82 FR 48319 - Proposed Collection; Comment Request for Form 8582

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 199 (October 17, 2017)

Page Range		48319-48319
FR Document		2017-22402

Federal Register, Volume 82 Issue 199 (Tuesday, October 17, 2017)

[Federal Register Volume 82, Number 199 (Tuesday, October 17, 2017)]
[Notices]
[Page 48319]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-22402]



[[Page 48319]]

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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 8582

AGENCY: Internal Revenue Service (IRS), Treasury.

ACTION: The Internal Revenue Service (IRS), 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. The IRS is soliciting comments 
concerning information collection requirements related to Passive 
Activity Loss Limitations.

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DATES: Written comments should be received on or before December 18, 
2017 to be assured of consideration.

ADDRESSES: Direct all written comments to L. Brimmer, Internal Revenue 
Service, Room 6526, 1111 Constitution Avenue NW., Washington, DC 20224. 
Requests for additional information or copies of the regulation should 
be directed to Taquesha Cain, Room 6526, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the internet at 
[email protected].

SUPPLEMENTARY INFORMATION: 
    Title: Passive Activity Loss Limitations.
    OMB Number: 1545-1008.
    Form Number: 8582.
    Abstract: Internal Revenue Code section 469 limits the passive 
activity losses that a taxpayer may deduct. The passive activity losses 
from passive activities, to the extent that they exceed income from 
passive activities, cannot be deducted against nonpassive income. Form 
8582 is used to figure the passive activity loss allowed and the actual 
loss to be reported on the tax returns.
    Current Actions: There is no change in the paperwork burden 
previously approved by OMB.
    Type of Review: Extension of a currently approved collection.
    Affected Public: Individuals or households, estates, and trusts.
    Estimated Number of Respondents: 250,000.
    Estimated Time per Respondent: 3 hours, 30 minutes.
    Estimated Total Annual Burden Hours: 875,000.
    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 start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

    Approved: October 12, 2017.
L. Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-22402 Filed 10-16-17; 8:45 am]
 BILLING CODE 4830-01-P

