81_FR_17303 81 FR 17244 - Proposed Collection; Comment Request for Form 990-T

81 FR 17244 - Proposed Collection; Comment Request for Form 990-T

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 81, Issue 59 (March 28, 2016)

Page Range17244-17245
FR Document2016-06952

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 Form 990-T, Exempt Organization Business Income Tax Return.

Federal Register, Volume 81 Issue 59 (Monday, March 28, 2016) 
[Federal Register Volume 81, Number 59 (Monday, March 28, 2016)]
[Notices]
[Pages 17244-17245]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2016-06952]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 990-T

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 
Form 990-T, Exempt Organization Business Income Tax Return.

DATES: Written comments should be received on or before May 27, 2016 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Tuawana Pinkston, 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 Kerry Dennis 
at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the internet at [email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Exempt Organization Business Income Tax Return.
    OMB Number: 1545-0687.
    Form Number: Form 990-T.
    Abstract: Form 990-T is used to report and compute the unrelated 
business income tax imposed on exempt organizations by Internal Revenue 
Code section 511 and the proxy tax imposed by Code section 6033(e). The 
form provides the IRS with the information necessary to determine that 
the tax has been properly computed.
    Current Actions: The agency has updated the estimated number of 
respondents based on its most recent filing data. The additional 
respondents results in a burden increase of 24,167,406 hours resulting 
in a new total burden of 29,429,725 hours.
    Type of Review: Revision of a currently approved collection.
    Affected Public: Not-for-profit institutions.
    Estimated Number of Respondents: 207,500.
    Estimated Time per Respondent: 141 hrs., 48 min.
    Estimated Total Annual Burden Hours: 29,429,725.
    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 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

[[Page 17245]]

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 15, 2016.
Tuawana Pinkston,
IRS Reports Clearance Officer.
[FR Doc. 2016-06952 Filed 3-25-16; 8:45 am]
BILLING CODE 4830-01-P

