Notice2025-13338
Agency Information Collection Activities; Comment Request on Proceeds From Real Estate Transactions.
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
July 16, 2025
Issuing agencies
Treasury DepartmentInternal Revenue Service
Abstract
In accordance with the Paperwork Reduction Act of 1995, the IRS is inviting comments on the information collection request outlined in this notice.
Full Text
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<title>Federal Register, Volume 90 Issue 134 (Wednesday, July 16, 2025)</title>
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[Federal Register Volume 90, Number 134 (Wednesday, July 16, 2025)]
[Notices]
[Pages 32115-32116]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-13338]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Information Collection Activities; Comment Request on
Proceeds From Real Estate Transactions.
AGENCY: Internal Revenue Service (IRS), Treasury.
ACTION: Notice of Information Collection; request for comments.
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SUMMARY: In accordance with the Paperwork Reduction Act of 1995, the
IRS is inviting comments on the information collection request outlined
in this notice.
DATES: Written comments should be received on or before September 15,
2025 to be assured of consideration.
ADDRESSES: Direct all written comments to Andres Garcia, Internal
Revenue Service, Room 6526, 1111 Constitution Avenue NW, Washington, DC
20224, or by email to <a href="/cdn-cgi/l/email-protection#156567743b767a7878707b6166557c67663b727a63"><span class="__cf_email__" data-cfemail="0b7b796a25686466666e657f784b627978256c647d">[email protected]</span></a>. Include ``OMB Control No.
1545-0997'' in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: View the latest drafts of the tax
forms related to the information collection listed in this notice at
<a href="https://www.irs.gov/draft-tax-forms">https://www.irs.gov/draft-tax-forms</a>. Requests for additional
information or copies of the form should be directed to Kerry Dennis at
(202) 317-5751, or at Internal Revenue Service, Room 6526, 1111
Constitution Avenue NW, Washington, DC 20224, or through the internet,
at <a href="/cdn-cgi/l/email-protection#49022c3b3b306705670d2c2727203a09203b3a672e263f"><span class="__cf_email__" data-cfemail="642f0116161d4a284a20010a0a0d17240d16174a030b12">[email protected]</span></a>.
[[Page 32116]]
SUPPLEMENTARY INFORMATION: The IRS, in accordance with the Paperwork
Reduction Act of 1995 (PRA) (44 U.S.C. 3506(c)(2)(A)), provides the
general public and Federal agencies with an opportunity to comment on
proposed, revised, and continuing collections of information. This
helps the IRS assess the impact and minimize the burden of its
information collection requirements. 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 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.
Title: Proceeds From Real Estate Transactions.
OMB Control Number: 1545-0997.
Form Number: 1099-S.
Abstract: Internal Revenue Code section 6045(e) and the regulations
there under require persons treated as real estate brokers to submit an
information return to the IRS to report the gross proceeds from real
estate transactions. Form 1099-S is used for this purpose. The IRS uses
the information on the form to verify compliance with the reporting
rules regarding real estate transactions.
Current Actions: There are no changes to the form that would affect
burden, however the agency has updated the estimated number of
responses based on the most recent filing projections.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations, and
individuals or households.
Estimated Number of Responses: 5,450,400.
Estimated Time per Response: 10 minutes.
Estimated Total Annual Burden Hours: 872,064.
Dated: July 14, 2025.
Kerry L. Dennis,
Tax Analyst.
[FR Doc. 2025-13338 Filed 7-15-25; 8:45 am]
BILLING CODE 4830-01-P
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