These forms will be 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
This ICR has a change in burden
due to potential violation of PRA. Although there is no overall
change in burden for this Information Collection Request (ICR), we
separated the burden into separate Information Collections (IC) in
order to provide better clarity and transparency.
$2,000
No
Yes
Yes
No
No
No
Uncollected
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.