[Federal Register Volume 75, Number 189 (Thursday, September 30, 2010)]
[Notices]
[Pages 60511-60513]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-24503]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 1023

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

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Exemption Under Section 501(c)(3) of the Internal Revenue Code.

DATES: Comments must be received by November 29, 2010 to be assured of 
consideration. The Department of the Treasury is piloting the 
collaborative tool, http://www.PRAComment.Gov, to increase public 
participation and collaboration for the Paperwork Reduction Act 
information collection activities. In addition to continuing to collect 
comments on IRS Form 1023, the Department is partnering with the 
Internal Revenue Service (IRS) to expand the site to include five 
additional information collection activities:
    1. OMB Number: 1545-0057.
    Form Number: Form 1024.
    Abstract: Organizations seeking exemption from Federal Income tax 
under Internal Revenue Code section 501(a) as an organization described 
in most paragraphs of section 501(c) must use Form 1024 to apply for 
exemption. The information collected is used to determine whether the 
organization qualifies for tax-exempt status.
    Current Actions: There are no changes being made to the form at 
this time.
    Affected Public: Not-for-profit institutions.
    Estimated Number of Respondents: 9,692.
    Estimated Time per Response: 30 hours.
    Estimated Total Annual Burden Hours: 291,542.
    2. OMB Number: 1545-0099.
    Form Number: Form 1065.
    Abstract: IRC section 6031 requires partnerships to file returns 
that show gross income items, allowable deductions, partners' names, 
addresses, and distribution shares, and other information. This 
information is used to verify correct reporting of partnership items 
and for general statistics.
    Current Actions: There are no changes being made to the form at 
this time. A previous request for comments (75 FR 42831), was made in 
the Federal Register on July, 22, 2010.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Businesses and other for-profit institutions.
    Estimated Number of Respondents: 2,376,800.
    Estimated Time per Response: 100 hours.
    Estimated Total Annual Burden Hours: 721,761,123.
    3. OMB Number: 1545-0901.
    Form Number: Form 1098.
    Abstract: Form 1098 is used to report $600 or more of mortgage 
interest received from an individual in the course of the mortgagor's 
trade or business.
    Current Actions: There are no changes being made to the form at 
this time. A previous request for comments (75 FR 53737), was made in 
the Federal Register on September 1, 2010.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 66,989,155.
    Estimated Time per Response: 7 minutes.
    Estimated Total Annual Burden Hours: 8,038,699.
    4. OMB Number: 1545-0150.
    Form Number: Form 2848.
    Abstract: Form 2848 is used to authorize someone to act for the 
respondent in tax matters. It grants all powers that the taxpayer has 
except signing a return and cashing refund checks. Data is used to 
identify representatives and to ensure that confidential information is 
not divulged to unauthorized persons. Also used to input representative 
on CAF (Central Authorization File).
    Current Actions: There are no changes being made to the form at 
this time. A previous request for comments (75 FR 53021), was made in 
the Federal Register on August 30, 2010.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 533,333.
    Estimated Time per Response: 30 minutes.
    Estimated Total Annual Burden Hours: 928,583.
    5. OMB Number: 1545-1629.
    Form Number: Form 8867.
    Abstract: Form 8867 helps preparers meet the due diligence 
requirements of Code section 6695(g), which was added by section 
1085(a)(2) of the Taxpayer Relief Act of 1997. Paid preparers of 
Federal income tax returns or claims for refund involving the earned 
income credit (EIC) must meet the due diligence requirements in 
determining if the taxpayer is eligible for the EIC and the amount of 
the credit. Failure to do so could result in a $100 penalty for each 
failure. Completion of Form 8867 is one of the due diligency 
requirements.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households.
    Estimated Number of Respondents: 8,368,447.
    Estimated Time per Response: 1.79 hours.
    Estimated Total Annual Burden Hours: 14,979,521.
    The collaboration tool will maintain the official comments in which 
the Internal Revenue Service will use to determine potential changes to 
the form and/or to the estimated burden and costs associated with the 
collection. The Department believes the public comments received 
through the collaboration tool will reduce the paperwork burden on the 
public for Form 1023.

ADDRESSES: Submit comments by one of the following methods:
     http://www.PRAComment.gov.
     Gerald J. Shields, Internal Revenue Service, Room 6129, 
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 Gerald 
Shields at Internal Revenue Service, Room 6129, 1111 Constitution 
Avenue, NW., Washington, DC 20224, or at (202) 927-4374, or through the 
Internet at [email protected].

SUPPLEMENTARY INFORMATION: Title: Application for Recognition of 
Exemption Under Section 501(c)(3) of the Internal Revenue Code.
    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;

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and (e) estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Approved: September 22, 2010.
Gerald J. Shields,
IRS Reports Clearance Officer.
[FR Doc. 2010-24503 Filed 9-29-10; 8:45 am]
BILLING CODE 4830-01-P