📄IRS Notice on Pension Regulations
Proposed Collection; Comment Request for Regulation Project
Summary
The Internal Revenue Service, 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 continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning information collection requirements related to the election of alternative minimum funding standards for community newspaper plans, and special rules for single employer defined benefit pension plans.
Agencies
- Treasury Department
- Internal Revenue Service
Business Impact
$$ - Med
This notice involves compliance and regulatory requirements as it requests public comments on information collections related to pension plans. Business owners need to be aware of the implications of these regulations, particularly for defined benefit pension plans and their funding standards.