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 Type | application/msword |
| File Title | Form 14029 (Rev. 4-2009) |
| Subject | Paperwork Reduction Act Submission |
| Author | SE:W:CAR:MP:FP:T:T:SP |
| Last Modified By | DWolfgang |
| File Modified | 2010-01-15 |
| File Created | 2010-01-15 |