Notice2022-00644
Proposed Collection; Requesting Comments on Forms CT-1 and CT-1X
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 14, 2022
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
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. The IRS is soliciting comments concerning Form CT-1, Employer's Annual Railroad Retirement Tax Return, and Form CT-1X, Adjusted Employer's Annual Railroad Retirement Tax Return or Claim for Refund.
Full Text
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<title>Federal Register, Volume 87 Issue 10 (Friday, January 14, 2022)</title>
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[Federal Register Volume 87, Number 10 (Friday, January 14, 2022)]
[Notices]
[Pages 2486-2487]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-00644]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Requesting Comments on Forms CT-1 and CT-1X
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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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. The IRS is soliciting comments
concerning Form CT-1, Employer's Annual Railroad Retirement Tax Return,
and Form CT-1X, Adjusted Employer's Annual Railroad Retirement Tax
Return or Claim for Refund.
DATES: Written comments should be received on or before March 15, 2022
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. You must reference the information collection's title, form
number, reporting or record-keeping requirement number, and OMB number
in your comment.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Jon Callahan,
(737) 800-7639, at Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet
at <a href="/cdn-cgi/l/email-protection#167c797838643875777a7a777e7778567f646538717960"><span class="__cf_email__" data-cfemail="58323736762a763b3934343930393618312a2b763f372e">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: The IRS is currently seeking comments
concerning the following information collection tools, reporting, and
record-keeping requirements:
Title: Railroad Retirement Tax Act (Forms CT-1 and CT-1X).
OMB Number: 1545-0001.
Form Number: Forms CT-1 and CT-1X.
Abstract: Form CT-1 is used by railroad employers to report taxes
imposed by the Railroad Retirement Tax Act (RRTA) and claim eligible
employer tax credits. The IRS uses the information to ensure that the
employer has paid the correct tax. Form CT-1X is used to correct
previously filed Forms CT-1.
Current Actions: There are changes to the existing collection: The
IRS has significantly revised the 2021 Forms CT-1 and CT-1X to allow
for the reporting of new and extended employment tax credits allowed by
the American Rescue Plan Act of 2021, Public Law 117-2, sections 9501,
9641, and 9651. The changes to the forms will result in an estimated
burden increase of 11,534 hours.
Type of Review: Revision of a currently approved collection.
Affected Public: Businesses or other for-profit organizations, not-
for-profit institutions, and state, local or tribal governments.
Estimated Number of Responses: 2,400.
Estimated Time per Respondent: 26 hours, 5 minutes.
Estimated Total Annual Burden Hours: 62,589.
The following paragraph applies to all of the collections of
information covered by this notice:
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 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 shall 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
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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: January 10, 2022.
Jon R. Callahan,
Tax Analyst.
[FR Doc. 2022-00644 Filed 1-13-22; 8:45 am]
BILLING CODE 4830-01-P
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This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.