Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. Tax-Exempt Organization Return, 87059-87060 [2023-27644]

Download as PDF Federal Register / Vol. 88, No. 240 / Friday, December 15, 2023 / Notices ddrumheller on DSK120RN23PROD with NOTICES1 SUPPLEMENTARY INFORMATION: Title: Coronavirus Capital Projects Fund. OMB Control Number: 1505–0277. Type of Review: Revision of a currently approved collection. Description: Section 604 of the Social Security Act (the ‘‘Act’’), as added by section 9901 of the American Rescue Plan Act of 2021, Public Law 117–2 (Mar. 11, 2021) authorized the Coronavirus Capital Projects Fund (‘‘CPF’’). The CPF provides $10 billion in funding for the Department of the Treasury (‘‘Treasury’’) to provide grant payments to States (defined to include the District of Columbia and Puerto Rico), seven territories and freely associated states (including the United States Virgin Islands, Guam, American Samoa, the Commonwealth of the Northern Mariana Islands, the Republic of the Marshall Islands, the Federated States of Micronesia, and the Republic of Palau), and Tribal governments to carry out critical capital projects directly enabling work, education, and health monitoring, including remote options, in response to the public health emergency with respect to the Coronavirus Disease (‘‘COVID–19’’). Section 604(b) of the Act prescribes that the $10 billion be allocated to eligible grant recipients according to a formula provided in the statute. Treasury has used this formula to calculate the CPF grant fund allocations for each eligible recipient and has posted these allocations on its website. In general, each State (including the District of Columbia and Puerto Rico) will receive between approximately $107 million and $500 million, each of the seven named territories and freely associated states will receive approximately $14 million, and each Tribal government will receive approximately $167,000. Treasury has separately received approval under OMB #1505–0274 for information collections related to applying for CPF grant awards (‘‘Applications’’) and for specifying the use of funds (‘‘Grant Plans’’). For non-Tribal entities, the current information collection is used to solicit information related to quarterly project and expenditure reports and annual performance reports. Both information collections are described generally in the Compliance and Reporting Guidance for States, Territories, and Freely Associated Sates, which provides these recipients information needed to fulfill their reporting requirements and compliance obligations. For Tribal entities, the current information collection will be used to solicit information for annual reports. VerDate Sep<11>2014 17:57 Dec 14, 2023 Jkt 262001 The information collection is described generally in the Compliance and Reporting Guidance for Tribal Entities, which provides Tribal entities with information needed to fulfill their reporting requirements and compliance obligations. Form: None. Affected Public: State, Territorial, Tribal and Freely Associated States Governments. Estimated Number of Respondents: 609. Frequency of Response: Quarterly, Annually. Estimated Total Number of Annual Responses: 845. Estimated Time per Response: Varies from 20 to 80 hours per year depending on type of respondent and report. Estimated Total Annual Burden Hours: 30,352. (Authority: 44 U.S.C. 3501 et seq.) Spencer W. Clark, Treasury PRA Clearance Officer. [FR Doc. 2023–27639 Filed 12–14–23; 8:45 am] BILLING CODE 4810–AK–P DEPARTMENT OF THE TREASURY Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. TaxExempt Organization Return Departmental Offices, U.S. Department of the Treasury. ACTION: Notice of information collection; request for comment. 