87 FR 245 pgs. 78766-78767 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. Tax-Exempt Income Tax Returns
Type: NOTICEVolume: 87Number: 245Pages: 78766 - 78767
Pages: 78766, 78767FR document: [FR Doc. 2022-27886 Filed 12-21-22; 8:45 am]
Agency: Treasury Department
Official PDF Version: PDF Version
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DEPARTMENT OF THE TREASURY
Agency Information Collection Activities; Submission for OMB Review; Comment Request; U.S. Tax-Exempt Income Tax Returns
AGENCY:
Departmental Offices, Department of the Treasury.
ACTION:
Notice of information collection; request for comment.
SUMMARY:
[top] The Department of the Treasury will submit the following information collection request to the
DATES:
Comments should be received on or before January 23, 2023 to be assured of consideration.
ADDRESSES:
Written comments and recommendations for the proposed information collection should be sent within 30 days of publication of this notice to www.reginfo.gov/public/do/PRAMain. Find this particular information collection by selecting "Currently under 30-day Review-Open for Public Comments" or by using the search function.
FOR FURTHER INFORMATION CONTACT:
Copies of the submissions may be obtained from Spencer W. Clark by emailing PRA@treasury.gov, calling (202) 927-5331, or viewing the entire information collection request at www.reginfo.gov.
SUPPLEMENTARY INFORMATION:
Internal Revenue Service (IRS)
Title: U.S. Tax-Exempt Income Tax Returns.
OMB Control Number: 1545-0047.
Type of Review: Revision of a currently approved collection.
Description: These forms and schedules are used to determine that tax-exempt organizations fulfill the operating conditions within the limitations of their tax exemption. The data is also used for general statistical purposes.
Current Actions: There have been changes in IRS guidance documents related to various forms approved under this approval package during the past year. There have been additions of forms included in this approval package. Based on updated survey data and actual population counts, there is an overall estimated increase of 14,500,000 hours of burden and $22,600,000 in out-of-pocket costs on respondents. This adjustment in estimates is driven by both an increase in the number filers as well as expected and observed inflation.
Form: Forms 990, 990-BL, 990-EZ, 990-N, 990-PF, 990-T, 990-W, 1023, 1023-EZ, 1024, 1024-A, 1028, 1120-POL, 4720, 5578, 5884-C, 5884-D, 6069, 6497, 7203, 8038, 8038-B, 8038-CP, 8038-G, 8038-GC, 8038-R, 8038-T, 8038-TC, 8282, 8328, 8330, 8453-TE., 8453-X, 8718, 8868, 8870, 8871, 8872, 8879-TE, 8886-T, 8899 and all other related forms, schedules, and attachments.
Affected Public: Not-for-profit Organizations.
Estimated Number of Respondents: 1,684,700.
Frequency of Response: Varies by form: annually, once or on occasion.
Estimated Total Number of Annual Responses: 1,684,700.
Estimated Time per Response: 43 hours, 10 minutes.
Estimated Total Annual Burden Hours: 72,720,000.
| Type of return | Form 990 | Form 990-EZ | Form 990-PF | Form 990-T | Form 990-N | |
|---|---|---|---|---|---|---|
| Projections of the Number of Returns to be Filed with IRS | 333,400 | 245,200 | 122,700 | 239,600 | 743,800 | |
| Estimates Average Total Time (Hours) | 107 | 64 | 53 | 46 | 5 | |
| Estimated Average Total Out-of-Pocket Costs | $2,600 | $500 | $1,900 | $2,100 | $20 | |
| Estimated Average Total Monetized Burden | $8,700 | $1,400 | $4,100 | $5,600 | $90 | |
| Estimates Total Time (Hours) | 35,780,000 | 15,770,000 | 6,510,000 | 10,940,000 | 3,720,000 | |
| Estimated Total Out-of-Pocket Costs | $867,200,000 | $118,600,000 | $237,200,000 | $512,700,000 | $13,800,000 | |
| Estimated Total Monetized Burden | $2,916,100,000 | $335,200,000 | $501,300,000 | $1,346,200,000 | $64,800,000 | |
| Source: IRS:RAAS:KDA:TBL (Dec 2022). | ||||||
| Total positive income | Average time (hrs) | Average out-of-pocket costs | Average monetized burden |
|---|---|---|---|
| 1. <10k | 42 | $331 | $744 |
| 2. 10k to 50k | 70 | 578 | 1,418 |
| 3. 50k to 100l | 81 | 721 | 1,922 |
| 4. 100k to 1mil | 91 | 1,507 | 4,264 |
| 5. >1mil | 109 | 3,886 | 13,308 |
| Source: IRS:RAAS:KDA:TBL (Dec 2022). | |||
Authority: 44 U.S.C. 3501 et seq.
Spencer W. Clark,
Treasury PRA Clearance Officer.
[FR Doc. 2022-27886 Filed 12-21-22; 8:45 am]
BILLING CODE 4830-01-P