Notice2026-04282
Agency Information Collection Activities; Comment Request on Comment Request on Notice 99-43, Nonrecognition Exchanges Under Section 897.
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
March 4, 2026
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 91 Issue 42 (Wednesday, March 4, 2026)</title>
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[Federal Register Volume 91, Number 42 (Wednesday, March 4, 2026)]
[Notices]
[Pages 10692-10693]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-04282]
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DEPARTMENT OF THE TREASURY
Internal Revenue Service
Agency Information Collection Activities; Comment Request on
Comment Request on Notice 99-43, Nonrecognition Exchanges Under Section
897.
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 May 4, 2026 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#443436256a272b2929212a3037042d36376a232b32"><span class="__cf_email__" data-cfemail="daaaa8bbf4b9b5b7b7bfb4aea99ab3a8a9f4bdb5ac">[email protected]</span></a>. Include OMB Control Number
1545-1660 in the subject line of the message.
FOR FURTHER INFORMATION CONTACT: Requests for additional information or
copies of this collection should be directed to Marcus W. McCrary, 470-
769-2001.
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, and
viewable on relevant websites. For this reason, please do not include
in your comments information of a confidential nature, such as
sensitive personal information. 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: Notice 99-43, Nonrecognition Exchanges under Section 897.
OMB Control Number: 1545-1660.
Regulation Project Number: Notice 99-43.
Abstract: Notice 99-43 announced modification of the current rules
under Temporary Regulation section 1.897-6T(a)(1) regarding transfers,
exchanges and other dispositions of U.S. real property interests in
nonrecognition transactions occurring after June 18, 1980. The notice
provided that, contrary to section 1.897-6T(a)(1), a foreign taxpayer
will not recognize a gain under Code 897(e) for an exchange described
in Code section 368(a)(1)(E) or (F), provided the taxpayer receives
substantially identical shares of the same domestic corporation with
the same divided rights, voting power, liquidation preferences, and
convertibility as the shares exchanged without any additional rights or
features.
Current Actions: There is no change to the burden previously
approved by OMB.
Type of Review: Extension of a currently approved collection.
Affected Public: Business or other for-profit organizations,
individuals or households, and corporations.
[[Page 10693]]
Estimated Number of Respondents: 100.
Estimated Time per Respondent: 2 hours.
Estimated Total Annual Burden Hours: 200.
Dated: March 2, 2026.
Marcus W. McCrary,
Tax Analyst.
[FR Doc. 2026-04282 Filed 3-3-26; 8:45 am]
BILLING CODE 4831-GV-P
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