T.D. 8537, Carryover of Passive Activity Losses and Credits and At Risk Losses to Bankruptcy Estates of Individuals

ICR 201109-1545-037

OMB: 1545-1375

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2011-09-28
ICR Details
1545-1375 201109-1545-037
Historical Active 200804-1545-015
TREAS/IRS jg-1375-037
T.D. 8537, Carryover of Passive Activity Losses and Credits and At Risk Losses to Bankruptcy Estates of Individuals
Extension without change of a currently approved collection   No
Regular
Approved without change 12/19/2011
Retrieve Notice of Action (NOA) 10/27/2011
  Inventory as of this Action Requested Previously Approved
12/31/2014 36 Months From Approved 12/31/2011
500 0 500
100 0 100
0 0 0

This document contains final regulations relating to the application of carryover of passive activity losses and credits and at risk losses to the bankruptcy estates of individuals. The final regulations affect individual taxpayers who file bankruptcy petitions under chapter 7 or chapter 11 of title 11 of the United States Code and have passive activity losses and credits under section 469 or losses under section 465.

US Code: 26 USC 469 Name of Law: Passive activity losses and credits limited
   US Code: 26 USC 465 Name of Law: Deductions limited to amount at risk
   US Code: 26 USC 1398 Name of Law: Rules relating to individuals' title 11 cases
  
None

Not associated with rulemaking

  76 FR 17991 03/31/2011
76 FR 66355 10/26/2011
No

1
IC Title Form No. Form Name
T.D. 8537, Carryover of Passive Activity Losses and Credits and At Risk Losses to Bankruptcy Estates of Individuals

  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 500 500 0 0 0 0
Annual Time Burden (Hours) 100 100 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$0
No
No
No
No
No
Uncollected
G. William Beard 202 622-4173 [email protected]

  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.
10/27/2011


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