The Internal Revenue Service (IRS) is asking for public comments on information collections related to the Payout Requirements for Type III Supporting Organizations that are not functionally integrated. This is part of their ongoing efforts to reduce the paperwork burden as required by the Paperwork Reduction Act of 1995. The IRS is interested in feedback on several aspects, including the necessity and accuracy of the information collected, ways to improve its quality, and methods to reduce the burden on respondents. Comments should be sent by April 19, 2021, to ensure consideration.
Simple Explanation
The IRS wants to know if the information they collect about certain organizations is helpful or if it's too much work for people to provide. They are asking everyone to give their thoughts by April 19, 2021.