OMB.report

Federal forms, ICRs, and supporting documents

Information Collection Request

Form 5498-QA -- ABLE Account Contribution Information / Form 1099-QA -- Distributions From ABLE Accounts

ICR 202406-1545-002 · OMB 1545-2262 · Received in OIRA

Forms and Documents
DocumentTypeStatusAvailability
Form 1099-QA 1099-QA -- Distributions From ABLE Accounts Form Modified Repair queued
Form 5498-QA 5498-QA -- ABLE Account Contribution Information Form Modified Repair queued
2024 Supporting Statement 1545-2262-Clean.docx Supporting Statement A Uploaded 2024-07-24 Repair queued
IC Document Collections
IC IDCollectionTypeStatusForm
229076 1099-QA -- Distributions From ABLE Accounts Form Modified
215991 5498-QA -- ABLE Account Contribution Information Form Modified
ICR Details
1545-2262 202406-1545-002
Received in OIRA 202102-1545-033
TREAS/IRS
Form 5498-QA -- ABLE Account Contribution Information / Form 1099-QA -- Distributions From ABLE Accounts
Extension without change of a currently approved collection   No
Regular 07/31/2024
  Requested Previously Approved
36 Months From Approved 07/31/2024
20,000 20,000
3,600 3,600
0 0
These forms are used to report the contributions of Achieving a Better Life Experience (ABLE) accounts under IRC 529A. Any State or its agency or instrumentality that establishes and maintains a qualified ABLE program must file a Form 1099-QA (Distributions From ABLE Accounts), and/or establishes and maintains a qualified ABLE program must file (for each ABLE account), a Form 5498-QA (ABLE Account Contribution Information) with the Internal Revenue Service. IRS uses the information to verify compliance with the reporting rules and to verify that the recipient has included the proper amount of income on his or her income tax return.
US Code: 26 USC 529A Name of Law: Qualified Tuition Program
  
None
Not associated with rulemaking
  89 FR 21418 03/27/2024
89 FR 61586 07/31/2024
No
  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 20,000 20,000 0 0 0 0
Annual Time Burden (Hours) 3,600 3,600 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
$141,085
No
    Yes
    Yes
No
No
No
No
Carmen García-Salgado 202 317-5762
  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.
07/31/2024