83 FR 8734 - Proposed Collection; Comment Request on Information Collection Tools Relating to the Offshore Voluntary Disclosure Program (OVDP)

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 83, Issue 40 (February 28, 2018)

Page Range		8734-8735
FR Document		2018-04095

The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning the Offshore Voluntary Disclosure Program (OVDP).

Federal Register, Volume 83 Issue 40 (Wednesday, February 28, 2018)

[Federal Register Volume 83, Number 40 (Wednesday, February 28, 2018)]
[Notices]
[Pages 8734-8735]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-04095]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request on Information Collection 
Tools Relating to the Offshore Voluntary Disclosure Program (OVDP)

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act 
of 1995. The IRS is soliciting comments concerning the Offshore 
Voluntary Disclosure Program (OVDP).

DATES: Written comments should be received on or before April 30, 2018 
to be assured of consideration.

ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue 
Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224. 
Please send separate comments for each specific information collection 
listed below. You must reference the information collection's title, 
form number, reporting or record-keeping requirement number, and OMB 
number (if any) in your comment.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the collection tools should be directed to Martha R. Brinson, 
at (202) 317-5753 or at Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet 
at [email protected].

SUPPLEMENTARY INFORMATION: 
    Currently, the IRS is seeking comments concerning the following 
information collection tools, reporting, and record-keeping 
requirements:
    Title: Offshore Voluntary Disclosure Program (OVDP).
    OMB Number: 1545-2241. Form Number(s): 14452, 14453, 14454, 14457, 
14467, 14653, 14654, 14708, 15023.
    Abstract: The IRS is offering people with undisclosed income from 
offshore accounts an opportunity to get current with their tax returns. 
Taxpayers with undisclosed foreign accounts or entities should make a 
voluntary disclosure because it enables them to become compliant, avoid 
substantial civil penalties and generally eliminate the risk of 
criminal prosecution. The objective is to bring taxpayers that have 
used undisclosed foreign accounts and undisclosed foreign entities to 
avoid or evade tax into compliance with United States tax laws. Form 
15023 is part of the Decline and Withdrawal Campaign, related to 
Offshore Voluntary Disclosure Program (OVDI) taxpayers.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of currently approved collection.
    Affected Public: Individuals or households.
    Estimated Number of Responses: 474,569.
    Estimated Time per Respondent: 1 hour 35 mins.
    Estimated Total Annual Burden Hours: 758,138.
    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 functions of the agency, 
including

[[Page 8735]]

whether the information shall have 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 through 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: February 23, 2018.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2018-04095 Filed 2-27-18; 8:45 am]
 BILLING CODE 4830-01-P

