990-W Supporting Statement1()

5

SUPPORTING STATEMENT

(Form 990-W)

OMB # 1545-0976

^{1. CIRCUMSTANCES NECESSITATING COLLECTION OF INFORMATION}

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.

^{2. USE OF DATA}

The form is optional and is provided to help taxpayers determine their estimated tax liability and the amount of each installment payment.

^{3. USE OF IMPROVED INFORMATION TECHNOLOGY TO REDUCE BURDEN}

Form 990-W cannot be filed electronically, since its relatively low volume does not justify the cost electronic enabling.

^{4. EFFORTS TO IDENTIFY DUPLICATION}

We have attempted to eliminate duplication within the agency wherever possible.

5. METHODS TO MINIMIZE BURDEN ON SMALL BUSINESSES OR OTHER SMALL ENTITIES

There are no small entities affected by this collection.

6. CONSEQUENCES OF LESS FREQUENT COLLECTION ON FEDERAL PROGRAMS OR POLICY ACTIVITIES

If the IRS did not collect this information, the IRS would not be figure estimated tax liability on unrelated business income and on investment income for private foundations and the amount of each installment payment.

7. SPECIAL CIRCUMSTANCES REQUIRING DATA COLLECTION TO BE INCONSISTENT WITH GUIDELINES IN 5 CFR 1320.5(d)(2)

There are no special circumstances requiring data collection to be inconsistent with Guidelines in 5 CFR 1320.5(d)(2).

8. CONSULTATION WITH INDIVIDUALS OUTSIDE OF THE AGENCY ON AVAILABILITY OF DATA, FREQUENCY OF COLLECTION, CLARITY OF INSTRUCTIONS AND FORMS, AND DATA ELEMENTS

Periodic meetings are held between IRS personnel and

representatives of the American Bar Association, the National Society of Public Accountants, the American Institute of Certified Public Accountants, and other professional groups to discuss tax law and tax forms. During these meetings, there is an opportunity for those attending to make comments regarding Form 990-W.

In response to the Federal Register notice dated December 22, 2015, (80 FR 78652), we received no comments during the comment period regarding Form 990-W.

9. EXPLANATION OF DECISION TO PROVIDE ANY PAYMENT OR GIFT TO RESPONDENTS

No payment or gift has been provided to any respondents.

^{10. ASSURANCE OF CONFIDENTIALITY OF RESPONSES}

Generally, tax returns and tax return information are confidential as required by 26 USC 6103.

^{11. JUSTIFICATION OF SENSITIVE QUESTIONS}

No personally identifiable information (PII) is collected.

^{12. ESTIMATED BURDEN OF INFORMATION COLLECTION}

The burden estimate is as follows:

Number of Time per Total

^{Responses Response Hours}

990-W					17,995	15.08	271,365
990-W	(Sch.	A)	Part	I	560	12.84	7,191
990-W	(Sch.	A)	Part	II	3	26	78
990-W	(Sch.	A)	Part	III	593	4.82	2,859
Total					19,151		281,493

Estimates of the annualized cost to respondents for the hour burdens shown are not available at this time.

The following regulation imposes no additional burden. Please continue to assign OMB number 1545-0976 to this regulation.

1.6154-5

^{13. ESTIMATED TOTAL ANNUAL COST BURDEN TO RESPONDENTS}

There are no start-up costs associated with this collection.

^{14. ESTIMATED ANNUALIZED COST TO THE FEDERAL GOVERNMENT}

The primary cost to the government consists of the cost of printing Form 990-W. We estimate that the cost of printing the form is $1,631.

^{15. REASONS FOR CHANGE IN BURDEN}

A “new tax rate schedule for Corporations for 2014” and a “new tax rate schedule for Trusts for 2014” were added (IRC sec. 1(e)). This change will result in a program change increase of 61,183 hours and a total burden of 281,493 hours.

We are also making this submission to renew the OMB approval.

^{16. PLANS FOR TABULATION, STATISTICAL ANALYSIS AND PUBLICATION}

There are no plans for tabulation, statistical analysis and publication.

^{17. REASONS WHY DISPLAYING THE OMB EXPIRATION DATE IS INAPPROPRIATE}

We believe that displaying the OMB expiration date is inappropriate because it could cause confusion by leading taxpayers to believe that the form will sunset as of the expiration date. Taxpayers are not likely to be aware that the IRS intends to request renewal of the OMB approval and obtain a new expiration date before the old one expires.

^{18. EXCEPTIONS TO THE CERTIFICATION STATEMENT}

There are no exceptions to the certification statement for this collection.

Note: The following paragraph applies to all of the collections of information in this submission:

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.