Notice2023-28448
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Employer's Quarterly Federal Tax Return
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
December 27, 2023
Issuing agencies
Treasury Department
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 (PRA). The IRS is soliciting comments on U.S. Employment Tax Returns and related Forms.
Full Text
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<title>Federal Register, Volume 88 Issue 247 (Wednesday, December 27, 2023)</title>
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[Federal Register Volume 88, Number 247 (Wednesday, December 27, 2023)]
[Notices]
[Pages 89500-89501]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-28448]
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Employer's Quarterly Federal Tax Return
AGENCY: Departmental Offices, U.S. Department of the Treasury.
ACTION: Notice of information collection; request for comment.
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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 (PRA). The IRS is soliciting comments
on U.S. Employment Tax Returns and related Forms.
DATES: Comments should be received on or before January 26, 2024 to be
assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed
information collection should be sent within 30 days of publication of
this notice to <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. Find this particular
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be
obtained from Melody Braswell by emailing <a href="/cdn-cgi/l/email-protection#8ededccfcefafcebeffdfbfcf7a0e9e1f8"><span class="__cf_email__" data-cfemail="2676746766525443475553545f08414950">[email protected]</span></a>, calling
(202) 622-1035, or viewing the entire information collection request at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
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: The burden estimation methodology for employment
tax is being transitioned from the legacy ADL model to the Taxpayer
Burden Model. The changes result in a burden hour estimate of
456,000,000 hours, a decrease in total estimated time burden of
492,967,465 hours. The newly reported total out-of-pocket costs is
$18,910,000,000 and total monetized burden is $33,540,000,000. The
change related to the transition of the burden estimate from the legacy
Arthur D. Little Model methodology to the RAAS Taxpayer Burden Model,
is a one-time change. In addition, changes are being made to the form
to be current with enacted legislation.
Type of Review: Revision of currently approved collections.
Affected Public: Employers.
Estimated Number of Respondents: 7,128,000.
Estimated Hours: 456,000,000.
Estimated Hours per Respondent: approximately 64 hours.
Estimated Out-of-Pocket Costs: $18,910,000,000.
Estimated Out-of-Pocket Cost per Respondent: $2,653.
Estimated Monetized Burden: $33,540,000,000.
Estimated Monetized Burden per Respondent: $4,705.
Fiscal Year (FY) 2023 Burden Total Estimates for Employment Tax Forms, Schedules, and Regulations
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FY2023
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Program Program
Program change due change due change
FY20-22 to adjustment to new due to FY23
legislation agency
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Responses per year............ * 339,405,986 (332,277,986) 0 0 ** 7,128,000
Burden in Hours............... 948,967,465 (492,967,465) 0 0 456,000,000
Monetized Time Burden......... $0 $146,265,620,000 0 0 $146,265,620,000
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Out-of-Pocket Costs........... $0 $18,910,000,000 0 0 $18,910,000,000
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Total Monetized Burden *** $0 $33,540,000,000 0 0 $33,540,000,000
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Source: IRS:RAAS:KDA (04-15-23)
* FY20 responses per year is count of all forms and schedules filed under legacy A.D. Little burden estimate
methodology.
** FY23 responses per year is count of all employers under taxpayer-centric Research, Applied Analytics, and
Statistics (RAAS) burden estimate methodology. This approach is also used for OMB 1545-0074 individuals, 1545-
0123 (business entities), and 1545-0047 (tax-exempt organizations.
*** Total monetized burden = Monetized hours + Out-of-pocket costs.
Note: Reported time and cost burdens are national averages and do not necessarily reflect a ``typical'' case.
Most taxpayers experience lower than average burden, with taxpayer burden varying considerably by taxpayer
type. Detail may not add due to rounding.
(Authority: 44 U.S.C. 3501 et seq.)
Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-28448 Filed 12-26-23; 8:45 am]
BILLING CODE 4830-01-P
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