Proposed Collection; Comment Request for Passive Activity Credit Limitations, 12548 [2022-04630]
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12548
Federal Register / Vol. 87, No. 43 / Friday, March 4, 2022 / Notices
therefore not a basis to not carry out a
recall.
VII. NHTSA’s Decision
In consideration of the foregoing,
NHTSA has decided that GM has not
met its burden of persuasion that the
subject FMVSS No. 108 noncompliance
is inconsequential to motor vehicle
safety. Accordingly, GM’s petition is
hereby denied, and GM is consequently
obligated to provide notification of and
free remedy for that noncompliance
under 49 U.S.C. 30118 and 30120.
(Authority: 49 U.S.C. 30118, 30120:
Delegations of authority at 49 CFR 1.95 and
501.8)
Anne L. Collins,
Associate Administrator for Enforcement.
[FR Doc. 2022–04540 Filed 3–3–22; 8:45 am]
BILLING CODE 4910–59–P
DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment
Request for Passive Activity Credit
Limitations
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
The Internal Revenue Service,
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 continuing
information collections, as required by
the Paperwork Reduction Act of 1995.
The IRS is soliciting comments
concerning reporting requirements for
passive activity credit limitations.
DATES: Written comments should be
received on or before May 3, 2022 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Andres Garcia, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
by email to omb.unit@irs.gov. Include
OMB control number 1545–1034 or
Passive Activity Credit Limitations in
the subject line of the message.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of the form should be directed to
Kerry Dennis at (202) 317–5751, or at
Internal Revenue Service, Room 6526,
1111 Constitution Avenue NW,
Washington, DC 20224, or through the
internet, at Kerry.L.Dennis@irs.gov.
SUPPLEMENTARY INFORMATION:
lotter on DSK11XQN23PROD with NOTICES1
SUMMARY:
VerDate Sep<11>2014
17:05 Mar 03, 2022
Jkt 256001
Title: Passive Activity Credit
Limitations.
OMB Number: 1545–1034.
Form Number: 8582–CR.
Abstract: Under Internal Revenue
Code 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.
Current Actions: There is no change to
the regulation or burden at this time.
Type of Review: Extension of a
currently approved collection.
Affected Public: Individuals or
households, business or other for-profit
organizations, and farms.
Estimated Number of Respondents:
300,000.
Estimated Time per Respondent: 7
hours, 53 minutes.
Estimated Total Annual Burden
Hours: 2,370,600 hours.
The following paragraph applies to all
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 if 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: March 1, 2022.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2022–04630 Filed 3–3–22; 8:45 am]
BILLING CODE 4830–01–P
PO 00000
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Requesting
comments on Enhanced Oil Recovery
Credit
Internal Revenue Service (IRS),
Treasury.
ACTION: Notice and request for
comments.
AGENCY:
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.
Currently, the IRS is soliciting
comments concerning enhanced oil
recovery credit.
DATES: Written comments should be
received on or before May 3, 2022 to be
assured of consideration.
ADDRESSES: Direct all written comments
to Andres Garcia, Internal Revenue
Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or
by email to omb.unit@irs.gov. Include
OMB Number 1545–1292 or Enhanced
Oil Recovery Credit in the subject line
of the message.
FOR FURTHER INFORMATION CONTACT:
Requests for additional information or
copies of this collection should be
directed to LaNita Van Dyke, at (202)
317–6009, at Internal Revenue Service,
Room 6526, 1111 Constitution Avenue
NW, Washington, DC 20224, or through
the internet at Lanita.VanDyke@irs.gov.
SUPPLEMENTARY INFORMATION:
Title: Enhanced Oil Recovery Credit.
OMB Number: 1545–1292.
Form Number: 8830.
Abstract: This regulation provides
guidance concerning the costs subject to
the enhanced oil recovery credit, the
circumstances under which the credit is
available, and procedures for certifying
to the Internal Revenue Service that a
project meets the requirements of
section 43(c) of the Internal Revenue
Code.
Current Actions: There are no changes
being made to the regulations, at this
time. Form 8830 was not issued for
2019–2020 because the section 43 credit
was completely phased out and the form
was not needed due to the continued
high price of crude oil; however, it will
apply again for tax years beginning in
2021. The changes made to Form 8830,
reflect Notice 2021–47. This will
increase the number of responses by
SUMMARY:
E:\FR\FM\04MRN1.SGM
04MRN1
]]>Agencies
[Federal Register Volume 87, Number 43 (Friday, March 4, 2022)]
[Notices]
[Page 12548]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-04630]
=======================================================================
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Passive Activity Credit
Limitations
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
-----------------------------------------------------------------------
SUMMARY: The Internal Revenue Service, 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
continuing information collections, as required by the Paperwork
Reduction Act of 1995. The IRS is soliciting comments concerning
reporting requirements for passive activity credit limitations.
DATES: Written comments should be received on or before May 3, 2022 to
be assured of consideration.
ADDRESSES: Direct all written comments to Andres Garcia, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224, or by email to [email protected]. Include OMB control number
1545-1034 or Passive Activity Credit Limitations in the subject line of
the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of the form should be directed to Kerry Dennis at (202) 317-
5751, or at Internal Revenue Service, Room 6526, 1111 Constitution
Avenue NW, Washington, DC 20224, or through the internet, at
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Passive Activity Credit Limitations.
OMB Number: 1545-1034.
Form Number: 8582-CR.
Abstract: Under Internal Revenue Code 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.
Current Actions: There is no change to the regulation or burden at
this time.
Type of Review: Extension of a currently approved collection.
Affected Public: Individuals or households, business or other for-
profit organizations, and farms.
Estimated Number of Respondents: 300,000.
Estimated Time per Respondent: 7 hours, 53 minutes.
Estimated Total Annual Burden Hours: 2,370,600 hours.
The following paragraph applies to all 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 if 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: March 1, 2022.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2022-04630 Filed 3-3-22; 8:45 am]
BILLING CODE 4830-01-P
