Proposed Collection; Comment Request for Exempt Organization Forms: 990, 990-BL, 990-EZ, 990-N, 990-PF, 990-T, 990-W, 990 SCH E, 990 SCH I, 990 SCH M, 990 SCH D, 990 SCH F, 990 SCH H, 990 SCH J, 990 SCH K, 990 SCH R, 990/990-EZ SCH A, 990/990-EZ SCH C, 990/990-EZ SCH G, 990/990-EZ SCH L, 990/990-EZ SCH N, 990/990-EZ SCH O, 990/990-EZ/990-PF SCH B, 1023, 1023-EZ, 1023-Interactive, 1024, 1024-A, 1028, 1120-POL, 4720, 5578, 5884-C, 6069, 6497, 8038, 8038-B, 8038-CP, 8038-G, 8038-GC, 8038-R, 8038-T, 8038-TC, 8282, 8328, 8330, 8453-E.O., 8453-X, 8718, 8868, 8870, 8871, 8872, 8879-E.O., 8886-T, 8899, and Related Attachments, 71992-71995 [2020-25012]

Download as PDF 71992 Federal Register / Vol. 85, No. 219 / Thursday, November 12, 2020 / Notices SPECIAL PERMITS DATA—Continued Application No. Applicant Regulation(s) affected 21136–N ............ Cimarron Composites, LLC. 173.302(a)(1) ......................................... 21137–N ............ DGM Italia Srl ................... 172.101(j) ............................................... To authorize the manufacture, mark, sale, and use fiber reinforced composite cylinders with non-load sharing plastic liners in compliance with UN/ ISO11515: 2013, Type 4. (modes 1, 2, 3). To authorize the transportation in commerce of lithium ion batteries exceeding 35 kg by cargo-only aircraft. (mode 4). Fiscal Service each January 1. Quarterly revisions are made if the annual average, on a moving basis, changes by 2 percentage points. The rate for calendar year 2021 reflects the average investment rates for the 12month period that ended September 30, 2020. Bureau of the Fiscal Service; Notice of Rate To Be Used for Federal Debt Collection, and Discount and Rebate Evaluation Ronda L. Kent, Assistant Commissioner, Payment Management and Chief Disbursing Officer. [FR Doc. 2020–24991 Filed 11–10–20; 8:45 am] BILLING CODE P DEPARTMENT OF THE TREASURY BILLING CODE 4810–AS–P DEPARTMENT OF THE TREASURY The Secretary of the Treasury is responsible for computing and publishing the percentage rate that is used in assessing interest charges for outstanding debts owed to the Government (The Debt Collection Act of 1982, as amended). This rate is also used by agencies as a comparison point in evaluating the cost-effectiveness of a cash discount. In addition, this rate is used in determining when agencies should pay purchase card invoices when the card issuer offers a rebate. Notice is hereby given that the applicable rate for calendar year 2021 is 1.00 percent. DATES: January 1, 2021 through December 31, 2021 FOR FURTHER INFORMATION CONTACT: Department of the Treasury, Bureau of the Fiscal Service, Payment Management, E-Commerce Division (LC–RM 349B), 3201 Pennsy Drive, Building E, Landover, MD 20785 (Telephone: 202–874–9428). SUPPLEMENTARY INFORMATION: The rate reflects the current value of funds to the Treasury for use in connection with Federal Cash Management systems and is based on investment rates set for purposes of Public Law 95–147, 91 Stat. 1227 (October 28, 1977). Computed each year by averaging Treasury Tax and Loan (TT&L) investment rates for the 12month period ending every September 30, rounded to the nearest whole percentage, for applicability effective SUMMARY: VerDate Sep<11>2014 17:07 Nov 10, 2020 Jkt 253001 Authority: 31 U.S.C. Section 3717. [FR Doc. 2020–25018 Filed 11–10–20; 8:45 am] Bureau of the Fiscal Service, Fiscal Service, Treasury. ACTION: Notice of rate to be used for Federal debt collection, and discount and rebate evaluation. AGENCY: jbell on DSKJLSW7X2PROD with NOTICES Nature of the special permits thereof Internal Revenue Service Proposed Collection; Comment Request for Exempt Organization Forms: 990, 990–BL, 990–EZ, 990–N, 990–PF, 990–T, 990–W, 990 SCH E, 990 SCH I, 990 SCH M, 990 SCH D, 990 SCH F, 990 SCH H, 990 SCH J, 990 SCH K, 990 SCH R, 990/990–EZ SCH A, 990/ 990–EZ SCH C, 990/990–EZ SCH G, 990/990–EZ SCH L, 990/990–EZ SCH N, 990/990–EZ SCH O, 990/990–EZ/990–PF SCH B, 1023, 1023–EZ, 1023Interactive, 1024, 1024–A, 1028, 1120– POL, 4720, 5578, 5884–C, 6069, 6497, 8038, 8038–B, 8038–CP, 8038–G, 8038– GC, 8038–R, 8038–T, 8038–TC, 8282, 8328, 8330, 8453–E.O., 8453–X, 8718, 8868, 8870, 8871, 8872, 8879–E.O., 8886–T, 8899, and Related Attachments Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: 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 proposed and continuing information collections, as required by the Paperwork Reduction Act of 1995 (PRA). This notice requests comments on all forms used by taxexempt organizations: Forms 990, 990– BL, 990–EZ, 990–N, 990–PF, 990–T, SUMMARY: PO 00000 Frm 00118 Fmt 4703 Sfmt 4703 990–W, 990 SCH E, 990 SCH I, 990 SCH M, 990 SCH D, 990 SCH F, 990 SCH H, 990 SCH J, 990 SCH K, 990 SCH R, 990/ 990–EZ SCH A, 990/990–EZ SCH C, 990/990–EZ SCH G, 990/990–EZ SCH L, 990/990–EZ SCH N, 990/990–EZ SCH O, 990/990–EZ/990–PF SCH B, 1023, 1023–EZ, 1023-Interactive, 1024, 1024– A, 1028, 1120–POL, 4720, 5578, 5884– C, 6069, 6497, 8038, 8038–B, 8038–CP, 8038–G, 8038–GC, 8038–R, 8038–T, 8038–TC, 8282, 8328, 8330, 8453–E.O., 8453–X, 8718, 8868, 8870, 8871, 8872, 8879–E.O., 8886–T, 8899 related and all attachments to these forms (see the Appendix-A to this notice). With this notice, the IRS is also announcing significant changes to (1) the manner in which tax forms used by tax-exempt organizations will be approved under the PRA and (2) its method of estimating the paperwork burden imposed on all tax-exempt organizations. DATES: Written comments should be received on or before January 11, 2021 to be assured of consideration. ADDRESSES: Direct all written comments to Kinna Brewington, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of the form and instructions should be directed to Martha Brinson, at (202) 317–5753, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet, at Martha.R.Brinson@irs.gov. SUPPLEMENTARY