Privacy Act and Paperwork Reduction Act Notice.
We ask for the information on this form to carry out the Internal Revenue laws of the United States. If you want to have your
plan approved by the
IRS, you are required to give us the information. We need it to determine whether you meet the legal requirements for plan
approval. Section 6109
requires you to provide your taxpayer identification number (SSN or EIN). If you fail to provide this information in a timely
manner, you may be
liable for penalties and interest. Routine uses of this information include giving it to the Department of Justice for civil
and criminal litigation,
and cities, states, and the District of Columbia for use in administering their tax laws. We may also disclose this information
to federal and state
or local agencies to enforce federal nontax criminal laws and to combat terrorism. The authority to disclose information to
combat terrorism expired
on December 31, 2003. Legislation is pending that would reinstate this authority.
You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act unless
the form displays a valid
OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may
become material in the
administration of any Internal Revenue law. Generally, tax returns and return information are confidential, as required by
section 6103.
The time needed to complete and file this form will vary depending on individual circumstances. The estimated average time
is:
|
Form 5300 |
Sch. Q (Form 5300) |
Recordkeeping |
41 hr., 7 min. |
6 hr., 13 min. |
Learning about the law or the form |
7 hr., 54 min. |
9 hr., 14 min. |
Preparing the form |
13 hr., 34 min. |
9 hr., 45 min. |
Copying, assembling, and sending the form to the IRS |
1 hr., 20 min. |
|
If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler, we would
be happy to hear from
you. You can write to the Internal Revenue Service, Tax Products Coordinating Committee, SE:W:CAR:MP:T:T:SP, 1111 Constitution
Ave., NW, Washington,
DC 20224.
Do not send any of these forms or schedules to this address. Instead, see Where To File on page 1.