[Federal Register Volume 72, Number 50 (Thursday, March 15, 2007)]
[Notices]
[Pages 12263-12264]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E7-4700]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Notice 2006-109

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 
Notice 2006-109, Interim Guidance Regarding Supporting Organizations 
and Donor Advised Funds.

DATES: Written comments should be received on or before May 14, 2007 to 
be assured of consideration.

ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal 
Revenue Service, Room 6516, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of notice should be directed to Allan Hopkins, at (202) 622-
6665, or at Internal Revenue Service, room 6516, 1111 Constitution 
Avenue NW., Washington, DC 20224, or through the Internet, at 
[email protected].

SUPPLEMENTARY INFORMATION: Title: Interim Guidance Regarding Supporting 
Organizations and Donor Advised Funds.
    OMB Number: 1545-2050.
    Notice Number: Notice 2006-109.
    Abstract: This notice provides private foundation with options in 
collecting information to assist in determining whether grants to 
certain supporting organizations are qualifying distributions and are 
not taxable expenditures. Collecting such information will provide 
private foundations with relief from the new excise taxes imposed under 
amended sections 4942 and 4945 of the Code. It also provides relief 
from excise taxes imposed under new section 4966 of the Code. A 
sponsoring organization of certain donor advised funds will not be 
subject to the new taxes for distributions from employer-sponsored 
disaster relief funds or for distributions of certain educational 
grants if the organization collects and maintains the required 
documentation. The Notice clarifies that existing documentation 
requirements for employer-sponsored relief programs and educational 
grants apply to these funds.
    Current Actions: There are no changes being made to the notice at 
this time. This is a new notice
    Type of Review: Approval of new collection.
    Affected Public: Not-for-profit institutions.
    Estimated Number of Respondents: 65,000.
    Estimated Average Time Per Respondent: 9 hours, 25 minutes.
    Estimated Total Annual Burden Hours: 612,294.
    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

[[Page 12264]]

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: March 8, 2007.
Glenn Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E7-4700 Filed 3-14-07; 8:45 am]
BILLING CODE 4830-01-P