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/or continuing information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning forms used by tax-exempt organizations. DATES: Comments should be received on or before January 16, 2024 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 SUMMARY: PO 00000 Frm 00187 Fmt 4703 Sfmt 4703 87059 emailing PRA@treasury.gov, calling (202) 622–1035, or viewing the entire information collection request at www.reginfo.gov. SUPPLEMENTARY INFORMATION: Internal Revenue Service (IRS) These are forms used by tax-exempt organizations. These include Forms 990, 990–EZ, 990–N, 990–PF, 990–T, and related forms and schedules tax-exempt organizations attach to their returns. In addition, there are numerous Treasury Decisions and guidance documents that are covered by the burden estimate provided in this notice. 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: U.S. Tax-Exempt Organization Return. OMB Number: 1545–0047. Form Numbers: Forms 990, 990–EZ, 990–N, 990–PF, 990–T, 1023, 1023–EZ, 1024, 1024–A, 1028, 1120–POL, 4720, 5578, 5884–C, 5884–D, 6069, 6497, 7203, 8038, 8038–B, 8038–CP, 8038–G, 8038–GC, 8038–R, 8038–T, 8038–TC, 8282, 8328, 8330, 8453–TE., 8453–X, 8718, 8868, 8870, 8871, 8872, 8879–TE, 8886–T, 8899 and all other related forms, schedules, and attachments. Abstract: These forms and schedules are used to determine that tax-exempt organizations fulfill the operating conditions within the limitations of their tax exemption. The data is also used for general statistical purposes. Current Actions: There have been changes in IRS guidance documents and regulations related to various forms approved under this approval package during the past year. There have been additions of forms included in this approval package. This approval package is being submitted for renewal purposes. Type of Review: Revision of a currently approved collection. Affected Public: Tax-exempt organizations. E:\FR\FM\15DEN1.SGM 15DEN1 87060 Federal Register / Vol. 88, No. 240 / Friday, December 15, 2023 / Notices Estimated Number of Responses: 1,698,500. Estimated Average Time per Respondent (Hours): 55.2. Estimated Total Time (Hours): 75,500,000. Estimated Total Monetized Time ($): $3,903,700,000. Estimated Total Out-of-Pocket Costs ($): $1,978,400,000. Estimated Total Monetized Burden ($): $5,882,100,000. Total Monetized Burden = Total Out-ofPocket Costs + Total Monetized Time. FISCAL YEAR 2024 FORM 990 SERIES TAXPAYER COMPLIANCE COST ESTIMATES Type of return + Form 990 Projections of the Number of Returns to be Filed with IRS .................... Estimated Average Total Time (Hours) ................................................... Estimated Average Total Out-of-Pocket Costs ........................................ Estimated Average Total Monetized Burden ........................................... 351,100 107 $2,900 $9,900 990–EZ 990–PF 251,000 69 $600 $1,700 990–T 130,100 53 $2,200 $4,600 233,200 42 $2,200 $5,700 990–N 733,100 5 $20 $100 Source: IRS:RAAS:KDA:TBL (Dec 2023) NOTE: Detail may not add due to rounding FY2024 TAXPAYER BURDEN FORM 990/990EZ/990PF BY TOTAL POSITIVE INCOME Average time (hrs) Total positive income 1. 2. 3. 4. 5. < $10k ............................................................................................................................................ $10k to $50k .................................................................................................................................. $50k to $100k ................................................................................................................................ $100k to $1mil ............................................................................................................................... > $1mil ........................................................................................................................................... 44 72 80 89 109 Source: IRS:RAAS:KDA:TBL (Dec 2023) Authority: 44 U.S.C. 3501 et seq. Melody Braswell, Treasury PRA Clearance Officer. [FR Doc. 2023–27644 Filed 12–14–23; 8:45 am] ddrumheller on DSK120RN23PROD with NOTICES1 BILLING CODE 4830–01–P VerDate Sep<11>2014 17:57 Dec 14, 2023 Jkt 262001 PO 00000 Frm 00188 Fmt 4703 Sfmt 9990 E:\FR\FM\15DEN1.SGM 15DEN1 Average out-of-pocket costs $359 $634 $726 $1,473 $3,885 Average monetized burden $792 $1,493 $1,901 $4,148 $13,318

