Instructions for Form 5307 - Introductory Material
This is archived information that pertains only to the 2006 Tax Year. If you
are looking for information for the current tax year, go to the Tax Prep Help Area.
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.
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:
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 Forms Committee,
Western Area Distribution Center, Rancho Cordova, CA 95743–0001.
Do not send any of these forms or schedules to this
address. Instead, see Where To File on page 2.
Public Inspection.
Form 5307 is open to public inspection if there are more than 25
plan participants. The total number of participants must be shown on
line 4e. See the instructions for line 4e for a definition of
participant.
Disclosure Request by Taxpayer.
The Tax Reform Act of 1976 permits a taxpayer to request the IRS to
disclose and discuss the taxpayer's return and/or return information
with any person(s) the taxpayer designates in a written request. Use
Form 2848, Power of Attorney and Declaration of
Representative, for this purpose.
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The form and the instructions have undergone revisions in
the format and the information required. Review these documents
before completing the application.
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Complete Schedule Q (Form 5300), Elective
Determination Requests, if you want to broaden the scope of a
determination letter by requesting a determination that your plan
satisfies certain qualification requirements relating to minimum
participation, coverage, and nondiscrimination. Schedule Q is no
longer mandatory.
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Completion of page 3 of Form 5307 is also optional. Complete
page 3 for: (a) a request for a determination regarding the
ratio percentage test under Regulations section 1.410(b)-2(b)(2),
(b) a determination regarding one of the special
requirements under Regulations section 1.410(b)-2(b)(5), (6), or (7),
or (c) a request for a determination regarding the
nondiscrimination design-based safe harbors of section 401(a)(4).
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The former regional prototype program has merged into the
"Master or Prototype Program" (M&P). See Rev. Proc. 2000-20,
2000-6 I.R.B. 553 regarding the restructuring of the prototype
approval process.
How To Get Forms
and Publications
Personal computer.
You can access the IRS Web Site 24 hours a day, 7 days a week at
www.irs.gov to:
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Download forms, instructions, and publications.
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See answers to frequently asked tax questions.
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Search publications on-line by topic or keyword.
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Send us comments or request help by e-mail.
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Sign up to receive local and national tax news by
e-mail.
You can also reach us using file transfer protocol at
ftp.irs.gov.
CD-ROM.
Order
Pub. 1796, Federal Tax Products on CD-ROM, and
get:
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Current year forms, instructions, and publications.
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Prior year forms, instructions, and publications.
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Popular tax forms that may be filled in electronically,
printed out for submission, and saved for recordkeeping.
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The Internal Revenue Bulletin.
Buy the CD-ROM on the Internet at
www.irs.gov/cdorders
from the National Technical Information Service (NTIS) for $21 (plus a
$5 handling fee).
By phone and in person.
You can order forms and publications 24 hours a day, 7 days a week,
by calling
1-800-TAX- FORM (1-800-829-3676). You can also
get most forms and publications at your local IRS office.
For questions regarding this form, call the Employee Plans Customer
Service, toll-free, at 1-877-829-5500 between 8:00 a.m. and 9:30 p.m.
eastern time.
