Proposed Collection; Comment Request for Form 15597, 73083-73084 [2023-23448]

Download as PDF Federal Register / Vol. 88, No. 204 / Tuesday, October 24, 2023 / Notices Dated: October 18, 2023. Bradley T. Smith, Director, Office of Foreign Assets Control, U.S. Department of the Treasury. [FR Doc. 2023–23403 Filed 10–23–23; 8:45 am] BILLING CODE 4810–AL–C DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Regulation Project Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Income, Gift and Estate Tax. DATES: Written comments should be received on or before January 22, 2024 to be assured of consideration. ADDRESSES: Direct all written comments to Andres Garcia, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or by email to pra.comments@irs.gov. Include ‘‘OMB Number 1545–1360Income, Gift and Estate Tax’’ in the subject line of the message. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of this collection should be directed to Martha R. Brinson, at (202) 317–5753, or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at Martha.R.Brinson@irs.gov. SUPPLEMENTARY INFORMATION: Title: Income, Gift and Estate Tax. OMB Number: 1545–1360. Regulation Project Number: TD 8612. Abstract: This regulation concerns the availability of the gift and estate tax marital deduction when the donee spouse or the surviving spouse is not a United States citizen. The regulation provides guidance to individuals or fiduciaries: (1) For making a qualified domestic trust election on the estate tax return of a decedent whose surviving spouse is not a United States citizen in order that the estate may obtain the marital deduction, and (2) for filing the annual returns that such an election may require. ddrumheller on DSK120RN23PROD with NOTICES1 SUMMARY: VerDate Sep<11>2014 17:08 Oct 23, 2023 Jkt 262001 Current Actions: There are no changes being made to this regulation. Type of Review: Extension of a currently approved collection. Affected Public: Individuals or households. Estimated Number of Respondents: 2,300. Estimated Time per Respondent: 2 hours, 40 minutes. Estimated Total Annual Burden Hours: 6,150. 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. Comments will be 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 has 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 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: October 16, 2023. Martha R. Brinson, Tax Analyst. [FR Doc. 2023–23447 Filed 10–23–23; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Internal Revenue Service Proposed Collection; Comment Request for Form 15597 Internal Revenue Service (IRS), Treasury. ACTION: Notice and request for comments. AGENCY: The Internal Revenue Service (IRS), as part of its continuing effort to SUMMARY: PO 00000 Frm 00097 Fmt 4703 Sfmt 4703 73083 reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning Foreclosure Sale Purchaser Contact Information Request. DATES: Written comments should be received on or before December 26, 2023 to be assured of consideration. ADDRESSES: Direct all written comments to Andres Garcia, Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or by email to pra.comments@irs.gov. Include ‘‘OMB Number 1545–2199— Foreclosure Sale Purchaser Contact Information Request’’ in the subject line of the message. FOR FURTHER INFORMATION CONTACT: Requests for additional information or copies of this collection should be directed to Martha R. Brinson, at (202) 317–5753, or at Internal Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 20224, or through the internet at Martha.R.Brinson@irs.gov. SUPPLEMENTARY INFORMATION: Title: Foreclosure Sale Purchaser Contact Information Request. OMB Number: 1545–2199. Form Number: 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 to the burden previously approved by OMB. Type of Review: Extension of a previously approved collection. Affected Public: Individuals or households, Business or other for-profit groups, Not-for-profit institutions, E:\FR\FM\24OCN1.SGM 24OCN1 73084 Federal Register / Vol. 88, No. 204 / Tuesday, October 24, 2023 / Notices Farms, Federal Government, State, Local, or Tribal Governments. Estimated Number of Responses: 150. Estimated Time per Respondent: 4.08 hours. 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. Comments will be 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 has 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 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: October 16, 2023. Martha R. Brinson, Tax Analyst. [FR Doc. 2023–23448 Filed 10–23–23; 8:45 am] BILLING CODE 4830–01–P DEPARTMENT OF THE TREASURY Community Development Financial Institutions Fund Funding Opportunity Title: Notice of Allocation Availability (NOAA) Inviting Applications for the Calendar Year (CY) 2023 Allocation Round of the New Markets Tax Credit (NMTC) Program. Announcement Type: Announcement of NMTC Allocation availability. Dates: ddrumheller on DSK120RN23PROD with NOTICES1 TABLE 1—CY 2023 ALLOCATION ROUND NMTC PROGRAM CRITICAL DEADLINES FOR APPLICANTS Description Deadline/date Time (eastern time—ET) Submission method Community Development Entity (CDE) Certification Application. Request to modify CDE certification service area. Subsidiary CDE Certification Application for meeting Qualified Equity Investment (QEI) issuance thresholds. CY 2023 Application Registration ................. Last date to contact CDFI Fund staff ........... CY 2023 Allocation Application (including required Attachments). Amendment request to add Subsidiary CDEs to Allocation Agreements for meeting QEI issuance thresholds. Amendment request to remove a Controlling Entity from Allocation Agreement(s). QEI Issuance and making Qualified Low Income Community Investments (QLICIs) by. Report QEIs and certify QLICIs by ............... November 8, 2023 ......... 11:59 p.m. ET ................ November 8, 2023 ......... 11:59 p.m. ET ................ Electronically via the Awards Management Information System (AMIS). Electronically via AMIS. November 8, 2023 ......... 11:59 p.m. ET ................ Electronically via AMIS. November 15, 2023 ....... December 15, 2023 ....... December 19, 2023 ....... 5:00 p.m. ET .................. 5:00 p.m. ET .................. 5:00 p.m. ET .................. Electronically via AMIS. Electronically via AMIS. Electronically via AMIS. January 21, 2024 ........... 11:59 p.m. ET ................ Electronically via AMIS. January 21, 2024 ........... 11:59 p.m. ET ................ Electronically via AMIS. March 21, 2024 .............. 11:59 p.m. ET ................ Not Applicable. March 28, 2024 .............. 11:59 p.m. ET ................ Electronically via AMIS. Executive Summary: This NOAA is issued in connection with the CY 2023 allocation round (Allocation Round) of the New Markets Tax Credit Program (NMTC Program), as authorized by Title I, subtitle C, section 121 of the Community Renewal Tax Relief Act of 2000 (Pub. L. 106–554) as amended. Through the NMTC Program, the Community Development Financial Institutions Fund (CDFI Fund) provides authority to certified CDEs to offer an incentive to investors in the form of tax credits over seven years, which is expected to stimulate the provision of private investment capital that, in turn, will facilitate economic and community development in Low-Income Communities. Through this NOAA, the CDFI Fund announces the availability of VerDate Sep<11>2014 17:08 Oct 23, 2023 Jkt 262001 $5 billion of NMTC Allocation authority in this Allocation Round. In this NOAA, the CDFI Fund specifically addresses how a CDE may apply to receive an allocation of NMTCs, the competitive procedure through which NMTC Allocations will be made, and the actions that will be taken to ensure that proper allocations are made to appropriate entities. I. Allocation Availability Description A. Programmatic changes from the CY 2022 allocation round: 1. Prior QEI Issuance Requirements: Prior-year NMTC Allocatees will be subject to minimum thresholds for QEI issuance and closing of QLICIs with respect to their prior-year NMTC Allocations. These thresholds and deadlines have been revised in PO 00000 Frm 00098 Fmt 4703 Sfmt 4703 comparison to the CY 2022 NOAA. See Section III. A.5(a) of this NOAA for additional details. II. Allocation Information A. Allocation amounts: Pursuant to the Taxpayer Certainty and Disaster Tax Relief Act of 2020, the CDFI Fund expects that it may allocate to CDEs the authority to issue to their investors the aggregate amount of $5 billion in equity as to which NMTCs may be claimed, as permitted under IRC 45D(f)(1)(D). Pursuant to this NOAA, the CDFI Fund anticipates that it may issue up to $100 million in tax credit investment authority per Allocatee. The CDFI Fund, in its sole discretion, reserves the right to allocate amounts in excess of or less than the anticipated maximum allocation amount should the CDFI E:\FR\FM\24OCN1.SGM 24OCN1

