Information is being collected as a
result of legislation (section 206 of the ABLE Act passed Dec. 19,
2014) creating the Certified Professional Employer Organization
(CPEO) designation. This new collection information consists of
creation of new applications; Request for Voluntary IRS
Certification of a Professional Employer (Application and CPEO
Responsible Individual Personal Attestation Form. The applications
will only be used by program applicants and related responsible
individuals. The accompanying Regulations and Revenue Procedures
are currently in draft form and are schedule to be published in the
near future. The application, attestation and supporting
information will be used by IRS to qualify professional employer
organizations to become and remain a Certified Professional
Employer Organization, which entitles them to certain tax benefits.
This certification is renewed annually and the CPEO will submit
annual and quarterly financial statements in addition to supporting
documentation. Responsible individuals will submit annual
attestation forms and fingerprint cards. The burden for the
requirement for quarterly financial information will be in the
regulations. The annual renewal/certification form by which the
information will be reported to the IRS on an ongoing basis is
still in the initial stages of development.
US Code:
26
USC 3511 Name of Law: Certified professional employer
organizations
US Code: 26
USC 7705 Name of Law: Certified professional employer
organizations
US Code: 26 USC 3511 Name of Law: Certified
professional employer organizations
US Code: 26 USC 7705 Name of Law: Certified professional employer
organizations
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.