INFORMATION: Related Internal Revenue Service and the Department of Treasury Guidance: Pub 1075, EE–111–80 (TD 8019—Final) Public Inspection of Exempt Organization Return TD 8033 (TEMP) Tax Exempt Entity Leasing (REG–209274–85) Revenue Procedure 98–19, Exceptions to the notice and reporting requirements of section 6033(e)(1) and the tax imposed by section 6033(e)(2) REG–246256–96 (Final TD 8978) Excise Taxes on Excess Benefit Transactions T.D. 8861, Private Foundation Disclosure Rules E:\FR\FM\12NON1.SGM 12NON1 Federal Register / Vol. 85, No. 219 / Thursday, November 12, 2020 / Notices Notice 2006–109—Interim Guidance Regarding Supporting Organizations and Donor Advised Funds Disclosure by taxable party to the taxexempt entity Reinstatement and Retroactive Reinstatement for Reasonable Cause (Rev. Proc. 2014–11) and Transitional Relief for Small Organizations (Notice 2011–43) under IRC § 6033(j) TD 8086—Election for $10 Million Limitation on Exempt Small Issues of Industrial Development Bonds; Supplemental Capital Expenditure Statements (LR–185–84 Final) Arbitrage Restrictions and Guidance on Issue Price Definition for Tax Exempt Bonds TD 8712 (Final), Definition of Private Activity Bonds; TD 9741, General Allocation and Accounting Regulations Under Section 141; Remedial Actions for Tax-Exempt Bonds FI–28–96 (Final) Arbitrage Restrictions on Tax-Exempt Bonds REG–121475–03 (TD 9495-Final) Qualified Zone Academy Bonds: Obligations of States and Political Subdivisions Notice 2009–26, Build America Bonds and Direct Payment Subsidy Implementation Notice 2012–48: Tribal Economic Development Bonds TD 7925 7952—Indian Tribal Governments Treated As States For Certain Purposes Revenue Procedure 97–15, Section 103—Remedial Payment Closing Agreement Program T.D. 8802—Certain Asset Transfers to a Tax-Exempt Entity TD 7852—Registration Requirements with Respect to Debt Obligations (NPRM, LR–255–82) Notice 2007–70—Charitable Contributions of Certain Motor Vehicles, Boats, and Airplanes. Reporting requirements under Sec. 170(f)(12)(D) TD 8124—Time and Manner of Making Certain Elections Under the Tax Reform Act of 1986 Publication 1075 Tax Information Security Guidelines for Federal, State and Local Agencies Today, over 70 percent of all taxexempt organization returns other than Form 990–N and all Forms 990–N are prepared using software by the taxpayer or with preparer assistance. These are forms used by tax-exempt organizations taxpayers. These include Forms 990, 990–PF, 990–N, and 990–T, and related schedules tax-exempt organizations attach to their tax returns (see Appendix-A to this notice). In addition, there are numerous regulations, notices and Treasury Decisions that are covered by the burden estimate provided in this notice. (See Appendix B for a list). Taxpayer Compliance Burden Tax compliance burden is defined as the time and money taxpayers spend to comply with their tax filing responsibilities. Time-related activities include recordkeeping, tax planning, gathering tax materials, learning about the law and what you need to do, and completing and submitting the return. Out-of-pocket costs include expenses such as purchasing tax software, paying a third-party preparer, and printing and postage. Tax compliance burden does not include a taxpayer’s tax liability, economic inefficiencies caused by suboptimal choices related to tax deductions or credits, or psychological costs. Proposed PRA Submission to OMB Title: Returns of Organization Exempt from Income Tax Under Section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code. OMB Number: 1545–0047. Form Numbers: Forms 990, 990–EZ, 990–PF, 990–N, 990–T and all attachments to these forms and related forms (see the Appendix-A to this notice). 71993 Abstract: OMB number 1545–0047 reports the estimated burden incurred by tax-exempt organizations to meet their tax-compliance-related reporting requirements. The estimate is preliminary and reflects only the change in burden related to technical adjustments related to updating the number of affected taxpayers to reflect the FY2020 forecast. Current Actions: There have been changes in regulatory guidance related to various forms approved under this approval package during the past year. There has been additions and removals of forms included in this approval package. It is anticipated that these changes will have an impact on the overall burden and cost estimates requested for this approval package, however these estimates were not finalized at the time of release of this notice. These estimated figures are expected to be available by the release of the 30-comment notice from Treasury. This approval package is being submitted for renewal purposes only. Affected Public: Tax-Exempt Organizations. Estimated Number of Respondents: 1,606,200. Total Estimated Time: 52.45 million hours. Estimated Time per Respondent: 32.7 hours. Total Estimated Out-of-Pocket Costs: $1.50 billion. Estimated Out-of-Pocket Cost per Respondent: $932. Total Estimated Monetized Burden: $4.17 billion. Estimated Total Monetized Burden per Respondent: $2,595. Note: Amounts below are for FY2021. Reported time and cost burdens are national averages and do not necessarily reflect a ‘‘typical’’ case. Most taxpayers experience lower than average burden, with taxpayer burden varying considerably by taxpayer type. Detail may not add due to rounding. FISCAL YEAR 2021 ICB ESTIMATES FOR FORM 990 SERIES OF RETURNS AND RELATED FORMS AND SCHEDULES FY 20 Number of Taxpayers .................................................................................................................. Burden in Hours ........................................................................................................................... Burden in Dollars ......................................................................................................................... Monetized