Treasury should seek public comment on this information collect via the normal PRA process prior to the expiration of this emergency 6-month approval.
OMB understands that the IRS is currently in the process of revising the methodology it uses to estimate burden and costs. OMB expects that future ICRs under this OMB control number will include dollar estimates of annual burden costs to taxpayers calculated using this revised methodology.
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
09/30/2021
6 Months From Approved
02/29/2024
135,884
0
135,884
2,669,530
0
2,168,681
0
0
0
Form 944, Employer's ANNUAL Federal Tax Return, is designed so the smallest employers (those whose annual liability for social security, Medicare, and withheld federal income taxes is $1,000 or less) will file and pay these taxes only once a year instead of every quarter. Form 944 is also provided in Spanish, Form 944(SP). Employers who discover they under or over withheld income taxes from wages or social security or Medicare tax in a prior year use Form 944-X to report those taxes and either make a payment, claim a refund, or request an abatement. Form 944-X is also available in Spanish, Form 944-X(SP).
This is the first circulation of a draft of Form 944-X that can be filed for the 2020 revision of Form 944. Form 944-X is being revised consistent with
the changes to Form 944. The 2020 Form 944 was substantially revised to allow the reporting of the new credit for qualified sick and family leave
wages, the employee retention credit, and the deferral of the employer and employee share of social security tax.
US Code:
26 USC 6011
Name of Law: General requirement of return, statement, or list
Form 944-X and 944-X (SP) are being revised consistent with the changes to Form 944. The Instructions for Form 944-X are being revised for 2020 to allow for the reporting of the new credit for qualified sick and family leave wages, the employee retention credit, and the deferral of the employer and employee share of social security taxes. Additional lines are added to report changes to the qualified sick and family leave credit, the employee retention credit, the employee share of deferred social security tax, and the employer share of deferred social security tax. Editorial changes and lines to report the totals, and request additional information related to the new credits were also added.
The above changes will result in an overall burden program change increase of 15,660 hours.
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.
Employer's Annual Employment Tax Return