Proposed Collection; Comment Request for Form 8938, 67166 [2010-27477]
Download as PDF
<![CDATA[
67166
Federal Register / Vol. 75, No. 210 / Monday, November 1, 2010 / Notices
or start-up costs and costs of operation,
maintenance, and purchase of services
to provide information.
Approved: October 25, 2010.
Allan Hopkins,
IRS Tax Analyst.
[FR Doc. 2010–27476 Filed 10–29–10; 8:45 am]
BILLING CODE 4830–01–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Form 8938
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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
8938, Statement of Foreign Financial
Assets.
DATES: Written comments should be
received on or before January 3, 2011 to
be assured of consideration.
ADDRESSES: Direct all written comments
to Gerald Shields, Internal Revenue
Service, Room 6129, 1111 Constitution
Avenue, NW., Washington, DC 20224.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form and instructions
should be directed to Ralph Terry, (202)
622–8144, at Internal Revenue Service,
Room 6129, 1111 Constitution Avenue,
NW., Washington, DC 20224, or through
the Internet at Ralph.M.Terry@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Statement of Foreign Financial
Assets.
OMB Number: 1545–2195.
Form Number: Form 8938.
Abstract: The collection of
information in new Form 8938 will be
the means by which taxpayers will
comply with self-reporting obligations
imposed under section 6038D with
respect to foreign financial assets. The
IRS will use the information to
determine whether to audit this
taxpayer or transaction, including
whether to impose penalties. The
information is also required to begin the
running of the statute of limitations
under section 6501.
mstockstill on DSKH9S0YB1PROD with NOTICES
SUMMARY:
VerDate Mar<15>2010
16:44 Oct 29, 2010
Jkt 223001
Current Actions: There is no change
in the paperwork burden previously
approved by OMB.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
Households.
Estimated Number of Respondents:
350,000.
Estimated Time per Respondent: 1
hour, 05 minutes.
Estimated Total Annual Burden
Hours: 378,000.
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 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.
ACTION:
Notice; correction.
The Department of the
Treasury published a document in the
Federal Register of October 25, 2010,
concerning the designation of two
individuals pursuant to Executive Order
13224 of September 23, 2001, ‘‘Blocking
Property and Prohibiting Transactions
With Persons Who Commit, Threaten To
Commit, or Support Terrorism.’’ The
document contained incorrect dates.
FOR FURTHER INFORMATION CONTACT:
Assistant Director, Compliance
Outreach & Implementation, Office of
Foreign Assets Control, Department of
the Treasury, Washington, DC 20220,
tel.: 202/622–2490.
SUPPLEMENTARY INFORMATION:
SUMMARY:
Electronic and Facsimile Availability
This document and additional
information concerning OFAC are
available from OFAC’s Web site
(https://www.treas.gov/ofac) or via
facsimile through a 24-hour fax-ondemand service, tel.: 202/622–0077.
Correction
In the Federal Register of October 25,
2010, in FR Doc. 2010–26809, on page
65556, in the second column, correct
the DATES caption to read:
DATES: The designation by the Director
of OFAC of the two individuals
identified in this notice, pursuant to
Executive Order 13224, is effective on
October 26, 2010.
On page 65556, in the third column,
correct the second paragraph to read:
On October 26, 2010 the Director of
OFAC, in consultation with the
Departments of State, Homeland
Security, Justice and other relevant
agencies, designated, pursuant to one or
more of the criteria set forth in
subsections 1(b), 1(c) or 1(d) of the
Order, two individuals whose property
and interests in property are blocked
pursuant to Executive Order 13224.
On page 65557, in the first column,
correct the ‘‘Dated’’ caption to read:
Approved: October 25, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
Dated: October 26, 2010.
Adam J. Szubin,
Director, Office of Foreign Assets Control.
[FR Doc. 2010–27477 Filed 10–29–10; 8:45 am]
[FR Doc. 2010–27511 Filed 10–29–10; 8:45 am]
BILLING CODE 4830–01–P
BILLING CODE 4810–AL–P
DEPARTMENT OF THE TREASURY
DEPARTMENT OF THE TREASURY
Office of Foreign Assets Control
Office of Foreign Assets Control
Designation of Two Individuals
Pursuant to Executive Order 13224;
Correction
Unblocking of Two Specially
Designated Nationals Pursuant to
Executive Order 13224
Office of Foreign Assets
Control, Treasury.
AGENCY:
AGENCY:
PO 00000
Frm 00088
Fmt 4703
Sfmt 4703
Office of Foreign Assets
Control, Treasury.
E:\FR\FM\01NON1.SGM
01NON1
]]>Agencies
[Federal Register Volume 75, Number 210 (Monday, November 1, 2010)]
[Notices]
[Page 67166]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-27477]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 8938
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
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 8938, Statement of Foreign Financial Assets.
DATES: Written comments should be received on or before January 3, 2011
to be assured of consideration.
ADDRESSES: Direct all written comments to Gerald Shields, Internal
Revenue Service, Room 6129, 1111 Constitution Avenue, NW., Washington,
DC 20224.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form and instructions should be directed to Ralph Terry,
(202) 622-8144, at Internal Revenue Service, Room 6129, 1111
Constitution Avenue, NW., Washington, DC 20224, or through the Internet
at Ralph.M.Terry@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Statement of Foreign Financial Assets.
OMB Number: 1545-2195.
Form Number: Form 8938.
Abstract: The collection of information in new Form 8938 will be
the means by which taxpayers will comply with self-reporting
obligations imposed under section 6038D with respect to foreign
financial assets. The IRS will use the information to determine whether
to audit this taxpayer or transaction, including whether to impose
penalties. The information is also required to begin the running of the
statute of limitations under section 6501.
Current Actions: There is no change in the paperwork burden
previously approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or Households.
Estimated Number of Respondents: 350,000.
Estimated Time per Respondent: 1 hour, 05 minutes.
Estimated Total Annual Burden Hours: 378,000.
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 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: October 25, 2010.
Gerald Shields,
IRS Supervisory Tax Analyst.
[FR Doc. 2010-27477 Filed 10-29-10; 8:45 am]
BILLING CODE 4830-01-P
