80 FR 13956 - Proposed Collection

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 80, Issue 51 (March 17, 2015)

The Department of the Treasury, 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, Public Law 104-13 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning the Implementation and redesign of Form 990.

[Federal Register Volume 80, Number 51 (Tuesday, March 17, 2015)]
[Notices]
[Pages 13956-13957]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2015-06006]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: Notice and request for comments.

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SUMMARY: The Department of the Treasury, 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, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
the Implementation and redesign of Form 990.

DATES: Written comments should be received on or before May 18, 2015 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Christie Preston, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulations should be directed to Sara Covington at 
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Implementation of Form 990.
    OMB Number: 1545-2117.
    Regulation Project Number: TD 9549.
    Abstract: This document contains final regulations necessary to 
implement the redesigned Form 990, ``Return of Organization Exempt From 
Income Tax.'' The final regulations make revisions to the regulations 
to allow for new threshold amounts for reporting compensation, to 
require that compensation be reported on a calendar year basis, and to 
modify the scope of organizations subject to information reporting 
requirements upon a substantial contraction. The regulations also 
eliminate the advance ruling process for new organizations, change the 
public support computation period for organizations described in 
sections 170(b)(1)(A)(vi) and 509(a)(1) and in section 509(a)(2) to 
five years, consistent with the revised Form 990, and clarify that 
support must be reported using the organization's overall method of 
accounting. All tax-exempt organizations required under section 6033 of 
the Internal Revenue Code (Code) to file annual information returns are 
affected by these regulations.
    Current Actions: There is no change to this existing regulation. 
This document is being submitted for renewal purposes only.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Not for-profit organizations.
    Estimated Number of Respondents: 1.
    Estimated Time per Respondent: 1 hour.
    Estimated Total Annual Burden Hours: 1.
    The following paragraph applies to all of the collections of 
information covered by this notice:
    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

[[Page 13957]]

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 shall 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: March 9, 2015.
Christie Preston,
IRS Reports Clearance Officer.
[FR Doc. 2015-06006 Filed 3-16-15; 8:45 am]
 BILLING CODE 4830-01-P