View Information Collection Request (ICR) Package

Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.

View ICR - OIRA Conclusion

OMB Control No: 1545-2241	ICR Reference No: 201803-1545-004
Status: Historical Active	Previous ICR Reference No: 201709-1545-015
Agency/Subagency: TREAS/IRS	Agency Tracking No:
Title: Offshore Voluntary Disclosure Program (OVDP)
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: 09/06/2018
Retrieve Notice of Action (NOA)	Date Received in OIRA: 06/27/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2021	36 Months From Approved	09/30/2018
Responses	474,569	0	474,569
Time Burden (Hours)	863,638	0	758,138
Cost Burden (Dollars)	0	0	0

Authorizing Statute(s): US Code: 26 USC 6046 Name of Law: Returns as to organization or reorganization of foreigncorporations and as to acquisitions of their
   US Code: 26 USC 6048 Name of Law: Information with respect to certain foreign trusts
   US Code: 26 USC 6651 Name of Law: Failure to file tax return or to pay tax
   US Code: 26 USC 6662 Name of Law: Imposition of accuracy-related penalty on underpayments
   US Code: 26 USC 6038 Name of Law: Information reporting with respect to certain foreigncorporations and partnerships

Citations for New Statutory Requirements: None

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	474,569	474,569	0
Annual Time Burden (Hours)	863,638	758,138	105,500
Annual Cost Burden (Dollars)	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

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

Burden Reduction Due to:

Short Statement: The IRS made changes to the forms in the collection. The changes were to make the Form consistent with the accompanying correspondence, to remove references to taxpayer email addresses, changed lines and instructions to provide clarification, and to implement changes suggested by the practitioner community. The above changes will result in a program change increase of 105,500 hours and a new total burden of 863,638 hours due to changes to the forms associated with the Streamlined Non-filer information collection.

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. Yes

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: Daria DiMatteo-Carr 267 466-2019 daria.dimatteo-carr@irs.gov