Search Results for keywords:"tax forms"

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Search Results: keywords:"tax forms"

  • Type:Notice
    Citation:90 FR 8170
    Reading Time:about 2 minutes

    The U.S. Department of the Treasury's Internal Revenue Service (IRS) is seeking public comments on proposed information collection related to U.S. Employment Tax Returns and various related forms. This request, part of the IRS's effort to lessen the paperwork burden on taxpayers, falls under the Paperwork Reduction Act of 1995. The IRS aims to gather feedback by February 24, 2025, and the information collected is used to ensure the accuracy of reported employment tax-related activities. The forms are essential for employers to report tax activities, with an estimated 7.4 million respondents spending approximately 63 hours each on compliance.

    Simple Explanation

    The IRS wants to make sure people fill out their work tax forms correctly, and they are asking people for ideas on how to make the forms easier to use. They say it costs a lot of money and time to fill out these forms, but they want your help to make it better.

  • Type:Notice
    Citation:86 FR 10432
    Reading Time:about 3 minutes

    The Internal Revenue Service (IRS) is inviting public comments on two forms related to self-employment taxes: Form 1040-PR and Form 1040-SS. These forms are used by self-employed individuals, including bona fide residents of Puerto Rico, to report their self-employment taxes and claim additional child tax credits. The IRS aims to gather feedback to minimize the paperwork burden and improve the forms. The public can submit their comments until April 20, 2021, and the agency is particularly receptive to suggestions on the necessity, accuracy, and ways to enhance the information collection process.

    Simple Explanation

    The IRS wants to hear people's thoughts on two tax forms that self-employed folks in Puerto Rico use to report their taxes. They're asking for ideas on how to make these forms easier to understand and complete.

  • 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.

  • Type:Notice
    Citation:90 FR 9803
    Reading Time:about 2 minutes

    The Internal Revenue Service (IRS) is inviting public comments on the burden related to Form 13768, the "Electronic Tax Administration Advisory Committee Membership Application," as part of efforts to reduce paperwork and respondent burden. Comments should be submitted by April 21, 2025. The form is being reviewed for renewal, with updates in burden calculations increasing the estimated annual burden by 13 hours. The IRS particularly seeks comments evaluating the collection's necessity, accuracy, quality, and methods to minimize respondent burdens, including technological solutions.

    Simple Explanation

    The IRS wants to know what people think about how much work it takes to fill out a form to join a special tax committee. They're checking to see if they can make it easier and want ideas from everyone by April 21, 2025.