Proposed Collection; Comment Request for Form 5884-A

• Published date: 06 April 2021
• Citation: 86 FR 17886
• Record Number: 2021-07004
• Section: Notices
• Court: Internal Revenue Service,Treasury Department

Federal Register, Volume 86 Issue 64 (Tuesday, April 6, 2021)

[Federal Register Volume 86, Number 64 (Tuesday, April 6, 2021)]
                [Notices]
                [Pages 17886-17887]
                From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
                [FR Doc No: 2021-07004]
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                DEPARTMENT OF THE TREASURY
                Internal Revenue Service
                Proposed Collection; Comment Request for Form 5884-A
                AGENCY: Internal Revenue Service (IRS), Treasury.
                ACTION: Notice and request for comments.
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                SUMMARY: The Internal Revenue Service, 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
                continuing information collections, as required by the Paperwork
                Reduction Act of 1995. The IRS is soliciting comments concerning
                employee retention credit for employers affected by qualified disaster.
                DATES: Written comments should be received on or before June 7, 2021 to
                be assured of consideration.
                ADDRESSES: Direct all written comments Kinna Brewington, Internal
                Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
                20224.
                 Requests for additional information or copies of the form should be
                directed to Sara Covington, at (737) 800-6149 or Internal Revenue
                Service, Room 6526, 1111 Constitution Avenue NW, Washington DC 20224,
                or through the internet, at [email protected].
                SUPPLEMENTARY INFORMATION:
                 Title: Employee Retention Credit for Employers Affected by
                Qualified Disasters.
                 OMB Number: 1545-1978.
                 Regulation Project Number: Form 5884-A.
                 Abstract: Form 5884-A is used to figure certain credits for
                disaster area employers. These credits typically include employee
                retention credits for eligible employers who conducted an active trade
                or business in certain disaster areas. The credit is equal to 40
                percent of qualified wages for each eligible employee (up to a maximum
                of $6,000 in qualified wages per employee).
                 Current Actions: The Form is being revised to reflect the new 2020
                qualified disaster employee retention credit. Changes to the burden
                estimates are due to the removal and revising of lines on the form. The
                instructions will direct filers needing to report these credits as to
                which revision of the form to use.
                 Type of Review: Revision of a currently approved collection.
                 Affected Public: Business or other for-profit organizations, and
                farms.
                 Estimated Number of Respondents: 250,000.
                 Estimated Time Per Respondent: 2.55 hours.
                 Estimated Total Annual Burden Hours: 637,500.
                 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
                [[Page 17887]]
                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: March 31, 2021.
                Sara L. Covington,
                IRS Tax Analyst.
                [FR Doc. 2021-07004 Filed 4-5-21; 8:45 am]
                BILLING CODE 4830-01-P