Public Information Collection Requirements Submitted to OMB for Review

DEPARTMENT OF THE TREASURY

Public Information Collection Requirements Submitted to OMB for

Review

April 7, 1995.

The Department of Treasury has submitted the following public

information collection requirement(s) to OMB for review and clearance

under the Paperwork Reduction Act of 1980, Public Law 96-511. Copies of

the submission(s) may be obtained by calling the Treasury Bureau

Clearance Officer listed. Comments regarding this information

collection should be addressed to the OMB reviewer listed and to the

Treasury Department Clearance Officer, Department of the Treasury, Room

2110, 1425 New York Avenue, NW., Washington, DC 20220.

Internal Revenue Service (IRS)

OMB Number: 1545-0056.

Form Number: IRS Forms 1023 and 872-C.

Type of Review: Revision.

Title: Application for Recognition of Exemption Under Section

501(c)(3) of the Internal Revenue Code (Form 1023); and Consent Fixing

Period of Limitation Upon Assessment of Tax Under Section 4940 of the

Internal Revenue Code (Form 872-C).

Description: Form 1023 is filed by applicants seeking Federal

income tax exemption as organizations described in section 501(c)(3).

IRS uses the information to determine if the applicant is exempt and

whether the applicant is a private foundation. Form 872-C extends the

statute of limitations for assessing tax under section 4940.

Respondents: Not-for-profit institutions.

Estimated Number of Respondents/Recordkeepers: 29,409.

Estimated Burden Hours Per Respondent/Recordkeeper:

--------------------------------------------------------------------------------------------------------------------------------------------------------

Learning about the law Preparing, and sending

Form Recordkeeping of the form the form to IRS

--------------------------------------------------------------------------------------------------------------------------------------------------------

1023 Parts I to IV........................................................ 55 hr., 29min. 4 hr., 37 min. 8 hr., 7 min.

1023 Sch. A............................................................... 7 hr., 10 min. 0 min. 7 min.

1023 Sch. B............................................................... 4 hr., 47min. 30 min. 36 min.

1023 Sch. C............................................................... 5 hr., 1 min. 35 min. 43 min.

1023 Sch. D............................................................... 4 hr., 4 min. 42 min. 47 min.

1023 Sch. E............................................................... 9 hr., 20 min. 1 hr., 5 min. 1 hr., 17 min.

1023 Sch. F............................................................... 2 hr., 39 min. 2 hr., 53 min. 3 hr., 3 min.

1023 Sch. G............................................................... 2 hr., 38 min. 0 min. 2 min.

1023 Sch. H............................................................... 1 hr., 55 min. 42 min. 46 min.

1023 Sch. I............................................................... 3 hr., 35 min. 0 min. 4 min.

872-C..................................................................... 1 hr., 26 min. 24 min. 26 min.

--------------------------------------------------------------------------------------------------------------------------------------------------------

Frequency of Response: On occasion.

Estimated Total Reporting/Recordkeeping Burden: 2,038,354 hours.

OMB Number: 1545-0976.

Form Number: IRS Form 990-W.

Type of Review: Revision.

Title: Estimated Tax on Unrelated Business Taxable Income for Tax-

Exempt Organizations.

Description: Form 990-W is used by tax-exempt trusts and tax-exempt

corporations to figure estimated tax liability on unrelated business

income and on investment income for private foundations and the amount

of each installment payment. Form 990-W is a worksheet only. It is not

required to be filed.

Respondents: Not-for-profit institutions, Businesses or other for-

profit.

Estimated Number of Respondents/Recordkeepers: 27,265.

Estimated Burden Hours Per Respondent/Recordkeepers:

----------------------------------------------------------------------------------------------------------------

Learning about the law

Form Recordkeeping of the form Preparing the form

----------------------------------------------------------------------------------------------------------------

990-W............................. 8 hr., 8 min. 1 hr., 29 min. 1 hr., 41 min.

990-W, Sch. A (Pt. 1)............. 11 hr., 14 min. 18 min. 29 min.

990-W, Sch. A (Pt. II)............ 23 hr., 26 min. 18 min. 41 min.

990-W, Sch. A (Pt. III)........... 5 hr., 16 min. 0 min. 5 min.

Tax computation for trusts........ 2 hr., 52 min. 0 min. 3 min.

----------------------------------------------------------------------------------------------------------------

Frequency of Response: Annually.

Estimated Total Reporting/Reporting Burden: 323,309 hours.

Clearance Officer: Garrick Shear (202) 622-3869, Internal Revenue

Service, Room 5571, 1111 Constitution Avenue, N.W., Washington, DC

20224

OMB Reviewer: Milo Sunderhauf (202) 395-7340, Office of Management and

Budget, Room 10226, New Executive Office Building, Washington, DC 20503

Lois K. Holland,

Departmental Reports Management Officer.

[FR Doc. 95-9130 Filed 4-12-95; 8:45 am]

BILLING CODE 4830-01-P