INTERNAL REVENUE SERVICE ISSUES NOTICE: AGENCY INFORMATION COLLECTION ACTIVITIES; COMMENT REQUEST ON ELECTION TO POSTPONE DETERMINATIONS AS TO WHETHER THE PRESUMPTION APPLIES THAT AN ACTIVITY IS ENGAGED IN FOR PROFIT

WASHINGTON, June 26 -- Internal Revenue Service has issued a notice called: Agency Information Collection Activities; Comment Request on Election To Postpone Determinations as to Whether the Presumption Applies That an Activity Is Engaged in for Profit.

The notice was published in the Federal Register on June 26 by LaNita Van Dyke, Tax Analyst.

Summary: In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in this notice.

For more information, contact View the latest drafts of the tax forms related to the information collection listed in this notice at https://www.irs.gov/draft-tax-forms.Requests for additional information or copies of this collection should be...