[Federal Register Volume 75, Number 235 (Wednesday, December 8, 2010)]
[Notices]
[Page 76521]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-30733]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 5884-B
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)). Currently, the IRS is soliciting comments concerning
Form 5884-B, New Hire Retention Credit.
DATES: Written comments should be received on or before February 7,
2011 to be assured of consideration.
ADDRESSES: Direct all written comments to Allan Hopkins, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to R. Joseph
Durbala, (202) 622-3634, at Internal Revenue Service, Room 6129, 1111
Constitution Avenue, NW., Washington, DC 20224, or through the Internet
at [email protected].
SUPPLEMENTARY INFORMATION:
Title: New Hire Retention Credit.
OMB Number: 1545-XXXX.
Form Number: Form 5884-B.
Abstract: Form 5884-B, New Hire Retention Credit, was developed to
carry out the provisions of section 102 of the Hiring Incentives to
Restore Employment (HIRE) Act (Public Law (Pub. L.) 111-147). The new
form provides a means for employers to calculate and claim the credit.
This credit is a new non-Code general business credit and the form is
required to be attached to the tax return.
Current Actions: This is a new form developed to comply with the
Hiring Incentives to Restore Employment (HIRE) Act (Public Law (Pub.
L.) 111-147). This form is being submitted for OMB approval.
Type of Review: New collection.
Affected Public: Individuals or households, Business or other for-
profit groups, Not-for-profit institutions, Farms, Federal Government,
State, Local, or Tribal Governments.
Estimated Number of Respondents: 1,125,000.
Estimated Time Per Respondent: 12 hours 17 minutes.
Estimated Total Annual Burden Hours: 13,815,000.
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: December 1, 2010.
Allan Hopkins,
IRS Reports Clearance Officer.
[FR Doc. 2010-30733 Filed 12-7-10; 8:45 am]
BILLING CODE 4830-01-P