Proposed Collection; Comment Request for Forms 1023 and 872-C

DEPARTMENT OF THE TREASURY

Internal Revenue Service

Proposed Collection; Comment Request for Forms 1023 and 872-C

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 Exemption Under Section

501(c)(3) of the Internal Revenue Code and Form 872-C, Consent Fixing

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

Internal Revenue Code.

DATES: Written comments should be received on or before April 20, 1998,

to be assured of consideration.

ADDRESSES: Direct all written comments to Garrick R. Shear, Internal

Revenue Service, room 5571, 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 Martha R.

Brinson, (202) 622-3869, Internal Revenue Service, room 5571, 1111

Constitution Avenue NW., Washington, DC 20224.

SUPPLEMENTARY INFORMATION:

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).

OMB Number: 1545-0056

Form Number: 1023 and 872-C

Abstract: Form 1023 is filed by applicants seeking Federal income

tax exemption as organizations described in Internal Revenue Code

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

Code section 4940.

Current Actions: There are no changes being made to the forms at

this time.

Type of Review: Extension of a currently approved collection.

[[Page 7854]]

Affected Public: Not-for-profit institutions.

Estimated Number of Respondents: 29,409

Estimated Time Per Respondent: 69 hr., 19 min.

Estimated Total Annual Burden Hours: 2,038,354

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: January 29, 1998.

Garrick R. Shear,

IRS Reports Clearance Officer.

[FR Doc. 98-3782 Filed 2-13-98; 8:45 am]

BILLING CODE 4830-01-U