[Federal Register Volume 78, Number 65 (Thursday, April 4, 2013)]
[Notices]
[Page 20389]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-07839]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

April 1, 2013.
    The Department of the Treasury will submit the following 
information collection request to the Office of Management and Budget 
(OMB) for review and clearance in accordance with the Paperwork 
Reduction Act of 1995, Public Law 104-13, on or after the date of 
publication of this notice.

DATES: Comments should be received on or before May 6, 2013 to be 
assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestion for reducing 
the burden, to (1) Office of Information and Regulatory Affairs, Office 
of Management and Budget, Attention: Desk Officer for Treasury, New 
Executive Office Building, Room 10235, Washington, DC 20503, or email 
at [email protected] and (2) Treasury PRA Clearance Officer, 
1750 Pennsylvania Ave. NW., Suite 8140, Washington, DC 20220, or email 
at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission(s) may be 
obtained by calling (202) 927-5331, email at [email protected], or the 
entire information collection request may be found at www.reginfo.gov.

Internal Revenue Service (IRS)

    OMB Number: 1545-XXXX.
    Type of Review: New Collection.
    Title: Form 8957--Foreign Account Tax Compliance Act (FATCA) 
Registration.
    Form: 8957
    Abstract: Form 8957 is to be used by a foreign financial 
institution to apply for status as a foreign financial institution as 
defined in IRC 1471(b)(2). New Code Section 1471 provides that in the 
case of any withholdable payment to a foreign financial institution 
which does not meet the requirements of new Code section 1471(b), the 
withholding agent with respect to such payment shall deduct and 
withhold from such payment a tax equal to 30% of the amount of such 
payment. Form 8957 is to be used by a foreign financial institution to 
apply for status as a foreign financial institution as defined in IRC 
1471(b)(2). The creation of this new form will result in an estimated 
burden increase of 260,000 responses and 2,116,400 estimated hours.
    Affected Public: Private Sector: Businesses and other For-Profits.
    Estimated Total Burden Hours: 2,116,400.

Robert Dahl,
Treasury PRA Clearance Officer.
[FR Doc. 2013-07839 Filed 4-3-13; 8:45 am]
BILLING CODE 4830-01-P