[Federal Register Volume 73, Number 189 (Monday, September 29, 2008)]
[Notices]
[Pages 56628-56629]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-22808]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service

[TD 9423]


Proposed Collection; Comment Request for Regulation Project

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 
the existing final and temporary regulations, TD 9423, Implementation 
of Form 990.

DATES: Written comments should be received on or before November 28, 
2008 to be assured of consideration.

ADDRESSES: Direct all written comments to Glenn P. Kirkland, Internal 
Revenue Service, room 6129, 1111 Constitution Avenue, NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the regulations should be directed to R. Joseph Durbala at 
Internal Revenue Service, room 6129, 1111 Constitution Avenue, NW., 
Washington, DC 20224, or at (202) 622-3634, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION:
    Title: Implementation of Form 990.
    OMB Number: 1545-2117.
    Regulation Project Number: TD 9423.
    Abstract: This document contains final and temporary regulations 
necessary to implement the redesigned Form 990, ``Return of 
Organization Exempt From Income Tax.'' The final regulations contained 
in this document make only nonsubstantive revisions to comply with 
Federal Register requirements. The temporary regulations make revisions 
to the regulations under section 6033 and section 6043 to allow for new 
threshold amounts for reporting compensation, to require that 
compensation be reported on a calendar year basis, and to modify the 
scope of organizations subject to information reporting requirements 
upon a substantial contraction. The temporary regulations also 
eliminate the advance ruling process for new organizations, change the 
public support computation period for organizations described in 
sections 170(b)(1)(A)(vi) and 509(a)(1) and in section 509(a)(2) to 
five years, consistent with the revised Form 990, and clarify that 
support must be reported using the organization's overall method of 
accounting. All tax-exempt organizations required under section 6033 of 
the Internal Revenue Code (Code) to file annual information returns are 
affected by these temporary regulations. The text of these temporary 
regulations also serves as the text of the proposed regulations (REG-
142333-07).
    Current Actions: There is no change to this existing regulation. 
This document is being submitted for renewal purposes only.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Not for-profit organizations.
    Estimated Number of Respondents: 1.
    Estimated Time per Respondent: 1 hour.
    Estimated Total Annual Burden Hours: 1.
    The following paragraph applies to all of the collections of 
information covered by this notice:

[[Page 56629]]

    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: September 19, 2008.
Glenn P. Kirkland,
IRS Reports Clearance Officer.
[FR Doc. E8-22808 Filed 9-26-08; 8:45 am]
BILLING CODE 4830-01-P