89 FR 168 pgs. 70253-70255 - Proposed Collection; Comment Request for U.S. Employment Tax Returns and Related Forms; CT-1, CT-1X, CT-2, SS-8, SS-8 (PR), W-2, W-2 AS, W-2 C, W-2 GU, W-2 VI, W-3, W-3 (PR), W-3 C, W-3 C (PR), W-3 SS, 940, 940 (PR), 940 SCH A, 940 SCH A (PR), 940 SCH R, 941, 941 (PR), 941 SCH B, 941 SCH B (PR), 941 SCH D, 941 SCH R, 941 SS, 941 X, 941 X (PR), 943, 943 (PR), 943 A, 943 A (PR), 943 SCH R, 943 X, 943 X (PR), 944, 944 X, 945, 945 A, 945 X, 2032, 2678, 8027, 8027 T, 8453 EMP, 8850, 8879 EMP, 8922, 8952, and...
Type: NOTICEVolume: 89Number: 168Pages: 70253 - 70255
Pages: 70253, 70254, 70255FR document: [FR Doc. 2024-19400 Filed 8-28-24; 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 U.S. Employment Tax Returns and Related Forms; CT-1, CT-1X, CT-2, SS-8, SS-8 (PR), W-2, W-2 AS, W-2 C, W-2 GU, W-2 VI, W-3, W-3 (PR), W-3 C, W-3 C (PR), W-3 SS, 940, 940 (PR), 940 SCH A, 940 SCH A (PR), 940 SCH R, 941, 941 (PR), 941 SCH B, 941 SCH B (PR), 941 SCH D, 941 SCH R, 941 SS, 941 X, 941 X (PR), 943, 943 (PR), 943 A, 943 A (PR), 943 SCH R, 943 X, 943 X (PR), 944, 944 X, 945, 945 A, 945 X, 2032, 2678, 8027, 8027 T, 8453 EMP, 8850, 8879 EMP, 8922, 8952, and 8974
AGENCY:
Internal Revenue Service (IRS), Treasury.
ACTION:
Notice and request for comments.
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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995 (PRA). The IRS is soliciting comments on U.S. Employment Tax Returns and related Forms.
DATES:
Written comments should be received on or before October 28, 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 pra.comments@irs.gov. Include 1545-0029 or U.S. Employment Tax Returns and Related Forms.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or copies of the forms and instructions should be directed to Kerry Dennis, at (202) 317-5751, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet, at Kerry.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
Tax Compliance Burden
Tax compliance burden is defined as the time and money taxpayers spend to comply with their tax filing responsibilities. Time-related activities include recordkeeping, tax planning, gathering tax materials, learning about the law and what you need to do, and completing and submitting the return. Out-of-pocket costs include expenses such as purchasing tax software, paying a third-party preparer, and printing and postage. Tax compliance burden does not include a taxpayer's tax liability, economic inefficiencies caused by sub-optimal choices related to tax deductions or credits, or psychological costs.
Proposed PRA Submission to OMB
Title: U.S. Employment Tax Returns and related Forms.
OMB Number: 1545-0029.
Form Numbers: CT-1, CT-1X, CT-2, SS-8, SS-8 (PR), W-2, W-2 AS, W-2 C, W-2 GU, W-2 VI, W-3, W-3 (PR), W-3 C, W-3 C (PR), W-3 SS, 940, 940 (PR), 940 SCH A, 940 SCH A (PR), 940 SCH R, 941, 941 (PR), 941 SCH B, 941 SCH B (PR), 941 SCH D, 941 SCH R, 941 SS, 941 X, 941 X (PR), 943, 943 (PR), 943 A, 943 A (PR), 943 SCH R, 943 X, 943 X (PR), 944, 944 X, 945, 945 A, 945 X, 2032, 2678, 8027, 8027 T, 8453 EMP, 8850, 8879 EMP, 8922, 8952, and 8974.
Abstract: These forms are used by employers to report their employment tax-related activity. The data is used to verify that the items reported on the forms are correct.
Current Actions: There have been changes in regulatory guidance related to various forms approved under this approval package during the past year. There have been additions and removals of forms included in this approval package. It is anticipated that these changes will have an impact on the overall burden and cost estimates requested for this approval package, however these estimates were not finalized at the time of release of this notice. These estimated figures are expected to be available by the release of the 30-day comment notice from OMB. This approval package is being submitted for renewal purposes.
