[Federal Register Volume 79, Number 110 (Monday, June 9, 2014)]
[Notices]
[Pages 33040-33041]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-13420]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Information Collection; Comment Request
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 8957, Foreign Account Tax Compliance Act (FATCA) Registration, and
Form 8966, FATCA Report.
DATES: Written comments should be received on or before August 8, 2014
to be assured of consideration.
ADDRESSES: Direct all written comments to Joe Durbala, Internal Revenue
Service, Room 6129, 1111 Constitution Avenue NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information,
or copies of the information collection and instructions should be
addressed to Allan Hopkins, at Internal Revenue Service, Room 6129,
1111 Constitution Avenue NW., Washington, DC 20224, or through the
Internet, at [email protected].
SUPPLEMENTARY INFORMATION: Title: Form 8957, Application or Foreign
Account Tax Compliance Act (FATCA) Registration, Form 8966, FATCA
Report.
OMB Number: 1545-2246.
Form Numbers: 8957, 8966.
Abstract: The IRS is developed these forms under the authority of
IRC section 1471(b), which was added by PL 111-47, section 501(a).
Section 1471 is part of the new Foreign Account Tax Compliance Act
(FATCA) legislative framework to obtain reporting from
[[Page 33041]]
foreign financial institutions on the accounts held in their
institutions by U.S. persons.
Current Actions: There are no changes being made to these forms at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Business and other for profit and not-for-profit
institutions.
Estimated Number of Respondents: 4,896,800.
Estimated Time per Respondent: 50 minutes.
Estimated Total Annual Burden Hours: 4,063,856.
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 agency's functions, including whether the
information has 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 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: June 2, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014-13420 Filed 6-6-14; 8:45 am]
BILLING CODE 4830-01-P