This notice provides interim guidance regarding application of new or revised requirements under sections 1231 and 1241-1244 of the Pension Protection Act of 2006. It also provides interim relief from application of new excise taxes on private foundation grants to supporting organizations and on sponsoring organizations of donor advised funds.
The Notice provides immediate guidance and relief to taxpayers with regard to the excise taxes imposed by PPA 06Â. The Commissioner TEGE is requesting public release of this Notice on December 1, 2006, in order to provide the affected taxpayers with timely and effective relief before the end of the year. The Notice cannot be released without a valid OMB control number.
An emergency request for a valid OMB control number is necessitated in this instance as a result of the short time period between the date of enactment of PPA 06Â and effective dates of the applicable provisions as well as after taking into consideration the time needed by the Service and the Treasury to identify the issues and provide meaningful responses.
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
daf so notice nov20.doc
Notice 2006-xx - Interim Guidance Regarding Supporting Organizations and Donor Advised Funds