Proposed Collection; Requesting Comments on Tax-Exempt Organization Forms

<NOTICE> DEPARTMENT OF THE TREASURY <SUBAGY>Internal Revenue Service</SUBAGY> <SUBJECT>Proposed Collection; Requesting Comments on Tax-Exempt Organization Forms</SUBJECT> <HD SOURCE="HED">AGENCY:</HD> Internal Revenue Service (IRS), Treasury. <HD SOURCE="HED">ACTION:</HD> Notice and request for comments. <SUM> <HD SOURCE="HED">SUMMARY:</HD> 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. See Appendix A for a list of forms, schedules, and related attachments. </SUM> <DATES> <HD SOURCE="HED">DATES:</HD> Written comments should be received on or before November 12, 2024 to be assured of consideration. </DATES> <HD SOURCE="HED">ADDRESSES:</HD> Direct all written comments to Andres Garcia, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or by email to <E T="03">pra.comments@irs.gov.</E> Include OMB Control No. 1545-0047 in the subject line of the message. <FURINF> <HD SOURCE="HED">FOR FURTHER INFORMATION CONTACT:</HD> Requests for additional information or copies of the form and instructions should be directed to Martha Brinson (202) 317-5753, at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at <E T="03">Martha.R.Brinson@irs.gov.</E> </FURINF> <SUPLINF> <HD SOURCE="HED">SUPPLEMENTARY INFORMATION:</HD> 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 (see appendix-A to this notice). In addition, there are numerous Treasury Decisions and guidance documents that are covered by the burden estimate provided in this notice. See appendix B for a list. <HD SOURCE="HD1">Tax Compliance Burden</HD> 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. <HD SOURCE="HD1">Proposed PRA Submission to OMB</HD> <E T="03">Title:</E> U.S. Tax-Exempt Organization Return <E T="03">OMB Number:</E> 1545-0047. <E T="03">Form Numbers:</E> Forms 990, 990-EZ, 990-N, 990-PF, 990-T, and all other related forms, schedules, and attachments. (see appendix-A to this notice). <E T="03">Abstract:</E> 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. <E T="03">Current Actions:</E> 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. 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-day comment notice from OMB. This approval package is being submitted for renewal purposes. <E T="03">Type of Review:</E> Revision of a currently approved collection. <E T="03">Affected Public:</E> Tax-Exempt Organizations. <E T="03">Preliminary Estimated Number of Respondents:</E> 1,684,600. <E T="03">Preliminary Estimated Time per Respondent (Hours):</E> 44 hours, 10 minutes. <E T="03">Preliminary Estimated Total Annual Time (Hours):</E> 74,400,000. <E T="03">Preliminary Estimated Total Annual Monetized Time ($):</E> 3,828,000,000. <E T="03">Preliminary Estimated Total Out-of-Pocket Costs ($):</E> 1,938,600,000. <E T="03">Preliminary Estimated Total Monetized Burden ($):</E> 5,766,600,000. <NOTE> <HD SOURCE="HED">Note:</HD> Total Monetized Burden = Total Out-of-Pocket Costs + Total Monetized Time. </NOTE> <NOTE> <HD SOURCE="HED">Note:</HD> Amounts below are estimates for Fiscal Year (FY) 2025. 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. </NOTE> <GPOTABLE COLS="4" OPTS="L2,i1" CDEF="s100,15,15,15"> <TTITLE>ICB Estimates for the 990 Series of Returns and Supporting Forms and Schedules</TTITLE> [FY2025] <CHED H="1"> </CHED> <CHED H="1">FY24</CHED> 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. <E T="03">Request for Comments:</E> 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. <SIG> <DATED>Approved: September 4, 2024.