If the pilot program is to continue past the June 2013 expiration date of this collection it should be resubmitted next time as a revision to reflect these changes. Otherwise the changes that reflect the pilot program must be removed from this information collection.
Inventory as of this Action
Requested
Previously Approved
06/30/2013
06/30/2013
06/30/2013
252,000
0
250,000
7,005,167
0
7,005,000
0
0
0
Form 5500-EZ is an annual return filed by a one-participant or one-participant and spouse pension plan. The IRS uses this data to determine if the plan appears to be operating properly as required under the law or whether the plan should be audited.
US Code:
26 USC 410(b)
Name of Law: Minimum coverage requirements
IRS is in the process of creating a temporary, pilot program which would allow delinquent filers of Form 5500-EZ (and some delinquent Form 5500 filers) to submit their delinquent returns without penalty. The delinquent filers will be required to submit a "Transmittal Schedule" in addition to filing the delinquent form.
As currently contemplated, the Transmittal Schedule would be attached to the front of each delinquent return that is filed and would allow IRS to track the number of returns submitted under the program, and provide a basis for determining whether or not the program would become permanent. The Transmittal Schedule should take no more than five minutes to fill out and would be attached to every delinquent return. While IRS cannot be certain regarding how many delinquent returns will be filed under this program, we anticipate receiving approximately 2000 returns.
The purpose of the Transmittal Schedule is to allow us to keep track of the number of delinquent returns being filed. Because the delinquent returns go directly into normal return processing, this form will allow IRS to track the number of delinquent returns being filed under this program. The number of returns filed will help determine if the pilot program is successful and whether it will be continued as a permanent program. There is no intention to use these Transmittal Schedules as a basis for an exam or any other follow-up.
$10,231
No
No
No
No
No
Uncollected
Vikki Vrooman 202 927-9868
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.
Summary of Change -Delinquent filer program.doc
Annual Return of One-Participant (Owners and Their Spouses) Retirement Plan