Payments From Qualified Education Programs (Under Sections 529 and 530)

ICR 202102-1545-017

OMB: 1545-1760

Federal Form Document

Forms and Documents
Supplementary Document
Supporting Statement A
IC Document Collections
ICR Details
1545-1760 202102-1545-017
Received in OIRA 201707-1545-018
Payments From Qualified Education Programs (Under Sections 529 and 530)
Extension without change of a currently approved collection   No
Regular 04/29/2021
  Requested Previously Approved
36 Months From Approved 04/30/2021
3,689,800 2,409,500
811,756 530,090
0 0

Form 1099–Q, Payments From Qualified Education Programs (Under Sections 529 and 530), is used to report distributions from private and state qualified tuition programs as required under Internal Revenue Code sections 529 and 530. A Form 1099-Q is filed if you (a) are an officer or an employee, or the designee of an officer or employee, having control of a program established by a state or eligible educational institution; and (b) made a distribution from a qualified tuition program (QTP). A trustee of a Coverdell education savings account (ESA) must file Form 1099-Q to report distributions made from Coverdell ESAs. To lessen the burden for payers, Form 1099-Q was developed to report distributions from private and state qualified tuition programs. A copy of the Form 1099-Q must be furnished to the recipient.

US Code: 26 USC 530 Name of Law: Coverdell education savings accounts
   US Code: 26 USC 529 Name of Law: Qualified tuition programs

Not associated with rulemaking

  86 FR 6738 01/22/2021
86 FR 22784 04/29/2021

  Total Request 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 3,689,800 2,409,500 0 0 1,280,300 0
Annual Time Burden (Hours) 811,756 530,090 0 0 281,666 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Changes were made to the burden previously approved to update the estimated number of responses based on the most recent filing data. The annual number of responses requested is 3,689,800 (an increase of 1,280,300 from the previously approved 2,409,500). No changes have been made to the form. The change in estimated responses results in an overall hourly burden increase of 281,666) current burden estimate is 811,756 and previously approved was 530,090).

Janice Martin 202 622-3312


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.

© 2021 | Privacy Policy