Total Burden .............................................................................................................. FY 21 1,413,200 50,450,000 1,297,300,000 3,594,400,000 193,000 2,000,000 199,200,000 422,600,000 1,606,200 52,450,000 1,496,500,000 4,017,000,000 jbell on DSKJLSW7X2PROD with NOTICES Note: FY: 21 is most recent approved burden estimates for OMB number—1545–0047. FISCAL YEAR 2020 FORM 990 SERIES TAX COMPLIANCE COST ESTIMATES Form 990 Projections of the Number of Returns to be Filed with IRS Estimated Average Total Time (Hours) ............................... VerDate Sep<11>2014 17:07 Nov 10, 2020 Jkt 253001 PO 00000 Frm 00119 Form 990–EZ Form 990–PF 232,345 45 118,192 47 315,762 85 Fmt 4703 Sfmt 4703 E:\FR\FM\12NON1.SGM 12NON1 Form 990–T 198,798 40 Form 990–N 741,133 2 71994 Federal Register / Vol. 85, No. 219 / Thursday, November 12, 2020 / Notices FISCAL YEAR 2020 FORM 990 SERIES TAX COMPLIANCE COST ESTIMATES—Continued Form 990 Estimated Average Total Out-of-Pocket Costs .................... Estimated Average Total Monetized Burden ....................... Estimated Total Time (Hours) .............................................. Estimated Total Out-of-Pocket Costs (Note. Totals may not add due to rounding.) ................................................. Form 990–EZ Form 990–PF Form 990–T Form 990–N $2,600 $8,000 26,760,000 $500 $1,200 10,500,000 $2,000 $3,900 5,510,000 $1,500 $4,400 8,040,000 $10 $30 1,630,000 $835,700,000 $127,500,000 $236,200,000 $290,300,000 $6,800,000 Note. Amounts above are for FY2020. Reported time and cost burdens are national averages and don’t necessarily reflect a ‘‘typical’’ case. Most taxpayers experience lower than average burden, with taxpayer burden varying considerably by taxpayer type. Detail may not add due to rounding. jbell on DSKJLSW7X2PROD with NOTICES 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. Books or 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 tax return information are confidential, as required by 26 U.S.C. 6103. Request for Comments Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; (b) the accuracy of the agency’s estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (d) ways to minimize the burden of the collection of information on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Approved: November 6, 2020. Martha R. Brinson, IRS Tax Analyst. Appendix-A Number Title Description 990 .................. 990 .................. ............................................. BL ....................................... 990 .................. 990 .................. EZ ....................................... N ......................................... 990 990 990 990 990 990 990 990 990 990 990 990 990 990 990 .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. .................. PF ....................................... T ......................................... W ........................................ 990–EZ, 990–PF SCH B .... OR 990–EZ SCH A ............ OR 990–EZ SCH C ............ OR 990–EZ SCH E ............ OR 990–EZ SCH G ........... OR 990–EZ SCH L ............ OR 990–EZ SCH N ............ OR 990–EZ SCH O ........... SCH D ................................ SCH F ................................ SCH H ................................ SCH I .................................. 990 .................. 990 .................. 990 .................. 990 .................. 1023 ................ 1023 ................ SCH J ................................. SCH K ................................ SCH M ................................ SCH R ................................ ............................................. EZ ....................................... 1023 1024 1024 1028 1120 4720 5578 ................ ................ ................ ................ ................ ................ ................ I .......................................... ............................................. A ......................................... ............................................. POL .................................... ............................................. ............................................. 5884 ................ 6069 ................ C ......................................... ............................................. 6497 ................ 8038 ................ ............................................. ............................................. Return of Organization Exempt From Income Tax. Information and Initial Excise Tax Return for Black Lung Benefit Trusts and Certain Related Persons. Short Form Return of Organization Exempt From Income Tax. Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or Form 990EZ. Return of Private Foundation or Section 4947(a)(1) Trust Treated as Private Foundation. Exempt Organization Business Income Tax Return and Proxy Tax. Estimated Tax on Unrelated Business Taxable Income for Tax-Exempt Organizations. Schedule of Contributors. Public Charity Status and Public Support. Political Campaign and Lobbying Activities. Schools. Supplemental Information Regarding Fundraising or Gaming Activities. Transactions With Interested Persons. Liquidation, Termination, Dissolution, or Significant Disposition of Assets. Supplemental Information to Form 990 or 990–EZ. Supplemental Financial Statements. Statement of Activities Outside the United States. Hospitals. Grants and Other Assistance to Organizations, Governments, and Individuals in the United States. Compensation Information. Supplemental Information on Tax-Exempt Bonds. Noncash Contributions. Related Organizations and Unrelated Partnerships. Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code. Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code. Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code. Application for Recognition of Exemption Under Section 501(a). Application for Recognition of Exemption Under Section 501(c)(4) of the Internal Revenue Code. Application for Recognition of Exemption Under Section 521 of the Internal Revenue Code. U.S. Income Tax Return for Certain Political Organizations. Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code. Annual Certification of Racial Nondiscrimination for a Private School Exempt From Federal Income Tax. Work Opportunity Credit for Qualified Tax-Exempt Organizations Hiring Qualified Veterans. Return of Excise Tax on Excess Contributions to Black Lung Benefit Trust Under Section 4953 and Computation of Section 192 Deduction Information Return of Nontaxable Energy Grants or Subsidized Energy Financing. Information Return for Tax-Exempt Private Activity Bond Issues. VerDate Sep<11>2014 17:07 Nov 10, 2020 Jkt 253001 PO 00000 Frm 00120 Fmt 4703 Sfmt 4703 E:\FR\FM\12NON1.SGM 12NON1 Federal Register / Vol. 85, No. 219 / Thursday, November 12, 2020 / Notices Number Title Description Information Return for Build America Bonds and Recovery Zone Economic Development Bonds. Return for Credit Payments to Issuers of Qualified Bonds. Information Return for Government Purpose Tax-Exempt Bond Issues. Consolidated Information Return for Small Tax-Exempt Government Bond Issues. Request for Recovery of Overpayment Under Arbitrage Rebate Provisions. Arbitrage Rebate and Penalty in Lieu of Arbitrage Rebate. Information Return for Tax Credit and Specified Tax Credit Bonds as the result of the new Hire bill. Donee Information Return. Carry forward Election of Unused Private Activity Bond Volume. Issuer’s Quarterly Information Return for Mortgage Credit Certificates (MCCs). Exempt Organization Declaration and Signature for Electronic Filing. Political Organization Declaration for Electronic Filing of Notice of Section 527 Status. User Fee for Exempt Organization Determination Letter Request. Application for Automatic Extension of Time To File an Exempt Organization Return. Information Return for Transfers Associated With Certain Personal Benefit Contracts. Political Organization Notice of Section 527 Status. Political Organization Report of Contributions and Expenditures. IRS e-file Signature Authorization for an Exempt Organization. Disclosure by Tax-Exempt Entity Regarding Prohibited Tax Shelter Transaction. Notice of Income From Donated Intellectual Property. 8038 8038 8038 8038 8038 8038 8038 ................ ................ ................ ................ ................ ................ ................ B ......................................... CP ...................................... G ......................................... GC ...................................... R ......................................... T ......................................... TC ....................................... 8282 8328 8330 8453 8453 8718 8868 8870 8871 8872 8879 8886 8899 ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ................ ............................................. ............................................. ............................................. EO ...................................... X ......................................... ............................................. ............................................. ............................................. ............................................. ............................................. EO ...................................... T ......................................... ............................................. Appendix-B jbell on DSKJLSW7X2PROD with NOTICES Title/Description EE–111–80 (TD 8019—Final) Public Inspection of Exempt Organization Return TD 8033 (TEMP) Tax Exempt Entity Leasing (REG–209274–85) Revenue Procedure 98–19, Exceptions to the notice and reporting requirements of section 6033(e)(1) and the tax imposed by section 6033(e)(2) REG–246256–96 (Final TD 8978) Excise Taxes on Excess Benefit Transactions T.D. 8861, Private Foundation Disclosure Rules Notice 2006–109—Interim Guidance Regarding Supporting Organizations and Donor Advised Funds Disclosure by taxable party to the tax-exempt entity Reinstatement and Retroactive Reinstatement for Reasonable Cause (Rev. Proc. 2014–11) and Transitional Relief for Small VerDate Sep<11>2014 71995 17:07 Nov 10, 2020 Jkt 253001 Organizations (Notice 2011–43) under IRC § 6033(j) TD 8086—Election for $10 Million Limitation on Exempt Small Issues of Industrial Development Bonds; Supplemental Capital Expenditure Statements (LR–185–84 Final) Arbitrage Restrictions and Guidance on Issue Price Definition for Tax Exempt Bonds TD 8712 (Final), Definition of Private Activity Bonds; TD 9741, General Allocation and Accounting Regulations Under Section 141; Remedial Actions for Tax-Exempt Bonds FI–28–96 (Final) Arbitrage Restrictions on Tax-Exempt Bonds REG–121475–03 (TD 9495-Final) Qualified Zone Academy Bonds: Obligations of States and Political Subdivisions Notice 2009–26, Build America Bonds and Direct Payment Subsidy Implementation Notice 2012–48: Tribal Economic Development Bonds PO 00000 Frm 00121 Fmt 4703 Sfmt 9990 TD 7925—Indian Tribal Governments Treated As States For Certain Purposes Revenue Procedure 97–15, Section 103— Remedial Payment Closing Agreement Program T.D. 8802—Certain Asset Transfers to a TaxExempt Entity TD 7852—Registration Requirements with Respect to Debt Obligations (NPRM, LR– 255–82) Notice 2007–70—Charitable Contributions of Certain Motor Vehicles, Boats, and Airplanes. Reporting requirements under Sec. 170(f)(12)(D) TD 8124—Time and Manner of Making Certain Elections Under the Tax Reform Act of 1986 Publication 1075 Tax Information Security Guidelines for Federal, State and Local Agencies [FR Doc. 2020–25012 Filed 11–10–20; 8:45 am] BILLING CODE 4830–01–P E:\FR\FM\12NON1.SGM 12NON1

