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SECTION 9. PAPERWORK
Internal Revenue Bulletin 1999-23 · 2026-10-03 edition · updated 2026-10-04 · United States
REDUCTION ACT
The collection of information contained in this revenue procedure have been reviewed and approved by the Office of Management and Budget in accordance with the Paperwork Reduction Act (44 U.S.C. 3507) under control number 1545-1625.
The collection of information and reporting burden are in section 5 of this revenue procedure. This information will be used to determine whether an issuer may remedy failures to comply with the requirements of § 7702A. The likely respondents are insurance companies.
The estimated total annual reporting burden is 20,000 hours.
The estimated annual burden per respondent varies from 50 hour to 150 hours with an average of 100 hours. The estimated number of respondents is 200.
The estimated annual frequency of the responses is one time.
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 and 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.
DRAFTING INFORMATION
The principal author of this revenue procedure is Katherine Hossofsky of the Office of Assistant Chief Counsel (Financial Institutions and Products). For further information regarding this revenue procedure, contact Ms. Hossofsky on (202) 622-3477 (not a toll-free call).
1999–23 I.R.B. 13 June 7, 1999
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