View Information Collection Request (ICR) Package
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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:
1545-2312
ICR Reference No:
202402-1545-008
Status:
Active
Previous ICR Reference No:
202302-1545-004
Agency/Subagency:
TREAS/IRS
Agency Tracking No:
Title:
Compliance Assurance Process (CAP) Application and Associated Forms
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:
08/08/2024
Retrieve Notice of Action (NOA)
Date Received in OIRA:
06/21/2024
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
08/31/2027
36 Months From Approved
09/30/2026
Responses
875
0
125
Time Burden (Hours)
4,682
0
1,584
Cost Burden (Dollars)
0
0
0
Abstract:
Compliance Assurance Process (CAP) Application and Associated Forms 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.
Authorizing Statute(s):
US Code:
26 USC 6011
Name of Law: General requirement of return, statement or list.;
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
89 FR 20535
03/22/2024
30-day Notice:
Federal Register Citation:
Citation Date:
89 FR 52218
06/21/2024
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
7
IC Title
Form No.
Form Name
Compliance Assurance Process (CAP) Application
14234
Compliance Assurance Process (CAP) Application
Compliance Assurance Process (CAP) Application and (Sub-forms A, B, C, D)
14234, 14234 -A, 14234-b, 14234-C, 14234-D
Compliance Assurance Process (CAP) Application
,
Compliance Assurance Process (CAP)
,
Material Intercompany Transactions Template (MITT)
,
Taxpayer Initial Issues List
,
Tax Control Framework Questionnaire
Compliance Assurance Process (CAP) Cross Border Activities Questionnaire
14234-E
Compliance Assurance Process (CAP) Cross Border Activities Questionnaire (CBAQ)
Compliance Assurance Process (CAP) Research Credit Questionnaire
14234-A
Compliance Assurance Process (CAP)
Material Intercompany Transactions Template (MITT)
14234-B
Material Intercompany Transactions Template (MITT)
Post-Filing Representation by Taxpayer
14234-F
Post-Filing Representation by Taxpayer
Tax Control Framework Questionnaire
14234-D
Tax Control Framework Questionnaire
Taxpayer Initial Issues List
14234-C
Taxpayer Initial Issues List
ICR Summary of Burden
Total Approved
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
875
125
0
250
500
0
Annual Time Burden (Hours)
4,682
1,584
0
1,189
1,909
0
Annual Cost Burden (Dollars)
0
0
0
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:
IRS is revising the OMB submission to add two new CAP compliance forms Form 14234-E and Form 14234-F. This is increasing the burden due to Agency Discretion by 1,189 of hours. IRS has revised the burden evaluation for the collection. This increases the burden due to Agency Estimate by 1,909 hours.
Annual Cost to Federal Government:
$95,641
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.
No
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.
No
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?
No
Agency Contact:
Cheyl Asnis 732 777-7152 cheryl.a.asnis@irs.gov
Common Form ICR:
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:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(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;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
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.
Certification Date:
06/21/2024
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