Search Results for citation:"86 FR 6417"

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Search Results: citation:"86 FR 6417"

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  • 2021-01169 — Proposed Collection; Comment Request for Form 1099-A
    Type:Notice
    Citation:86 FR 6417
    Reading Time:about 2 minutes

    The Internal Revenue Service (IRS) is seeking public comments on information collections related to Form 1099-A, which deals with the acquisition or abandonment of secured property. This initiative is part of the IRS's ongoing efforts to reduce paperwork and the burden on respondents in compliance with the Paperwork Reduction Act of 1995. The estimated number of responses has decreased to 466,000, and this change will reduce the total annual burden hours. Comments are welcome on the necessity, accuracy, and potential improvements in the information collection process.

    Simple Explanation

    The IRS wants people to tell them what they think about a form that helps track when property is taken or given up, to see if using the form can be made easier. They notice fewer people are using it and want to know why, but they also remind everyone that their feedback will be shared publicly.

  • 2021-01121 — Multiemployer Pension Plan Application To Reduce Benefits
    Type:Notice
    Citation:86 FR 6417
    Reading Time:about 2 minutes

    The Board of Trustees of the American Federation of Musicians & Employers Pension Fund has applied to reduce benefits, as per the Multiemployer Pension Reform Act of 2014. This application has been published on the Treasury Department's website. The Department of the Treasury is requesting public comments on the application from interested parties like participants, beneficiaries, and contributing employers. Comments need to be submitted by March 8, 2021, either electronically via the Federal eRulemaking Portal or by mail to the Treasury Department.

    Simple Explanation

    The people in charge of taking care of musicians' retirement money want to change how much money people get. They're asking everyone to say what they think about this change before March 8, 2021.