[Federal Register Volume 86, Number 32 (Friday, February 19, 2021)]
[Notices]
[Pages 10432-10433]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-03376]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Forms 1040-PR and 1040-
SS
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act
of 1995. The IRS is soliciting comments concerning Planilla para la
Declaraci[oacute]n de la Contribuci[oacute]n Federal sobre el Trabajo
por Cuenta Propia (Incluyendo el Cr[eacute]dito Tributario Adicional
por Hijos para Residentes Bona Fide de Puerto Rico) and U.S. Self-
Employment Tax Return (Including the Additional Child Tax Credit for
Bona Fide Residents of Puerto Rico).
DATES: Written comments should be received on or before April 20, 2021
to be assured of consideration.
ADDRESSES: Direct all written comments to Kinna Brewington, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the forms and instructions should be directed to Martha R.
Brinson, at (202) 317-5753, or at Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW, Washington, DC 20224, or through the
internet at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Planilla para la Declaraci[oacute]n de la
Contribuci[oacute]n Federal sobre el Trabajo por Cuenta Propia
(Incluyendo el Cr[eacute]dito Tributario Adicional por Hijos para
Residentes Bona Fide de Puerto Rico).
OMB Number: 1545-0090.
Form Number: 1040-PR.
Abstract: Form 1040-PR is used by self-employed individuals to
figure and report self-employment tax under IRC chapter 2 of Subtitle
A, and provide credit to the taxpayer's social security account. Anejo
H-PR is used to compute household employment taxes and the Form 1040-PR
burden calculation includes this burden of 2,400 responses with 5,376
hours.
Current Actions: There are no changes being made to the form at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, Businesses and other
for-profit organizations, Farms.
Estimated Number of Respondents: 154,860.
Estimated Time per Respondent: 11 hours, 34 minutes.
Estimated Total Annual Burden Hours: 1,792,208.
[[Page 10433]]
Title: U.S. Self-Employment Tax Return (Including the Additional
Child Tax Credit for Bona Fide Residents of Puerto Rico).
OMB Number: 1545-0090.
Form Number: 1040-SS.
Abstract: Form 1040-SS is used by self-employed individuals to
figure and report self-employment tax under IRC chapter 2 of Subtitle
A, and provide credit to the taxpayer's social security account. Both
of these forms are also used by bona-fide residents of Puerto Rico to
claim the additional child tax credit.
Current Actions:
(1) Part I: A new line 11 was added, which will be used to enter
the deferral of self-employment and household employment taxes as
permitted by Section 2302 of the CARES Act (Pub. L. 116-136).
(2) A new Part VII was added, which will be used by filers to
figure the maximum amount of self-employment tax that can be deferred.
The entire amount of self-employment tax will still be reported on Part
V, line 12, and carried to Part I, line 3. The deferral figured in new
Part VII will be used in the worksheet in the 2020 Instructions for
Form 1040-SS to figure the total amount of self-employment and
household employment taxes (from Schedule H (Form 1040)) that can be
deferred for 2020.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals or households, Businesses and other
for-profit organizations, Farms.
Estimated Number of Respondents: 92,000.
Estimated Time per Respondent: 11 hours, 57 minutes.
Estimated Total Annual Burden Hours: 1,099,400.
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.
Comments will be 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 has
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 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: January 25, 2021.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2021-03376 Filed 2-18-21; 8:45 am]
BILLING CODE 4830-01-P