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Title: Passive Activity Loss Approved: June 21, 2005. Estimated Time Per Respondent: 44
Limitations. Glenn P. Kirkland, minutes.
OMB Number: 1545–1008. IRS Reports Clearance Officer. Estimated Total Annual Burden
[FR Doc. E5–3364 Filed 6–27–05; 8:45 am] Hours: 148.
Form Number: 8582. The following paragraph applies to all
BILLING CODE 4830–01–P
Abstract: Under Internal Revenue of the collections of information covered
Code section 469, losses from passive by this notice:
activities, to the extent that they exceed DEPARTMENT OF THE TREASURY An agency may not conduct or
income from passive activities, cannot sponsor, and a person is not required to
be deducted against nonpassive income. Internal Revenue Service respond to, a collection of information
Form 8582 is used to figure the passive unless the collection of information
activity loss allowed and the loss to be Proposed Collection; Comment displays a valid OMB control number.
reported on the tax returns. Request for Form 3491 Books or records relating to a collection
Current Actions: There are no major of information must be retained as long
AGENCY: Internal Revenue Service (IRS),
changes being made to the form at this as their contents may become material
Treasury.
time. in the administration of any internal
ACTION: Notice and request for
revenue law. Generally, tax returns and
Type of Review: Extension of a comments. tax return information are confidential,
currently approved collection. as required by 26 U.S.C. 6103.
SUMMARY: The Department of the
Affected Public: Business or other for- Treasury, as part of its continuing effort Request For Comments: Comments
profit organizations, individuals, and to reduce paperwork and respondent submitted in response to this notice will
farms. burden, invites the general public and be summarized and/or included in the
Estimated Number of Respondents: other Federal agencies to take this request for OMB approval. All
3,622,282. opportunity to comment on proposed comments will become a matter of
Estimated Time Per Respondent: 4 and/or continuing information public record. Comments are invited on:
hours, 43 minutes. collections, as required by the (a) Whether the collection of
Paperwork Reduction Act of 1995, information is necessary for the proper
Estimated Total Annual Burden performance of the functions of the
Hours: 17,435,949. Public Law 104–13 (44 U.S.C.
3506(c)(2)(A)). Currently, the IRS is agency, including whether the
The following paragraph applies to all soliciting comments concerning Form information shall have practical utility;
of the collections of information covered 3491, Consumer Cooperative Exemption (b) the accuracy of the agency’s estimate
by this notice: Application. of the burden of the collection of
An agency may not conduct or DATES: Written comments should be
information; (c) ways to enhance the
sponsor, and a person is not required to received on or before August 29, 2005, quality, utility, and clarity of the
respond to, a collection of information to be assured of consideration. information to be collected; (d) ways to
unless the collection of information minimize the burden of the collection of
ADDRESSES: Direct all written comments
displays a valid OMB control number. information on respondents, including
to Glenn P. Kirkland, Internal Revenue
Books or records relating to a collection through the use of automated collection
Service, room 6516, 1111 Constitution
of information must be retained as long techniques or other forms of information
Avenue, NW., Washington, DC 20224.
as their contents may become material technology; and (e) estimates of capital
FOR FURTHER INFORMATION CONTACT: or start-up costs and costs of operation,
in the administration of any internal Requests for additional information or
revenue law. Generally, tax returns and maintenance, and purchase of services
copies of the form and instructions to provide information.
tax return information are confidential, should be directed to R. Joseph Durbala,
as required by 26 U.S.C. 6103. (202) 622–3634, Internal Revenue Approved: June 21, 2005.
Request For Comments: Comments Service, room 6516, 1111 Constitution Glenn P. Kirkland,
submitted in response to this notice will Avenue, NW., Washington, DC 20224, IRS Reports Clearance Officer.
be summarized and/or included in the or through the Internet at [FR Doc. E5–3366 Filed 6–27–05; 8:45 am]
request for OMB approval. All RJoseph.Durbala@irs.gov. BILLING CODE 4830–01–P
comments will become a matter of
SUPPLEMENTARY INFORMATION:
public record. Comments are invited on: Title: Consumer Cooperative
(a) Whether the collection of Exemption Application. DEPARTMENT OF THE TREASURY
information is necessary for the proper OMB Number: 1545–1941.
performance of the functions of the Form Number: A cooperative uses Internal Revenue Service
agency, including whether the Form 3491 to apply for exemption from
information shall have practical utility; Proposed Collection; Comment
filing information returns (Forms 1099– Request for Form 8843
(b) the accuracy of the agency’s estimate PATR) on patronage distributions of $10
of the burden of the collection of or more to any person during the AGENCY: Internal Revenue Service (IRS),
information; (c) ways to enhance the calendar year. Treasury.
quality, utility, and clarity of the Current Actions: There are no changes ACTION: Notice and request for
information to be collected; (d) ways to being made to the Form 3491 at this comments.
minimize the burden of the collection of time.
information on respondents, including Type of Review: Extension of a SUMMARY: The Department of the
through the use of automated collection currently approved collection. Treasury, as part of its continuing effort
techniques or other forms of information Affected Public: Business or other for- to reduce paperwork and respondent
technology; and (e) estimates of capital profit, INdividuals or households, and burden, invites the general public and
or start-up costs and costs of operation, farms. other Federal agencies to take this
maintenance, and purchase of services Estimated Number of Respondents: opportunity to comment on proposed
to provide information. 200. and/or continuing information
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Federal Register / Vol. 70, No. 123 / Tuesday, June 28, 2005 / Notices 37151
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