Proposed Collection; Comment Request for Form 15597, 10229 [2014-03748]

Agencies

• Internal Revenue Service
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 79, Number 36 (Monday, February 24, 2014)]
[Notices]
[Page 10229]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-03748]


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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 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, Public Law 104-13 (44 U.S.C. 
3506(c)(2)(A)). Currently, the IRS is soliciting comments concerning 
Form 15597, Foreclosure Sale Purchaser Contact Information Request.

DATES: Written comments should be received on or before April 25, 2014 
to be assured of consideration.

ADDRESSES: Direct all written comments to Christie Preston, Internal 
Revenue Service, Room 6129, 1111 Constitution Avenue NW., Washington, 
DC 20224.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of the form and instructions should be directed to Kerry Dennis, 
at Internal Revenue Service, Room 6129, 1111 Constitution Avenue NW., 
Washington, DC 20224, or through the internet at Kerry.Dennis@irs.gov

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 USC 2410 and IRC 7425.
    Current Actions: There are no changes made to the document, 
however, the agency has adjusted its estimated number of responses 
based on the most recent data (FY2013) and the method used to calculate 
the time per respondent, which results in a change in the estimated 
total annual burden previously reported to OMB.
    Type of Review: Revision 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: 4.5 minutes.
    Estimated Total Annual Burden Hours: 612.
    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: February 18, 2014.
R. Joseph Durbala,
IRS Reports Clearance Officer.
[FR Doc. 2014-03748 Filed 2-21-14; 8:45 am]
BILLING CODE 4830-01-P