17244 Federal Register / Vol. 81, No. 59 / Monday, March 28, 2016 / Notices Additional Background on Assessment DATES: The meeting will be held April ADDRESSES: Direct all written comments Cyber threats have evolved and 20–21, 2016. to Tuawana Pinkston, Internal Revenue increased exponentially with greater ADDRESSES: The closed meeting of the Service, Room 6526, 1111 Constitution sophistication. Cyber attacks on Art Advisory Panel will be held at 290 Avenue NW., Washington, DC 20224. financial institutions may not only Broadway, New York, NY 10007. FOR FURTHER INFORMATION CONTACT: result in access to, and the compromise FOR FURTHER INFORMATION CONTACT: Requests for additional information or of, confidential information, but also the Maricarmen Cuello, AP:SO:AAS, 51 SW copies of the form and instructions destruction of critical data and systems. 1st Avenue, Room 1014, Miami, FL should be directed to Kerry Dennis at Disruption, degradation, or 33130. Telephone (305) 982–5364 (not a Internal Revenue Service, Room 6526, unauthorized alteration of information toll free number). 1111 Constitution Avenue NW., and systems can affect an institution’s SUPPLEMENTARY INFORMATION: Notice is Washington, DC 20224, or through the operations and core processes and hereby given pursuant to section internet at Kerry.Dennis@irs.gov. undermine confidence in the nation’s 10(a)(2) of the Federal Advisory SUPPLEMENTARY INFORMATION: financial services sector. Committee Act, 5 U.S.C. App., that a Title: Exempt Organization Business The Agencies, under the auspices of closed meeting of the Art Advisory Income Tax Return. the FFIEC, developed the Assessment to Panel will be held at 290 Broadway, OMB Number: 1545–0687. assist financial institutions of all sizes New York, NY 10007. Form Number: Form 990–T. in assessing their inherent cyber risks The agenda will consist of the review Abstract: Form 990–T is used to and their cybersecurity preparedness. and evaluation of the acceptability of report and compute the unrelated The Assessment is intended to allow a fair market value appraisals of works of business income tax imposed on exempt financial institution to identify its art involved in Federal income, estate, organizations by Internal Revenue Code inherent cyber risk profile based on the or gift tax returns. This will involve the section 511 and the proxy tax imposed financial institution’s technologies and discussion of material in individual tax by Code section 6033(e). The form connection types, delivery channels, returns made confidential by the provides the IRS with the information online/mobile products and technology provisions of 26 U.S.C. 6103. necessary to determine that the tax has services it offers, organizational A determination as required by been properly computed. characteristics, and current threats. section 10(d) of the Federal Advisory Current Actions: The agency has Once an institution identifies its Committee Act has been made that this updated the estimated number of inherent cyber risk profile, it will then meeting is concerned with matters listed respondents based on its most recent determine its cybersecurity maturity in sections 552b(c)(3), (4), (6), and (7), filing data. The additional respondents levels based on the institution’s cyber of the Government in the Sunshine Act, results in a burden increase of risk management and oversight, threat and that the meeting will not be open 24,167,406 hours resulting in a new intelligence and collaboration, to the public. total burden of 29,429,725 hours. cybersecurity controls, external Type of Review: Revision of a Kirsten B. Wielobob, currently approved collection. dependency management, and cyber Chief, Appeals. Affected Public: Not-for-profit incident management and resilience. A [FR Doc. 2016–06950 Filed 3–25–16; 8:45 am] institutions. financial institution can use the Assessment to identify opportunities for BILLING CODE 4830–01–P Estimated Number of Respondents: improving the institution’s 207,500. cybersecurity preparedness. Use of the Estimated Time per Respondent: 141 Assessment by financial institutions is DEPARTMENT OF THE TREASURY hrs., 48 min. not mandatory. Additional information Estimated Total Annual Burden Internal Revenue Service Hours: 29,429,725. on the Assessment and supporting materials are available on the FFIEC’s Proposed Collection; Comment The following paragraph applies to all Web site at http://www.ffiec.gov/ Request for Form 990–T of the collections of information covered cyberassessmenttool.htm. by this notice: AGENCY: Internal Revenue Service (IRS), An agency may not conduct or Dated: March 23, 2016. Treasury. sponsor, and a person is not required to Thomas J. Curry, respond to, a collection of information ACTION: Notice and request for Comptroller of the Currency. comments. unless the collection of information [FR Doc. 2016–06949 Filed 3–25–16; 8:45 am] displays a valid OMB control number. BILLING CODE 4810–01–P SUMMARY: The Department of the Books or records relating to a collection Treasury, as part of its continuing effort of information must be retained as long to reduce paperwork and respondent as their contents may become material DEPARTMENT OF THE TREASURY burden, invites the general public and in the administration of any internal other Federal agencies to take this revenue law. Generally, tax returns and Internal Revenue Service opportunity to comment on proposed tax return information are confidential, and/or continuing information as required by 26 U.S.C. 6103. Art Advisory Panel—Notice of Closed collections, as required by the Meeting Request for Comments: Comments Paperwork Reduction Act of 1995, submitted in response to this notice will AGENCY: Internal Revenue Service, Public Law 104–13 (44 U.S.C. be summarized and/or included in the Lhorne on DSK5TPTVN1PROD with NOTICES Treasury. 3506(c)(2)(A)). Currently, the IRS is request for OMB approval. All ACTION: Notice of Closed Meeting of Art soliciting comments concerning Form comments will become a matter of Advisory Panel. 990–T, Exempt Organization Business public record. Comments are invited on: Income Tax Return. (a) Whether the collection of SUMMARY: Closed meeting of the Art DATES: Written comments should be information is necessary for the proper Advisory Panel will be held in New received on or before May 27, 2016 to performance of the functions of the York, NY. be assured of consideration. agency, including whether the VerDate Sep<11>2014 14:52 Mar 25, 2016 Jkt 238001 PO 00000 Frm 00112 Fmt 4703 Sfmt 4703 E:\FR\FM\28MRN1.SGM 28MRN1

