[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