Paperwork Reduction Act of 1981

Paperwork Reduction Act of 1981 - Amends the Internal Revenue Code to eliminate the requirement that an employer furnish to an individual whose employment has terminated before the close of the calendar year a wage and withholding statement upon the last payment of remuneration. Requires an employer to: (1) furnish a statement within 30 days of receipt of a written request by such employee; and (2) notify the employee in writing of (a) the right to make such request, (b) the withholding of Federal tax, and (c) tax return filing requirements.