Federal Register / Vol. 81, No. 59 / Monday, March 28, 2016 / Notices 17245 information shall have practical utility; Abstract: Forms 13614–C, 13614–C Approved: March 7, 2016. (b) the accuracy of the agency’s estimate (SP), 13614 (AR), 13614 (CN–S), 13614 Tuawana Pinkston, of the burden of the collection of (CN–T), 13614 (HT), 13614 (KR), 13614 IRS Reports Clearance Officer. information; (c) ways to enhance the (PL), 13614 (PT), 13614 (TL), and, 13614 [FR Doc. 2016–06927 Filed 3–25–16; 8:45 am] quality, utility, and clarity of the (VN) contain a standardized list of BILLING CODE 4830–01–P information to be collected; (d) ways to required intake questions to guide minimize the burden of the collection of volunteers in asking taxpayers basic information on respondents, including questions about themselves. The intake through the use of automated collection DEPARTMENT OF VETERANS sheet is an effective tool ensuring that techniques or other forms of information AFFAIRS critical taxpayer information is obtained technology; and (e) estimates of capital and applied during the interview [OMB Control No. 2900–0138] or start-up costs and costs of operation, process. maintenance, and purchase of services Current Actions: There are no changes Proposed Information Collection to provide information. being made to these forms at this time, (Request for Details of Expenses, VA Approved: March 15, 2016. however, the agency has updated its Form 21P–8049); Activity: Comment Tuawana Pinkston, most recent number of respondent Request IRS Reports Clearance Officer. estimates and updated the collection to AGENCY: Veterans Benefits [FR Doc. 2016–06952 Filed 3–25–16; 8:45 am] include all 11 language translations. Administration, Department of Veterans BILLING CODE 4830–01–P Type of Review: Revision of a Affairs. currently approved collection. ACTION: Notice. Affected Public: Individuals or DEPARTMENT OF THE TREASURY households, Business or other for-profit SUMMARY: The Veterans Benefits organizations, and not-for-profit Administration (VBA), Department of Internal Revenue Service institutions, and Federal Government. Veterans Affairs (VA), is announcing an Estimated Number of Responses: opportunity for public comment on the Proposed Collection; Comment 3,700,000. proposed collection of certain Request for Form 13614–C Estimated Time per Response: 17 min. information by the agency. Under the AGENCY: Internal Revenue Service (IRS), Estimated Total Annual Burden Paperwork Reduction Act (PRA) of Treasury. Hours: 629,000. 1995, Federal agencies are required to ACTION: Notice and request for The following paragraph applies to all publish notice in the Federal Register comments. of the collections of information covered concerning each proposed collection of by this notice: information, including each proposed SUMMARY: The Department of the An agency may not conduct or revision of a currently approved Treasury, as part of its continuing effort sponsor, and a person is not required to collection, and allow 60 days for public to reduce paperwork and respondent respond to, a collection of information comment in response to the notice. burden, invites the general public and unless the collection of information DATES: Written comments and other Federal agencies to take this displays a valid OMB control number. recommendations on the proposed opportunity to comment on proposed Books or records relating to a collection and/or continuing information collection of information should be of information must be retained as long received on or before May 27, 2016. collections, as required by the as their contents may become material Paperwork Reduction Act of 1995, ADDRESSES: Submit written comments in the administration of any internal Public Law 104–13 (44 U.S.C. revenue law. Generally, tax returns and on the collection of information through 3506(c)(2)(A)). Currently, the IRS is tax return information are confidential, Federal Docket Management System soliciting comments concerning Form as required by 26 U.S.C. 6103. (FDMS) at www.Regulations.gov or to 13614–C, Interview and Intake Sheet. Request for Comments: Comments Nancy J. Kessinger, Veterans Benefits DATES: Written comments should be submitted in response to this notice will Administration (20M33), Department of received on or before May 27, 2016 to be summarized and/or included in the Veterans Affairs, 810 Vermont Avenue be assured of consideration. request for OMB approval. All NW., Washington, DC 20420 or email to ADDRESSES: Direct all written comments comments will become a matter of nancy.kessinger@va.gov. Please refer to to Tuawana Pinkston, Internal Revenue public record. Comments are invited on: ‘‘OMB Control No. 2900–0138’’ in any Service, Room 6526, 1111 Constitution (a) Whether the collection of correspondence. During the comment Avenue NW., Washington, DC 20224. information is necessary for the proper period, comments may be viewed online performance of the functions of the through the FDMS. FOR FURTHER INFORMATION CONTACT: Requests for additional information or agency, including whether the FOR FURTHER INFORMATION CONTACT: copies of the form and instructions information shall have practical utility; Nancy J. Kessinger at (202) 632–8924 or should be directed to Kerry Dennis, at (b) the accuracy of the agency’s estimate FAX (202) 632–8925. Internal Revenue Service, room 6526, of the burden of the collection of SUPPLEMENTARY INFORMATION: Under the 1111 Constitution Avenue NW., information; (c) ways to enhance the PRA of 1995 (Pub. L. 104–13; 44 U.S.C. Washington, DC 20224, or through the quality, utility, and clarity of the 3501–21), Federal agencies must obtain internet, at Kerry.Dennis@irs.gov. information to be collected; (d) ways to approval from the Office of Management SUPPLEMENTARY INFORMATION: minimize the burden of the collection of and Budget (OMB) for each collection of Lhorne on DSK5TPTVN1PROD with NOTICES Title: Interview and Intake Sheet. information on respondents, including information they conduct or sponsor. OMB Number: 1545–1964. through the use of automated collection This request for comment is being made Form Numbers: 13614–C, 13614–C techniques or other forms of information pursuant to section 3506(c)(2)(A) of the (SP), 13614 (AR), 13614 (CN–S), 13614 technology; and (e) estimates of capital PRA. (CN–T), 13614 (HT), 13614 (KR), 13614 or start-up costs and costs of operation, With respect to the following (PL), 13614 (PT), 13614 (TL), and, 13614 maintenance, and purchase of services collection of information, VBA invites (VN). to provide information. comments on: (1) Whether the proposed VerDate Sep<11>2014 14:52 Mar 25, 2016 Jkt 238001 PO 00000 Frm 00113 Fmt 4703 Sfmt 4703 E:\FR\FM\28MRN1.SGM 28MRN1


Document Created: 2016-03-26 00:13:37
Document Modified: 2016-03-26 00:13:37
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
ActionNotice and request for comments.
DatesWritten comments should be received on or before May 27, 2016 to be assured of consideration.
ContactRequests for additional information or copies of the form and instructions should be directed to Kerry Dennis at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224, or through the internet at [email protected]
FR Citation81 FR 17244 
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