Return of Excise Taxes Related to Employee Benefit Plans

ICR 201707-1545-015

OMB: 1545-0575

Federal Form Document

Forms and Documents
IC Document Collections
ICR Details
1545-0575 201707-1545-015
Active 201311-1545-021
TREAS/IRS
Return of Excise Taxes Related to Employee Benefit Plans
Extension without change of a currently approved collection   No
Regular
Approved without change 12/21/2017
Retrieve Notice of Action (NOA) 10/25/2017
  Inventory as of this Action Requested Previously Approved
12/31/2020 36 Months From Approved 12/31/2017
8,403 0 8,403
540,145 0 540,145
0 0 0

Code sections 4971, 4972, 4973(a)(3), 4975, 4976, 4977, 4978, 4978A, 4978B, 4979, 4979A and 4980 impose various excise taxes in connection with employee benefit plans. Form 5330 is used to compute and collect these taxes.

US Code: 26 USC 4973(a)(3) Name of Law: Tax on excess contributions to certain tax-favored accounts and annuities
   US Code: 26 USC 4975 Name of Law: Tax on prohibited transactions
   US Code: 26 USC 4972 Name of Law: Taxes on failure to meet minimum funding standards
   US Code: 26 USC 4971 Name of Law: Taxes on failure to meet minimum funding standards
   US Code: 26 USC 4976 Name of Law: Taxes with respect to funded welfare benefit plans
   US Code: 26 USC 4977 Name of Law: Tax on certain fringe benefits provided by an employer
   US Code: 26 USC 4978 Name of Law: Tax on certain dispositions by employee stock ownership plans and certain cooperatives
   US Code: 26 USC 4979 Name of Law: Tax on certain excess contributions
   US Code: 26 USC 4980 Name of Law: Tax on reversion of qualified plan assets to employer
   US Code: 26 USC 6103 Name of Law: Confidentiality and Disclosure of Returns and Return Information
  
None

Not associated with rulemaking

  82 FR 26841 06/09/2017
82 FR 49480 10/25/2017
No

1
IC Title Form No. Form Name
Return of Excise Taxes Related to Employee Benefit Plans Form 5330 Return of Excise Taxes Related to Employee Benefit 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 8,403 8,403 0 0 0 0
Annual Time Burden (Hours) 540,145 540,145 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$33,875
No
    Yes
    Yes
No
No
No
Uncollected
Vikki Vrooman 202 317-5884

  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.
10/25/2017


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