Extension without change of a currently approved collection
No
Regular
08/28/2019
Requested
Previously Approved
36 Months From Approved
01/31/2021
300,000
300,000
2,370,600
2,370,600
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.
US Code:
26
USC 469 Name of Law: Passive Activity Losses and Credits
Limited
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.