8734 Federal Register / Vol. 83, No. 40 / Wednesday, February 28, 2018 / Notices

such as a cargo box or cement mixer, to Comments are invited on: Whether through the internet at
a previously manufactured chassis or the proposed collection of information Martha.R.Brinson@irs.gov.
chassis-cab, and to persons who alter is necessary for the proper performance SUPPLEMENTARY INFORMATION:
previously certified vehicles, other than of the functions of the Department, Currently, the IRS is seeking
by the addition, substitution, or removal including whether the information will comments concerning the following
of readily attachable components such have practical utility; the accuracy of information collection tools, reporting,
as mirrors or tire and rim assemblies, or the Department’s estimate of the burden and record-keeping requirements:
minor finishing operations such as of the proposed information collection; Title: Offshore Voluntary Disclosure
painting, before the first purchase of the ways to enhance the quality, utility and Program (OVDP).
vehicle for purposes other than resale. clarity of the information to be OMB Number: 1545–2241. Form
Description of the Likely Respondents collected; and ways to minimize the Number(s): 14452, 14453, 14454, 14457,
(Including Estimated Number and burden of the collection of information 14467, 14653, 14654, 14708, 15023.
Proposed Frequency of Responses to the on respondents, including the use of Abstract: The IRS is offering people
Collection of Information): The agency automated collection techniques or with undisclosed income from offshore
estimates that it will receive new other forms of information technology. accounts an opportunity to get current
submissions of VIN-deciphering with their tax returns. Taxpayers with
information under part 565 from Jeffrey M. Giuseppe,
Associate Administrator for Enforcement.
undisclosed foreign accounts or entities
approximately 733 manufacturers of should make a voluntary disclosure
motor vehicles per year. The [FR Doc. 2018–03987 Filed 2–27–18; 8:45 am]
because it enables them to become
manufacturers need only submit the BILLING CODE 4910–59–P
compliant, avoid substantial civil
required information on a one-time
penalties and generally eliminate the
basis, with the proviso that they notify
risk of criminal prosecution. The
the agency of any changes in the
DEPARTMENT OF THE TREASURY objective is to bring taxpayers that have
information on file within 30 days from
used undisclosed foreign accounts and
the date that any change in that
Internal Revenue Service undisclosed foreign entities to avoid or
information occurs. In addition, the
evade tax into compliance with United
agency estimates that approximately Proposed Collection; Comment States tax laws. Form 15023 is part of
7,600 manufacturers of motor vehicles Request on Information Collection the Decline and Withdrawal Campaign,
of all types, including manufacturers of Tools Relating to the Offshore
passenger cars, multipurpose passenger related to Offshore Voluntary Disclosure
Voluntary Disclosure Program (OVDP) Program (OVDI) taxpayers.
vehicles, trucks, buses, trailers,
motorcycles and low-speed vehicles, as Current Actions: There is no change
AGENCY: Internal Revenue Service (IRS),
well as incomplete vehicle in the paperwork burden previously
Treasury.
manufacturers, intermediate and final- approved by OMB.
ACTION: Notice and request for Type of Review: Extension of
stage manufacturers of vehicles built in comments.
two or more stages, and vehicle alterers, currently approved collection.
will need to comply with the SUMMARY: The Internal Revenue Service Affected Public: Individuals or
certification labeling requirements of (IRS), as part of its continuing effort to households.
part 567. reduce paperwork and respondent Estimated Number of Responses:
Estimate of the Total Annual burden, invites the general public and 474,569.
Reporting and Recordkeeping Burden of other Federal agencies to take this Estimated Time per Respondent: 1
the Collection of Information: 733 hours opportunity to comment on information hour 35 mins.
for supplying required VIN-deciphering collections, as required by the Estimated Total Annual Burden
information to NHTSA under part 565; Paperwork Reduction Act of 1995. The Hours: 758,138.
88,000 hours for meeting the labeling IRS is soliciting comments concerning The following paragraph applies to all
requirements of part 567. the Offshore Voluntary Disclosure of the collections of information covered
Estimate of the Total Annual Costs of Program (OVDP). by this notice:
the Collection of Information: Assuming An agency may not conduct or
DATES: Written comments should be
that the part 565 information is sponsor, and a person is not required to
received on or before April 30, 2018 to respond to, a collection of information
submitted to the agency’s website by
be assured of consideration. unless the collection of information
company officers or employees
compensated at an average rate of ADDRESSES: Direct all written comments displays a valid OMB control number.
$30.00 per hour, the agency estimates to L. Brimmer, Internal Revenue Books or records relating to a collection
that $21,990 will be expended on an Service, Room 6526, 1111 Constitution of information must be retained as long
annual basis by all manufacturers Avenue NW, Washington, DC 20224. as their contents may become material
required to submit that information (733 Please send separate comments for each in the administration of any internal
hours × $30.00 = $21,990). Additionally, specific information collection listed revenue law. Generally, tax returns and
assuming that it will take an average of below. You must reference the tax return information are confidential,
.005 hours to affix a certification label information collection’s title, form as required by 26 U.S.C. 6103.
to each of the approximately 17,600,000 number, reporting or record-keeping Request for Comments: Comments
vehicles produced each year for sale in requirement number, and OMB number submitted in response to this notice will
the United States, at an average cost of (if any) in your comment. be summarized and/or included in the
sradovich on DSK3GMQ082PROD with NOTICES

$20.00 per hour, the agency estimates FOR FURTHER INFORMATION CONTACT: request for OMB approval. All
that roughly $1,760,000 will be Requests for additional information or comments will become a matter of
expended by all manufacturers to copies of the collection tools should be public record.
comply with the labeling requirements directed to Martha R. Brinson, at (202) Comments are invited on: (a) Whether
of part 567 (17,600,000 vehicles × .005 317–5753 or at Internal Revenue the collection of information is
hours = 88,000 hours; 88,000 hours × Service, Room 6526, 1111 Constitution necessary for the proper performance of
$20.00 = $1,760,000). Avenue NW, Washington, DC 20224, or the functions of the agency, including

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Federal Register / Vol. 83, No. 40 / Wednesday, February 28, 2018 / Notices 8735

