Federal Register #2026-21921

IRS Request for Comments on Reporting for Certain U.S.-to-Foreign Corporation Stock Transfers

The U.S. Department of the Treasury’s Internal Revenue Service (IRS) is seeking public comments on an existing tax-reporting information collection, not soliciting products or services. - Government buyer: U.S. Department of the Treasury, Internal Revenue Service (IRS); no sub-agency or office is specified. - Subject: Reporting for certain transfers of domestic stock or securities by U.S. persons to foreign corporations under corporate organization, reorganization, or liquidation provisions of the Internal Revenue Code. - Purpose: The IRS uses the submitted information to determine whether an exception to gain recognition requirements has been satisfied. - Collection estimates: 100 respondents and 1,000 total annual burden hours; the notice estimates 10 minutes per response. - Change status: The collection is being extended without changes. - Procurement: No products, services, OEMs, or vendors are requested.

Description

The Internal Revenue Service is requesting comments on an information collection concerning certain transfers of domestic stock or securities by U.S. persons to foreign corporations. The collection relates to reporting requirements for transfers under corporate organization, reorganization, or liquidation provisions of the Internal Revenue Code and is used by the IRS to determine whether an exception to gain recognition requirements has been satisfied. The notice states that this is an extension of a currently approved collection with no change. Written comments are due by December 28, 2026.

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