Agencies

[Federal Register Volume 85, Number 219 (Thursday, November 12, 2020)]
[Notices]
[Pages 71992-71995]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-25012]


-----------------------------------------------------------------------

DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Exempt Organization 
Forms: 990, 990-BL, 990-EZ, 990-N, 990-PF, 990-T, 990-W, 990 SCH E, 990 
SCH I, 990 SCH M, 990 SCH D, 990 SCH F, 990 SCH H, 990 SCH J, 990 SCH 
K, 990 SCH R, 990/990-EZ SCH A, 990/990-EZ SCH C, 990/990-EZ SCH G, 
990/990-EZ SCH L, 990/990-EZ SCH N, 990/990-EZ SCH O, 990/990-EZ/990-PF 
SCH B, 1023, 1023-EZ, 1023-Interactive, 1024, 1024-A, 1028, 1120-POL, 
4720, 5578, 5884-C, 6069, 6497, 8038, 8038-B, 8038-CP, 8038-G, 8038-GC, 
8038-R, 8038-T, 8038-TC, 8282, 8328, 8330, 8453-E.O., 8453-X, 8718, 
8868, 8870, 8871, 8872, 8879-E.O., 8886-T, 8899, and Related 
Attachments

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

-----------------------------------------------------------------------

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 
proposed and continuing information collections, as required by the 
Paperwork Reduction Act of 1995 (PRA). This notice requests comments on 
all forms used by tax-exempt organizations: Forms 990, 990-BL, 990-EZ, 
990-N, 990-PF, 990-T, 990-W, 990 SCH E, 990 SCH I, 990 SCH M, 990 SCH 
D, 990 SCH F, 990 SCH H, 990 SCH J, 990 SCH K, 990 SCH R, 990/990-EZ 
SCH A, 990/990-EZ SCH C, 990/990-EZ SCH G, 990/990-EZ SCH L, 990/990-EZ 
SCH N, 990/990-EZ SCH O, 990/990-EZ/990-PF SCH B, 1023, 1023-EZ, 1023-
Interactive, 1024, 1024-A, 1028, 1120-POL, 4720, 5578, 5884-C, 6069, 
6497, 8038, 8038-B, 8038-CP, 8038-G, 8038-GC, 8038-R, 8038-T, 8038-TC, 
8282, 8328, 8330, 8453-E.O., 8453-X, 8718, 8868, 8870, 8871, 8872, 
8879-E.O., 8886-T, 8899 related and all attachments to these forms (see 
the Appendix-A to this notice). With this notice, the IRS is also 
announcing significant changes to (1) the manner in which tax forms 
used by tax-exempt organizations will be approved under the PRA and (2) 
its method of estimating the paperwork burden imposed on all tax-exempt 
organizations.

DATES: Written comments should be received on or before January 11, 
2021 to be assured of consideration.

ADDRESSES: Direct all written comments to Kinna Brewington, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Martha 
Brinson, at (202) 317-5753, Internal Revenue Service, Room 6526, 1111 
Constitution Avenue NW, Washington, DC 20224, or through the internet, 
at [email protected].

SUPPLEMENTARY INFORMATION: Related Internal Revenue Service and the 
Department of Treasury Guidance:

Pub 1075, EE-111-80 (TD 8019--Final) Public Inspection of Exempt 
Organization Return
TD 8033 (TEMP) Tax Exempt Entity Leasing (REG-209274-85)
Revenue Procedure 98-19, Exceptions to the notice and reporting 
requirements of section 6033(e)(1) and the tax imposed by section 
6033(e)(2)
REG-246256-96 (Final TD 8978) Excise Taxes on Excess Benefit 
Transactions
T.D. 8861, Private Foundation Disclosure Rules

[[Page 71993]]

