REG-106796-12 - (NPRM) The $500,000 Deduction Limitation for Remuneration Provided by Certain Health Insurance Providers

Forms and Documents

Document Name	Status
SupportingStmt_REG_106796-12[1].doc Supporting Statement A	2014-09-03
Notice 2011-2.pdf Supplementary Document	2014-08-29

IC Document Collections

IC ID	Document Title	Status
212836	Special rule for application to certain health insurance providers	New

ICR Details

OMB Control No: 1545-2258	ICR Reference No: 201408-1545-012
Status: Historical Inactive	Previous ICR Reference No:
Agency/Subagency: TREAS/IRS	Agency Tracking No: Ready - seeking preapproval
Title: REG-106796-12 - (NPRM) The $500,000 Deduction Limitation for Remuneration Provided by Certain Health Insurance Providers
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule	Conclusion Date: 10/14/2014
	Date Received in OIRA: 09/12/2014
Terms of Clearance: Agency will resubmit the collection at the final rule stage and provide a summary of comments received on the collection along with a discussion as to whether the agency incorporated the commenter's suggestion, and if not, why not.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date		36 Months From Approved
Responses	0	0	0
Time Burden (Hours)	0	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: To determine eligibility for de minimis exception under the regulations, affiliated groups with more than one health insurance issuer need to designate a health insurance issuer that will be a parent entity. The designation must be in writing, but is not required to be submitted to the IRS (but will be requested on audit). The respondents are affiliated groups with more than one health insurance issuer.

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Authorizing Statute(s): US Code: 26 USC 162(m)(6) Name of Law: Special rule for application to certain health insurance providers
  

Citations for New Statutory Requirements: US Code: 26 USC 1.162-31(b)(3)(ii)(A) Name of Law: The $500,000 Deduction Limitation for Remuneration Provided by Certain Health Insurance Providers

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
1545-BK88	Proposed rulemaking	78 FR 19950	04/02/2013

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Special rule for application to certain health insurance providers

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

Burden Increase Due to:

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

Burden Reduction Due to:

Short Statement: We are submitting this ICR as a new request for Notice of Proposed Rulemaking: The $500,000 Deduction Limitation for Remuneration Provided by Certain Health Insurance Providers (REG-106796-12).

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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]? Yes

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: 09/12/2014

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