ELECTION TO POSTPONE DETERMINATION

ICR 198406-1545-010

OMB: 1545-0195

Federal Form Document

Forms and Documents
Document
Name
Status
No forms / supporting documents in this ICR. Check IC Document Collections.
IC Document Collections
IC ID
Document
Title
Status
170309 Migrated
ICR Details
1545-0195 198406-1545-010
Historical Active 198309-1545-017
TREAS/IRS
ELECTION TO POSTPONE DETERMINATION
No material or nonsubstantive change to a currently approved collection   No
Emergency 06/22/1984
Approved with change 06/22/1984
Retrieve Notice of Action (NOA) 06/22/1984
  Inventory as of this Action Requested Previously Approved
09/30/1986 09/30/1986 09/30/1986
10,730 0 11,297
7,803 0 8,216
0 0 0

IRC SECTION 183 ALLOWS TAXPAYERS TO POSTPONE A DETERMINATION AS TO WHETHER AN ACTIVITY IS ENTERED INTO FOR PROFIT, OR IS IN THE NATURE OF A NON-DEDUCTIBLE HOBBY. THE ELECTION ON FORM 5213 ALLOWS TAXPAYERS 5 YEARS (7 YEARS FOR BREEDING, TRAINING, SHOWING, OR RACING HORSES) TO SHOW A PROFIT FROM AN ACTIVITY. THE DATA IS USED TO VERIFY ELIGIBILITY TO MAKE THE ELECTION.

None
None


No

1
IC Title Form No. Form Name
ELECTION TO POSTPONE DETERMINATION 5213

  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 10,730 11,297 0 -567 0 0
Annual Time Burden (Hours) 7,803 8,216 0 -413 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
Yes

$0
No
No
Uncollected
Uncollected
Uncollected
Uncollected

  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.
06/22/1984


© 2024 OMB.report | Privacy Policy