SS_Form 5316_JAN10

SS_Form 5316_JAN10.doc

Form 5316 - Application for Group or Pooled Trust Ruling

OMB: 1545-2166

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SUPPORTING STATEMENT

1. CIRCUMSTANCES NECESSITATING COLLECTION OF INFORMATION

Group/pooled trust sponsors file this form to request a determination letter from the IRS for a determination that the trust is a group trust arrangement as described in Rev. Rul. 81-100, 1981-1 C.B. 326 as modified and clarified by Rev. Rul. 2004-67, 2004-28 I.R.B. Prior to this form, a letter was submitted in lieu of a form.

2. USE OF DATA

For group/pooled trust sponsors to obtain a determination letter that the trust is a group trust arrangement exempt from tax.

3. USE OF IMPROVED INFORMATION TECHNOLOGY TO REDUCE BURDEN

We have no plans at this time to offer electronic filing.

4. EFFORTS TO IDENTIFY DUPLICATION

We have attempted to eliminate duplication within the agency wherever possible.

5. METHODS TO MINIMIZE BURDEN ON SMALL BUSINESSES OR OTHER SMALL ENTITIES

Not applicable.

6. CONSEQUENCES OF LESS FREQUENT COLLECTION ON FEDERAL PROGRAMS OR POLICY ACTIVITIES

Not applicable.

Form 14029 (Rev. 4-2009) Catalog Number 51944B Page 4 Department of the Treasury–Internal Revenue Service

7. SPECIAL CIRCUMSTANCES REQUIRING DATA COLLECTION TO BE INCONSISTENT WITH GUIDELINES IN 5 CFR 1320.5(d)(2)

Not applicable.

8. CONSULTATION WITH INDIVIDUALS OUTSIDE OF THE AGENCY ON AVAILABILITY OF DATA, FREQUENCY OF COLLECTION, CLARITY OF INSTRUCTIONS AND FORMS, AND DATA ELEMENTS

Periodic meetings are held between numerous offices in the Service and Treasury to discuss tax law and tax forms. During these meetings there is an opportunity for those attending to make comments regarding Form 5316.


In response to our Federal Register Notice dated August 20, 2009 (74 FR 42160), we received no comments during the comment period regarding Form 5316.

9. EXPLANATION OF DECISION TO PROVIDE ANY PAYMENT OR GIFT TO RESPONDENTS

Not applicable.

10. ASSURANCE OF CONFIDENTIALITY OF RESPONSES

Generally, tax returns and tax return information are confidential as required by 26 USC 6103.

11. JUSTIFICATION OF SENSITIVE QUESTIONS

Not applicable.

12. ESTIMATED BURDEN OF INFORMATION COLLECTION

The burden estimate is as follows:

Form Number of Responses Tiime Per Response Total Hours

Form 5316 200 19 hours 3,800 hours

Form 14029 (Rev. 4-2009) Catalog Number 51944B Page 5 Department of the Treasury–Internal Revenue Service

13. ESTIMATED TOTAL ANNUAL COST BURDEN TO RESPONDENTS

Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information are not available at this time.


As suggested by OMB, our Federal Register Notice dated August 20, 2009 (74 FR 42160), requested public comments on estimates of cost burden that are not captured in the estimates of burden hours, i.e., estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. However, we did not receive any responses from taxpayers on this subject. As a result, estimates of these cost burdens are not available at this time.

14. ESTIMATED ANNUALIZED COST TO THE FEDERAL GOVERNMENT

Printing costs approximately $3,000.

15. REASONS FOR CHANGE IN BURDEN

Sponsors previously provided their request for a determination letter of tax exemption from IRS via a letter. This letter was inadvertently overlooked for PRA review and with the creation of Form 5316, it was determined that OMB clearance had not previously been acquired.

16. PLANS FOR TABULATION, STATISTICAL ANALYSIS AND PUBLICATION

Not applicable.

17. REASONS WHY DISPLAYING THE OMB EXPIRATION DATE IS INAPPROPRIATE

Not applicable.

18. EXCEPTIONS TO THE CERTIFICATION STATEMENT ON OMB PRA SUBMISSION FORM

Not applicable.

Note: The following paragraph applies to all of the collections of information in this submission:

An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless

the collection of information displays a valid OMB control number. Books or records relating to a collection of

information must be retained as long as their contents may become material in the administration of any internal

revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103.

19. REASON FOR EMERGENCY SUBMISSION

N/A

Form 14029 (Rev. 4-2009) Catalog Number 51944B Page 6 Department of the Treasury–Internal Revenue Service


File Typeapplication/msword
File TitleForm 14029 (Rev. 4-2009)
SubjectPaperwork Reduction Act Submission
AuthorSE:W:CAR:MP:FP:T:T:SP
Last Modified ByDWolfgang
File Modified2010-01-15
File Created2010-01-15

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