[Federal Register Volume 85, Number 150 (Tuesday, August 4, 2020)]
[Notices]
[Pages 47291-47292]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-16972]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Proposed Collection; Comment Request for Form 15597
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice and request for comments.
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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
proposed and/or continuing information collections, as required by the
Paperwork Reduction Act of 1995. Currently, the IRS is soliciting
comments concerning Form 15597, Foreclosure Sale Purchaser Contact
Information Request.
DATES: Written comments should be received on or before October 5, 2020
to be assured of consideration.
ADDRESSES: Direct all written comments to Chakinna Clemons, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224. Requests for additional information or copies of the form and
instructions 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
[email protected].
SUPPLEMENTARY INFORMATION:
Title: Foreclosure Sale Purchaser Contact Information Request.
OMB Number: 1545-2199.
Form Number: Form 15597.
Abstract: Form 15597, Foreclosure Sale Purchaser Contact
Information Request, is information requested of individuals or
businesses that have purchased real property at a third-party
foreclosure sale. If the IRS has filed a ``Notice of Federal Tax Lien''
publically notifying a taxpayer's creditors that the taxpayer owes the
IRS a tax debt, AND a creditor senior to the IRS position later
forecloses on their creditor note (such as the mortgage holder of a
taxpayers primary residence) THEN the IRS tax claim is discharged or
removed from the property (if the appropriate foreclosure rules are
followed) and the foreclosure sale purchaser buys the property free and
clear of the IRS claim EXCEPT that the IRS retains the right to
``redeem'' or buy back the property from the foreclosure sale purchaser
w/in 120 days after the foreclosure sale. Collection of this
information is authorized by 28 U.S.C. 2410 and IRC 7425.
Current Actions: There are no changes made to the burden previously
reported to OMB. This is for renewal purposes only.
Type of Review: Extension of a previously approved collection.
Affected Public: Individuals or households, Business or other for-
profit groups, Not-for-profit institutions, Farms, Federal Government,
State, Local, or Tribal Governments.
Estimated Number of Responses: 150.
Estimated Time per Respondent: 4.08 hours
[[Page 47292]]
Estimated Total Annual Burden Hours: 613.
The following paragraph applies to all of 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 as long as 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: July 30, 2020.
Chakinna B. Clemons,
Supervisory Tax Analyst.
[FR Doc. 2020-16972 Filed 8-3-20; 8:45 am]
BILLING CODE 4830-01-P