Notice2023-27644
Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. Tax-Exempt Organization Return
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 15, 2023
Issuing agencies
Treasury Department
Abstract
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.
Full Text
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<title>Federal Register, Volume 88 Issue 240 (Friday, December 15, 2023)</title>
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[Federal Register Volume 88, Number 240 (Friday, December 15, 2023)]
[Notices]
[Pages 87059-87060]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[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.
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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 <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 Melody Braswell by emailing <a href="/cdn-cgi/l/email-protection#3767657677434552564442454e19505841"><span class="__cf_email__" data-cfemail="7626243736020413170503040f58111900">[email protected]</span></a>, calling
(202) 622-1035, or viewing the entire information collection request at
<a href="http://www.reginfo.gov">www.reginfo.gov</a>.
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
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Type of return
+ ----------------------------------------------------------------
Form 990 990-EZ 990-PF 990-T 990-N
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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
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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
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Average
Total positive income Average Average out-of- monetized
time (hrs) pocket costs burden
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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
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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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