[Federal Register Volume 76, Number 199 (Friday, October 14, 2011)]
[Notices]
[Pages 63993-63994]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-26682]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


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 Implementation of Form 990.

DATES: Written comments should be received on or before December 13, 
2011 to be assured of consideration.

ADDRESSES: Direct all written comments to Yvette B. Lawrence, 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 Elaine Christophe at 
Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or at (202) 622-3179, or through the Internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Implementation of Form 990.
    OMB Number: 1545-2117.
    Regulation Project Number: TD 9423 & TD 9549.
    Abstract: This document contains final regulations necessary to 
implement the redesigned Form 990, ``Return of Organization Exempt From 
Income Tax.'' The final regulations contained in TD 9549 make revisions 
to the regulations 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 
final regulations also eliminate the advance ruling process for new 
organizations,

[[Page 63994]]

change the public support computation period for publicly supported 
organizations 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 to file 
annual information returns are affected by these regulations.
    Current Actions: TD 9423 is being modified by TD 9549 published on 
September 8, 2011. TD 9423 is also being submitted for renewal 
purposes.
    Affected Public: Not-for-profit organizations.
    Estimated Number of Respondents: 1.
    Estimated Time per Respondent: 1 hour.
    Estimated Total Annual Burden Hours: 1.
    Current Actions: Final TD 9549 is being added to this set of 
information collections.
    Affected Public: Not-for-profit organizations.
    Estimated Number of Respondents: 1.
    Estimated Time per Respondent: 1 hour.
    Estimated Total Annual Burden Hours: 1.
    Type of Review: Revision of a currently approved collection.
    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: October 5, 2011.
Yvette B. Lawrence,
IRS Reports Clearance Officer.
[FR Doc. 2011-26682 Filed 10-13-11; 8:45 am]
BILLING CODE 4830-01-P