Agencies

[Federal Register Volume 88, Number 240 (Friday, December 15, 2023)]
[Notices]
[Pages 87059-87060]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-27644]


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DEPARTMENT OF THE TREASURY


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; U.S. Tax-Exempt Organization Return

AGENCY: Departmental Offices, U.S. Department of the Treasury.

ACTION: Notice of information collection; request for comment.

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

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/or continuing information collections, as required by the 
Paperwork Reduction Act of 1995. The IRS is soliciting comments 
concerning forms used by tax-exempt organizations.

DATES: Comments should be received on or before January 16, 2024 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 emailing [email protected], calling 
(202) 622-1035, or viewing the entire information collection request at 
www.reginfo.gov.

SUPPLEMENTARY INFORMATION:

Internal Revenue Service (IRS)

    These are forms used by tax-exempt organizations. These include 
Forms 990, 990-EZ, 990-N, 990-PF, 990-T, and related forms and 
schedules tax-exempt organizations attach to their returns. In 
addition, there are numerous Treasury Decisions and guidance documents 
that are covered by the burden estimate provided in this notice.

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: U.S. Tax-Exempt Organization Return.
    OMB Number: 1545-0047.
    Form Numbers: Forms 990, 990-EZ, 990-N, 990-PF, 990-T, 1023, 1023-
EZ, 1024, 1024-A, 1028, 1120-POL, 4720, 5578, 5884-C, 5884-D, 6069, 
6497, 7203, 8038, 8038-B, 8038-CP, 8038-G, 8038-GC, 8038-R, 8038-T, 
8038-TC, 8282, 8328, 8330, 8453-TE., 8453-X, 8718, 8868, 8870, 8871, 
8872, 8879-TE, 8886-T, 8899 and all other related forms, schedules, and 
attachments.
    Abstract: These forms and schedules are used to determine that tax-
exempt organizations fulfill the operating conditions within the 
limitations of their tax exemption. The data is also used for general 
statistical purposes.
    Current Actions: There have been changes in IRS guidance documents 
and regulations related to various forms approved under this approval 
package during the past year. There have been additions of forms 
included in this approval package. This approval package is being 
submitted for renewal purposes.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Tax-exempt organizations.

[[Page 87060]]

    Estimated Number of Responses: 1,698,500.
    Estimated Average Time per Respondent (Hours): 55.2.
    Estimated Total Time (Hours): 75,500,000.
    Estimated Total Monetized Time ($): $3,903,700,000.
    Estimated Total Out-of-Pocket Costs ($): $1,978,400,000.
    Estimated Total Monetized Burden ($): $5,882,100,000.

     Total Monetized Burden = Total Out-of-Pocket Costs + Total 
Monetized Time.


                       Fiscal Year 2024 Form 990 Series Taxpayer Compliance Cost Estimates
----------------------------------------------------------------------------------------------------------------
                                                                          Type of return
                        +                       ----------------------------------------------------------------
                                                   Form 990      990-EZ       990-PF       990-T        990-N
----------------------------------------------------------------------------------------------------------------
Projections of the Number of Returns to be           351,100      251,000      130,100      233,200      733,100
 Filed with IRS................................
Estimated Average Total Time (Hours)...........          107           69           53           42            5
Estimated Average Total Out-of-Pocket Costs....       $2,900         $600       $2,200       $2,200          $20
Estimated Average Total Monetized Burden.......       $9,900       $1,700       $4,600       $5,700         $100
----------------------------------------------------------------------------------------------------------------
Source: IRS:RAAS:KDA:TBL (Dec 2023)
Note: Detail may not add due to rounding


  FY2024 Taxpayer Burden Form 990/990EZ/990PF by Total Positive Income
------------------------------------------------------------------------
                                                               Average
    Total positive income        Average    Average out-of-   monetized
                                time (hrs)    pocket costs      burden
------------------------------------------------------------------------
1. < $10k....................           44             $359         $792
2. $10k to $50k..............           72             $634       $1,493
3. $50k to $100k.............           80             $726       $1,901
4. $100k to $1mil............           89           $1,473       $4,148
5. > $1mil...................          109           $3,885      $13,318
------------------------------------------------------------------------
Source: IRS:RAAS:KDA:TBL (Dec 2023)

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

Melody Braswell,
Treasury PRA Clearance Officer.
[FR Doc. 2023-27644 Filed 12-14-23; 8:45 am]
BILLING CODE 4830-01-P
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