OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Form 5310, Application for Determination for Terminating Plan; Form 6088, Distributable Benefits from Employee Pension Benefit Plans

ICR 201809-1545-009 · OMB 1545-0202 · Active

Forms and Documents
DocumentTypeStatusAvailability
Form Form 6088 Form 6088--Distributable Benefits From Employee Pension Benefits Plans Form and Instruction Modified Repair queued
Form Form 5310 Form 5310-- Application for Determination for Terminating Plan; Form Modified Available
2018-10-25_SS_1545-0202rSC.doc Supporting Statement A Uploaded 2018-10-25 Available
IC Document Collections
IC IDCollectionTypeStatusForm
202873 Form 6088--Distributable Benefits From Employee Pension Benefits Plans Form and Instruction Modified
17121 Form 5310-- Application for Determination for Terminating Plan; Form Modified
ICR Details
1545-0202 201809-1545-009
Active 201509-1545-011
TREAS/IRS
Form 5310, Application for Determination for Terminating Plan; Form 6088, Distributable Benefits from Employee Pension Benefit Plans
Revision of a currently approved collection   No
Regular
Approved without change 04/29/2019
Retrieve Notice of Action (NOA) 12/21/2018
OMB understands that the IRS is currently in the process of revising the methodology it uses to estimate burden and costs. OMB expects that future ICRs under this OMB control number will include dollar estimates of annual burden costs to taxpayers calculated using this revised methodology.
  Inventory as of this Action Requested Previously Approved
04/30/2022 36 Months From Approved 04/30/2019
1,244 0 40,000
82,231 0 1,718,300
0 0 0
Employers who have qualified deferred compensation plans can take an income tax deduction for contributions to their plans. IRS uses the data on Forms 5310 and 6088 to determine whether a plan still qualifies and whether there is any discrimination in benefits.
US Code: 26 USC Section 401 (a) Name of Law: Income Taxes
   US Code: 26 USC Section 404 Name of Law: Income Taxes
  
None
Not associated with rulemaking
  83 FR 30222 06/27/2018
83 FR 27735 12/21/2018
No
  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 1,244 40,000 0 0 -38,756 0
Annual Time Burden (Hours) 82,231 1,718,300 0 0 -1,636,069 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
The change in the burden previously approved by OMB, resulted from combining and totaling multiple years of responses, instead of reporting each year separately. The updated changes to responses resulted in a decrease of (38,756) responses, resulting in a total burden decrease of (1,636,069) total annual burden hours. Also, we are making this submission to renew he OMB approval.
$32,771
No
    Yes
    Yes
No
No
No
Uncollected
Laurie Harmon 859 669-3124
  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.
12/21/2018