Search Results for keywords:"tax regulation"

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Search Results: keywords:"tax regulation"

  • Type:Notice
    Citation:86 FR 5318
    Reading Time:about 3 minutes

    The Internal Revenue Service (IRS) is requesting comments from the public and federal agencies regarding the collection of information related to withholding tax on certain U.S. income paid to foreign individuals. This effort is part of the IRS's ongoing initiative to reduce paperwork and ease the burden on respondents. The IRS is particularly interested in suggestions for improving the usefulness, clarity, and accessibility of the information collection process. Comments should be submitted by March 22, 2021, and will help the IRS refine and potentially extend its current collection approvals.

    Simple Explanation

    The IRS wants to hear from people about how they collect information from foreigners who pay taxes on money they earn in the U.S., to make it easier for everyone. They hope the suggestions will make the process simple and clear.

  • 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.