Form 15597 - Foreclosure Sale Purchaser Contact Information Request

Forms and Documents

Document Name	Status
Form 15597 Form 15597 - Foreclosure Sale Purchaser Contact Information Request Form	New
ombat2.doc Supplementary Document	2010-10-28
Supp Statmnt Form 15597.pdf Supporting Statement A	2010-11-10

IC Document Collections

IC ID	Document Title	Status
195039	Form 15597 - Foreclosure Sale Purchaser Contact Information Request Form	New

ICR Details

OMB Control No: 1545-2199	ICR Reference No: 201010-1545-042
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: TREAS/IRS	Agency Tracking No: Approval requested by 11/05/2010
Title: Form 15597 - Foreclosure Sale Purchaser Contact Information Request
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 11/05/2010
OIRA Conclusion Action: Approved with change	Conclusion Date: 11/12/2010
	Date Received in OIRA: 11/03/2010
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2011	6 Months From Approved
Responses	550	0	0
Time Burden (Hours)	49	0	0
Cost Burden (Dollars)	0	0	0

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Abstract: This form is used to gather contact information of the purchaser from a 3rd party foreclosure sale when the IRS is considering the redemption of the property.

Emergency Justfication: When the IRS is considering the redemption of real property foreclosed on by a third party, the IRS informs the foreclosure sale purchaser of this consideration and asks for contact information. This "attachment", (Form 15597), is the request for that contact information. We have solicited comments through various methods to seek taxpayer feedback. We will also issue a new 60-day FRN once the final form is released to the public. Based on the internal feedback that we have received, there is a strong desire to ensure that taxpayers understand and receive the form and filing requirements as quickly as possible. Failure to make this form available to the public could result in an adverse financial impact on the taxpaying public and hinder the mission of the IRS in complying with 28 USC 2410 and IRC 7425.

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Authorizing Statute(s): US Code: 28 USC 2410 Name of Law: Actions affecting property on which United States has lien
  

Citations for New Statutory Requirements: US Code: 28 USC 2410 Name of Law: Actions affecting property on which United States has lien

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form 15597 - Foreclosure Sale Purchaser Contact Information Request	15597	Foreclosure Sale Purchaser Contact Information Request

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	550	0	0	550	0	0
Annual Time Burden (Hours)	49	0	0	49	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: When the IRS is considering the redemption of real property foreclosed on by a third party, the IRS informs the foreclosure sale purchaser of this consideration and asks for contact information. This "attachment", (Form 15597), is the request for that contact information. The creation of Form 15597 to collect this contact information will result in a burden increase of 550 responses and 49 hours.

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Annual Cost to Federal Government: $1,056

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 11/03/2010

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