Form 8894---Request to Revoke Partnership Level Tax Treatment Election

ICR 201203-1545-001

OMB: 1545-1955

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supplementary Document
2009-01-09
Supporting Statement A
2012-03-02
IC Document Collections
ICR Details
1545-1955 201203-1545-001
Historical Active 200901-1545-010
TREAS/IRS EC-1545-1955
Form 8894---Request to Revoke Partnership Level Tax Treatment Election
Extension without change of a currently approved collection   No
Regular
Approved without change 05/28/2012
Retrieve Notice of Action (NOA) 03/29/2012
  Inventory as of this Action Requested Previously Approved
05/31/2015 36 Months From Approved 05/31/2012
100 0 100
186 0 186
0 0 0

IRC section 6231(a)(1)(B)(ii) allows small partnerships to elect to be treated under the unified audit and litigation procedures. This election can only be revoked with the consent of the IRS. Form 8894 will provide a standardize format for small partnership to request this revocation and for the IRS to process it.

US Code: 26 USC 6231(a)(1)(B)(ii) Name of Law: Exception for small partnerships
  
None

Not associated with rulemaking

  76 FR 63992 10/14/2011
77 FR 18882 03/28/2012
No

1
IC Title Form No. Form Name
Form 8894---Request to Revoke Partnership Level Tax Treatment Election Form 8894 Request to Revoke Partnership Level Tax Treatment Election

  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 100 100 0 0 0 0
Annual Time Burden (Hours) 186 186 0 0 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
No
No

$1,000
No
No
No
No
No
Uncollected
D. Buchanan 202 622-3085

  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.
03/29/2012


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