IRS looking for feedback on Roth 401(k) regulation | AccountingWEB

IRS looking for feedback on Roth 401(k) regulation

The Internal Revenue Service is seeking comments on an existing regulation that provides guidance on Roth 401(k) arrangements.

The IRS, as part of an effort to reduce paperwork, wants feedback from the public and federal agencies on continuing to collect information on Roth contributions to cash or deferred arrangements under 401(k) rules.
 
According to the Federal Register, comments are invited on:
  • 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;
  • The accuracy of the agency's estimate of the burden of the collection of information;
  • Ways to enhance the quality, utility, and clarity of the information to be collected;
  • 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
  • Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.
 
Comments are due by October 8, 2010, and should be directed to Gerald Shields, Internal Revenue Service, Room 6129, 1111 Constitution Avenue, NW, Washington, D.C. 20224.
 
 
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