Type of Review: Revision of currently approved collection.
Affected Public: Employers.
Preliminary Estimated Number of Respondents: 7,271,800.
Preliminary Estimated Time per Respondent (Hours): 63 hours, 48 minutes.
Preliminary Estimated Total Annual Time (Hours): 464,000,000.
Preliminary Estimated Total Annual Monetized Time ($): 14,850,000,000.
Preliminary Estimated Total Out-of-Pocket Costs ($): 19,210,000,000.
Preliminary Estimated Total Monetized Burden ($): 34,060,000,000.
Note:
Total Monetized Burden = Total Out-of-Pocket Costs + Total Annual Monetized Time.
Note:
[top] Amounts below are estimates for fiscal year (FY) 2025. Reported time and cost burdens are national averages and do not
| FY23 | Program change due to adjustment | FY25 | |
|---|---|---|---|
| Number of Respondents | 7,128,000 | 143,800 | 7,271,800 |
| Burden in Hours | 456,000,000 | 8,000,000 | 464,000,000 |
| Monetized Time Burden | $14,630,000,000 | $220,000,000 | $14,850,000,000 |
| Out-of-Pocket Costs | $18,910,000,000 | $300,000,000 | $19,210,000,000 |
| Total Monetized Burden | $33,540,000,000 | $520,000,000 | $34,060,000,000 |
Request for Comments
Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (b) the accuracy of the agency's estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) 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 (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information.
Approved: August 23, 2024.
Kerry Dennis,
Tax Analyst.
Appendix A
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| Form | Title/description | OMB No. |
|---|---|---|
| CT-1 | Employer's Annual Railroad Retirement Tax Return | 1545-0001 |
| CT-1X | Adjusted Employer's Annual Railroad Retirement Tax Return or Claim for Refund | 1545-0001 |
| CT-2 | Employee Representative's Quarterly Railroad Tax Return | 1545-0002 |
| SS-8 | Determination of Worker Status for Purposes of Federal Employment Taxes and Income Tax Withholding | 1545-0004 |
| SS-8 (PR) | Determination of Employee Work Status for Purposes of Federal Employment Taxes and Income Tax (Puerto Rican Version) | 1545-0004 |
| W-2 | Wage and Tax Statement | 1545-0008 |
| W-2 AS | American Samoa Wage and Tax Statement | 1545-0008 |
| W-2 C | Corrected Wage and Tax Statement | 1545-0008 |
| W-2 GU | Guam Wage and Tax Statement | 1545-0008 |
| W-2 VI | U.S. Virgin Islands Wage and Tax Statement | 1545-0008 |
| W-3 | Transmittal of Wage and Tax Statements | 1545-0008 |
| W-3 (PR) | Transmittal of Withholding Statements (Puerto Rican Version) | 1545-0008 |
| W-3 C | Transmittal of Corrected Wage and Tax Statements | 1545-0008 |
| W-3 C (PR) | Transmittal of Corrected Wage and Tax Statements (Puerto Rican Version) | 1545-0008 |
| W-3 SS | Transmittal of Wage and Tax Statements | 1545-0008 |
| 940 | Employer's Annual Federal Unemployment (FUTA) Tax Return | 1545-0028 |
| 940 (PR) | Employer's Annual Federal Unemployment (FUTA) Tax Return (Puerto Rican Version) | 1545-0028 |
| 940 SCH A | Multi-State Employer and Credit Reduction Information | 1545-0028 |
| 940 SCH A (PR) | Multi-State Employer and Credit Reduction Information (Puerto Rican Version) | 1545-0028 |
| 940 SCH R | Allocation Schedule for Aggregate Form 940 Filers | 1545-0028 |
| 941 | Employer's Quarterly Federal Tax Return | *?1545-0029 |
| 941 (PR) | Employer's Quarterly Federal Tax Return | *?1545-0029 |
| 941 SCH B | Report of Tax Liability for Semiweekly Schedule Depositors | *?1545-0029 |
