Federal Register #2026-22384

IRS request for comments on IRA compliance resolution information collection

The Department of the Treasury’s Internal Revenue Service (IRS) is seeking public comments on an information collection for its Individual Retirement Account Compliance Resolution System (ICRS). - Government buyer: U.S. Department of the Treasury, Internal Revenue Service; no specific sub-agency or office is identified. - Opportunity type: Public comment request for a new information collection, not a procurement for products or services. - Forms covered: Forms 15443, 15745, 15745-A, 15745-B, and 15745-C. - The forms support applications to the IRA Voluntary Correction Program and requests for pre-submission conferences. - They collect information about eligible inadvertent IRA failures and proposed corrections, including required minimum distribution, nonspouse beneficiary distribution or rollover, IRA establishment, and 60-day rollover failures. - The collection also supports requests for related relief; 60-day rollover waiver requests are handled through the program. - Estimated collection burden: 30,750 responses and 38,909 annual burden hours. - OEMs and vendors: None identified. No products, quantities, or part numbers are requested.

Description

The IRS is requesting comments on a new information collection under the Individual Retirement Account Compliance Resolution System (ICRS). ICRS establishes a correction program for eligible inadvertent failures involving individual retirement accounts and annuities, including certain custodian or service-provider errors, and moves requests for 60-day rollover waivers to the program. The collection includes Forms 15443 and 15745 through 15745-C, used to apply for the program, describe failures and proposed corrections, and request related relief. Comments are due January 4, 2027.

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