The agency is
not required to display the expiration date.
Inventory as of this Action
Requested
Previously Approved
07/31/2000
07/31/2000
09/30/1997
10,730
0
10,730
7,726
0
7,511
0
0
0
This form is used by individuals,
partnerships, estates, trusts, and S corporations to make an
election to postpone an IRS determination as to whether an activity
is engaged in for profit. The election is made on form 5213 and
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.
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.