Proposed Collection; Comment Request for Form 1099–R

The Internal Revenue Service (IRS) and the Treasury Department requested comments on IRS Form 1099-R:

SUMMARY: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning Form 1099–R, Distributions From Pensions, Annuities, Retirement or Profit-Sharing Plans, IRAs, Insurance Contracts, etc.

DATES: Written comments should be received on or before May 16, 2008 to be assured of consideration.

Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on:

1. Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information shall have practical utility
   
2. the accuracy of the agency's estimate of the burden of the collection of information;
   
3. ways to enhance the quality, utility, and clarity of the information to be collected;
   
4. ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and
   
5. estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.