Revocation of Consent to Share Federal Tax Information Form
New collection (Request for a new OMB Control Number)
No
Regular
Approved without change
08/11/2023
07/03/2023
table that charts list comparision
Inventory as of this Action
Requested
Previously Approved
08/31/2026
36 Months From Approved
15,300
0
0
518
0
0
0
0
0
The FUTURE Act allows Federal Student Aid to receive customersâ federal tax information (FTI) from the Internal Revenue Service (IRS) through the Internal Revenue Code § 6103 for the purposes of administering the Free Application for Federal Student Aid (FAFSA®) form, and income-driven repayment (IDR) plans. Since customers will be required to provide consent for this process, we also need to provide an option for them to revoke consent. This is a request for a new information collection for the form which will allow individuals to revoke previous consent for FTI for the purposes of administration of title IV, Higher Education Act of 1965, as amended, student financial aid activities. The paper form is an alternative option to the web flow to revoke consent for the IDR application. There has been a change in the burden estimate. The revocation now only applies to IDR forms and the information is collected for no other purpose than to apply the applicants request to the IDR application and to keep it on file for any subsequent requests.
This is a new form and information collection. We estimate a total 15,300 of individuals using this new form (15,147 individuals x 2 minutes = 505 hours+ 153 individuals x 5 minutes = 13 hours) for a total of 518 hours.
$84,000
No
No
No
No
No
No
No
Beth Grebeldinger 202 708-8242
Reginfo record details
No
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.