Employee Plans Compliance Resolution System (R.P. 2013-12) - including Forms 8950, 8951, 14568, 14568-A thru I

Forms and Documents

Document Name	Status
Form 8951 Form 8951--Compliance Fee for Employee Plans Voluntary Correction Program Form and Instruction	Modified
Form 8950 Form 8950--Application for Voluntary Correction Program (VCP) Form	Modified
Form 14568 Revenue Procedure 2013-12 - Employee Plans Compliance Resolution System (RP 2006-27) Form	Modified
Justification statement 1545-1673_JUL2014.docx Justification for No Material/Nonsubstantive Change	2014-07-29
1545-1673_Supporting Statement_2011_10JUL2014.doc Supporting Statement A	2014-07-29
Rev Proc 2013-12.pdf Supplementary Document	2013-09-03

IC Document Collections

IC ID	Document Title	Status
203817	Form 8951--Compliance Fee for Employee Plans Voluntary Correction Program Form and Instruction	Modified
203812	Form 8950--Application for Voluntary Correction Program (VCP) Form	Modified
19094	Revenue Procedure 2013-12 - Employee Plans Compliance Resolution System (RP 2006-27) Form	Modified

ICR Details

OMB Control No: 1545-1673	ICR Reference No: 201309-1545-003
Status: Historical Active	Previous ICR Reference No: 201208-1545-035
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Employee Plans Compliance Resolution System (R.P. 2013-12) - including Forms 8950, 8951, 14568, 14568-A thru I
Type of Information Collection: No material or nonsubstantive change to a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/07/2014
	Date Received in OIRA: 07/29/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2016	01/31/2016	01/31/2016
Responses	14,300	0	10,020
Time Burden (Hours)	185,298	0	99,170
Cost Burden (Dollars)	0	0	0

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Abstract: The information requested in Revenue Procedure 2013-12 is required to enable the Internal Revenue Service to make determinations on the issuance of various types of closing agreements and compliance statements. The issuance of the agreements and statements allow individual plans to maintain their tax-qualified status. As a result, the favorable tax treatment of the benefits of the eligible employees is retained. Applicants under the Voluntary Correction Program (VCP) must file Forms 8950 and 8951, and the appropriate scheduled(s) to the applicable part of the model compliance statement, in order to request written approval from the IRS for a correction of a qualified plan that has failed to comply with the requirements of the Internal Revenue Code.

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Authorizing Statute(s): US Code: 26 USC 401 Name of Law: Qualified pension, profit-sharing, and stock bonus plans
   US Code: 26 USC 403 Name of Law: Taxation of employee annuities
   US Code: 26 USC 404 Name of Law: Deduction for contributions of an employer to anemployees' trust or annuity plan and compensation u
   US Code: 26 USC 501 Name of Law: Exemption from tax on corporations, certain trusts, etc.
   US Code: 26 USC 405 Name of Law: Individual retirement accounts
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 37099	06/20/2012
30-day Notice:	Federal Register Citation:	Citation Date:
	77 FR 69545	11/19/2012
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 3

IC Title	Form No.	Form Name
Revenue Procedure 2013-12 - Employee Plans Compliance Resolution System (RP 2006-27)	14568, 14568-B, 14568-E, 14568-D, 14568-F, 14568-G, 14568-A, 14568-C, 14568-H, 14568-I	Appendix C Part I Model VCP Submission Compliance Statement ,   Appendix C Part II Schedule 1 Interim and Certain Discretionary Nonamender Failures ,   Appendix C Part II Schedule 2 Nonamender Failures (other than those to which Schedule 1 applies) and Failure to Adopt a 403(b) Plan Timely ,   Appendix C Part II Schedule 3 SEPs and SARSEPs ,   Appendix C Part II Schedule 4 Simple IRAs ,   Appendix C Part II Schedule 5 Plan Loan Failures (Qualified Plans and 403(b) Plans) ,   Appendix C Part II Schedule 6 Employer Eligibility Failure (§ 401(k) and 403(b) Plans only) ,   Appendix C Part II Schedule 7 Failure to Distribute Elective Deferrals in Excess of the § 402(g) Limit ,   Appendix C Part II Schedule 8 Failure to Pay Required Minimum Distributions Timely under § 401(a)(9) ,   Appendix C Part II Schedule 9 Correction by Plan Amendment (in accordance with Appendix B)
Form 8950--Application for Voluntary Correction Program (VCP)	8950	Application for Voluntary Correction Program (VCP) Submission under the Employee Plans Compliance Resolution System (EPCRS)
Form 8951--Compliance Fee for Employee Plans Voluntary Correction Program	8951	Compliance Fee for Application for Voluntary Correction Program (VCP)

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ICR Summary of Burden

	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	14,300	10,020	0	555	3,725	0
Annual Time Burden (Hours)	185,298	99,170	0	6,201	79,927	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The burden previously approved did not provide the correct accounting of burden claimed in the revenue procedures. This adjustment is an increase of 3,725 responses and 79,927 burden hours to align burden reported in the Revenue Procedure 2008-50. The model forms in Appendix C of Revenue Procedure 2013-12 have been designed in a user-friendly, fillable PDF format to ensure that applicants are including all necessary information needed for processing a VCP submission. The model forms have also been assigned an IRS form number and are available to users through www.irs.gov. Revenue Procedure 2013-12 modifies and supersedes Revenue Procedures 2008-50. Increases of 555 responses and 6,201 burden hours are due to program change. Total burden hours requested are 185,298; a total increase of 86,128 hours.

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 07/29/2014

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