644	08/12/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 59030	11/16/2009
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 2

table that charts list of burden

IC Title	Form No.	Form Name
Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan	5500-EZ	Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan
PILOT PROGRAM FOR DELINQUENT FORM 5500EZ FILERS

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ICR Summary of Burden

table that charts list 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	252,000	250,000	0	2,000	0	0
Annual Time Burden (Hours)	7,005,167	7,005,000	0	167	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: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: IRS is in the process of creating a temporary, pilot program which would allow delinquent filers of Form 5500-EZ (and some delinquent Form 5500 filers) to submit their delinquent returns without penalty. The delinquent filers will be required to submit a "Transmittal Schedule" in addition to filing the delinquent form. As currently contemplated, the Transmittal Schedule would be attached to the front of each delinquent return that is filed and would allow IRS to track the number of returns submitted under the program, and provide a basis for determining whether or not the program would become permanent. The Transmittal Schedule should take no more than five minutes to fill out and would be attached to every delinquent return. While IRS cannot be certain regarding how many delinquent returns will be filed under this program, we anticipate receiving approximately 2000 returns. The purpose of the Transmittal Schedule is to allow us to keep track of the number of delinquent returns being filed. Because the delinquent returns go directly into normal return processing, this form will allow IRS to track the number of delinquent returns being filed under this program. The number of returns filed will help determine if the pilot program is successful and whether it will be continued as a permanent program. There is no intention to use these Transmittal Schedules as a basis for an exam or any other follow-up.

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Annual Cost to Federal Government: $10,231

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

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: 09/14/2011

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