The Department of the Treasury is seeking public comments on information collection requests it plans to submit to the Office of Management and Budget (OMB). These collections are related to tax-exempt organizations, which file various forms to maintain their exempt status under the Internal Revenue Code. The forms help ensure that these organizations meet the requirements of their tax-exempt status and are also used for statistical purposes. Comments from the public are invited and should be submitted by February 26, 2021.
Simple Explanation
The Department of the Treasury wants to hear from people about some forms that charities and similar groups have to fill out to keep their tax benefits. They want to make sure the forms aren't too hard or expensive for these groups.