Federal Register / Vol. 82, No. 199 / Tuesday, October 17, 2017 / Notices 48319

DEPARTMENT OF THE TREASURY respond to, a collection of information DATES: Comments must be submitted on
unless the collection of information or before November 16, 2017.
Internal Revenue Service displays a valid OMB control number. ADDRESSES: Submit written comments
Books or records relating to a collection on the collection of information through
Proposed Collection; Comment of information must be retained as long www.Regulations.gov, or to Office of
Request for Form 8582 as their contents may become material Information and Regulatory Affairs,
AGENCY: Internal Revenue Service (IRS), in the administration of any internal Office of Management and Budget, Attn:
Treasury. revenue law. Generally, tax returns and VA Desk Officer; 725 17th St. NW.,
ACTION: The Internal Revenue Service
tax return information are confidential, Washington, DC 20503 or sent through
(IRS), as part of its continuing effort to as required by 26 U.S.C. 6103. electronic mail to oira_submission@
Request for Comments: Comments omb.eop.gov. Please refer to ‘‘OMB
reduce paperwork and respondent
submitted in response to this notice will Control No. 2900–0089’’ in any
burden, invites the general public and
be summarized and/or included in the correspondence.
other Federal agencies to take this
request for OMB approval. All
opportunity to comment on proposed FOR FURTHER INFORMATION CONTACT:
comments will become a matter of
and/or continuing information Cynthia Harvey-Pryor, Office of Quality,
public record. Comments are invited on:
collections, as required by the Privacy and Risk, Department of
(a) Whether the collection of
Paperwork Reduction Act of 1995. The Veterans Affairs, 811 Vermont Avenue,
information is necessary for the proper
IRS is soliciting comments concerning Floor 5, Area 368, Washington, DC
performance of the functions of the
information collection requirements 20420, (202) 461–5870 or email
agency, including whether the
related to Passive Activity Loss cynthia.harvey-pryor@va.gov. Please
information shall have practical utility;
Limitations. refer to ‘‘OMB Control No. 2900–0089’’
(b) the accuracy of the agency’s estimate
of the burden of the collection of in any correspondence.
DATES: Written comments should be SUPPLEMENTARY INFORMATION:
received on or before December 18, 2017 information; (c) ways to enhance the
to be assured of consideration. quality, utility, and clarity of the Authority: 38 U.S.C. 102, 38 U.S.C. 1315.
information to be collected; (d) ways to
ADDRESSES: Direct all written comments Title: Statement of Dependency of
minimize the burden of the collection of
to L. Brimmer, Internal Revenue Parent(s) VA Form 21P–509.
information on respondents, including
Service, Room 6526, 1111 Constitution OMB Control Number: 2900–0089.
through the use of automated collection Type of Review: Reinstatement with
Avenue NW., Washington, DC 20224. techniques or other forms of information
Requests for additional information or change of a previously approved
technology; and (e) estimates of capital collection.
copies of the regulation should be or start-up costs and costs of operation,
directed to Taquesha Cain, Room 6526, Abstract: 38 U.S.C. 102 requires that
maintenance, and purchase of services income and dependency must be
1111 Constitution Avenue NW., to provide information.
Washington, DC 20224, or through the determined before benefits may be paid
internet at Taquesha.R.Cain@irs.gov. Approved: October 12, 2017. to, or for, a dependent parent.
SUPPLEMENTARY INFORMATION: L. Brimmer, Regulatory authority is found in 38 CFR
Title: Passive Activity Loss Senior Tax Analyst. 3.4 and 38 CFR 3.250. Information is
Limitations. [FR Doc. 2017–22402 Filed 10–16–17; 8:45 am] requested by this form under the
OMB Number: 1545–1008. BILLING CODE 4830–01–P authority of 38 U.S.C. 501(a)(2).
Form Number: 8582. VA Form 21P–509 is used by VBA to
Abstract: Internal Revenue Code gather income and dependency
section 469 limits the passive activity DEPARTMENT OF VETERANS information from claimants who are
losses that a taxpayer may deduct. The AFFAIRS seeking payment of benefits as, or for, a
passive activity losses from passive dependent parent. This information is
activities, to the extent that they exceed [OMB Control No. 2900–0089] necessary to determine dependency of
income from passive activities, cannot the parent and make determinations
Agency Information Collection Activity which affect the payment of monetary
be deducted against nonpassive income. Under OMB Review: Statement of
Form 8582 is used to figure the passive benefits. The form is used by a veteran
Dependency of Parent(s) seeking to establish his/her parent(s) as
activity loss allowed and the actual loss
to be reported on the tax returns. AGENCY: Veterans Benefits dependent(s), and by a surviving parent
Current Actions: There is no change Administration, Department of Veterans seeking death compensation.
in the paperwork burden previously Affairs. An agency may not conduct or
approved by OMB. ACTION: Notice. sponsor, and a person is not required to
Type of Review: Extension of a respond to a collection of information
currently approved collection. SUMMARY: In compliance with the unless it displays a currently valid OMB
Affected Public: Individuals or Paperwork Reduction Act (PRA) of control number. The Federal Register
households, estates, and trusts. 1995, this notice announces that the Notice with a 60-day comment period
Estimated Number of Respondents: Veterans Benefits Administration soliciting comments on this collection
250,000. (VBA), Department of Veterans Affairs, of information was published at 82 FR
Estimated Time per Respondent: 3 will submit the collection of 37168 on August 8, 2017.
information abstracted below to the
sradovich on DSK3GMQ082PROD with NOTICES

hours, 30 minutes. Affected Public: Individuals or
Estimated Total Annual Burden Office of Management and Budget Households.
Hours: 875,000. (OMB) for review and comment. The Estimated Annual Burden: 4,000.
The following paragraph applies to all PRA submission describes the nature of Estimated Average Burden per
of the collections of information covered the information collection and its Respondent: 30 minutes.
by this notice: expected cost and burden and it Frequency of Response: Once, ad hoc.
An agency may not conduct or includes the actual data collection Estimated Number of Respondents:
sponsor, and a person is not required to instrument. 8,000.

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Document Created: 2017-10-17 01:11:15
Document Modified: 2017-10-17 01:11:15

Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
Action		The Internal Revenue Service (IRS), 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. The IRS is soliciting comments concerning information collection requirements related to Passive Activity Loss Limitations.
Dates		Written comments should be received on or before December 18, 2017 to be assured of consideration.
FR Citation		82 FR 48319

82 FR 48319 - Proposed Collection; Comment Request for Form 8582

DEPARTMENT OF THE TREASURYInternal Revenue Service

Federal Register Volume 82, Issue 199 (October 17, 2017)

DEPARTMENT OF THE TREASURY
Internal Revenue Service