Passive Activity Credit Limitations

ICR 200402-1545-046

OMB: 1545-1034

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
40004 Migrated
ICR Details
1545-1034 200402-1545-046
Historical Active 200402-1545-038
TREAS/IRS
Passive Activity Credit Limitations
No material or nonsubstantive change to a currently approved collection   No
Regular
Approved without change 02/13/2004
Retrieve Notice of Action (NOA) 02/13/2004
  Inventory as of this Action Requested Previously Approved
12/31/2006 12/31/2006 12/31/2006
900,000 0 900,000
7,111,800 0 7,111,200
0 0 0

Under section 469, credits from passive activities, to the extent they do not exceed the tax attributable to net passive income, are not allowed. Form 8582-CR is used to figure the passive activity credit allowed and the amount of credit to be reported on the tax return.

None
None


No

1
IC Title Form No. Form Name
Passive Activity Credit Limitations 8582-CR

  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 900,000 900,000 0 0 0 0
Annual Time Burden (Hours) 7,111,800 7,111,200 0 600 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
No

$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.
02/13/2004


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