[Federal Register Volume 61, Number 153 (Wednesday, August 7, 1996)]
[Notices]
[Page 41207]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-20152]
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DEPARTMENT OF THE TREASURY
Proposed Collection; Comment Request for Form 8846
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Department of the Treasury, as part of its continuing
effort to reduce paperwork and respondent burden, invites the general
public and other Federal agencies to take this opportunity to comment
on proposed and/or continuing information collections, as required by
the Paperwork Reduction Act of 1995, Public Law 104-13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning
Form 8846, Credit for Employer Social Security and Medicare Taxes Paid
on Certain Employee Tips.
DATES: Written comments should be received on or before October 7, 1996
to be assured of consideration.
ADDRESSES: Direct all written comments to Garrick R. Shear, Internal
Revenue Service, room 5571, 1111 Constitution Avenue NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Martha R.
Brinson, (202) 622-3869, Internal Revenue Service, room 5571, 1111
Constitution Avenue NW., Washington, DC 20224.
SUPPLEMENTARY INFORMATION:
Title: Credit for Employer Social Security and Medicare Taxes Paid
on Certain Employee Tips.
OMB Number: 1545-1414.
Abstract: Employers in food or beverage establishments where
tipping is customary can claim an income tax credit for the amount of
social security and Medicare taxes paid (employer's share) on tips
employees reported, other than on tips used to meet the minimum wage
requirement. Form 8846 is used by employers to claim the credit and by
IRS to verify that the credit is computed correctly.
Current Actions: Part II of Form 8846, Tax Liability Limit, has
been revised extensively. All of the computations are now made on the
form and in logical order following the provisions of Internal Revenue
Code sections 38 and 45B. The revisions include: Deleting line 8f,
Orphan drug credit because it expired; adding new line 10, Alternative
minimum tax, and new line 14, Enter the greater of line 12 or line 13.
Type of Review: Revision of a currently approved collection.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Respondents: 11,250.
Estimated Time Per Respondent: 7 hr., 10 min.
Estimated Total Annual Burden Hours: 80,663.
The following paragraph applies to all of the collections of
information covered by this notice:
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless the collection of
information displays a valid OMB control number. Books or records
relating to a collection of information must be retained as long as
their contents may become material in the administration of any
internal revenue law. Generally, tax returns and tax return information
are confidential, as required by 26 U.S.C. 6103.
Request for Comments: Comments submitted in response to this notice
will be summarized and/or included in the request for OMB approval. All
comments will become a matter of public record. Comments are invited
on: (a) Whether the collection of information is necessary for the
proper performance of the functions of the agency, including whether
the information shall have practical utility; (b) the accuracy of the
agency's estimate of the burden of the collection of information; (c)
ways to enhance the quality, utility, and clarity of the information to
be collected; (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated
collection techniques or other forms of information technology; and (e)
estimates of capital or start-up costs and costs of operation,
maintenance, and purchase of services to provide information.
Approved: July 25, 1996.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 96-20152 Filed 8-6-96; 8:45 am]
BILLING CODE 4830-01-U