| 941 SCH B (PR) | Supplemental Record of Federal Tax Liability (Puerto Rican Version) | *?1545-0029 |
| 941 SCH D | Report of Discrepancies Caused by Acquisitions, Statutory Mergers, or Consolidations | *?1545-0029 |
| 941 SCH R | Reconciliation for Aggregate Form 941 Filers | *?1545-0029 |
| 941 SS | Employer's QUARTERLY Federal Tax Return (American Samoa, Guam, the Commonwealth of Northern Mariana Islands, and the U.S. Virgin Islands) | *?1545-0029 |
| 941 X | Adjusted Employer's QUARTERLY Federal Tax Return or Claim for Refund | *?1545-0029 |
| 941 X (PR) | Adjusted Employer's QUARTERLY Federal Tax Return or Claim for Refund (Puerto Rico Version) | *?1545-0029 |
| 943 | Employer's Annual Tax Return for Agricultural Employees | 1545-0035 |
| 943 (PR) | Employer's Annual Tax Return for Agricultural Employees (Puerto Rican Version) | 1545-0035 |
| 943 A | Agricultural Employer's Record of Federal Tax Liability | 1545-0035 |
| 943 A (PR) | Agricultural Employer's Record of Federal Tax Liability (Puerto Rican Version) | 1545-0035 |
| 943 R | Allocation Schedule for Aggregate Form 943 Filers | 1545-0035 |
| 943 X | Adjusted Employer's Annual Federal Tax Return for Agricultural Employees or Claim for Refund | 1545-0035 |
| 943 X (PR) | Adjusted Employer's Annual Federal Tax Return for Agricultural Employees or Claim for Refund | 1545-0035 |
| 944 | Employer's ANNUAL Federal Tax Return | 1545-2007 |
| 944 X | Adjusted Employer's ANNUAL Federal Tax Return or Claim for Refund | 1545-2007 |
| 945 | Annual Return of Withheld Federal Income Tax | 1545-1430 |
| 945 A | Annual Record of Federal Tax Liability | 1545-1430 |
| 945 X | Adjusted ANNUAL Return of Withheld Federal Income Tax or Claim for Refund | 1545-1430 |
| 2032 | Contract Coverage Under Title II of the Social Security Act | 1545-0137 |
| 2678 | Employer/Payer Appointment of Agent | 1545-0748 |
| 8027 | Employer's Annual Information Return of Tip Income and Allocated Tips | 1545-0714 |
| 8027 T | Transmittal of Employer's Annual Information Return of Tip Income and Allocated Tips | 1545-0714 |
| 8453 EMP | Employment Tax Declaration for an IRS e-file Return | 1545-0967 |
| 8850 | Pre-Screening Notice and Certification Request for the Work Opportunity Credit | 1545-1500 |
| 8879 EMP | IRS e-file Signature Authorization for Forms 940, 940-PR, 941, 941-PR, 941-SS, 943, 943-PR, 944, and 945 | 1545-0967 |
| 8922 | Third-Party Sick Pay Recap | *?1545-0123 |
| 8952 | Application for Voluntary Classification Settlement Program (VCSP) | 1545-2215 |
| 8974 | Qualified Small Business Payroll Tax Credit for Increasing Research Activities | 1545-0029 |
| *?1545-0123 will not be discontinued. It is the Business collection and 8922 will be included in both the Business collection and the Employment Tax collection. | ||
| *?1545-0029 will not be discontinued it will be the number assigned to all Forms within the employment tax collection. | ||
Appendix B
| Guidance title/description | OMB No. |
|---|---|
| 26 CFR 31.6001-1 Records in general; 26 CFR 31.6001-2 Additional Records under FICA; 26 CFR 31.6001-3, Additional records under Railroad Retirement Tax Act; 26 CFR 31.6001-5 Additional records | 1545-0798 |
| Tip Reporting Alternative Commitment (TRAC) Agreement for Use in the Cosmetology and Barber Industry to Employment Tax | 1545-1529 |
| Reg-111583-07 (TD 9405) (Final)-Employment Tax Adjustments; REG-130074-11-Rules Relating to Additional Medicare Tax | 1545-2097 |
[FR Doc. 2024-19400 Filed 8-28-24; 8:45 am]
BILLING CODE 4830-01-P