Request for Section 754 Revocation (Form 15254)

ICR 202008-1545-017

OMB: 1545-2297

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
New
Supporting Statement A
2021-01-07
IC Document Collections
ICR Details
202008-1545-017
Received in OIRA
TREAS/IRS
Request for Section 754 Revocation (Form 15254)
New collection (Request for a new OMB Control Number)   No
Regular 01/07/2021
  Requested Previously Approved
36 Months From Approved
50 0
256 0
0 0

The data is the same collected on the Form 1065 U.S. Return of Partnership Income and will be used to contact the partnership and make a determination regarding whether the Section 754 revocation request will be approved or denied.

US Code: 26 USC 754 Name of Law: Manner of electing optional adjustment to basis of partnership property
  
None

Not associated with rulemaking

  85 FR 55936 09/10/2020
86 FR 189 01/04/2021
Yes

1
IC Title Form No. Form Name
Request for Section 754 Revocation IRS Form 15254 Request for Section 754 Revocation

  Total Request 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 50 0 0 50 0 0
Annual Time Burden (Hours) 256 0 0 256 0 0
Annual Cost Burden (Dollars) 0 0 0 0 0 0
Yes
Miscellaneous Actions
No
This is a new form. The increase in burden is the burden hours associated with this new collection.

$0
No
    Yes
    No
No
No
No
No
Adreinne Cooper 414 231-2306 adrienne.n.cooper@irs.gov

  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.
01/07/2021


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