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View ICR - OIRA Conclusion

OMB Control No: 1545-2195	ICR Reference No: 201312-1545-026
Status: Historical Active	Previous ICR Reference No: 201101-1545-001
Agency/Subagency: TREAS/IRS	Agency Tracking No: GJS
Title: Form 8938, Statement of Specified Foreign Financial Assets
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 08/04/2015
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/12/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2018	36 Months From Approved	08/31/2015
Responses	350,000	0	350,000
Time Burden (Hours)	1,627,500	0	378,000
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute
Annual Number of Responses	350,000	350,000	0
Annual Time Burden (Hours)	1,627,500	378,000	1,249,500
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: Due to Public Law 111-147 (HIRE), Title V (FATCA), and IRC 6038D, the burden increased. At the request of the Office of the International Tax Counsel, Office of Tax Policy, and Chief Counsel International, we have made changes to Part IV. At the request of W&I Submissions Processing, we have made the changes to further facilitate transcription. At the request of LB&I and Counsel (International), we made changes to Form 8938.