Reg-111583-07(TD 9405)(Final) -- Employment Tax Adjustments; REG-130074-11 - Rules Relating to Additional Medicare Tax

ICR 201312-1545-002

OMB: 1545-2097

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2013-03-18
IC Document Collections
ICR Details
1545-2097 201312-1545-002
Historical Active 201012-1545-023
TREAS/IRS 1545-BK54
Reg-111583-07(TD 9405)(Final) -- Employment Tax Adjustments; REG-130074-11 - Rules Relating to Additional Medicare Tax
Revision of a currently approved collection   No
Regular
Approved without change 12/05/2013
Retrieve Notice of Action (NOA) 12/05/2013
  Inventory as of this Action Requested Previously Approved
07/31/2016 36 Months From Approved 05/31/2014
3,400,000 0 1,500,000
16,900,000 0 15,000,000
0 0 0

This document contains proposed amendments to regulations relating to employment tax adjustments and employment tax refund claims. These proposed amendments modify the process for making interest-free adjustments for both underpayments and overpayments of Federal Insurance Contributions Act (FICA) and Railroad Retirement Tax Act (RRTA) taxes and federal income tax withholding (ITW) under sections 6205(a) and 6413(a), respectively, of the Internal Revenue Code (Code).

US Code: 26 USC 6413(a) Name of Law: Special rules applicable to certain employment taxes
   US Code: 26 USC 6205(a) Name of Law: Special rules applicable to certain employment taxes
  
PL: Pub.L. 111 - 148 9015 Name of Law: Patient Protection and Affordable Care Act
PL: Pub.L. 111 - 152 1402(b) Name of Law: Health Care and Education Reconciliation Act of 2010

1545-BK54 Final or interim final rulemaking 78 FR 71468 11/29/2013

No

2
IC Title Form No. Form Name
REG-130074-11 - Rules Relating to Additional Medicare Tax
Employment Tax Adjustments

  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 3,400,000 1,500,000 1,900,000 0 0 0
Annual Time Burden (Hours) 16,900,000 15,000,000 1,900,000 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Treasury Decision 9405, which included a collection of information in the regulations under sections 6011, 6205, 6402, and 6413. Treasury Decision 9405 modified the processes for making interest-free adjustments and claiming refunds of employment taxes under sections 6205, 6413, and 6402, and reflected changes in return requirements under section 6011. The collection of information in Treasury Decision 9405 affected only employers, rather than individual taxpayers. REG-130074-11, Rules Relating to Additional Medicare Tax, proposes to amend the regulations under 6011, 6205, 6402, and 6413 to reflect changes in return requirements and the interest-free adjustment and claims processes for the new Additional Medicare Tax, as added by the Affordable Care Act. While the collection of information in REG-130074-11 is not new (i.e., the current regulations already require the collection of information), it will be expanded to cover the new Additional Medicare Tax. The most significant change from the approved collection (i.e., OMB 1545-2097) regards the proposed regulations under section 6011, which direct individual taxpayers to report Additional Medicare Tax on their individual tax returns. In light of the change to the section 6011 regulations, we expect the number of respondents and responses to increase by 1,900,000 (this is the estimated number of individuals that could be subject to Additional Medicare Tax); the total number of responses is now 3,400,000. We estimate the burden hours to be 16,900,000.

$0
No
No
Yes
No
No
Uncollected
Ligeia Donis 202 622-0047 [email protected]

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
03/21/2013


© 2024 OMB.report | Privacy Policy