</DATED> <NAME>Martha R. Brinson,</NAME> Tax Analyst. </SIG> <HD SOURCE="HD1">Appendix-A</HD> <GPOTABLE COLS="2" OPTS="L2,nj,tp0,i1" CDEF="xs120,r200"> <TTITLE> </TTITLE> <CHED H="1">Product</CHED> <CHED H="1">Title</CHED> <ROW> <ENT I="01">Form T</ENT> <ENT>TIMBER.</ENT> </ROW> <ROW> <ENT I="01">1023</ENT> <ENT>Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code.</ENT> </ROW> <ROW> <ENT I="01">1023-EZ</ENT> <ENT>Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code.</ENT> </ROW> <ROW> <ENT I="01">1024</ENT> <ENT>Application for Recognition of Exemption Under Section 501(a).</ENT> </ROW> <ROW> <ENT I="01">1024-A</ENT> <ENT>Application for Recognition of Exemption Under Section 501(c)(4) of the Internal Revenue Code.</ENT> </ROW> <ROW> <ENT I="01">1028</ENT> <ENT>Application for Recognition of Exemption Under Section 521 of the Internal Revenue Code.</ENT> </ROW> <ROW> <ENT I="01">1116 Sch B</ENT> <ENT>Foreign Tax Carryover Reconciliation Schedule.</ENT> </ROW> <ROW> <ENT I="01">1116 Sch C</ENT> <ENT>Foreign Tax Redeterminations.</ENT> </ROW> <ROW> <ENT I="01">1116</ENT> <ENT>Foreign Tax Credit.</ENT> </ROW> <ROW> <ENT I="01">1120-POL</ENT> <ENT>US Income Tax Return for Certain Political Organizations.</ENT> </ROW> <ROW> <ENT I="01">1127</ENT> <ENT>Application for Extension of Time for Payment of Tax Due to Undue Hardship.</ENT> </ROW> <ROW> <ENT I="01">1128</ENT> <ENT>Application to Adopt, Change, or Retain a Tax Year.</ENT> </ROW> <ROW> <ENT I="01">2220</ENT> <ENT>Underpayment of Estimated Tax by Corporations.</ENT> </ROW> <ROW> <ENT I="01">2848</ENT> <ENT>Power of Attorney and Declaration of Representative.</ENT> </ROW> <ROW> <ENT I="01">3115</ENT> <ENT>Application for Change in Accounting Method.</ENT> </ROW> <ROW> <ENT I="01">3468</ENT> <ENT>Investment Credit.</ENT> </ROW> <ROW> <ENT I="01">3800</ENT> <ENT>General Business Credit.</ENT> </ROW> <ROW> <ENT I="01">4136</ENT> <ENT>Credit for Federal Tax Paid on Fuels.</ENT> </ROW> <ROW> <ENT I="01">4255</ENT> <ENT>Recapture of Investment Credit.</ENT> </ROW> <ROW> <ENT I="01">4562</ENT> <ENT>Depreciation and Amortization.</ENT> </ROW> <ROW> <ENT I="01">461</ENT> <ENT>Limitation on Business Loss.</ENT> </ROW> <ROW> <ENT I="01">4720</ENT> <ENT>Return of Certain Excise Taxes Under Chapters 41 and 42 of the Internal Revenue Code.</ENT> </ROW> <ROW> <ENT I="01">4797</ENT> <ENT>Sale of Business Property.</ENT> </ROW> <ROW> <ENT I="01">5227</ENT> <ENT>Split Interest Trust Information Return.</ENT> </ROW> <ROW> <ENT I="01">5471 Sch E</ENT> <ENT>Income, War Profits, and Excess Profits Taxes Paid or Accrued.</ENT> </ROW> <ROW> <ENT I="01">5471 Sch G-1</ENT> <ENT>Cost Sharing Arrangement.</ENT> </ROW> <ROW> <ENT I="01">5471 Sch H</ENT> <ENT>Current Earnings and Profits.</ENT> </ROW> <ROW> <ENT I="01">5471 Sch I-1</ENT> <ENT>Information for Global Intangible Low-Taxed Income.</ENT> </ROW> <ROW> <ENT I="01">5471 Sch J</ENT> <ENT>Accumulated Earnings & Profits ━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━━ Preview showing 10k of 40k characters. 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