Instructions for Form 5307 - Notices

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.

We may also disclose this information to other countries under a tax treaty, or to federal and state or local agencies to enforce federal nontax criminal laws and to combat terrorism. 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 5307 Sch. Q (Form 5300)
Recordkeeping 28 hr., 27 min. 6 hr., 13 min.
Learning about the law or the form 7 hr., 28 min. 9 hr., 14 min.
Preparing the form 13 hr., 51 min. 9 hr., 45 min.
Copying, assembling, and sending the form to the IRS 1 hr., 36 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 Tax Products Coordinating Committee, SE:W:CAR:MP:T:T:SP, 1111 Constitution Ave. NW, IR-6526, Washington, D.C. 20224.

Do not send any of these forms or schedules to this address. Instead, see Where To File on page 1.

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