Federal Register #2026-06692

IRS Request for Public Comment on Information Collection Burden Related to Distributions to Foreign Persons

This opportunity involves a request for public comment from the Internal Revenue Service (IRS) regarding the information collection burden associated with the treatment of distributions to foreign persons under sections 367(e)(1) and 367(e)(2). - Government Buyer: - Internal Revenue Service (IRS), Department of the Treasury - OEMs and Vendors: - No OEMs or vendors are mentioned; this is not a procurement for goods or services - Products/Services Requested: - No products or services are being procured - The IRS is seeking feedback on information collection requirements related to gain recognition agreements and reporting for certain property transfers to foreign corporations - Unique or Notable Requirements: - Focus on public input regarding the necessity, accuracy, and burden of IRS information collection - No purchase quantities, part numbers, or procurement line items are specified - Estimated numbers of respondents and annual burden hours are provided, but not tied to procurement actions

Description

The Treasury Department's Internal Revenue Service (IRS) is requesting public comments on the information collection burden related to the treatment of distributions to foreign persons under sections 367(e)(1) and 367(e)(2). This notice invites feedback on the necessity, accuracy, and ways to minimize the burden of the information collection associated with gain recognition agreements and related reporting obligations for certain property transfers to foreign corporations. The request is made under the Paperwork Reduction Act of 1995, with comments due by June 8, 2026. The IRS estimates the annual burden hours and seeks to ensure the collection's practical utility and clarity.

View original listing