Election to Postpone Determination as to whether the Presumption Applies that an activity is engaged in for profit

ICR 200908-1545-025 · OMB 1545-0195 · Historical Active

⚠️ Notice: This information collection may be outdated. More recent filings for OMB 1545-0195 can be found here:

Forms and Documents

Document	Type	Status	Availability
Form Form 5213 Election to Postpone Determination as to whether the Presumption Applies that an activity is engaged in for profit	Form and Instruction	Modified	Repair queued
5213_Supporting Statement.doc	Supporting Statement A	Uploaded 2009-08-17	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
43854	Election to Postpone Determination as to whether the Presumption Applies that an activity is engaged in for profit	Form and Instruction	Modified

ICR Details

OMB Control No: 1545-0195	ICR Reference No: 200908-1545-025
Status: Historical Active	Previous ICR Reference No: 200606-1545-039
Agency/Subagency: TREAS/IRS	Agency Tracking No: db-0195-025
Title: Election to Postpone Determination as to whether the Presumption Applies that an activity is engaged in for profit
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 11/04/2009
Retrieve Notice of Action (NOA)	Date Received in OIRA: 09/08/2009
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2012	36 Months From Approved	11/30/2009
Responses	3,541	0	3,541
Time Burden (Hours)	2,762	0	2,762
Cost Burden (Dollars)	0	0	0

Abstract: This form is used by individuals, partnerships, estates, trusts, and S corporations to make an election to postpone an IRS determination as to whether an activity is engaged in for profit for 5 years (7 years for breeding, training, showing, or racing horses). The data is used to verify eligibility to make the election.

Authorizing Statute(s): US Code: 26 USC 183 Name of Law: Activities not engaged in for profit

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 23243	05/18/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	74 FR 45522	09/02/2009
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Election to Postpone Determination as to whether the Presumption Applies that an activity is engaged in for profit	Form 5213	Election to Postpone Determination as to Whether the Presumption Applies that an Activity is Engaged for Profit

ICR Summary of Burden

	Total Approved	Previously Approved
Annual Number of Responses	3,541	3,541
Annual Time Burden (Hours)	2,762	2,762
Annual Cost Burden (Dollars)	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

Agency Contact: M Young 2026229791

Common Form ICR: No