Federal Register #2026-15067

IRS Seeks Public Comment on Employee Plans Compliance Resolution System Information Collection

This opportunity involves the Internal Revenue Service (IRS) under the Department of the Treasury seeking public comment on its information collection activities for the Employee Plans Compliance Resolution System (EPCRS). - Government Buyer: - Department of the Treasury, Internal Revenue Service (IRS) - No OEMs or commercial vendors are involved, as this is not a procurement of products or services - Products/Services Requested: - Public feedback on information collection forms and procedures related to EPCRS - Additional information collection requests referenced include forms for reporting abusive tax promotions, estate tax filing extensions, exemption from withholding for nonresident aliens, and electronic payee statements - Unique/Notable Requirements: - Focus on minimizing the burden of information collection - Emphasis on improving the quality, utility, and clarity of the information collected - No acquisition of goods or services; strictly regulatory and compliance-related

Description

The IRS is inviting comments on the information collection request related to the Employee Plans Compliance Resolution System (EPCRS). This system involves forms and procedures that allow individual plans to maintain their tax-qualified status by correcting failures to comply with Internal Revenue Code requirements. The information collected helps the IRS make determinations on closing agreements and compliance statements, ensuring favorable tax treatment for eligible employees. Comments are requested to assess the impact and minimize the burden of the information collection requirements.

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