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Federal Register / Vol. 86, No. 32 / Friday, February 19, 2021 / Notices Title: U.S. Self-Employment Tax Return Including the Additional Child Tax Credit for Bona Fide Residents of Puerto Rico.
OMB Number: 15450090.
Form Number: 1040SS.
Abstract: Form 1040SS is used by self-employed individuals to figure and report self-employment tax under IRC
chapter 2 of Subtitle A, and provide credit to the taxpayers social security account. Both of these forms are also used by bona-fide residents of Puerto Rico to claim the additional child tax credit.
Current Actions:
1 Part I: A new line 11 was added, which will be used to enter the deferral of self-employment and household employment taxes as permitted by Section 2302 of the CARES Act Pub. L.
116136.
2 A new Part VII was added, which will be used by filers to figure the maximum amount of self-employment tax that can be deferred. The entire amount of self-employment tax will still be reported on Part V, line 12, and carried to Part I, line 3. The deferral figured in new Part VII will be used in the worksheet in the 2020 Instructions for Form 1040SS to figure the total amount of self-employment and household employment taxes from Schedule H Form 1040 that can be deferred for 2020.
Type of Review: Revision of a currently approved collection.
Affected Public: Individuals or households, Businesses and other forprofit organizations, Farms.
Estimated Number of Respondents:
92,000.
Estimated Time per Respondent: 11
hours, 57 minutes.
Estimated Total Annual Burden Hours: 1,099,400.
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. Comments will be of public record. Comments are invited on: a Whether the collection of information is necessary for the proper
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performance of the functions of the agency, including whether the information has practical utility; b the accuracy of the agencys 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 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 25, 2021.
Martha R. Brinson, Tax Analyst.
FR Doc. 202103376 Filed 21821; 8:45 am BILLING CODE 483001P

DEPARTMENT OF THE TREASURY
Internal Revenue Service Proposed Collection; Comment Request for Form 5309
Internal Revenue Service IRS, Treasury.
ACTION: Notice and request for comments.
AGENCY:

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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Application for Determination of Employee Stock Ownership Plan.
DATES: Written comments should be received on or before April 20, 2021 to be assured of consideration.
ADDRESSES: Direct all written comments to Kinna Brewington, Internal Revenue Service, Room 6526, 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 Martha R. Brinson, at 202 3175753, or at Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet at Martha.R.Brinson@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Application for Determination of Employee Stock Ownership Plan.
OMB Number: 15450284.
Form Number: 5309.
Abstract: Internal Revenue Code section 404a allows employers an income tax deduction for contributions SUMMARY:

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to their qualified deferred compensation plans. Form 5309 is used to request an IRS determination letter about whether the plan is qualified under Code section 409 or 4975e7.
Current Actions: There are no changes being made to the form at this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Businesses or other for-profit organizations.
Estimated Number of Responses:
2,500.
Estimated Time per Response: 10 hrs., 47 mins.
Estimated Total Annual Burden Hours: 26,975.
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. Comments will be 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 has practical utility; b the accuracy of the agencys 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 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 25, 2021.
Martha R. Brinson, Tax Analyst.
FR Doc. 202103375 Filed 21821; 8:45 am BILLING CODE 483001P

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