Notice2022-27886
Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. Tax-Exempt Income Tax Returns
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
December 22, 2022
Issuing agencies
Treasury Department
Abstract
The Department of the Treasury will submit the following information collection request to the Office of Management and Budget (OMB) for review and clearance in accordance with the Paperwork Reduction Act of 1995, on or after the date of publication of this notice. The public is invited to submit comments on this request.
Full Text
<html>
<head>
<title>Federal Register, Volume 87 Issue 245 (Thursday, December 22, 2022)</title>
</head>
<body><pre>
[Federal Register Volume 87, Number 245 (Thursday, December 22, 2022)]
[Notices]
[Pages 78766-78767]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-27886]
-----------------------------------------------------------------------
DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; U.S. Tax-Exempt Income Tax Returns
AGENCY: Departmental Offices, Department of the Treasury.
ACTION: Notice of information collection; request for comment.
-----------------------------------------------------------------------
SUMMARY: The Department of the Treasury will submit the following
information collection request to the
[[Page 78767]]
Office of Management and Budget (OMB) for review and clearance in
accordance with the Paperwork Reduction Act of 1995, on or after the
date of publication of this notice. The public is invited to submit
comments on this request.
DATES: Comments should be received on or before January 23, 2023 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 <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a>. 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 Spencer W. Clark by emailing <a href="/cdn-cgi/l/email-protection#da8a889b9aaea8bfbba9afa8a3f4bdb5ac"><span class="__cf_email__" data-cfemail="19494b58596d6b7c786a6c6b60377e766f">[email protected]</span></a>, calling
(202) 927-5331, or viewing the entire information collection request at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: U.S. Tax-Exempt Income Tax Returns.
OMB Control Number: 1545-0047.
Type of Review: Revision of a currently approved collection.
Description: 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
related to various forms approved under this approval package during
the past year. There have been additions of forms included in this
approval package. Based on updated survey data and actual population
counts, there is an overall estimated increase of 14,500,000 hours of
burden and $22,600,000 in out-of-pocket costs on respondents. This
adjustment in estimates is driven by both an increase in the number
filers as well as expected and observed inflation.
Form: Forms 990, 990-BL, 990-EZ, 990-N, 990-PF, 990-T, 990-W, 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.
Affected Public: Not-for-profit Organizations.
Estimated Number of Respondents: 1,684,700.
Frequency of Response: Varies by form: annually, once or on
occasion.
Estimated Total Number of Annual Responses: 1,684,700.
Estimated Time per Response: 43 hours, 10 minutes.
Estimated Total Annual Burden Hours: 72,720,000.
Table 1--Fiscal Year 2023 Form 990 Series Taxpayer Compliance Cost Estimates
----------------------------------------------------------------------------------------------------------------
Type of return
-----------------------------------------------------------------------------------
Form 990 Form 990-EZ Form 990-PF Form 990-T Form 990-N
----------------------------------------------------------------------------------------------------------------
Projections of the Number of 333,400 245,200 122,700 239,600 743,800
Returns to be Filed with
IRS........................
Estimates Average Total Time 107 64 53 46 5
(Hours)....................
Estimated Average Total Out- $2,600 $500 $1,900 $2,100 $20
of-Pocket Costs............
Estimated Average Total $8,700 $1,400 $4,100 $5,600 $90
Monetized Burden...........
-----------------------------------------------------------------------------------
Estimates Total Time 35,780,000 15,770,000 6,510,000 10,940,000 3,720,000
(Hours)................
Estimated Total Out-of- $867,200,000 $118,600,000 $237,200,000 $512,700,000 $13,800,000
Pocket Costs...........
Estimated Total $2,916,100,000 $335,200,000 $501,300,000 $1,346,200,000 $64,800,000
Monetized Burden.......
----------------------------------------------------------------------------------------------------------------
Source: IRS:RAAS:KDA:TBL (Dec 2022).
FY2023 Taxpayer Burden Form 990/990EZ/990PF by Total Positive Income
----------------------------------------------------------------------------------------------------------------
Average
Total positive income Average time Average out-of- monetized
(hrs) pocket costs burden
----------------------------------------------------------------------------------------------------------------
1. <10k........................................................ 42 $331 $744
2. 10k to 50k.................................................. 70 578 1,418
3. 50k to 100l................................................. 81 721 1,922
4. 100k to 1mil................................................ 91 1,507 4,264
5. >1mil....................................................... 109 3,886 13,308
----------------------------------------------------------------------------------------------------------------
Source: IRS:RAAS:KDA:TBL (Dec 2022).
Authority: 44 U.S.C. 3501 et seq.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2022-27886 Filed 12-21-22; 8:45 am]
BILLING CODE 4830-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on December 22, 2022.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.