Search Results for citation:"86 FR 9998"

Found 2 results

Search Results: citation:"86 FR 9998"

💰 Only
Oldest Newest
  • 2021-03135 — Proposed Collection; Comment Request for Form 8804-C and TD 9394
    Type:Notice
    Citation:86 FR 9998
    Reading Time:about 3 minutes

    The Internal Revenue Service (IRS) is seeking public comments on two information collections related to reducing withholding tax under Section 1446. These are Form 8804-C, which allows foreign partners to potentially reduce or eliminate their share of withholding tax, and TD 9394, which includes final regulations for partnerships to consider certain deductions and losses for the same purpose. The IRS is requesting feedback by April 19, 2021, as part of their ongoing efforts to minimize paperwork and respondent burden.

    Simple Explanation

    The IRS wants people to tell them what they think about a form that could help some partners pay less tax when they make money from businesses in the U.S. They are checking to see if filling it out is too hard or if it's working well.

  • 2021-03137 — Proposed Collection; Comment Request for TD 8706
    Type:Notice
    Citation:86 FR 9998
    Reading Time:about 2 minutes

    The Internal Revenue Service (IRS), part of the Treasury Department, has announced a request for public comments in its effort to reduce paperwork and respondent burden, focusing on the Electronic Filing of Form W-4. This notice invites feedback from the public and federal agencies about the current information collection required by the IRS, which is crucial for verifying compliance with certain regulations for electronic filing of withholding exemption certificates. Comments are encouraged by April 19, 2021, to ensure they are considered. It notes the estimated burden on respondents and the nature of organizations affected, emphasizing the importance of maintaining confidentiality according to tax laws.

    Simple Explanation

    The IRS wants people to tell them what they think about sending in a form called W-4 using a computer instead of paper. They want to make sure it's not too hard for people to do, and they want everyone to feel their information will be kept safe.