SECTION 7. PAPERWORK
Internal Revenue Bulletin 2005-18 · 2026-10-03 edition · updated 2026-10-04 · United States
REDUCTION ACT
The collection of information contained in this revenue procedure has 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 1545–1938. 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.
The collection of information in this revenue procedure is in section 3.04(4). This information is required to notify certain participants of the opportunity to elect retroactively the commencement of benefits. The collection of information is required to obtain a benefit. The likely respondents are retirement plan sponsors, administrators, and trustees.
The estimated total annual reporting and/or recordkeeping burden is 142,500 hours.
The estimated annual burden per respondent/recordkeeper varies from 250 hours to 750 hours, depending on individual circumstances, with an estimated average of 500 hours. The estimated number of respondents and/or recordkeepers is 285. The estimated annual frequency of responses (used for reporting requirements only) is one.
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.
DRAFTING INFORMATION
The principal authors of this revenue procedure are Kathleen J. Herrmann and
2 Pursuant to Notice 2001–42, 2001–2 C.B. 70, the EGTRRA remedial amendment period will not end earlier than December 31, 2005. Announcement 2004–71, 2004–40 I.R.B. 569, includes a proposed revenue procedure which, if finalized, would extend this remedial amendment period.
2005–18 I.R.B. 993 May 2, 2005
Diane S. Bloom of the Employee Plans, Tax Exempt and Government Entities Di
vision. Ms. Herrmann may be reached at (202) 283–9888 (not a toll-free number).
May 2, 2005 994 2005–18 I.R.B.
Get a plain-English answer with a citation back to this text.
Ask AI about this code