Compliance, Regulatory
23 Jan 2025
compliance, business impact, irs, tax regulation, passive activity losses
📄IRS Notice on Passive Activity Losses and Comments Request
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 information collection requirements related to limitations on passive activity losses and credits.
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