Agencies

[Federal Register Volume 88, Number 204 (Tuesday, October 24, 2023)]
[Notices]
[Pages 73083-73084]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-23448]


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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.

-----------------------------------------------------------------------

SUMMARY: The Internal Revenue Service (IRS), 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 information collections, as required by the Paperwork Reduction Act 
of 1995. The IRS is soliciting comments concerning Foreclosure Sale 
Purchaser Contact Information Request.

DATES: Written comments should be received on or before December 26, 
2023 to be assured of consideration.

ADDRESSES: Direct all written comments to Andres Garcia, Internal 
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC 
20224, or by email to [email protected]. Include ``OMB Number 1545-
2199--Foreclosure Sale Purchaser Contact Information Request'' in the 
subject line of the message.

FOR FURTHER INFORMATION CONTACT: Requests for additional information or 
copies of this collection should be directed to Martha R. Brinson, at 
(202) 317-5753, or 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: 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 to the burden previously 
approved by OMB.
    Type of Review: Extension of a previously approved collection.
    Affected Public: Individuals or households, Business or other for-
profit groups, Not-for-profit institutions,

[[Page 73084]]

Farms, Federal Government, State, Local, or Tribal Governments.
    Estimated Number of Responses: 150.
    Estimated Time per Respondent: 4.08 hours.
    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. 
Comments will be 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 has 
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 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: October 16, 2023.
Martha R. Brinson,
Tax Analyst.
[FR Doc. 2023-23448 Filed 10-23-23; 8:45 am]
BILLING CODE 4830-01-P

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