TD 7898 - Employers Qualified Educational Assistance Programs

ICR 201409-1545-020

OMB: 1545-0768

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2015-04-28
IC Document Collections
ICR Details
1545-0768 201409-1545-020
Historical Active 201307-1545-001
TREAS/IRS
TD 7898 - Employers Qualified Educational Assistance Programs
Extension without change of a currently approved collection   No
Regular
Approved without change 10/05/2015
Retrieve Notice of Action (NOA) 04/30/2015
  Inventory as of this Action Requested Previously Approved
10/31/2018 36 Months From Approved 10/31/2015
5,200 0 5,200
615 0 615
0 0 0

Respondents include employers who maintain education assistance programs for their employees. The information verifies that programs are qualified and that employees may exclude educational assistance from their gross incomes. Section 127(a) of the Internal Revenue Code provides that the gross income of any employee does not include amounts paid or expenses incurred by an employer if furnished to the employee pursuant to a qualified educational assistance program. Section 127(b) sets forth the requirements which must be met in order for a program to be a qualified educational assistance program. Among these requirements, section 127(b)(1) requires that a program be a separate written plan of the employer. Treas. Reg. section 1.127 2(b) restates this requirement. No advance approval of the plan is required. Employees must be notified of the availability and terms of the program. Section 127(b)(6) and Treas. Reg. section 1.127 2(g). Pursuant to section 6001, substantiation may be required to verify that employees are entitled to exclude the value of such benefits from their gross incomes.

US Code: 26 USC 127 Name of Law: Educational assistance programs.
  
None

Not associated with rulemaking

  79 FR 49375 08/20/2014
80 FR 24317 04/30/2015
No

1
IC Title Form No. Form Name
Employers Qualified Educational Assistance Programs (TD 7898)

  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 5,200 5,200 0 0 0 0
Annual Time Burden (Hours) 615 615 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Shoshanna Tanner 202 622-6080

  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.
04/30/2015


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