Notice 2006-109--Interim Guidance Regarding Supporting Organizations 
and Donor Advised Funds
Disclosure by taxable party to the tax-exempt entity
Reinstatement and Retroactive Reinstatement for Reasonable Cause (Rev. 
Proc. 2014-11) and Transitional Relief for Small Organizations (Notice 
2011-43) under IRC Sec.  6033(j)
TD 8086--Election for $10 Million Limitation on Exempt Small Issues of 
Industrial Development Bonds; Supplemental Capital Expenditure 
Statements (LR-185-84 Final)
Arbitrage Restrictions and Guidance on Issue Price Definition for Tax 
Exempt Bonds
TD 8712 (Final), Definition of Private Activity Bonds; TD 9741, General 
Allocation and Accounting Regulations Under Section 141; Remedial 
Actions for Tax-Exempt Bonds
FI-28-96 (Final) Arbitrage Restrictions on Tax-Exempt Bonds
REG-121475-03 (TD 9495-Final) Qualified Zone Academy Bonds: Obligations 
of States and Political Subdivisions
Notice 2009-26, Build America Bonds and Direct Payment Subsidy 
Implementation
Notice 2012-48: Tribal Economic Development Bonds
TD 7925 7952--Indian Tribal Governments Treated As States For Certain 
Purposes
Revenue Procedure 97-15, Section 103--Remedial Payment Closing 
Agreement Program
T.D. 8802--Certain Asset Transfers to a Tax-Exempt Entity
TD 7852--Registration Requirements with Respect to Debt Obligations 
(NPRM, LR-255-82)
Notice 2007-70--Charitable Contributions of Certain Motor Vehicles, 
Boats, and Airplanes. Reporting requirements under Sec. 170(f)(12)(D)
TD 8124--Time and Manner of Making Certain Elections Under the Tax 
Reform Act of 1986
Publication 1075 Tax Information Security Guidelines for Federal, State 
and Local Agencies
    Today, over 70 percent of all tax-exempt organization returns other 
than Form 990-N and all Forms 990-N are prepared using software by the 
taxpayer or with preparer assistance.
    These are forms used by tax-exempt organizations taxpayers. These 
include Forms 990, 990-PF, 990-N, and 990-T, and related schedules tax-
exempt organizations attach to their tax returns (see Appendix-A to 
this notice). In addition, there are numerous regulations, notices and 
Treasury Decisions that are covered by the burden estimate provided in 
this notice. (See Appendix B for a list).

Taxpayer Compliance Burden

    Tax compliance burden is defined as the time and money taxpayers 
spend to comply with their tax filing responsibilities. Time-related 
activities include recordkeeping, tax planning, gathering tax 
materials, learning about the law and what you need to do, and 
completing and submitting the return. Out-of-pocket costs include 
expenses such as purchasing tax software, paying a third-party 
preparer, and printing and postage. Tax compliance burden does not 
include a taxpayer's tax liability, economic inefficiencies caused by 
sub-optimal choices related to tax deductions or credits, or 
psychological costs.

Proposed PRA Submission to OMB

    Title: Returns of Organization Exempt from Income Tax Under Section 
501(c), 527, or 4947(a)(1) of the Internal Revenue Code.
    OMB Number: 1545-0047.
    Form Numbers: Forms 990, 990-EZ, 990-PF, 990-N, 990-T and all 
attachments to these forms and related forms (see the Appendix-A to 
this notice).
    Abstract: OMB number 1545-0047 reports the estimated burden 
incurred by tax-exempt organizations to meet their tax-compliance-
related reporting requirements. The estimate is preliminary and 
reflects only the change in burden related to technical adjustments 
related to updating the number of affected taxpayers to reflect the 
FY2020 forecast.
    Current Actions: There have been changes in regulatory guidance 
related to various forms approved under this approval package during 
the past year. There has been additions and removals of forms included 
in this approval package. It is anticipated that these changes will 
have an impact on the overall burden and cost estimates requested for 
this approval package, however these estimates were not finalized at 
the time of release of this notice. These estimated figures are 
expected to be available by the release of the 30-comment notice from 
Treasury. This approval package is being submitted for renewal purposes 
only.
    Affected Public: Tax-Exempt Organizations.
    Estimated Number of Respondents: 1,606,200.
    Total Estimated Time: 52.45 million hours.
    Estimated Time per Respondent: 32.7 hours.
    Total Estimated Out-of-Pocket Costs: $1.50 billion.
    Estimated Out-of-Pocket Cost per Respondent: $932.
    Total Estimated Monetized Burden: $4.17 billion.
    Estimated Total Monetized Burden per Respondent: $2,595.
    Note: Amounts below are for FY2021. Reported time and cost burdens 
are national averages and do not necessarily reflect a ``typical'' 
case. Most taxpayers experience lower than average burden, with 
taxpayer burden varying considerably by taxpayer type. Detail may not 
add due to rounding.

          Fiscal Year 2021 ICB Estimates for Form 990 Series of Returns and Related Forms and Schedules
----------------------------------------------------------------------------------------------------------------
                                                                       FY 20                           FY 21
----------------------------------------------------------------------------------------------------------------
Number of Taxpayers.............................................       1,413,200         193,000       1,606,200
Burden in Hours.................................................      50,450,000       2,000,000      52,450,000
Burden in Dollars...............................................   1,297,300,000     199,200,000   1,496,500,000
Monetized Total Burden..........................................   3,594,400,000     422,600,000   4,017,000,000
----------------------------------------------------------------------------------------------------------------
Note: FY: 21 is most recent approved burden estimates for OMB number--1545-0047.


                         Fiscal Year 2020 Form 990 Series Tax Compliance Cost Estimates
----------------------------------------------------------------------------------------------------------------
                                     Form 990       Form 990-EZ     Form 990-PF     Form 990-T      Form 990-N
----------------------------------------------------------------------------------------------------------------
Projections of the Number of             315,762         232,345         118,192         198,798         741,133
 Returns to be Filed with IRS...
Estimated Average Total Time                  85              45              47              40               2
 (Hours)........................

[[Page 71994]]

 
Estimated Average Total Out-of-           $2,600            $500          $2,000          $1,500             $10
 Pocket Costs...................
Estimated Average Total                   $8,000          $1,200          $3,900          $4,400             $30
 Monetized Burden...............
Estimated Total Time (Hours)....      26,760,000      10,500,000       5,510,000       8,040,000       1,630,000
Estimated Total Out-of-Pocket       $835,700,000    $127,500,000    $236,200,000    $290,300,000      $6,800,000
 Costs (Note. Totals may not add
 due to rounding.)..............
----------------------------------------------------------------------------------------------------------------
Note. Amounts above are for FY2020. Reported time and cost burdens are national averages and don't necessarily
  reflect a ``typical'' case. Most taxpayers experience lower than average burden, with taxpayer burden varying
  considerably by taxpayer type. Detail may not add due to rounding.

