[Federal Register Volume 67, Number 78 (Tuesday, April 23, 2002)]
[Notices]
[Pages 19806-19807]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 02-9668]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form CT-1

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 CT-1, Employer's Annual Railroad Retirement Tax Return.

DATES: Written comments should be received on or before June 24, 2002 
to be assured of consideration.

ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal 
Revenue Service, room 6411, 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 Carol Savage, 
(202) 622-3945, or through the Internet ([email protected].), 
Internal Revenue Service, room 6407, 1111 Constitution Avenue, NW., 
Washington, DC 20224.

SUPPLEMENTARY INFORMATION:
    Title: Employer's Annual Railroad Retirement Tax Return.
    OMB Number: 1545-0001.
    Form Number: Form CT-1.
    Abstract: Railroad employers are required to file an annual return 
to report employer and employee Railroad Retirement Tax Act (RRTA) 
taxes. Form CT-1 is used for this purpose. The IRS uses the information 
to insure that the employer has paid the correct tax.
    Current Actions:
    Changes to Form CT-1:
    The railroad retirement bill, Act section 203(b), repealed the 
supplemental annuity work-hour tax and the special supplemental annuity 
tax (code sections 3221(c) and (d)), effective for years beginning 
after December 31, 2001. Due to the repealed, Part I of Form CT-1, 
lines 1 through 4 and line 18 were deleted along with the safe harbor 
checkbox above line 1. Also, Part II of Form CT-1, the lines for 
Supplemental Annuity Work-Hour Tax each quarter were deleted, and the 
lines for Special Supplemental Annuity Tax for their third quarter were 
deleted.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Businesses or other for-profit organizations, not-
for-profit institutions, and state, local or tribal governments.
    Estimated Number of Respondents: 2,387.
    Estimated Time Per Respondent: 19 hours, 22 minutes.
    Estimated Total Annual Burden Hours: 46,206.
    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

[[Page 19807]]

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: April 11, 2002.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. 02-9668 Filed 4-22-02; 8:45 am]
BILLING CODE 4830-01-M