Search Results for keywords:"IRS information collection"

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Search Results: keywords:"IRS information collection"

  • Type:Notice
    Citation:86 FR 10437
    Reading Time:about 5 minutes

    The Department of the Treasury has announced that it will submit several information collection requests to the Office of Management and Budget for review under the Paperwork Reduction Act of 1995. These requests include forms for reporting income tax withholding on non-payroll payments, procedures for master and prototype plans, and rules for longevity annuity contracts. Public comments on these requests are invited until March 22, 2021. This notice provides detailed information on the purpose and requirements of each collection, along with estimates of the number of respondents and total annual burden hours.

    Simple Explanation

    The Treasury Department wants to check with people about some forms needed for paying taxes. They are asking people to give their thoughts about these forms by March 22, 2021, to make sure everything is clear and fair.

  • Type:Notice
    Citation:90 FR 6099
    Reading Time:about 2 minutes

    The Department of the Treasury is seeking public comments on several IRS information collection requests that will be reviewed by the Office of Management and Budget. These collections involve energy credits for small wind energy properties and a waiver of the 60-day rollover requirement for certain retirement funds. The public can submit their comments via the website www.reginfo.gov by February 18, 2025, to ensure consideration. The document mentions no changes are being made to the current processes, and it outlines the estimated burden hours for respondents.

    Simple Explanation

    The Treasury Department wants to know what people think about some IRS forms related to energy credits and retirement savings. They want everyone to share their thoughts online before February 18, 2025.

  • Type:Notice
    Citation:86 FR 10002
    Reading Time:about 2 minutes

    The Internal Revenue Service (IRS) is seeking public comments on its ongoing collection of information related to salary reduction simplified employee pension-individual retirement accounts. This request aims to ease the paperwork burden and is in line with the Paperwork Reduction Act of 1995. Comments are invited on various aspects, including the necessity and accuracy of the information collection, ways to enhance it, and methods to reduce the burden on respondents. Written comments should be submitted by April 19, 2021.

    Simple Explanation

    The IRS wants to hear people's thoughts on making the process easier for dealing with retirement savings plans by reducing paperwork. They are asking for ideas on how to make it less time-consuming and more straightforward to understand, and they want these ideas by April 19, 2021.

  • Type:Notice
    Citation:90 FR 10996
    Reading Time:about 9 minutes

    The Department of the Treasury is set to submit several information collection requests to the Office of Management and Budget (OMB) as per the Paperwork Reduction Act of 1995. The requests cover various IRS forms, including forms related to voluntary disclosures, information returns, distributions from retirement plans, foreign tax credits, international boycott reports, and IRA contributions. The Treasury Department invites public comments on these requests within a 30-day period referenced in the notice. The estimated burden hours and respondent numbers vary across different forms and information collections.

    Simple Explanation

    The Treasury Department is asking for permission to collect information using different IRS forms like tax returns and retirement plans, and they want people to tell them what they think about it. They're trying to make sure this paperwork isn't too hard on anyone but it's a bit like figuring out a big puzzle.