[Federal Register Volume 88, Number 247 (Wednesday, December 27, 2023)]
[Notices]
[Pages 89500-89501]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[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 www.reginfo.gov/public/do/PRAMain. 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 
www.reginfo.gov.

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
----------------------------------------------------------------------------------------------------------------
                                                     FY2023
-----------------------------------------------------------------------------------------------------------------
                                                                        Program     Program
                                                 Program change due   change due     change
                                    FY20-22         to adjustment       to new       due to          FY23
                                                                      legislation    agency
----------------------------------------------------------------------------------------------------------------
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

[[Page 89501]]

 
Out-of-Pocket Costs...........               $0     $18,910,000,000             0          0     $18,910,000,000
                               ---------------------------------------------------------------------------------
    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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