    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. Books or 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 tax return information 
are confidential, as required by 26 U.S.C. 6103.

Request for Comments

    Comments submitted in response to this notice will be summarized 
and/or included in the request for OMB approval. All comments will 
become a matter of public record. Comments are invited on: (a) Whether 
the collection of information is necessary for the proper performance 
of the functions of the agency, including whether the information will 
have practical utility; (b) the accuracy of the agency's estimate of 
the burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information to be collected; (d) 
ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and (e) estimates 
of capital or start-up costs and costs of operation, maintenance, and 
purchase of services to provide information.

    Approved: November 6, 2020.
Martha R. Brinson,
IRS Tax Analyst.

Appendix-A

----------------------------------------------------------------------------------------------------------------
             Number                                  Title                                 Description
----------------------------------------------------------------------------------------------------------------
990............................  .............................................  Return of Organization Exempt
                                                                                 From Income Tax.
990............................  BL...........................................  Information and Initial Excise
                                                                                 Tax Return for Black Lung
                                                                                 Benefit Trusts and Certain
                                                                                 Related Persons.
990............................  EZ...........................................  Short Form Return of
                                                                                 Organization Exempt From Income
                                                                                 Tax.
990............................  N............................................  Electronic Notice (e-Postcard)
                                                                                 for Tax-Exempt Organizations
                                                                                 Not Required to File Form 990
                                                                                 or Form 990EZ.
990............................  PF...........................................  Return of Private Foundation or
                                                                                 Section 4947(a)(1) Trust
                                                                                 Treated as Private Foundation.
990............................  T............................................  Exempt Organization Business
                                                                                 Income Tax Return and Proxy
                                                                                 Tax.
990............................  W............................................  Estimated Tax on Unrelated
                                                                                 Business Taxable Income for Tax-
                                                                                 Exempt Organizations.
990............................  990-EZ, 990-PF SCH B.........................  Schedule of Contributors.
990............................  OR 990-EZ SCH A..............................  Public Charity Status and Public
                                                                                 Support.
990............................  OR 990-EZ SCH C..............................  Political Campaign and Lobbying
                                                                                 Activities.
990............................  OR 990-EZ SCH E..............................  Schools.
990............................  OR 990-EZ SCH G..............................  Supplemental Information
                                                                                 Regarding Fundraising or Gaming
                                                                                 Activities.
990............................  OR 990-EZ SCH L..............................  Transactions With Interested
                                                                                 Persons.
990............................  OR 990-EZ SCH N..............................  Liquidation, Termination,
                                                                                 Dissolution, or Significant
                                                                                 Disposition of Assets.
990............................  OR 990-EZ SCH O..............................  Supplemental Information to Form
                                                                                 990 or 990-EZ.
990............................  SCH D........................................  Supplemental Financial
                                                                                 Statements.
990............................  SCH F........................................  Statement of Activities Outside
                                                                                 the United States.
990............................  SCH H........................................  Hospitals.
990............................  SCH I........................................  Grants and Other Assistance to
                                                                                 Organizations, Governments, and
                                                                                 Individuals in the United
                                                                                 States.
990............................  SCH J........................................  Compensation Information.
990............................  SCH K........................................  Supplemental Information on Tax-
                                                                                 Exempt Bonds.
990............................  SCH M........................................  Noncash Contributions.
990............................  SCH R........................................  Related Organizations and
                                                                                 Unrelated Partnerships.
1023...........................  .............................................  Application for Recognition of
                                                                                 Exemption Under Section
                                                                                 501(c)(3) of the Internal
                                                                                 Revenue Code.
1023...........................  EZ...........................................  Streamlined Application for
                                                                                 Recognition of Exemption Under
                                                                                 Section 501(c)(3) of the
                                                                                 Internal Revenue Code.
1023...........................  I............................................  Application for Recognition of
                                                                                 Exemption Under Section
                                                                                 501(c)(3) of the Internal
                                                                                 Revenue Code.
1024...........................  .............................................  Application for Recognition of
                                                                                 Exemption Under Section 501(a).
1024...........................  A............................................  Application for Recognition of
                                                                                 Exemption Under Section
                                                                                 501(c)(4) of the Internal
                                                                                 Revenue Code.
1028...........................  .............................................  Application for Recognition of
                                                                                 Exemption Under Section 521 of
                                                                                 the Internal Revenue Code.
1120...........................  POL..........................................  U.S. Income Tax Return for
                                                                                 Certain Political
                                                                                 Organizations.
4720...........................  .............................................  Return of Certain Excise Taxes
                                                                                 Under Chapters 41 and 42 of the
                                                                                 Internal Revenue Code.
5578...........................  .............................................  Annual Certification of Racial
                                                                                 Nondiscrimination for a Private
                                                                                 School Exempt From Federal
                                                                                 Income Tax.
5884...........................  C............................................  Work Opportunity Credit for
                                                                                 Qualified Tax-Exempt
                                                                                 Organizations Hiring Qualified
                                                                                 Veterans.
6069...........................  .............................................  Return of Excise Tax on Excess
                                                                                 Contributions to Black Lung
                                                                                 Benefit Trust Under Section
                                                                                 4953 and Computation of Section
                                                                                 192 Deduction
6497...........................  .............................................  Information Return of Nontaxable
                                                                                 Energy Grants or Subsidized
                                                                                 Energy Financing.
8038...........................  .............................................  Information Return for Tax-
                                                                                 Exempt Private Activity Bond
                                                                                 Issues.

