88 FR 229 pgs. 83620-83621 - Proposed Collection; Comment Request for Form 8941
Type: NOTICEVolume: 88Number: 229Pages: 83620 - 83621
Pages: 83620, 83621FR document: [FR Doc. 2023–26371 Filed 11–29–23; 8:45 am]
Agency: Treasury Department
Sub Agency: Internal Revenue Service
Official PDF Version: PDF Version
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8941
AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Notice and request for comments.
SUMMARY:
The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Credit for Small Employer Health Insurance Premiums.
DATES:
Written comments should be received on or before January 29, 2024 to be assured of consideration.
ADDRESSES:
Direct all written comments to Andres Garcia, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or by email to pra.comments@irs.gov. Include "OMB Number 1545-2198-Credit for Small Employer Health Insurance Premiums" in the subject line of the message.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or copies of this collection should be directed to
Martha R. Brinson, at (202)317-5753, or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Credit for Small Employer Health Insurance Premiums.
OMB Number: 1545-2198.
Form Number: 8941.
Abstract: Section 1421 of the Patient Protection and Affordable Care Act, Public Law 111-148, allows qualified small employers to elect, beginning in 2010, a tax credit for 50% of their employee health care coverage expenses. Form 8941, Credit for Small Employer Health Insurance Premiums, has been developed to help employers compute the tax credit.
Current Actions: There are no changes being made to this form at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, Business or other for-profit groups, Not-for-profit institutions, Farms, Federal Government, State, Local, or Tribal Governments.
Estimated Number of Respondents: 181,000.
Estimated Time per Respondent: 11 hours 15 minutes.
Estimated Total Annual Burden Hours: 2,036,250.
The following paragraph applies to all of the collections of information covered by this notice:
[top] An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103. Request for comments: Comments submitted in response to this notice will be summarized and/or included in the
Approved: November 23, 2023.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2023-26371 Filed 11-29-23; 8:45 am]
BILLING CODE 4830-01-P