whether the information shall have production from marginal wells, which DEPARTMENT OF THE TREASURY
practical utility; (b) the accuracy of the is reflected on Form 8904 and its
agency’s estimate of the burden of the instructions. Tax year 2017 will be the United States Mint
collection of information; (c) ways to first year Form 8904 and its instructions
enhance the quality, utility, and clarity will be released. Renewal of Currently Approved
of the information to be collected; (d) Information Collection: Comment
Current Actions: There are no changes Request for Application for Intellectual
ways to minimize the burden of the being made to Form 8904 at this time.
collection of information on Property Use Forms
respondents, including through the use Type of Review: Extension of a
United States Mint.
AGENCY:
of automated collection techniques or currently approved collection.
Notice and request for
ACTION:
other forms of information technology; Affected Public: Business or other for- comments.
and (e) estimates of capital or start-up profit organizations, Individuals or
costs and costs of operation, households, not-for-profit institutioins, SUMMARY: The Department of the
maintenance, and purchase of services farms, and state, local or tribal Treasury invites the general public and
to provide information. governments. other Federal agencies to take this
Approved: February 23, 2018. Estimated Number of Responses: opportunity to comment on currently
L. Brimmer, 20,000. approved information collection 1525–
0013, as required by the Paperwork
Senior Tax Analyst. Estimated Time per Respondent: 2 Reduction Act of 1995, Public Law 104–
[FR Doc. 2018–04095 Filed 2–27–18; 8:45 am] hrs., 58 mins. 13. The United States Mint, a bureau of
BILLING CODE 4830–01–P the Department of the Treasury, is
Estimated Total Annual Burden
Hours: 59,200. soliciting comments on the United
The following paragraph applies to all States Mint Application for Intellectual
DEPARTMENT OF THE TREASURY
of the collections of information covered Property Use form.
Internal Revenue Service by this notice: DATES: Written comments should be
received on or before April 30, 2018 to
Proposed Collection; Comment An agency may not conduct or be assured of consideration.
Request for Form 8904 sponsor, and a person is not required to
ADDRESSES: Direct all written comments
respond to, a collection of information
to Mary Ann Scharbrough, Office of the
AGENCY: Internal Revenue Service (IRS), unless the collection of information
Director, Executive Secretariat, United
Treasury. displays a valid OMB control number.
States Mint; 801 9th Street NW,
ACTION: Notice and request for Books or records relating to a collection
Washington, DC 20220; (202) 384–5805
comments. of information must be retained as long
(this is not a toll-free number);
as their contents may become material
SUMMARY: The Internal Revenue Service mary.scharbrough@usmint.treas.gov.
in the administration of any internal
(IRS), as part of its continuing effort to FOR FURTHER INFORMATION CONTACT:
revenue law. Generally, tax returns and
reduce paperwork and respondent tax return information are confidential, Requests for additional information or
burden, invites the general public and copies of the information collection
as required by 26 U.S.C. 6103.
other Federal agencies to take this package should be directed to Mary Ann
opportunity to comment on information Request for Comments: Comments Scharbrough, Office of the Director,
collections, as required by the submitted in response to this notice will Executive Secretariat, United States
Paperwork Reduction Act of 1995. The be summarized and/or included in the Mint; 801 9th Street NW, Washington,
IRS is soliciting comments concerning request for OMB approval. All DC 20220; (202) 384–5805 (this is not a
Credit for Oil and Gas Production From comments will become a matter of toll-free number); mary.scharbrough@
Marginal Wells. public record. Comments are invited on: usmint.treas.gov.
(a) Whether the collection of
DATES: Written comments should be SUPPLEMENTARY INFORMATION:
information is necessary for the proper Title: Application for Intellectual
received on or before April 30, 2018 to performance of the functions of the
be assured of consideration. Property Use.
agency, including whether the OMB Number: 1525–0013.
ADDRESSES: Direct all written comments information shall have practical utility;
to L. Brimmer, Internal Revenue Abstract: The application form allows
(b) the accuracy of the agency’s estimate individuals and entities to apply for
Service, Room 6526, 1111 Constitution of the burden of the collection of
Avenue NW, Washington, DC 20224. permissions and licenses to use United
information; (c) ways to enhance the States Mint owned or controlled
FOR FURTHER INFORMATION CONTACT: quality, utility, and clarity of the intellectual property.
Requests for additional information or information to be collected; (d) ways to Current Actions: The United States
copies of the form should be directed to minimize the burden of the collection of Mint reviews and assesses permission
Martha R. Brinson, at (202) 317–5753 or information on respondents, including requests and applications for United
at Internal Revenue Service, Room 6526, through the use of automated collection States Mint intellectual property
1111 Constitution Avenue NW, techniques or other forms of information licenses.
Washington, DC 20224, or through the technology; and (e) estimates of capital Type of Review: Renewal of a
internet at Martha.R.Brinson@irs.gov. or start-up costs and costs of operation, currently approved information
maintenance, and purchase of services
sradovich on DSK3GMQ082PROD with NOTICES

SUPPLEMENTARY INFORMATION: collection.
Title: Credit for Oil and Gas to provide information. Affected Public: Businesses or other
Production From Marginal Wells. Approved: February 23, 2018. for-profit; not-for-profit institutions;
OMB Number: 1545–2278. State, Local, or Tribal Government; and
L. Brimmer,
Form Number: 8904. individuals or households.
Abstract: Public Law 108–357, Title Senior Tax Analyst. Estimated Number of Respondents:
III, Subtitle C, section 341(a) has caused [FR Doc. 2018–04099 Filed 2–27–18; 8:45 am] The estimated number of annual
us to develop a credit for oil and gas BILLING CODE 4830–01–P respondents is 113.

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Document Created: 2018-02-28 03:20:11
Document Modified: 2018-02-28 03:20:11

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		Notice and request for comments.
Dates		Written comments should be received on or before April 30, 2018 to be assured of consideration.
Contact		Requests for additional information or copies of the collection tools should be directed to Martha R. Brinson, at (202) 317-5753 or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at [email protected]
FR Citation		83 FR 8734

83 FR 8734 - Proposed Collection; Comment Request on Information Collection Tools Relating to the Offshore Voluntary Disclosure Program (OVDP)

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 83, Issue 40 (February 28, 2018)

DEPARTMENT OF THE TREASURY
Internal Revenue Service