Federal Register: December 12, 2000 (Volume 65, Number 239)
DOCID: FR Doc 00-31501
DEPARTMENT OF THE TREASURY
Internal Revenue Service
PS ID: [PS-80-93]
ACTION: Agency information collection activities:
DOCUMENT ACTION: Notice and request for comments.
Proposed Collection; Comment Request for Regulation Project
DATES: Written comments should be received on or before February 12, 2001 to be assured of consideration.
The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 10413 (44 U.S.C. 3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning an existing final regulation, PS8093 (TD 8645), Rules for Certain Rental Real Estate Activities (Section 1.4699).
Proposed collection; comment request,
Title: Rules for Certain Rental Real Estate Activities.
OMB Number: 15451455.
Regulation Project Number: PS8093.
Abstract: This regulation provides rules relating to the treatment of rental real estate activities of certain taxpayers under the passive activity loss and credit limitations of Internal Revenue Code section 469.
Current Actions: There is no change to this existing regulation.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, and business or other forprofit organizations.
Estimated Number of Respondents: 20,100.
Estimated Time Per Respondent: 9 minutes.
Estimated Total Annual Burden Hours: 3,015.
The following paragraph applies to all of the collections of information covered by this notice:
An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information unless the collection of information displays a valid OMB control number. Books or records relating to a collection of information must be retained as long as their contents may become material in the administration of any internal revenue law. Generally, tax returns and tax return information are confidential, as required by 26 U.S.C. 6103.
Request for Comments
Comments submitted in response to this notice will be summarized
and/or included in the request for OMB approval. All comments will
become a matter of public record. Comments are invited on: (a) Whether
the collection of information is necessary for the proper performance
of the functions of the agency, including whether the information shall
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the collection of information; (c) ways to enhance the
quality, utility, and clarity of the information to be collected; (d)
ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology; and (e) estimates
of capital or startup costs and costs of operation, maintenance, and purchase of services to provide information.
Approved: November 29, 2000.
Garrick R. Shear,
IRS Reports Clearance Officer.
[FR Doc. 0031501 Filed 121100; 8:45 am] BILLING CODE 483001P
FOR FURTHER INFORMATION CONTACT
Requests for additional information or copies of the regulation should be directed to Martha R. Brinson, (202) 6223869, Internal Revenue Service, room 5244, 1111 Constitution Avenue NW., Washington, DC 20224.