Corporate Passive Activity Loss and Credit Limitations

ICR 200509-1545-022

OMB: 1545-1091

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
17801 Migrated
ICR Details
1545-1091 200509-1545-022
Historical Active 200209-1545-014
TREAS/IRS
Corporate Passive Activity Loss and Credit Limitations
Extension without change of a currently approved collection   No
Regular
Approved without change 11/18/2005
Retrieve Notice of Action (NOA) 09/22/2005
  Inventory as of this Action Requested Previously Approved
11/30/2008 11/30/2008 11/30/2005
100,000 0 100,000
3,749,000 0 3,749,000
0 0 0

Under section 469, losses and credits from passive activities, to the extent they exceed passive income (or, in the case of credits, the tax attributable to met passive income), are not allowed. Form 8810 is used by personal service corporations and closely held corporations to figure the passive activity loss and credits allowed and the amount of loss and credit to be reported on their tax return.

None
None


No

1
IC Title Form No. Form Name
Corporate Passive Activity Loss and Credit Limitations 8810

  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 100,000 100,000 0 0 0 0
Annual Time Burden (Hours) 3,749,000 3,749,000 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
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.
09/22/2005


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