[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