[Federal Register Volume 87, Number 10 (Friday, January 14, 2022)]
[Notices]
[Pages 2486-2487]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-00644]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Requesting Comments on Forms CT-1 and CT-1X

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 
proposed and/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995. The IRS is soliciting comments 
concerning Form CT-1, Employer's Annual Railroad Retirement Tax Return, 
and Form CT-1X, Adjusted Employer's Annual Railroad Retirement Tax 
Return or Claim for Refund.

DATES: Written comments should be received on or before March 15, 2022 
to be assured of consideration.

ADDRESSES: Direct all written comments to Andres Garcia, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224. You must reference the information collection's title, form 
number, reporting or record-keeping requirement number, and OMB number 
in your comment.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Jon Callahan, 
(737) 800-7639, at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION: The IRS is currently seeking comments 
concerning the following information collection tools, reporting, and 
record-keeping requirements:
    Title: Railroad Retirement Tax Act (Forms CT-1 and CT-1X).
    OMB Number: 1545-0001.
    Form Number: Forms CT-1 and CT-1X.
    Abstract: Form CT-1 is used by railroad employers to report taxes 
imposed by the Railroad Retirement Tax Act (RRTA) and claim eligible 
employer tax credits. The IRS uses the information to ensure that the 
employer has paid the correct tax. Form CT-1X is used to correct 
previously filed Forms CT-1.
    Current Actions: There are changes to the existing collection: The 
IRS has significantly revised the 2021 Forms CT-1 and CT-1X to allow 
for the reporting of new and extended employment tax credits allowed by 
the American Rescue Plan Act of 2021, Public Law 117-2, sections 9501, 
9641, and 9651. The changes to the forms will result in an estimated 
burden increase of 11,534 hours.
    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 Responses: 2,400.
    Estimated Time per Respondent: 26 hours, 5 minutes.
    Estimated Total Annual Burden Hours: 62,589.
    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

[[Page 2487]]

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: January 10, 2022.
Jon R. Callahan,
Tax Analyst.
[FR Doc. 2022-00644 Filed 1-13-22; 8:45 am]
BILLING CODE 4830-01-P