[Federal Register Volume 79, Number 158 (Friday, August 15, 2014)]
[Notices]
[Pages 48295-48296]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-19354]


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DEPARTMENT OF THE TREASURY


Submission for OMB Review; Comment Request

August 12, 2014.
    The Department of the Treasury will submit the following 
information

[[Page 48296]]

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 September 15, 2014 to 
be assured of consideration.

ADDRESSES: Send comments regarding the burden estimate, or any other 
aspect of the information collection, including suggestions 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 8141, Washington, 
DC 20220, or email at [email protected].

FOR FURTHER INFORMATION CONTACT: Copies of the submission may be 
obtained by emailing [email protected], calling (202) 622-1295, or 
viewing the entire information collection request at www.reginfo.gov.

Internal Revenue Service (IRS)

    OMB Number: 1545-1800.
    Type of Review: Extension without change of a currently approved 
collection.
    Title: Form 8886, Reportable Transaction Disclosure Statement; Form 
14234, Pre-CAP and CAP Application Form.
    Form: Form 8886, Form 14234.
    Abstract: Form 8886 is used to disclose information for each 
reportable transaction in which a taxpayer participated, as described 
in 26 CFR 1.6011-4. Form 14234 is the application for the Compliance 
Assurance Process (CAP), a strictly voluntary program available to 
Large Business and International (LB&I) Division taxpayers that meet 
the selection criteria. CAP is a real-time review of completed business 
transactions during the CAP year with the goal of providing certainty 
of the tax return within 90 days of the filing. Taxpayers in CAP are 
required to be cooperative and transparent and report all material 
issues and items related to completed business transactions to the 
review team.
    Affected Public: Businesses or other for-profits.
    Estimated Annual Burden Hours: 913,698.

Brenda Simms,
Treasury PRA Clearance Officer.
[FR Doc. 2014-19354 Filed 8-14-14; 8:45 am]
BILLING CODE 4830-01-P