Notice 2007-70 - Charitable Contributions of Certain Motor Vehicles, Boats, and Airplanes. Reporting requirements under Sec. 170(f)(12)(D)

ICR 200906-1545-041

OMB: 1545-1980

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2009-06-19
Supplementary Document
2009-06-19
ICR Details
1545-1980 200906-1545-041
Historical Active 200604-1545-036
TREAS/IRS ah-1980-041
Notice 2007-70 - Charitable Contributions of Certain Motor Vehicles, Boats, and Airplanes. Reporting requirements under Sec. 170(f)(12)(D)
Revision of a currently approved collection   No
Regular
Approved without change 08/17/2009
Retrieve Notice of Action (NOA) 06/29/2009
  Inventory as of this Action Requested Previously Approved
08/31/2012 36 Months From Approved 08/31/2009
4,300 0 4,300
21,930 0 21,500
0 0 0

Charitable organizations are required to send an acknowledgement of car donations to the donor and to the Service. The purpose of is to prevent donors from taking inappropriate deductions.

US Code: 26 USC 170(f)(12) Name of Law: Contributions used for motor vehicles, boats, and airplanes
   US Code: 26 USC 6720 Name of Law: Fraudulent acknowledgements with respect to donations of motor vehicles, boats, and airplanes.
  
None

Not associated with rulemaking

  74 FR 10345 03/10/2009
74 FR 30677 06/26/2009
No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 4,300 4,300 0 0 0 0
Annual Time Burden (Hours) 21,930 21,500 0 430 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
This notice provides information on where to file a completed Form 1098-C, Contributions of Motor Vehicles, Boats, and Airplanes, an information form used by a donee organization to report a contribution of a qualified vehicle with a claimed value of more than $500, for calendar years ending on or after December 31, 2008. This notice changes where to file a completed Form I098-C as described in Section 3 of Notice 2006-1,2006-1 CB. 347. Based on updated time estimates Notice 2007-70 modifies Notice 2006-01 and results in a net increase of 430 hours.

$0
No
No
Uncollected
Uncollected
No
Uncollected
Sean Barnett 2022838912

  No

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.
06/29/2009


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