80 FR 8136 - Proposed Information Collection; Comment Request

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 30 (February 13, 2015)

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, Form 8966, FATCA Report, Form 8966-C, Cover Sheet for Form 8966 Paper Submissions, Form 8508-I, Request for Waiver From Filing Information Returns Electronically, and Form 8809-I, Application for Extension of Time To File Information Returns.

[Federal Register Volume 80, Number 30 (Friday, February 13, 2015)]
[Notices]
[Page 8136]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-03047]



[[Page 8136]]

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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, 
Form 8966, FATCA Report, Form 8966-C, Cover Sheet for Form 8966 Paper 
Submissions, Form 8508-I, Request for Waiver From Filing Information 
Returns Electronically, and Form 8809-I, Application for Extension of 
Time To File Information Returns.

DATES: Written comments should be received on or before April 14, 2015 
to be assured of consideration.

ADDRESSES: Direct all written comments to Christie Preston, 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 for Foreign Account Tax Compliance 
Act (FATCA) Registration, Form 8966, FATCA Report, Form 8966-C, Cover 
Sheet for Form 8966 Paper Submissions, Form 8508-I, Request for Waiver 
From Filing Information Returns Electronically, and Form 8809-I, 
Application for Extension of Time To File Information Returns.
    OMB Number: 1545-2246.
    Form Numbers: 8957, 8966, 8966-C, 8508-I, 8809-I.
    Abstract: The IRS has developed these forms under the authority of 
IRC section 1471(b), which was added by Public Law 111-47, section 
501(a). Section 1471 is part of the new Foreign Account Tax Compliance 
Act (FATCA) legislative framework to obtain reporting from foreign 
financial institutions on the accounts held in their institutions by 
U.S. persons.

    Title: Cover Sheet for Form 8966 Paper Submissions.
    OMB Number: 1545-2246.
    Form Number: 8966-C.
    Abstract: Form 8966-C is used to authenticate the Form 8966, U.S. 
Income Tax Return for Estates and Trusts, and to ensure the ability to 
identify discrepancies between the number of forms received versus 
those claimed to have been sent by the filer.

    Title: Request for Waiver From Filing Returns Electronically.
    OMB Number: 1545-2246.
    Form Number: 8508-I.
    Abstract: Form 8508-I is used for taxpayers to request a waiver 
from filing Form 8966 electronically.

    Title: Application for Extension of Time To file Information 
Returns.
    OMB Number: 1545-2246.
    Form Number: 8909-I.
    Abstract: Form 8809-I is used to request an initial or additional 
extension of time for file 8966 for the current year.

    Current Actions: There are no changes being made to Forms 8957 and 
8966, However, Forms 8966-C, 8508-I, and 8809-I are new forms.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Business and other for profit and not-for-profit 
institutions.

Form 8966-C

    Estimated Number of Respondents: 1,000.
    Estimated Time per Response: 7 minutes.
    Estimated Total Annual Burden Hours: 120.

Form 8508-I

    Estimated Number of Respondents: 50,000.
    Estimated Time per Response: 4 hrs., 17 minutes.
    Estimated Total Annual Burden Hours: 214,500.

Form 8809-I

    Estimated Number of Respondents: 50,000.
    Estimated Time per Response: 3 hrs., 22 minutes.
    Estimated Total Annual Burden Hours: 168,000.

Totals for This Collection (All Three Forms)

    Estimated Number of Respondents: 101,000.
    Estimated Total Annual Burden Hours: 382,620.
    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.

    Dated: February 9, 2015.
Allan Hopkins,
Tax Analyst.
[FR Doc. 2015-03047 Filed 2-12-15; 8:45 am]
BILLING CODE 4830-01-P