82 FR 49266 - Proposed Collection; Comment Request for Federal Insurance Contributions Act (FICA) Taxation of Amounts Under Employee Benefit Plans (T.D. 8814)
DEPARTMENT OF THE TREASURY
Internal Revenue Service Federal Register Volume 82, Issue 204 (October 24, 2017)
Internal Revenue Service
Federal Register Volume 82, Issue 204 (October 24, 2017)
| Page Range | 49266-49266 | |
| FR Document | 2017-23087 |
[Federal Register Volume 82, Number 204 (Tuesday, October 24, 2017)] [Notices] [Page 49266] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-23087] ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Federal Insurance Contributions Act (FICA) Taxation of Amounts Under Employee Benefit Plans (T.D. 8814) AGENCY: Internal Revenue Service (IRS), Treasury. ACTION: 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning information collection requirements related to the treatment amounts deferred under certain nonqualified deferred compensation plans. ----------------------------------------------------------------------- DATES: Written comments should be received on or before December 26, 2017 to be assured of consideration. ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the regulation should be directed to Taquesha Cain, at (202) 317-8979 room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]. SUPPLEMENTARY INFORMATION: Title: Federal Insurance Contributions Act (FICA) Taxation of Amounts Under Employee Benefit Plans. OMB Number: 1545-1643. Regulation Project Number: T.D. 8814 Abstract: Internal Revenue Code section 3121(v)(2) provides 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 in the paperwork burden previously approved by OMB. Type of Review: Extension of a 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: October 18, 2017. L. Brimmer, Senior Tax Analyst. [FR Doc. 2017-23087 Filed 10-23-17; 8:45 am] BILLING CODE 4830-01-P
![49266 Federal Register / Vol. 82, No. 204 / Tuesday, October 24, 2017 / Notices
maintenance, and purchase of services the Code by section 324 of the Social DEPARTMENT OF THE TREASURY
to provide information. Security Amendments of 1983. These
Approved: October 18, 2017. regulations provide guidance to Internal Revenue Service
L. Brimmer, employers who maintain nonqualified
deferred compensation plans and to Proposed Collection; Comment
Senior Tax Analyst. Request for Regulation Project
participants in those plans.
[FR Doc. 2017–23084 Filed 10–23–17; 8:45 am]
BILLING CODE 4830–01–P
Current Actions: There is no change AGENCY: Internal Revenue Service (IRS),
in the paperwork burden previously Treasury.
approved by OMB. ACTION: Notice and request for
DEPARTMENT OF THE TREASURY Type of Review: Extension of a comments.
currently approved collection.
Internal Revenue Service SUMMARY: The Internal Revenue Service,
Affected Public: Business or other for- as part of its continuing effort to reduce
Proposed Collection; Comment profit organizations and not-for-profit paperwork and respondent burden,
Request for Federal Insurance institutions. invites the general public and other
Contributions Act (FICA) Taxation of Estimated Number of Respondents: Federal agencies to take this
Amounts Under Employee Benefit 2,500. opportunity to comment on continuing
Plans (T.D. 8814) information collections, as required by
Estimated Time per Respondent: 5
AGENCY: Internal Revenue Service (IRS), hours. the Paperwork Reduction Act of 1995.
Treasury. The IRS is soliciting comments
Estimated Total Annual Burden concerning the declaration for federal
ACTION: The Internal Revenue Service Hours: 12,500. employment.
(IRS), as part of its continuing effort to
The following paragraph applies to all DATES: Written comments should be
reduce paperwork and respondent
of the collections of information covered received on or before December 26, 2017
burden, invites the general public and
by this notice: to be assured of consideration.
other Federal agencies to take this
opportunity to comment on proposed An agency may not conduct or ADDRESSES: Direct all written comments
and/or continuing information sponsor, and a person is not required to to L. Brimmer, Internal Revenue
collections, as required by the respond to, a collection of information Service, room 6529, 1111 Constitution
Paperwork Reduction Act of 1995. The unless the collection of information Avenue NW., Washington, DC 20224.
