[Billing Code: 4830-01-P]
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB Review; Comment
Request; Compliance Assurance Process (CAP) Application and Associated Forms
AGENCY: Departmental Offices, Department of the Treasury.
ACTION: Notice.
SUMMARY: The Internal Revenue Service, as part of its continuing effort to reduce paperwork
and respondent burden, invites the general public and other Federal agencies to take this
opportunity to comment on continuing information collections, as required by the Paperwork
Reduction Act of 1995. The IRS is soliciting comments concerning Form 14234, Compliance
Assurance Process (CAP) Application and Sub-forms (A, B, C, D, E, F).
DATES: Comments should be received on or before [INSERT DATE 30 DAYS AFTER
DATE OF PUBLICATION IN THE FEDERAL REGISTER] to be assured of consideration.
ADDRESSES: Written comments and recommendations for the proposed information
collection should be sent within 30 days of publication of this notice to
www.reginfo.gov/public/do/PRAMain. Find this particular information collection by selecting
"Currently under 30-day Review - Open for Public Comments" or by using the search function.
FOR FURTHER INFORMATION CONTACT: Copies of the submissions may be obtained
from Melody Braswell by e-mailing PRA@treasury.gov, calling (202) 622-1035, or viewing the
entire information collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: Compliance Assurance Process (CAP) Application and Associated Forms.
OMB Number: 1545-2312.
Form Numbers: 14234 and sub-forms A, B, C, D, E, F.

Abstract: The Compliance Assurance Process (CAP) 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 60 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.
Current Actions: There are two new forms being added to the Information Collection Request.
Form 14234-E, Compliance Assurance Process (CAP) Cross Border Activities Questionnaire
(CBAQ), is used by the IRS for risk assessment purposes to review a taxpayer's material cross
border activities transactions (other than transfer pricing) in the CAP year. Form 14234-F PostFiling Representation by Taxpayer requires that the corporate officer, authorized to sign the tax
return of the CAP taxpayer, attest that all material issues from the pre-filing review have been
disclosed and resolved, and all resolved issues are reported as agreed on the company's tax
return.
Type of Review: Revision of a currently approved collection.
Affected Public: Businesses.
Estimated Number of Respondents: 125.
Estimated Number of Responses: 875.
Estimated Time per Response: 5.35 hours.
Estimated Total Annual Burden Hours: 4,680 hours.

Authority: 44 U.S.C. 3501 et seq.

Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2024-13589 Filed: 6/20/2024 8:45 am; Publication Date: 6/21/2024]