76 FR 44 pg. 12415 - Proposed Collection; Comment Request for Notice 2007-100
Type: NOTICEVolume: 76Number: 44Page: 12415
FR document: [FR Doc. 2011-4996 Filed 3-4-11; 8:45 am]
Agency: Treasury Department
Sub Agency: Internal Revenue Service
Official PDF Version: PDF Version
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Notice 2007-100
AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Notice and request for comments.
SUMMARY:
The Department of the Treasury, as part of its continuingeffort to reduce paperwork and respondent burden, invites the generalpublic and other Federal agencies to take this opportunity to commenton proposed and/or continuing information collections, as required bythe Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.3506(c)(2)(A)). Currently, the IRS is soliciting comments concerningNotice 2007-100, Transition Relief and Guidance on Corrections ofCertain Failures of a Nonqualified Deferred Compensation Plan to Complywith section 409(a) in Operation.
DATES:
Written comments should be received on or before April 8, 2008to be assured of consideration.
ADDRESSES:
Direct all written comments to Allan Hopkins, InternalRevenue Service, room 6129, 1111 Constitution Avenue, NW., Washington,DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information orcopies of notice should be directed to Ralph Terry, at (202) 622-8144, or at Internal Revenue Service, room 6129, 1111 ConstitutionAvenue, NW., Washington, DC 20224, or through the Internet, at Ralph.M.Terry@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Transition Relief and Guidance on Corrections of CertainFailures of a Nonqualified Deferred Compensation Plan to Comply withsection 409(a) in Operation
OMB Number: 1545-2086.
Notice Number: Notice 2007-100.
Abstract: This notice sets forth the procedures to be followed byservice recipients and service providers in order to correct certainoperational failures of a nonqualified deferred compensation plan tocomply with section 409A(a). It also describes the types of operationalfailures that can be corrected under the notice.
Current Actions: There are no changes being made to the notice atthis time.
Type of Review: This is an extension of a currently approvedcollection.
Affected Public: Business or other for-profit institutions, not-for-profit institutions, and individuals or households.
Estimated Number of Respondents: 10,000.
Estimated Average Time per Respondent: 30 min.
Estimated Total Annual Burden Hours: 5,000.
The following paragraph applies to all of the collections ofinformation covered by this notice:
An agency may not conduct or sponsor, and a person is not requiredto respond to, a collection of information unless the collection ofinformation displays a valid OMB control number. Books or recordsrelating to a collection of information must be retained as long astheir contents may become material in the administration of anyinternal revenue law. Generally, tax returns and tax return informationare confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this noticewill be summarized and/or included in the request for OMB approval. Allcomments will become a matter of public record.
Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility; (b) the accuracy of the agency's estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.
Approved: March 1, 2011.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2011-4996 Filed 3-4-11; 8:45 am]
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