Form 8932 - Credit for Employer Differential Wage Payments

Forms and Documents

Document Name	Status
Form 8932 Form 8932 - Credit for Employer Differential Wage Payments Form and Instruction	New
ombat2.doc Supplementary Document	2008-10-24
Form 14029 - For Form 8932.pdf Supporting Statement A	2008-10-24

IC Document Collections

IC ID	Document Title	Status
187010	Form 8932 - Credit for Employer Differential Wage Payments Form and Instruction	New

ICR Details

OMB Control No: 1545-2126	ICR Reference No: 200810-1545-031
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: TREAS/IRS	Agency Tracking No: Need approval by 11/30
Title: Form 8932 - Credit for Employer Differential Wage Payments
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 12/31/2008
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/23/2008
	Date Received in OIRA: 10/30/2008
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2009	6 Months From Approved
Responses	21,100	0	0
Time Burden (Hours)	62,456	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: Qualified employers will file Form 8932 to claim the credit for qualified differential wage payments paid to qualified employees after June 17, 2008, and before January 1, 2010. Authorized under I.R.C. section 45P.

Emergency Justfication: P.L. 110-245 section 111 added Code section 45P. Form 8932 is based on IRC 45P. Final version of the form and instructions were finalized within the last two weeks. If not available by 12/31/2008, taxpayers will not be have the ability to file their tax returns until March 2009. Thus, denying the taxpayer a timely refund they are entitled to and adding the additional taxpayer burden of having to file an amended return to claim the credit on their tax return. This credit is a general business credit and is required to be attached to their return.

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Authorizing Statute(s): US Code: 26 USC 45P Name of Law: New section. - 122 Stat. 1634
  

Citations for New Statutory Requirements: PL: Pub.L. 110 - 245 111(a) Name of Law: Heroes Earnings Assistance and Relief Tax Act of 2008

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form 8932 - Credit for Employer Differential Wage Payments	8932	Credit for Employer Differential Wage Payments

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	21,100	0	21,100	0	0	0
Annual Time Burden (Hours)	62,456	0	62,456	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: This is a new form.

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Annual Cost to Federal Government: $5,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 10/30/2008

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