[[Page 71995]]

 
8038...........................  B............................................  Information Return for Build
                                                                                 America Bonds and Recovery Zone
                                                                                 Economic Development Bonds.
8038...........................  CP...........................................  Return for Credit Payments to
                                                                                 Issuers of Qualified Bonds.
8038...........................  G............................................  Information Return for
                                                                                 Government Purpose Tax-Exempt
                                                                                 Bond Issues.
8038...........................  GC...........................................  Consolidated Information Return
                                                                                 for Small Tax-Exempt Government
                                                                                 Bond Issues.
8038...........................  R............................................  Request for Recovery of
                                                                                 Overpayment Under Arbitrage
                                                                                 Rebate Provisions.
8038...........................  T............................................  Arbitrage Rebate and Penalty in
                                                                                 Lieu of Arbitrage Rebate.
8038...........................  TC...........................................  Information Return for Tax
                                                                                 Credit and Specified Tax Credit
                                                                                 Bonds as the result of the new
                                                                                 Hire bill.
8282...........................  .............................................  Donee Information Return.
8328...........................  .............................................  Carry forward Election of Unused
                                                                                 Private Activity Bond Volume.
8330...........................  .............................................  Issuer's Quarterly Information
                                                                                 Return for Mortgage Credit
                                                                                 Certificates (MCCs).
8453...........................  EO...........................................  Exempt Organization Declaration
                                                                                 and Signature for Electronic
                                                                                 Filing.
8453...........................  X............................................  Political Organization
                                                                                 Declaration for Electronic
                                                                                 Filing of Notice of Section 527
                                                                                 Status.
8718...........................  .............................................  User Fee for Exempt Organization
                                                                                 Determination Letter Request.
8868...........................  .............................................  Application for Automatic
                                                                                 Extension of Time To File an
                                                                                 Exempt Organization Return.
8870...........................  .............................................  Information Return for Transfers
                                                                                 Associated With Certain
                                                                                 Personal Benefit Contracts.
8871...........................  .............................................  Political Organization Notice of
                                                                                 Section 527 Status.
8872...........................  .............................................  Political Organization Report of
                                                                                 Contributions and Expenditures.
8879...........................  EO...........................................  IRS e-file Signature
                                                                                 Authorization for an Exempt
                                                                                 Organization.
8886...........................  T............................................  Disclosure by Tax-Exempt Entity
                                                                                 Regarding Prohibited Tax
                                                                                 Shelter Transaction.
8899...........................  .............................................  Notice of Income From Donated
                                                                                 Intellectual Property.
----------------------------------------------------------------------------------------------------------------

Appendix-B

Title/Description

EE-111-80 (TD 8019--Final) Public Inspection of Exempt Organization 
Return
TD 8033 (TEMP) Tax Exempt Entity Leasing (REG-209274-85)
Revenue Procedure 98-19, Exceptions to the notice and reporting 
requirements of section 6033(e)(1) and the tax imposed by section 
6033(e)(2)
REG-246256-96 (Final TD 8978) Excise Taxes on Excess Benefit 
Transactions
T.D. 8861, Private Foundation Disclosure Rules
Notice 2006-109--Interim Guidance Regarding Supporting Organizations 
and Donor Advised Funds
Disclosure by taxable party to the tax-exempt entity
Reinstatement and Retroactive Reinstatement for Reasonable Cause 
(Rev. Proc. 2014-11) and Transitional Relief for Small Organizations 
(Notice 2011-43) under IRC Sec.  6033(j)
TD 8086--Election for $10 Million Limitation on Exempt Small Issues 
of Industrial Development Bonds; Supplemental Capital Expenditure 
Statements (LR-185-84 Final)
Arbitrage Restrictions and Guidance on Issue Price Definition for 
Tax Exempt Bonds
TD 8712 (Final), Definition of Private Activity Bonds; TD 9741, 
General Allocation and Accounting Regulations Under Section 141; 
Remedial Actions for Tax-Exempt Bonds
FI-28-96 (Final) Arbitrage Restrictions on Tax-Exempt Bonds
REG-121475-03 (TD 9495-Final) Qualified Zone Academy Bonds: 
Obligations of States and Political Subdivisions
Notice 2009-26, Build America Bonds and Direct Payment Subsidy 
Implementation
Notice 2012-48: Tribal Economic Development Bonds
TD 7925--Indian Tribal Governments Treated As States For Certain 
Purposes
Revenue Procedure 97-15, Section 103--Remedial Payment Closing 
Agreement Program
T.D. 8802--Certain Asset Transfers to a Tax-Exempt Entity
TD 7852--Registration Requirements with Respect to Debt Obligations 
(NPRM, LR-255-82)
Notice 2007-70--Charitable Contributions of Certain Motor Vehicles, 
Boats, and Airplanes. Reporting requirements under Sec. 
170(f)(12)(D)
TD 8124--Time and Manner of Making Certain Elections Under the Tax 
Reform Act of 1986
Publication 1075 Tax Information Security Guidelines for Federal, 
State and Local Agencies

[FR Doc. 2020-25012 Filed 11-10-20; 8:45 am]
BILLING CODE 4830-01-P
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