Notice2023-24266
Proposed Collection; Requesting Comments on Employer's Annual Federal Unemployment Forms
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
November 3, 2023
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 940, Employer's Annual Federal Unemployment (FUTA) Tax Return, Form 940-PR, Planilla para la Declaraci[oacute]n Federal Anual del Patrono de la Contribuci[oacute]n Federal para el Desempleo (FUTA), and their associated forms and schedules.
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 212 (Friday, November 3, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 212 (Friday, November 3, 2023)]
[Notices]
[Pages 75640-75641]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-24266]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Requesting Comments on Employer's Annual
Federal Unemployment Forms
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. The IRS is soliciting comments
concerning Form 940, Employer's Annual Federal Unemployment (FUTA) Tax
Return, Form 940-PR, Planilla para la Declaraci[oacute]n Federal Anual
del Patrono de la Contribuci[oacute]n Federal para el Desempleo (FUTA),
and their associated forms and schedules.
DATES: Written comments should be received on or before January 2,
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 <a href="/cdn-cgi/l/email-protection#522220337c313d3f3f373c2621123b20217c353d24"><span class="__cf_email__" data-cfemail="265654470845494b4b43485255664f545508414950">[email protected]</span></a>. Include OMB Control No.
1545-0028 in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this collection 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#543e3b3a7a267a37353838353c353a143d26277a333b22"><span class="__cf_email__" data-cfemail="32585d5c1c401c51535e5e535a535c725b40411c555d44">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: The IRS is currently seeking comments
concerning the following information collection tools, reporting, and
record-keeping requirements:
Title: Employer's Annual Federal Unemployment (FUTA) Tax Return.
OMB Number: 1545-0028.
Form Numbers: Form 940, Form 940-PR, Form 940-V, Form 940-V (PR),
Schedule A (Form 940), Schedule R (Form 940), and Anexo A (Formulario
940-PR).
Abstract: Internal Revenue Code section 3301 imposes a tax on
employers based on the first $7,000 of taxable wages paid to each
employee. The tax is computed and reported on Forms 940 and 940-PR
(Puerto Rico employers only). The IRS uses the information on Forms 940
and 940-PR to ensure that employers have reported and figured the
correct FUTA wages and tax.
Current Actions: There is no change to the existing collection.
However, the estimated number of responses has been updated based on
current filing data. Corrections were also made to the burden
calculations for the 940-PR forms and schedules.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations,
individuals, or households, and farms.
Estimated Number of Responses: 7,128,700.
Estimated Time Per Respondent: 12 hours, 22 minutes.
Estimated Total Annual Burden Hours: 88,115,561.
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
[[Page 75641]]
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: October 30, 2023.
Jon R. Callahan,
Senior Tax Analyst.
[FR Doc. 2023-24266 Filed 11-2-23; 8:45 am]
BILLING CODE 4830-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on November 3, 2023.
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.