82 FR 25046 - Proposed Collection; Comment Request for Form 15597

DEPARTMENT OF THE TREASURY
Internal Revenue Service

Federal Register Volume 82, Issue 103 (May 31, 2017)

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. Currently, the IRS is soliciting comments concerning Form 15597, Foreclosure Sale Purchaser Contact Information Request.

[Federal Register Volume 82, Number 103 (Wednesday, May 31, 2017)]
[Notices]
[Pages 25046-25047]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-11117]


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DEPARTMENT OF THE TREASURY

Internal Revenue Service


Proposed Collection; Comment Request for Form 15597

AGENCY: Internal Revenue Service, 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. Currently, the IRS is soliciting 
comments concerning Form 15597, Foreclosure Sale Purchaser Contact 
Information Request.

DATES: Written comments should be received on or before July 31, 2017 
to be assured of consideration.

ADDRESSES: Direct all written comments to Laurie Brimmer, 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 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.
    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

[[Page 25047]]

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: May 22, 2017.
Laurie Brimmer,
Senior Tax Analyst.
[FR Doc. 2017-11117 Filed 5-30-17; 8:45 am]
 BILLING CODE 4830-01-P