Federal Register #15451529

IRS Seeks Comments on TRAC Agreement Information Collection for Cosmetology and Barber Industry

The Internal Revenue Service (IRS) is seeking public and agency feedback on its information collection process for the Tip Reporting Alternative Commitment (TRAC) Agreement in the cosmetology and barber industry. - Government Buyer: - Department of the Treasury, Internal Revenue Service (IRS) - OEMs and Vendors: - Internal Revenue Service (IRS) is the only entity mentioned - Products/Services Requested: - No products or services are being procured - The request is for public comments on the information collection process related to the TRAC Agreement - No part numbers or quantities specified - Unique or Notable Requirements: - The IRS is gathering input to assess the necessity, accuracy, and burden of its information collection for TRAC Agreements - The focus is on compliance with section 6053(a), requiring employees to report all tips monthly to employers - The notice is issued under the Paperwork Reduction Act to minimize the burden and improve the process - No goods or services are being purchased; this is a request for comments only

Description

The Internal Revenue Service (IRS) is inviting comments on the information collection request related to the Tip Reporting Alternative Commitment (TRAC) Agreement for use in the cosmetology and barber industry. This notice is issued in accordance with the Paperwork Reduction Act of 1995 and aims to gather public and federal agency feedback on the proposed, revised, and continuing collections of information. The TRAC Agreement assists employers and employees in understanding and complying with section 6053(a), which requires employees to report all their tips monthly to their employers. Comments are requested to be submitted by July 13, 2026.

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