[Federal Register Volume 88, Number 212 (Friday, November 3, 2023)]
[Notices]
[Pages 75640-75641]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-24266]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Requesting Comments on Employer's Annual 
Federal Unemployment Forms

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

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 940, Employer's Annual Federal Unemployment (FUTA) Tax 
Return, Form 940-PR, Planilla para la Declaraci[oacute]n Federal Anual 
del Patrono de la Contribuci[oacute]n Federal para el Desempleo (FUTA), 
and their associated forms and schedules.

DATES: Written comments should be received on or before January 2, 
2024] 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, or by email to [email protected]. Include OMB Control No. 
1545-0028 in the subject line of the message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this collection 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: Employer's Annual Federal Unemployment (FUTA) Tax Return.
    OMB Number: 1545-0028.
    Form Numbers: Form 940, Form 940-PR, Form 940-V, Form 940-V (PR), 
Schedule A (Form 940), Schedule R (Form 940), and Anexo A (Formulario 
940-PR).
    Abstract: Internal Revenue Code section 3301 imposes a tax on 
employers based on the first $7,000 of taxable wages paid to each 
employee. The tax is computed and reported on Forms 940 and 940-PR 
(Puerto Rico employers only). The IRS uses the information on Forms 940 
and 940-PR to ensure that employers have reported and figured the 
correct FUTA wages and tax.
    Current Actions: There is no change to the existing collection. 
However, the estimated number of responses has been updated based on 
current filing data. Corrections were also made to the burden 
calculations for the 940-PR forms and schedules.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses or other for-profit organizations, 
individuals, or households, and farms.
    Estimated Number of Responses: 7,128,700.
    Estimated Time Per Respondent: 12 hours, 22 minutes.
    Estimated Total Annual Burden Hours: 88,115,561.
    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 75641]]

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: October 30, 2023.
Jon R. Callahan,
Senior Tax Analyst.
[FR Doc. 2023-24266 Filed 11-2-23; 8:45 am]
BILLING CODE 4830-01-P