TD 9142 (Final), Deemed IRAs in Qualified Retirement Plans (REG-157302-02)

ICR 201510-1545-008

OMB: 1545-1841

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2015-10-30
IC Document Collections
ICR Details
1545-1841 201510-1545-008
Historical Active 201209-1545-009
TREAS/IRS
TD 9142 (Final), Deemed IRAs in Qualified Retirement Plans (REG-157302-02)
Extension without change of a currently approved collection   No
Regular
Approved without change 02/17/2016
Retrieve Notice of Action (NOA) 11/30/2015
  Inventory as of this Action Requested Previously Approved
02/28/2019 36 Months From Approved 02/29/2016
800 0 800
40,000 0 40,000
0 0 0

Section 408(q), added to the Internal Revenue Code by section 602 of the Economic Growth and Tax Relief Reconciliation Act of 2001, provides that separate accounts and annuities may be added to qualified employer plans and deemed to be individual retirement accounts and individual retirement annuities if certain requirements are met. Section 1.408(q)-1(f)(2) provides that these deemed IRAs must be held in a trust or annuity contract separate from the trust or annuity contract of the qualified employer plan. This collection of information is required to ensure that the separate requirements of qualified employer plans.

US Code: 26 USC 408(q) Name of Law: Deemed IRA's under qualified employer plans.
  
None

Not associated with rulemaking

  80 FR 51875 08/26/2015
80 FR 74219 11/27/2015
No

1
IC Title Form No. Form Name
REG-157302-02 (Final), TD 9142 Deemed IRAs in Qualified Retirement Plans

  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 800 800 0 0 0 0
Annual Time Burden (Hours) 40,000 40,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
Linda Conway 202 622-6952 [email protected]

  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.
11/30/2015


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