[Federal Register Volume 63, Number 31 (Tuesday, February 17, 1998)]
[Notices]
[Pages 7853-7854]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 98-3782]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Forms 1023 and 872-C

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 1023, Application for Recognition of Exemption Under Section 
501(c)(3) of the Internal Revenue Code and Form 872-C, Consent Fixing 
Period of Limitation Upon Assessment of Tax Under Section 4940 of the 
Internal Revenue Code.

DATES: Written comments should be received on or before April 20, 1998, 
to be assured of consideration.

ADDRESSES: Direct all written comments to Garrick R. Shear, Internal 
Revenue Service, room 5571, 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 Martha R. 
Brinson, (202) 622-3869, Internal Revenue Service, room 5571, 1111 
Constitution Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

    Title: Application for Recognition of Exemption Under Section 
501(c)(3) of the Internal Revenue Code (Form 1023), and Consent Fixing 
Period of Limitation Upon Assessment of Tax Under Section 4940 of the 
Internal Revenue Code (Form 872-C).
    OMB Number: 1545-0056
    Form Number: 1023 and 872-C
    Abstract: Form 1023 is filed by applicants seeking Federal income 
tax exemption as organizations described in Internal Revenue Code 
section 501(c)(3). IRS uses the information to determine if the 
applicant is exempt and whether the applicant is a private foundation. 
Form 872-C extends the statute of limitations for assessing tax under 
Code section 4940.
    Current Actions: There are no changes being made to the forms at 
this time.
    Type of Review: Extension of a currently approved collection.

[[Page 7854]]

    Affected Public: Not-for-profit institutions.
    Estimated Number of Respondents: 29,409
    Estimated Time Per Respondent: 69 hr., 19 min.
    Estimated Total Annual Burden Hours: 2,038,354
    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 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: January 29, 1998.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 98-3782 Filed 2-13-98; 8:45 am]
BILLING CODE 4830-01-U