IRS is soliciting comments concerning displays a valid OMB control number. FOR FURTHER INFORMATION CONTACT:
information collection requirements Books or records relating to a collection Requests for additional information or
related to the treatment amounts of information must be retained as long copies of the form should be directed to
deferred under certain nonqualified as their contents may become material Kerry Dennis, at (202) 317–5751,
deferred compensation plans. in the administration of any internal Internal Revenue Service, Room 6529,
revenue law. Generally, tax returns and 1111 Constitution Avenue NW.,
DATES: Written comments should be tax return information are confidential, Washington DC 20224, or through the
received on or before December 26, 2017 as required by 26 U.S.C. 6103. internet, at Kerry.Dennis@irs.gov.
to be assured of consideration. Request for Comments: Comments SUPPLEMENTARY INFORMATION:
ADDRESSES: Direct all written comments submitted in response to this notice will Title: Continuation Sheet for Item #16
to L. Brimmer, Internal Revenue be summarized and/or included in the (Additional Information) OF–306,
Service, Room 6526, 1111 Constitution request for OMB approval. All Declaration for Federal Employment.
Avenue NW., Washington, DC 20224. comments will become a matter of OMB Number: 1545–1921.
FOR FURTHER INFORMATION CONTACT: public record. Comments are invited on: Regulation Project Number: Form
Requests for additional information or (a) Whether the collection of 12114.
copies of the regulation should be information is necessary for the proper Abstract: This form is used by
directed to Taquesha Cain, at (202) 317– performance of the functions of the recruitment personnel of the Covington
8979 room 6526, 1111 Constitution agency, including whether the Host Site. This form is provided to
Avenue NW., Washington, DC 20224, or information shall have practical utility; applicants when completing OF 306,
through the internet at (b) the accuracy of the agency’s estimate Declaration for Federal Employment. It
Taquesha.R.Cain@irs.gov. of the burden of the collection of is used as a continuation sheet to clearly
SUPPLEMENTARY INFORMATION: information; (c) ways to enhance the define additional information that is
Title: Federal Insurance Contributions quality, utility, and clarity of the requested in item 15 of the OF 306. Due
Act (FICA) Taxation of Amounts Under information to be collected; (d) ways to to lack of space on the OF 306 this form
Employee Benefit Plans. minimize the burden of the collection of can be used in lieu of an additional
OMB Number: 1545–1643. information on respondents, including sheet of paper.
Regulation Project Number: T.D. 8814 through the use of automated collection Current Actions: There is no change to
Abstract: Internal Revenue Code techniques or other forms of information this existing regulation.
section 3121(v)(2) provides guidance as technology; and (e) estimates of capital Type of Review: Extension of a
currently approved collection.
asabaliauskas on DSKBBXCHB2PROD with NOTICES
to when amounts deferred under or paid or start-up costs and costs of operation,
from a nonqualified deferred maintenance, and purchase of services Affected Public: Individuals or
compensation plan are taken into to provide information. households.
account as wages for purposes of the Approved: October 18, 2017. Estimated Number of Respondents:
employment taxes imposed by the 24,813.
L. Brimmer,
Federal Insurance Contributions Act Estimated Time per Respondent: 15
(FICA). Section 3121(v)(2), relating to Senior Tax Analyst. minutes.
treatment of certain nonqualified [FR Doc. 2017–23087 Filed 10–23–17; 8:45 am] Estimated Total Annual Burden
deferred compensation, was added to BILLING CODE 4830–01–P Hours: 6,203.
VerDate Sep<11>2014 17:47 Oct 23, 2017 Jkt 244001 PO 00000 Frm 00095 Fmt 4703 Sfmt 4703 E:\FR\FM\24OCN1.SGM 24OCN1](https://thefederalregister.org/doc/82_FR_49470/page/1.svg)
Document Created: 2018-10-25 10:08:09
Document Modified: 2018-10-25 10:08:09
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | 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 proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning information collection requirements related to the treatment amounts deferred under certain nonqualified deferred compensation plans. | |
| Dates | Written comments should be received on or before December 26, 2017 to be assured of consideration. | |
| Contact | Requests for additional information or copies of the regulation should be directed to Taquesha Cain, at (202) 317-8979 room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected] | |
| FR Citation | 82 FR 49266 |
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