[Federal Register Volume 76, Number 109 (Tuesday, June 7, 2011)]
[Notices]
[Page 33026]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-13861]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Information Collection Activity; Proposed Collection
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)).
DATES: Written comments should be received on or before August 8, 2011
to be assured of consideration.
ADDRESSES: Direct all written comments to Yvette Lawrence, Revenue
Service, Room 6129, 1111 Constitution Avenue, NW., Washington, DC
20224.
FOR FURTHER INFORMATION CONTACT: Requests for copies of the regulations
should be directed to R. Joseph Durbala, at Internal Revenue Service,
Room 6129, 1111 Constitution Avenue, NW., Washington, DC 20224, or at
(202) 622-3634, or through the Internet at [email protected].
SUPPLEMENTARY INFORMATION:
Title: Federal Insurance Contributions Act (FICA) Taxation of
Amounts Under Employee Benefits Plan.
OMB Number: 1545-1643.
Regulation Project Number: REG-209484-87 (TD 8814-final).
Abstract: This document contains final regulations under section
3121(v)(2) of the Internal Revenue Code (Code) that provide guidance as
to when amounts deferred under or paid from a nonqualified deferred
compensation plan are taken into account as wages for purposes of the
employment taxes imposed by the Federal Insurance Contributions Act
(FICA). Section 3121(v)(2), relating to treatment of certain
nonqualified deferred compensation, was added to the Code by section
324 of the Social Security Amendments of 1983. These regulations
provide guidance to employers who maintain nonqualified deferred
compensation plans and to participants in those plans.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of currently approved collection.
Affected Public: Business or other for-profit organizations and
not-for-profit institutions.
Estimated Number of Respondents: 2,500.
Estimated Time per Respondent: 5 hours.
Estimated Total Annual Burden Hours: 12,500.
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: May 24, 2011.
Yvette Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011-13861 Filed 6-6-11; 8:45 am]
BILLING CODE 4830-01-P