Form 14234,Compliance Assurance Process (CAP) Application and Sub Forms:14234-A, 14234-B, 14234-C, 14234-D)

ICR 202302-1545-004

OMB: 1545-2312

Federal Form Document

IC Document Collections
ICR Details
202302-1545-004
Received in OIRA
TREAS/IRS
Form 14234,Compliance Assurance Process (CAP) Application and Sub Forms:14234-A, 14234-B, 14234-C, 14234-D)
New collection (Request for a new OMB Control Number)   Yes
Regular 07/20/2023
  Requested Previously Approved
36 Months From Approved
125 0
1,584 0
0 0

Form 14234, Compliance Assurance Process (CAP) Application is strictly a voluntary program available to Large Business and International Division (LB&I) 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.

US Code: 26 USC 6011 Name of Law: General requirement of return, statement or list.;
  
None

Not associated with rulemaking

  87 FR 62184 10/13/2022
88 FR 44462 07/12/2023
No

  Total Request Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 125 0 0 0 125 0
Annual Time Burden (Hours) 1,584 0 0 0 1,584 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No
Request for New OMB Control number to remove Form 14234 series from 1545-1800.

$13,002
No
    No
    No
No
No
No
No
Cheyl Asnis 732 777-7152 [email protected]

  Yes
 
Agency/Sub Agency RCF ID RCF Title RCF Status IC Title

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
07/20/2023


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