IRS Wants Feedback on Tracking Buyers at Foreclosure Sales
Published Date: 11/3/2026
Notice
Summary
The IRS wants your thoughts on a form that collects info about people who buy homes at foreclosure sales. This helps the IRS keep track when they might want to redeem the property. If you’re involved in foreclosure sales or just curious, you’ve got until January 4, 2027, to share your feedback—no cost, just your voice!
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Foreclosure purchaser must supply contact info
If you buy a home at a third-party foreclosure sale, the IRS collects your contact information using Form 15597 (OMB Control No. 1545-2199) when the IRS is considering redeeming the property. The agency estimates 150 responses, about 4.08 hours per response, and a total annual burden of 613 hours. Written comments on this collection are due January 4, 2027.
Comments become public; avoid sensitive data
If you submit comments on this information collection, all comments will become public record and viewable on relevant websites, so the IRS asks that you not include confidential or sensitive personal information. The notice invites public comment under the Paperwork Reduction Act and sets the comment deadline as January 4, 2027.
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