SECTION 8. PAPERWORK

REDUCTION ACT

The collection(s) of information in this revenue procedure have been reviewed and, pending receipt and evaluation of public comments, approved by the Office of Management and Budget in accordance with the Paperwork Reduction Act (44 U.S.C. 3507) under control number 15451522. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number.

The collection(s) of information in this revenue procedure are in section 4. This information is required to determine whether a taxpayer qualifies for automatic consent under this revenue procedure. The collection of information is required to obtain a benefit. The likely respondents are non-life insurance companies that have made a § 831(b) Election.

The estimated total annual reporting and/or recordkeeping burden for Rev. Proc. 2025-1 is 316,020 hours.

For Rev. Proc. 2025-1, the estimated annual burden per respondent/recordkeeper varies from 1 to 200 hours, depending on individual circumstances, with an estimated annual average burden of 80 hours. The estimated number of respondents and/or recordkeepers for Rev. Proc. 2025-1 is 3,956.

The estimated total annual reporting and/or recordkeeping burden for this revenue procedure adds 46 hours to the burden imposed by Rev. Proc. 2025-1.

The estimated annual burden per respondent/recordkeeper for this revenue procedure varies from 1 to 3 hours, depending on individual circumstances, with an estimated average burden of 2 hours. The estimated number of additional respondents and/or recordkeepers added to Rev. Proc. 2025-1 by this revenue procedure is 20, increasing the estimated number of respondents and/ or recordkeepers to Rev. Proc. 2025-1 to 3,976. The estimated annual frequency of responses is on occasion.

Books and records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and return information are confidential, as required by § 6103.